Corporate Governance And International Best Practices: The Case Of Satyam | Meghna Rishi & Anjana Singh

Corporate Governance (CG) scandals saw the light of dawn in the UK in late 1980?s and later, in the USA in the late 1990?s (Martin, 2009). India too witnessed a corporate fiasco at Satyam Computer Services Limited (SCSL), a leading player in the IT and BPO industry. This paper, hence, highlights the role of efficient and ethical corporate governance practices, in safeguarding investors? interests. The paper is based on qualitative research and introduces the best practices of corporate governance in the UK, USA and India, under three criteria-Corporate governance and ownership functions; Accounting and Financial Reporting and Other Regulations. SCSL is used as a focal point to bring forth weaknesses of existing CG systems in India. Innovative CG principles have to be developed, by individual corporations, in India and other emerging economies, by national as well as International benchmarking of CG norms. The paper has implications for business managers and strategy developers as it offers implementable CG strategies.