Satyam and Maytas

Sandeep Parekh has two posts and and T T Rammohan has a post on the corporate governance issues raised by the aborted acquisition (bailout?) by Satyam of Maytas – a company owned by Satyam’s promoters. Sandeep Parekh concludes: “I think this is a clear case of violation of fiduciary duties by the executive and independent directors of the company and I would go so far as to state that they have violated all three duties imposed upon them as fiduciaries – the duty of care, the duty of diligence and the duty of loyalty.”

Posted at 8:28 pm IST on Wed, 17 Dec 2008         permanent link

Categories: corporate governance

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