[LINK] Uncertain future for Satyam and Wikipedia on Corporate Governance

[Jan Whitaker]

At 11:09 AM 4/02/2009, Marghanita da Cruz wrote:
>Uncertain future for Satyam
> > KUMAR PARAKALA, AUSTRALIAN COMPUTER SOCIETY: From a corporate 
> governance point of view there's definitely a greater need for more 
> controls. There is a greater need for more scrutiny. And again, we 
> don't want to claim that we have told so in the past. We always 
> like to say that good governance, good management requires issues 
> such as risk management and corporate governance, equal 
> consideration to cost-cutting. Unfortunately, when organisations 
> are on the bandwagon to cut costs, they forget the risk management aspects.
><http://www.abc.net.au/7.30/content/2008/s2478730.htm>

Well, gee, does good governance and controls include that the execs 
don't falsify their balance sheets? From what the media has been 
reporting this was a case of fraud. Maybe 'good governance' is better 
boards of management that are paying attention.

Jan



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