Scenario B: Corporate fraud, financial book-cooking, insider trading whistleblowing

What do you understand by ‘moral integrity’ and ‘professional moral integrity and efficiency in the context of corporate governance in India? Illustrate with suitable examples.

3) Examine the ethical dilemma involved in the case. Prabhat was working as Vice President (Marketing) at Sterling Electric Ltd., a reputed multinational company. But presently the company was passing through the difficult times as the sales were continuously showing downward trend in the last two quarters. His division, which hitherto had been a major revenue contributor to the company’s financial health, was now desperately trying to procure some big government order for them. But their best efforts did not yield any positive success or breakthrough. His was a professional company and his local bosses were under Corporate Espionage pressure from their London-based HO to show some positive vs Family Financial results. In the last performance review meeting taken by the Executive Director (India Head), he was reprimanded for his poor performance. He assured them that his division is working on a special contract from the Ministry of Defence for a secret installation near Gwalior and tender is being submitted shortly. He was under extreme pressure and he was deeply perturbed. What aggravated the situation further was a warning from the top that if the deal is not clinched in favour of the company, his division might have to be closed and he may have to quit his lucrative job.

In the light of the Satyam Scandal (2009), discuss the changes brought in corporate governance to ensure transparency, accountability.