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India Reviews Governance Post-Satyam Scandal

Global Glimpses | January 15, 2009

The Confederation of Indian Industry (CII) has launched a corporate governance task force to report on the implications of the fraud at computer company Satyam.

In a brief statement the business lobby group said the initiative would be chaired by Naresh Chandra, India’s former Ambassador to the United States. The task force will review the events at Satyam and make recommendations for corporate governance reform.

Separately, the Institute of Chartered Accountants in India has launched its own inquiry into the scandal. A seven-person committee led by the body’s vice president, Uttam Agarwal, will report on “...

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