The Hindu Business Line : Monday, January 12, 2009

OPINION

ECONOMIC OFFENCES: Seeds of failure usually sown in good times
On the eventful 7/1 evening I went to the only English bookshop in Cologne and browsed the books it had on corporate governance to see if they gave me any ideas for my column theme. There was just one book specifically on ...

EDITORIAL: Revamp at Satyam
The Government clearly had little choice but to reconstitute the Board of Satyam Computers, already depleted by the resignation of independent members and the inglorious exit of its promoter-directors. In an era where liberalism has been ...

ECONOMY: Implementation, key to success
The second fiscal stimulus package recently announced by the Government and the Reserve Bank of India has been broadly on the lines of the first stimulus package, but has also expanded its scope to provide for greater incentives for ...

CORPORATE GOVERNANCE: Satyam fraud: Misplaced faith in self-regulation
The Satyam debacle will raise many questions but the key query is: What price the social responsibility of businesses? Milton Friedman, writing about the social responsibilities of business, was acerbic: “The discussions of the ...

ECONOMIC OFFENCES: Satyam fraud: More than accounting skullduggery
Is the Satyam scandal just about a promoter manipulating the financial statements of his company to show a superior performance? Or is it about systematic siphoning of funds from the company over the years? Emerging events seem to ...

ECONOMY: When the economy stings
Winston Churchill used “aftermath” to describe the consequences of the Second World War, quite an appropriate term to describe the effects of the recent collapse of financial institutions in the US, affecting the whole world. The ...

ECONOMIC OFFENCES: The truth beyond Satyam
If unintended oversight can be described as undesirable behaviour on the part of auditors, the Satyam affair can be termed as an example of what improper auditing can result in by way of, among other things, affecting the interests of hundreds ...

POLITICS: Creating voter awareness
Periodical elections alone do not a democracy make. Genuine democracy calls for the involvement of citizens not just in casting the ballots once in a while but in acting as watchdogs in the period between elections. Without their assuming such ...

LETTERS: Accountability
It is very sad that the year 2009 started with the loss of thousands of jobs, with the fall of Satyam. In the present economic scenario this would have a considerable impact on the economy. With many people in different sectors losing jobs ...