Business Standard

A scam and a tape recorder

Related News

A senior government nominee director appointed to the boards of companies in the aftermath of the Satyam-in 2009 recalled how he had suggested the idea of recording the proceedings of the board on tape. “I had seen an inbuilt tape recording system in one of the public sector companies and suggested to the other nominee directors that even our proceedings should be recorded. But the government directors shot it down.” “Duniya bhar ke baat karni hogi. Tape recorder nahi rahega (We have a lot to talk about. A tape recorder won’t work),” they said by way of an excuse.

Read more on:   
|
|

A scam and a tape recorder

A senior government nominee director appointed to the boards of Ramalinga Raju companies in the aftermath of the Satyam-Maytas scam in 2009 recalled how he had suggested the idea of recording the proceedings of the board on tape. “I had seen an inbuilt tape recording system in one of the public sector companies and suggested to the other nominee directors that even our proceedings should be recorded. But the government directors shot it down.” “Duniya bhar ke baat karni hogi. Tape recorder nahi rahega (We have a lot to talk about. A tape recorder won’t work),” they said by way of an excuse.

A senior government nominee director appointed to the boards of companies in the aftermath of the Satyam-in 2009 recalled how he had suggested the idea of recording the proceedings of the board on tape. “I had seen an inbuilt tape recording system in one of the public sector companies and suggested to the other nominee directors that even our proceedings should be recorded. But the government directors shot it down.” “Duniya bhar ke baat karni hogi. Tape recorder nahi rahega (We have a lot to talk about. A tape recorder won’t work),” they said by way of an excuse.

image

Read More

Frivolous CSR

The government may have mandated that corporations above a certain size spend two per cent of their profits on corporate social responsibility (CSR) ...

Recommended for you

Advertisements

Quick Links

Financial X-Ray Rss icon

TVS Motor: Volumes may come under pressure

If volumes don't grow at estimated 12-15% in FY16, margins won't touch 10% by FY17

Higher import duty on sugar will not sweeten prospects

Sugarcane procurement prices need to be linked with market price of sugar

Back to Top