Rebooting Corporate Governance : Unlearning from failures : From Satyam to IL&FS

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Event Details

Rebooting Corporate Governance : Unlearning from failures : From Satyam to IL&FS - Oct 17, 2019

The Bombay Chamber of Commerce & Industry is organizing series of four Interactive sessions on Rebooting Corporate Governance.  Kindly find the details of the Sessions  Below.
Background :
Both Satyam and IL&FS have been misadventures of their time. While one was a result of inflated bank statements, the Satyam scandal was the largest accounting fraud in the history of corporate India and was called as India's Enron, the other was a result of the repetitive defaults of debt repayments to multiple financial institutions. However, both the failures were a result of a common phenomenon i.e. lack of oversight by the regulatory authorities and board members, auditors, senior management, company’s committees and rating agencies.  These failures have been corrected by the Government stepping in and taking charge of its corporate governance standards. Satyam became a cautionary lesson and the government added teeth to regulatory framework with the new companies act 2013. Even clauses 49 of listing guidelines were improved to promote corporate governance.
Sr. No
Series of 4 Interactive sessions on Rebooting Corporate Governance 
Rebooting Corporate Governance: Criminal Liabilities and Role of Auditors and Independent Directors
29th August, 2019
Rebooting Corporate Governance : Unlearning from failures : From Satyam to IL&FS
17th October, 2019
Rebooting Corporate Governance: Not just the best but the next agenda for Corporate governance 2020
12th December, 2019
Rebooting Corporate Governance: Revisiting role of Independent Directors
7th February, 2020
With IL&FS, government felt that a change in governance and management were required to save the company. Both these cases have proved a curse on the market and the reason is failure of corporate governance. Were there not enough mandates or compliances, which could have prevented these mishaps? Time and again, with these corporate failures coming up, there is pressing need to patch up the gaps in corporate governance. It tells us that governance is no longer a private matter among the board, management and shareholders of the company, but it has public repercussions. A targeted approach is needed to address specific concerns. Concerns are raised against transparency and disclosures mandates, which led to these governance failures. 

Objective :
  •   To understand and discuss Corporate Governance issues encountered by companies and unlearn from failures of companies like Satyam, ILFS and more.

Who Can Attend :
  •   Independent Directors and CXOs, CEOs/CFOs 

  •   Legal, Finance and Accounts heads

  •   Legal Counsels   

  •   Personnel from corporate/industry

  •   Compliance Officers

  •   Company secretary & team members

  •   Members of board & Senior Management

  •   Concerned officers 

  •   Professionals

  •   Anyone interested

Speaker Profile :

Mr. Suhas is the Managing Partner of Legasis Partners, a law firm having offices in Mumbai, Pune, Hyderabad and Delhi. He is also founder Director of Legasis Services Pvt. Ltd. Having worked as in-house counsel with Dabhol Power, Enron, Hindustan Unilever, Essar Group, Fiat and others, and then as Managing Partner of a law firm, Suhas has clear understanding of corporate requirements and lawyers predicaments.

Contact :
Ms. Aneeha Neeraja Rajan  
Tel: 022 61200227
Ms. Shruti Rathod 
Tel: 022 61200268
Participation Fee :   
Members  Rs. 2299 + 18% GST per person
Non-Members  Rs. 2799 + 18% GST per person
Discount 5%  Discount is offered to the organization for nominating 3 or more delegates per session.

Bank Details for NEFT

Account No.




Bank Name

DCB Bank

Branch Address

Mahim (024), Mumbai

Cheque /Demand Draft should be drawn in favor of “BOMBAY CHAMBER OF COMMERCE AND INDUSTRY”.

Bombay Chamber, "The Ruby", 4th floor, 29, Senapati Bapat Marg (Tulsi Pipe Road), Dadar (West), Mumbai - 400028


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