Documentos de Académico
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Group members(C-10)-
Abhishek singh(12121)
Ankur jain(12127)
Ritesh jaiswal(12153)
Sandeep v raju(12162)
Pappu yadav(12166)
Sarthak rohatgi(12182)
A BIOGRAPHICAL SKETCH OF RAMALINGA RAJU
Born on September 16,1954 in a family of farmers
In 1987 Raju founded Satyam computer service with one of his brother
in law DVS Raju
A BRIEF HISTORY OF SATYAM
• Established on 24th June 1987
• Was incorporated in 1991 as public limited company
• Period of 1997-2003 was of very high growth
• Mr. Raju was awarded with many honours
Downfall of Satyam :
• In Dec. 2008 World Bank blacklisted Satyam on the charges of –
• Lessons learnt :
Transparency should be very good
Tighter norms for Chartered accountants
A cap on revenues, at 10%, to an audit firm
Independent directors should have sound technical skills
Should have an effective “Whistle blower policy”
Need for education on ethical values
THEORIES AND APPROACHES
1. Kohlberg Model
• Post conventional Stages:
- Stage Five: Social Contract Orientation
- Stage Six: Universal Moral Principles Orientation
Board of Directors
- Stage One: Interpersonal Concordance Orientation
2. Theory of Universalism
“Universalism suggests that in reaching a decision,
consider if the decision would be acceptable if everyone, in
every situation, made the same decision.”
5. Utilitarian theory
“moral actions are those that produce the greatest net
pleasure compared with net pain.”
the Cost‐Benefit Analysis
RAMALINGA RAJU’s point of view
Greed
Bribery
Embezzlement