Initial Private Opinion : Corporate Governance

Corporate Governance reforms?

Sandeep Parekh — Wed, 11 Feb 2009 06:54:00 GMT

I was on a conference call with the Asian Corporate Governance Association (ACGA) on the Satyam episode and it's lessons. I re-iterated that there were some areas including corporate disclosures which needed a wholesome overhaul in it structure and...(read more)

Corporate Governance - more activism

Sandeep Parekh — Thu, 01 Jan 2009 13:05:00 GMT

Another victory for investors, though not decisive. Anyone following the Gujarat public sector companies may recall the government of gujarat was seeking to divert 30% of before tax profits of four Gujarat government dominated public companies which are...(read more)

Satyam – resignation and poor advice

Sandeep Parekh — Sat, 27 Dec 2008 06:04:00 GMT

I thought the resignation of Mrs. Mangalam Srinivasan (or at least the one reported in the news) was very mature. It demonstrated contrition, it was humble and it talked the walk by resigning. She stated she had concerns at the meeting but admitted she...(read more)

Satyam - from storm to maelstrom

Sandeep Parekh — Wed, 24 Dec 2008 08:55:00 GMT

Just when you thought, things couldn't get worse for Satyam Computers, they do. The Upaid lawsuit in Texas, US, seeking over a billion dollars in compensation and also punitive damages (BTW, Texas is famous for giving fantastical awards in punitive...(read more)

Satyam Board - thy name is mud

Sandeep Parekh — Thu, 18 Dec 2008 06:44:00 GMT

Seems we were all barking up the wrong tree - rather the wrong shrub. There is something far more sinister which has occurred in the self dealing proposal. This is based on a CNBC report I saw yesterday which does not seem to have seeped in at all in...(read more)

Satyam - name and reputation are upside down - 2

Sandeep Parekh — Wed, 17 Dec 2008 07:55:00 GMT

Compensation of independent directors In case you are curious, here is the list of the independent directors of Satyam and what they were paid last year for attending 3 to 4 Board meetings: Prof. Krishna G Palepu (non-independent but non-executive member...(read more)

Satyam - name and reputation are upside down

Sandeep Parekh — Wed, 17 Dec 2008 02:34:00 GMT

The story till now in brief: Satyam, one of the leading software and BPO companies of India declared yesterday (16th Dec) after market close that it was planning to buy large stakes (100% and 51%) in two promoter companies. Maytas and Maytas Infrastructure...(read more)

The government is above the law - Corporate Governance in public sector

Sandeep Parekh — Sat, 01 Nov 2008 17:57:00 GMT

A first of its kind SEBI (Securities and Exchange Board of India) order against GAIL India (a listed government controlled company registered under the Indian Companies Act 1956 as a government company) was passed on the 27th Oct 08. It relates to applicability...(read more)