Mendu Rammohan Rao, dean of the Indian School of Business (ISB) and an independent director on the board of Satyam Computer Services till recently, has quit the prestigious B-school, according to reports.
The Indian School of Business, in Hyderabad, is launching a two-year pre-doctoral programme free of charge for young Indian researchers who want to study for a doctoral degree at a top US or European business school.
The Indian School of Business plans to get accreditation from the American Association of Collegiate Schools of Business as it hopes to increase the number of foreign students, besides focusing on undertaking quality research.
Dean of ISB, M Rammohan Rao on ISB's new programmes, their unique selling proposition, placement programme, their recently launched pre-doctoral programme and dearth of quality faculty crunch faced by Indian management schools.
Satyam Computer Services did not consult Mendu Rammohan Rao, dean of the Indian School of Business and an independent director on the board of India's fourth largest IT services provider, when it called off the deal to acquire Maytas Infra and Maytas Properties following shareholder protests. Rao had chaired the board meeting that endorsed the company's proposal to buy the two firms linked to the family of Satyam's founder and chairman B Ramalinga Raju.
The executive board of the Indian School of Business (ISB) has appointed Ajit Rangnekar as the new Dean of the ISB for a term of five years.
Going by the provisions of the new company law, the responsibility and accountability equation for independent directors has seen a major change.
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Corporate lawyers say the fine on independent directors will make them more cautious and some will be wary of taking assignments from companies with low corporate governance standards.
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