Should the gatekeepers of a firm be hired and paid by the very firm they are to watch over? A new study evaluates the common belief that there is a fundamental conflict of interest in the hiring and firing of auditors by clients. Across the world, it is common for auditors to be hired and paid by clients. The same is …Read More »
In this paper, Ram Nidumolu, CEO of Innovastrat, USA, and Professor Sanjay Kallapur of the Indian School of Business, argue it is possible to treat CSR strategically while also complying with the new CSR provisions in the Indian Companies Act 2013. Without this strategic approach, CSR becomes only a compliance activity that may end up achieving neither corporate nor social …Read More »
In this introductory essay, Sanjay Kallapur, Professor of Accounting at the Indian School of Business, places recent legislation and reform in corporate governance in India against the backdrop of international regulatory frameworks and relevant research studies. The Companies Act 2013 has gone a long way in improving the enforcement regime for breach of faith on the part of company management …Read More »
The Indian School of Business (ISB) recently signed a memorandum of understanding with the Indian Institute of Corporate Affairs (IICA) to provide expertise on corporate affairs matters. In this interview, Professor Sanjay Kallapur speaks to Professor Asish K Bhattacharyya of the School of Corporate Governance and Public Policy at the IICA about the IICA’s role in light of the new …Read More »
In his response to Professor Phanish Puranam’s article, Professor Sanjay Kallapur explains his support for separate academic and sophisticated practitioner PhD tracks, elaborates on the potential for technology to reduce the costs of doctoral education and identifies problems that may arise from the two-track system. The picture that Professor Phanish Puranam paints about the crisis in doctoral education in India is real. I …Read More »
Deepak Parekh, Chairman of HDFC, was appointed to the Satyam Computer Services Board after its promoter confessed to fraud early this year. In an interview with Sanjay Kallapur, Associate Dean for Faculty Development and Professor of Accounting at the Indian School of Business (ISB), he talks about lessons from the Satyam scandal, the challenge of crisis management, the role of …Read More »
Auditor’s Independence – The India Story: Can Auditors be Truly Independent? Who Will Police the Policeman?
The very purpose of statutory audit is to independently protect the interests of the shareholders, and for this purpose auditors have access to any and all information that they may require from the company. But can auditors be truly independent? Several issues affecting the independence of auditors are examined in the following article, based on a research paper* by Professor Sanjay …Read More »