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

[Marghanita da Cruz]

Chris Gilbey wrote:
> 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.
> 

And for some Indian perspective on Satyam....
> Hyderabad: Two suspended PriceWaterhouse employees allegedly involved in the Satyam Computer Services fraud will be in the custody of the Andhra Pradesh police Wednesday and Thursday.
<http://www.siliconindia.com/shownews/_Andhra_police_get_custody_of_two_Satyam_auditors-nid-51966.html>

Tighter regulation and funding of super (provident funds) after ANSETT may 
prevent this being a concern in Aus:

> Bangalore: A six-member board of Satyam, appointed by the government of India, has emphasized that there was sufficient data to suggest the claims made by Satyam on its headcount were correct. In New Delhi, Tarun Das, a board member and CII chief mentor, told press reporters the headcount could be 50,000.
<http://www.siliconindia.com/shownews/Satyams_headcount_figure_could_be_correct_-nid-51903.html/1/1>

Maybe things aren't that bad.
> Mumbai: Contemplating on the present speculations on acquisition of Satyam Computer, SEBI has decided to ease the takeover regulations. The decision came as a reaction to the plea from Satyam's board for certain exemptions from the takeover regulations.
<http://www.siliconindia.com/shownews/Post_Satyams_plea_SEBI_to_ease_takeover_rules__-nid-51963.html>

> New Delhi: Throwing its hat into the ring, Spice group has expressed its 
interest to take over the troubled Satyam Computers. Earlier the group had sold
its mobile communication
<http://www.siliconindia.com/shownews/Spice_seeks_to_take_over_Satyam-nid-51952.html>

Marghanita
-- 
Marghanita da Cruz
http://www.ramin.com.au
Phone: (+61)0414 869202