* Corporate Governance Scandals

Below you will finds links to web pages that provide information of recent governance failures that resulted in public scandals, listed by the country in which the scandal occurred.

Corporate Governance Scandals

USA:

Stanford scandal:

http://www.ft.com/indepth/stanford-scandal

Bernard Madoff:

How Madoff Escaped Detection: http://www.ft.com/cms/s/2/89542248-9821-11de-8d3d-00144feabdc0.html

http://online.wsj.com/public/page/bernard-madoff.html

http://online.wsj.com/video/inside-the-madoff-scandal-chapter-one/81AB0844-C32E-4BA8-A97F-FE6543BF1AC9.html

Interactive timeline of scandal:

http://www.ft.com/cms/s/0/cc1ceb9e-ebd5-11dd-8838-0000779fd2ac.html

Lehman Brothers:

Court Examiner's Report on the collapse of Lehman Brothers:

http://blogs.wsj.com/deals/2010/03/11/lehman-brothers-heres-a-copy-of-the-court-examiners-report/

The end of Lehman Brothers (FT interactive)
http://www.ft.com/cms/s/0/2c0c5d82-8344-11dd-907e-000077b07658,dwp_uuid=5e34aac4-8ae9-11dd-b634-0000779fd18c.html

http://www.thestreet.com/story/10438276/1/five-dumbest-things-on-wall-street-sept-19.html?puc=_htmlbtb

(Don't be offended by the populistic style. There are some remarkable observations concerning expert judgement of the firm before the collpase, and details about the board that was ultimately responsible for the company's risk management.)

India:

Satyam Computer Services:

http://www.ft.com/cms/s/0/32ea8364-dc85-11dd-a2a9-000077b07658.html

http://www.ft.com/cms/s/0/fbbcf6a4-e1a4-11dd-afa0-0000779fd2ac.html?nclick_check=1

France:

Société Generale:

The Kerviel case explained

http://www.ft.com/cms/s/0/471ae222-3480-11de-940a-00144feabdc0.html

http://www.ft.com/cms/s/0/927fe998-d5b2-11dc-8b56-0000779fd2ac.html