AIMA ICRC Present Workshop on Case Teaching & Writing (Hybrid Mode) | 08-10 December 2022       
Case Competition 2022

DIRECTOR’S CONFLICT OF INTEREST RISE AND FALL OF KARVY STOCK BROKING

Prateek Nanda is a doctoral scholar at IIT Madras, Department of Management Studies.
Corporate Fraud, corporate governance, Conflict of interest

Abstract : The case of Karvy Stock Broking Ltd highlights the importance of agency costs. It explores how the directors and KMP’s can abuse their power and position and commit fraud. The case also fosters use of qualitative aspects of firms such as customer satisfaction, relationship with related parties and lenders.

Learning Objectives

• To highlight the importance of qualitative aspects of company analysis i.e., customer satisfaction, pending litigation, ownership of the company, relationship with related parties and lenders etc.
• To understand and apply financial ratios and understand the nature of entity and its operations.
• To understand how fraud has happened by mis-utilization of PoA, how it can be prevented and how the clients can safeguard their interest.

  • Pub Date:
    23 Nov 2022
  • Source:
    ICRC
  • Discipline:
    Financial Management
  • Product#:
    1791
  • Keywords:
    Corporate Fraud, corporate governance, Conflict of interest
  • Length:
    Pdf : 18 page(s) ,

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