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

[Chris Gilbey]

Further to Steve Wilson¹s comment:

<<But governance structures are merely sets of rules.  And they only work
when people follow the rules.  Since when did white collar criminals
follow any rules?>>

Some people and companies commit outright fraud in order to get an edge and
when they get it and get away with it, it becomes easy to keep doing it.

We have seen two of our largest companies involved in illegal price fixing
in the last couple of years.

Governments turn a blind eye ­ perhaps because it is deemed to be in the
national interest. Look at the AWB scandal. Would anyone seriously believe
that the minister responsible was unaware?

And could anyone really believe that the SEC was unaware that Madoff was
shonky, when one of their people had repeatedly tried to get an
investigation up...

I blogged about the dark side of corporate fraud yesterday at perceptric.com
and a discussion I had with an ex-policeman who had come up against the
system while pursuing serious fraud in Europe.

Regards

Chris Gilbey