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Should companies block the hiring of Satyam employees?
posted by Paresh @ 12:44 PM
Sunday, January 11, 2009
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8 Comments:
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!
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.
agree with suketu!
we should help them. after all they also human beings and they were not the part of game!
agreed to Suketu
yup...
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