Not So Ethical ?

Just came across this interest poll in livemint. In short this poll is a result of the Satyam mess and say, to quote:

Companies in the Reliance-Anil Dhirubhai Ambani Group (R-Adag) were among the laggards in a snap poll conducted by Mint on Thursday to judge how fund managers, stock brokers and market analysts assessed corporate governance standards in the 50 companies that comprise Nifty, the main index of the National Stock Exchange. The 20 respondents were asked to judge companies and corporate groups on three criteria: who sits on their board of directors, the perceived quality of corporate governance and ethics. This was a day after the accounting scandal at Satyam Computer Services Ltd was made public.
Also rated poorly by the respondents were Delhi-based real estate companies DLF Ltd and Unitech Ltd, which were seen to have too many cash dealings which were opaque in nature.

Makes for interesting reading. It upto you how much you agree with it. The small sample size makes it a not so reliable poll but the general idea is that corporate governance is going to be under scrutiny the next few quarters.

What does this hold for us? For one, the result will be more subdued. You will not see any spectacular news, which is likely to put a company under focus.

This, factored with the already unstable and jittery financial markets does not bode well for the short term.