Corporate Governance /Satyam fiasco
Everyday the papers carry at least 2-3 items about the Satyam episode and a lot has been discussed about the corporate governance , the role of independent directors and the accountability . No, I am not going to talk about all these things - But I am going to talk about something else which also revolves around these same core issues - So when will the nation be talking of the accountability of the government, government offices, etc. Like the corporate sector,where we hold the CEO responsible for the acts of commission, omission , etc, why aren't we holding the Heads of the States and Country accountable. Let these people run their departments like a corporate entity - let there be a quarterly results published for each state like what the public limited companies do. The public limited company have the obligation to the general public to publish their accounts because the general public has invested money in their company. Aren't we all investing our money in ter