Corporate governance review of satyam computer

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We are very thankful to our respected H. And at last but not the least I am thankful to fellow group member and for their co-operation. The training and development activities are now equally important with that of other HR functions. Gone are the days, when training was considered to be futile, waste of time, resources, and money.

If training is not considered as a priority or not seen as a vital part in the organization, then it is difficult to accept that such a company has effectively carried out HRM.

Training actually provides the opportunity to raise the profile development activities in the organization. To increase the commitment level of employees and growth in quality movement concepts of HRMsenior management team is now increasing the role of training.

Such concepts of HRM require careful planning as well as greater emphasis on employee development and long term education. Training is now the important tool of Human Resource Management to control the attrition rate because it helps in motivating employees, achieving their professional and personal goals, increasing the level of job satisfaction, etc.

As a result training is given on a variety of skill development and covers a multitude of courses. Role of HRD Professionals in Training This is the era of cut-throat competition and with this changing scenario of business; the role of HR professionals in training has been widened.

HR role is now: Active involvement in employee education 2. Rewards for improvement in performance 3. Rewards to be associated with self esteem and self worth 4. Providing pre-employment market oriented skill development education and post employment support for advanced education and training 5.

It is concerned with improving the existing skills and exploring the potential skills of the individual i.

Therefore, training is a key to optimizing utilization human intellectual technological and entrepreneurial skills.

Training and Development referred to as: Training is activity leading to skilled behavior. Training is about the acquisition of knowledge, skills, and abilities KSA through professional development. It also helps the employees in attaining personal growth. It helps to expand the horizons of.

It helps in inculcating the zeal to learn within the employees.Shareholders should be realistically allowed to directly select corporate director candidates via the SEC Shareholder Proposal procedure.

The days of corporate paternalism should be ended. Corporate governance problems will only be cured when Shareholders can easily remove incompetent/corrupt Directors, i.e., vote them out of . The Enron scandal, publicized in October , eventually led to the bankruptcy of the Enron Corporation, an American energy company based in Houston, Texas, and the de facto dissolution of Arthur Andersen, which was one of the five largest audit and accountancy partnerships in the world.

In addition to being the largest bankruptcy . By , Satyam was a global company operating in 37 countries. The case traces the rise and fall of both Satyam and its founder, Raju, who was an important celebrity in corporate India.

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The Centre has announced the constitution of a committee to revisit several provisions of the Companies Act, that impose stiff penalties . Corporate Governance Review of Satyam Computer Services Words | 17 Pages | | 5 | | | Overview of the OECD Principles of Corporate Governance.