CORPORATE GOVERNANCE AND INTERNATIONAL BEST PRACTICES: THE CASE OF SATYAM
Corporate Governance (CG) scandals saw the light of dawn in the UK in late1980’s and later, in the USA in the late 1990’s (Martin, 2009). India too witnesseda corporate fiasco at Satyam Computer Services Limited (SCSL), a leading playerin the IT and BPO industry. This paper, hence, highlights the role of efficient andethical corporate governance practices, in safeguarding investors’ interests. Thepaper is based on qualitative research and introduces the best practices of corporategovernance in the UK, USA and India, under three criteria-Corporate governanceand ownership functions; Accounting and Financial Reporting and OtherRegulations. SCSL is used as a focal point to bring forth weaknesses of existing CGsystems in India. Innovative CG principles have to be developed, by individualcorporations, in India and other emerging economies, by national as well asInternational benchmarking of CG norms. The paper has implications for businessmanagers and strategy developers as it offers implementable CG strategies.