Advanced Corporate Governance Failures: Board Level Complicity in Fraud

Most large Indian frauds were not hidden from the board. They were presented to it, minuted, and approved. This course studies board level failure as a spectrum, from passive oversight through wilful blindness to active collusion, and maps each stage to the liability tests in the Companies Act, 2013 and SEBI's LODR and PFUTP regulations. It works through Satyam, IL&FS, PMC Bank, Yes Bank, DHFL, ICICI Bank and Videocon, Fortis and Gensol Engineering from the boardroom's point of view, then builds the investigator's toolkit: forensic reading of board and committee minutes, director network mapping from MCA21 and exchange filings, resignation and auditor exit signals, and assembling a knowledge and consent evidence file. It closes with audit committee design and an escalation playbook for compliance officers when the board itself is the problem. Written for senior forensic auditors, chief compliance officers and financial crime investigation professionals.