com/blogs/globespotting/archives/2009/01/satyam_scandal.html The terror attacks on Mumbai were just a tremor for the country’s tech industry compared to the shocks coming from the Satyam scandal. Earlier today, Ramalinga Raju, Satyam’s founder and longtime chairman, admitted in a letter to the board that he had been cooking the books for years to make up for revenue and profit shortfalls. Read the details in this report by my BW colleague, Manjeet Kripalani. In his letter, Raju wrote that the cover-up finally got the best of him: “It was like
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Carnival Corporation Module 8 Assignment 2 Martha Anne Alvis Argosy University Abstract Carnival Corporation (CCL) has been examined as to the nature of the industry. This paper studies the organizational structure from the Chief Operations Officer to the crew. Looking also into the global locations and the organizational work at several sites in which CCL operates. This paper examines the flow of information and the methods of resolution. Further offering information on strengths, weaknesses
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Our CompanySustainabilityProductsHeritageInvestorsPress CenterCareersContact Us. Search 2009 Year in Review Mission, Vision & Values The Coca-Cola System Our People Leadership Board of Directors Operating Group Leadership Functional Leadership Innovation Company History Company Reports Email Alerts Awards and Recognition Our Company's leaders share ideas during the World Economic Forum Annual Meeting (Video).Leading the Industry & Refreshing the World
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Edition: 1 - First with the news Section: Finance, pg. 035 'ASIC suspects that the defendants, as executive directors of One.Tel, may have concealed the true financial position of One.Tel from the market . . . and from at least one of the non-executive directors -- ASIC senior investigator Peter Connor' COLLAPSED telco One.Tel may have been insolvent up to six months ago, joint
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Events that led to Cathy Walter to take actions In January 2004 when the NAB’s FX losses were revealed, Cathy Walter, a director of NAB, proposed that the global audit firm PricewaterhouseCoopers (PwC) be sued. The fees paid to PwC for advice in 2003 were twice as large as the fees paid to its statutory auditor (KPMG). Jim Power, a PwC partner, had acted as the NAB internal auditor during 2002. He had specifically advised Walter, who was chair of the Audit Committee, that the NAB was not exposed
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EXECUTIVE SUMMARY A few concepts that I chose from chapter 10 to focus on are executive succession: insiders versus outsiders, problems in retrenchment, managing diverse cultures following an acquisition, and total quality management (TQM). Strategy implementation is an important step that requires staffing and directing and puts strategy into action. According to McCarthy 'strategy implementation may be said to consist of securing resources, organizing these resources, and directing the use of
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Introduction: The recent wave of business scandal and ethical lapses have heightened people, press, and investor security of companies, creating demand for a corporate culture of integrity driven performance and a new corporate transparency. Management and boards now feel compelled to ensure that proper governance processes are in place to protect corporate reputation, brand image and share holder value. According to Pricewaterhouse Cooper’s 8th Annual global CEO survey (Dec 2004), 50% of retail industry CEOs
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INTRODUCTION This case study is about 15 Canadian pensioners on a heritage quest holiday. It is to be noted that this is the very first visit to their ancestral origin, specifically the area their ancestors migrated from in the late 18th and early 19th century. It aims to find the relevant and very best method of presentation to deliver and inform these tourists. The presentation is to be held in the conference room of a five star hotel where the tourists will be staying. The methods being used
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Bank will continue to focus on SME & Consumer financing resulting in efforts of increased profitability. Board of Directors Mr. Munnawar Hamid OBE, Chairman Mr. Hamid was elected Director and Chairman of the Board, in March 2008 and was re-elected as a Director by the shareholders of the Bank and Chairman by the Board in August 2011. He is also Chairman of the HR Committee of the Board. Mr. Hamid gained experience of commerce and industry while serving in a major chemicals company, ICI Pakistan
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incorporation. 2. Broadly speaking, what are the powers of the Board of Directors of a corporation? a. Declaring a dividend, establishing the price for the sale of shares of stock, electing and removing officers, and filling vacancies on the board of directors. 3. What types of corporate actions generally require board initiative? a. Any fundamental changes in the corporation. 4. How are people nominated and elected to the Board of Directors? a. They are usually nominated by the current
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