Magnum Opus - Mr.Omkar Goswami on Maytas muddle

Lost balls in the high weeds - that is what one would say about "The People" in Satyam who decided the proposed transfer of $1.6 billion of Satyam’s cash to Maytas and Maytas Infrastructure. It would be a long row to hoe for Mr.Ramalinga Raju and his directors to gracefully come out of this imbroglio and till then they have to be on the carpet.

Those who advocate a good corporate governance by Indian Companies and those who follow Satyam Imbroglio must read the letter written by Mr.Omkar Goswami to Mr.Ramalinga Raju (the link is given below for those who have not read).
http://www.businessworld.in/index.php/Columns/For-Gods-Sake-Go.html

Mr.Omkar Goswami is standing tall by taking the responsibility of salvaging the reputation of Corporate India by writing this letter to Mr.Ramalinga Raju. The letter written with a lot of concern for Corporate Governance and fiduciary responsibility clearly demonstrates the commitment of Mr.Goswami as an advocate of Corporate Governance.

Good corporate governance is not just abiding by law but much beyond and the Satyam Imbroglio is an abject lesson for other Corporate.

Hats off Mr.Omkar Goswami - we are proud of you.

Published for msn.com

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