Corporate Governance fiasco at ISB could make it a case study; Are more skeletons waiting to come out of closet

The Indian School of Business is one of the most prestigious business schools in the world and was established to rival IIM. The business school has renowned and industry leaders on the board of directors, however, some of its executive board members were charged with fraud and forgery.

Recently, Billionaire Galleon Group founder Raj Rajaratnam and five others, were charged by US investigators with an insider-trading case, generating profits of more than $20 million over several years. Among those charged, Anil Kumar, a director at consulting firm McKinsey & Co., is on the executive board of the Indian School of Business (ISB), a premier management institute which was placed second among Asia’s business schools this year. Kumar has sought leave from the board of the Indian School of Business “until he sorts this out,” Dean Ajit Rangnekar said.

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