From his faculty page from HBS, emphasis added by me:
Meh.
In the area of corporate governance, Professor Palepu's work focuses on how to make corporate boards more effective, and on improving corporate disclosure. Professor Palepu teaches these topics in several HBS executive education programs aimed at members of corporate boards: "Making Corporate Boards More Effective," "Audit Committees in a New Era of Governance," and "Compensation Committees: New Challenges, New Solutions." He also co-led Harvard Business School's Corporate Governance, Leadership, and Values initiative, launched in response to the recent wave of corporate scandals and governance failures.
GG
ReplyDeleteThere is no doubt Satyam hired a highly competent person-and thats perhaps thats why Dr Palepu was paid 90lacs fees last year :-)!
Maybe Dr Palepu was focussing on what we call in statistics..a type II error ( eg We select when we cannot reject :)!!
Its totally another matter that as an independent director he should not be having any pecuniary gains!! But you can be sure he is learning fast-as he is now reportedly wary of continuing on Dr Reddy Labs board.