Sunday, January 11, 2009

Comment Here!!!

Should companies block the hiring of Satyam employees?


9 comments:

  1. Why such poor people be punished as they were not involved in such activities, its done by their seniors. Most of them are family members, who really did not know anything out of their tasks.

    I personally request all my fellow colleagues here, if anybody is from Satyam is coming to us for any help, lets help them.
    Let us remember we all are also simple wage earners , any day the same thing can happen with us!

    ReplyDelete
  2. Nicely said,

    Some time back we had a very long discussion on Ethics and unethical
    practices. It's a known fact that some of the corporates are known
    for "fraud" in the eyes of the common man but to them are maximising
    the value of the organisation which helps the stakeholders in their
    wealth creation. The stake holders are after increasing the value
    of their perceived wealth not the real wealth.

    In this long race for wealth creation the people who are supposed to
    run the organizations ethically and honestly succumbs to pressure
    and indulges in all unethical practices. There are lot of top
    professionals associated with these organizations but fail to stand
    up to the unethical practices instead they also fall prey to the
    temptations since they also get to share the kitty.

    The Sathyam fiasco reminds me of the Movie "Corporate" which was
    released couple of years back. In the movie also top executives were
    used by the CEO to make unlawful gains but at the end the top
    executive has been dumped. Here in this case Sathyam CEO got caught
    may be because of some top official who refused to bend with
    pressure and have exposed him. Just assumptions, since anything is
    possible in the corporate world.

    But we HR professionals can facilitate the good governance by
    conceptualizing, designing and implementing robust systems and
    practices for ethical governance. The organizational whistle blowing
    system also could effectively contribute to these situations. The
    administrative system of the different states could bring in
    stringent laws such as time bound investigation and severe
    punishment and also revamping the External Audit System itself to
    prevent these kinds of fraudulent practices. Hope to hear from you
    all.

    Compiled by pooja.
    I absolutely agree with this.
    Thanks aryan, you have taken good step to help such ppl.

    ReplyDelete
  3. agree with suketu!

    ReplyDelete
  4. we should help them. after all they also human beings and they were not the part of game!

    ReplyDelete
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