Corporate Governance Failure in India:Case Study of Satyam and Reebok

Corporate governance is concerned with holding the balance between economic and social goals and between individual and communal goals. This paper highlights the areas of Corporate Governance, social responsibility of business and Corporate accountability towards their stakeholders, which have not been fulfilled by some major companies. The research mainly focuses on the corporate governance failure companies in India and everyone should be able to understand what happened at Satyam and Reebok, we need to look into the basic functioning of companies. The pertinent question here is how were these companies able to falsify their assets to such a proportion without the knowledge of anyone within their organizations? In the present paper we analyses the causes and downfalls of the scams in detail and suggestions for improvement in corporate governance. Secondary data has been collected through different mediums for the better understanding of corporate governance failure and recommendations given for further research in the same area.