Case Study-Governance Failure at Satyam

Must be in outline format, no parargraphs.
CASE
SYNOPSIS
–
Case
Summary [This should be a synopsis of the main points
so that
the
reader
may fully understand the pertinent case facts
–
please
include
ALL of
the major points, so this section may be longer than you might originally
think]
II.
What were
the circumstances under which Satyam’s fraud was exposed? What
do you
think were the
reas
ons for
the fraud? Could
this fraud have
been
prevented?
Evaluate
the statements made by the chairman in his resignation.
III.
Critically evaluate
the corporate governance
mechanisms adopted by
Satyam.
DEFINE
and FULLY d
iscuss
:
A.
T
he [4]
corporate
governance mechanisms
[FROM OUR
TEXT]
in
relation to
the
Satyam
case.
B.
Were the
corporate governance mechanisms at
Satyam
ADEQUATE
? Why
or why
not?
C.
S
pecifically
discuss EACH governance mechanism in detail, addressing the
ADEQUACY
of each
relative
to Satyam
.
SUB
–
HEADINGS
HELP ORGANIZE YOUR PAPER:
A]
Ownership
Concentration
●
ADEQUATE
–
YES or NO
and WHY
B] Board
of Directors
●
ADEQUATE
–
YES or NO
and WHY
C]
Executive Compensation
●
ADEQUATE
–
YES or NO
and WHY
D] Market
for Corporate Control
●
ADEQUATE
–
YES or NO
and WHY
IV.
Examine the
role of internal
controls in the
prevention of fraud.
What
characteristics of
the board of
directors play a role in
preventing financial
statement
fraud?
V.
Assess the
responsibility of audit
committees as well
as internal auditors
in
relation
to
the
Satyam scandal. Do you think making
regulatory changes would
help in
preventing such fraud?
VI.
LEGAL and
ETHICAL IMPLICATIONS
–
Develop two
persuasive arguments
regarding
the
legal
and
ethical implications for this case (at least one legal and at
least o
ne ethical, with
support for each). Please use
separate subheadings and
clearly
designate which are the legal vs. ethical issues, as well as your arguments
and
supporting evidence for each.
V
II
.
CRITICAL
THINKING
QUESTION
–
Craft
a
meaningful/critical thi
nking
question for
this case
and provide what you consider to be an
EXCELLENT
answer.
V
III
.
EPILOGUE
:
UPDATE
the c
ase fr
om the
time that the case ended
.
Please i
nclude
:
■
S
trategic
milestones
(s
eparate
heading/
l
ist
several) and
■
Financial
milestones
–
i.e.
performance measures
(separate
heading/ list several)
■
What are
the lessons learned from this case?
UPDATE THE CASE MEANS UPDATE THE CASE TO THE PRESENT!
This
means use
outside,
current sources
!!
________________________________________________

Last Completed Projects