Monday, March 09, 2009

Not all that glitters is a Golden Peacock: Satyam’s prize for corporate governance

As a film fan I am wary of judging a film by the number of Oscars that it scoops (or not). My scepticism has been confirmed today when I learned that the scandal hit Indian out-sourcing giant Sayam won a Golden Peacock award from the World Council on Corporate Governance.

I think this may devalue Golden Peacocks – not that they had a very high profile before. It’s not the first embarrassed accolade – Enron scooped a prize and praise for its risk management.

No comments: