Come the next bull run, all will be forgiven and forgotten about the Satyam episode

The ‘Satyam affair’ has brought into focus some very unpleasant truths about corporate governance. Family priorities have generally led to corporate action that is often perplexing; but what is heartening is that (in this instance) institutional investors and the media made enough noise for the ‘promoters’ to...

Is the concept of independent directors unworkable in India?

When it comes to debating the nuances of good governance, all the news seems to be emanating from Hyderabad and none bodes well for corporate India. After the cover story in our previous issue, two independent directors on Satyam’s star-studded board – Vinod Dham and Dr Krishna Palepu – decided to call a meeting which would also...