Neelakantan

Banking Crisis: Causes and Possible Solutions

Nice article. Nationalization is not a bad proposition, if subsequent control, can be effectively implemented. In fact, eventhough, there are many opponents to the concept of nationalization, it has been proved in India that Nationalized banks are currently standing much better-off than other private banks in this financial turmoil.

Improving Corporate Governance: A Blueprint to Prevent Scams Like Satyam's

The Satyam case is classic case of conflict of interest between majority / founder shareholders and the minority shareholders. Such situations exist in atleast 75% of the companies regulated by SEBI and scams of similar nature exist rampantly in many of these listed companies. It is indeed going to be mammoth exercise to scrutinize and monitor every company. This, therefore, increases the role of auditors in minimizing, if not completely stopping, the occurence of such scams.

It is true, that, unless auditors are punished with exceptional punishments for their role in such scams, things really cannot improve.