Changing Opinions!
At the peak of the Enron & Worldcom scams there used to be joke going around on the varied opinions of “Professional firm of Accountants” to a question on what 2+2 would be. I was initially tempted to use the same one but better sense prevailed on me lest my professional fraternity haul me up ... Read More Here....
Dealing with “Politically Exposed Persons”
The repeated scams that appear to be hitting the headlines have once again exposed the inadequacies of both the law and enforcement of existing ones. Among the various issues that did come up for scrutiny in the “Railgate” was the alleged appointment of one of the “Professional Associates” of the accused minister and the subsequent alleged ... Read More Here....
Crowd Sourcing Governance a.k.a Community Policing!
The last couple of days have been seeing a fair amount of ruckus both, national and international. Having got so used to the national ones, I will begin with the international one – A gun printed on the 3D printing machine! (http://www.forbes.com/sites/andygreenberg/2013/05/03/this-is-the-worlds-first-entirely-3d-printed-gun-photos/). We then had the news report on a survey on the corporate sector ... Read More Here....
Chimpanzee Syndrome – Applicable to Corporates & Individuals!
I recall having read about an experiment having been conducted on a set of chimpanzees that reads as follows! (http://www.psychforums.com/antisocial-personality/topic38770.html) 8 chimpanzees were placed in a big room with a lot of "toys" including a lot of wooden boxes. A bunch of bananas were hanging from the ceiling, but too high for the chimps to reach ... Read More Here....
Sourcing- Gathering Functional & Strategic Focus
The links to the following articles that caught my attention have been appended below. The first one discusses the importance of building a good team for the sourcing function. This could not have come sooner as most organizations tend to ignore its strategic relevance. The general criteria for being part of the sourcing function is ... Read More Here....
Is Indian Banking System Equipped to Deal with Cyber Crimes?
The news report in Economic Times on ‘how some dubious characters in the diamond trade have used the banking system’ appears to be a treatise on accounting/taxation/banking! http://economictimes.indiatimes.com/news/economy/finance/diamond-houses-local-traders-realtors-and-petty-assistants-come-together-to-evade-tax/articleshow/19502226.cms This coming close on heals of the cobrapost allegations that made headlines a couple of weeks back is not something that the regulators would be happy about. http://businesstoday.intoday.in/story/cobrapost-expose-on-money-laundering-by-banks/1/193462.html These ... Read More Here....
Crowd Sourcing Corporate Governance
A couple of days back a news item about the election of Directors, based on the cumulative voting method, at GSK Consumer Healthcare Ltd did not get the attention it deserved! (http://thefirm.moneycontrol.com/story_page.php?autono=844982 ) It marked a significant departure from the mandated provisions of law in the appointment of directors representing the interests of the minority ... Read More Here....
Sycophants’ day out
The progress of the country, especially a mature democracy, is largely dependent on the effective functioning of the all the controlling arms. The role of the press & media is extremely critical and if these develop a marked bias with a trait of sycophancy bordering on debauchery then we are truly in serious trouble. This ... Read More Here....
Background on Corporate Citizen and Employer Employee Awards
The last week I had the privilege of chairing the committee for the “Corporate Citizen” & “Employer-Employee” Awards at my Rotary Club, the Rotary Club of Madras East (http://www.rcme.in). The exercise was personally enriching. I had the responsibility of giving the background of awards at the function. Since the same may be relevant to many ... Read More Here....
Governance in Family Business
The weekend saw the demise of one of the doyen’s of India’s pharma industry Dr. Anji Reddy. He is truly to be credited for India’s bulk drug foray and subsequently for having had the entrepreneurial courage and conviction to invest in the pharma research. Many people who have interacted with him have a lot of ... Read More Here....
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