Corporate awards have lost their credibility in my eyes after the Satyam fiasco. For instance, just before Mr. Raju from Satyam brought to light the fraud that he along with the company promoters were perpetrating for years, they were awarded the Golden Peacock Award for Corporate Governance for 2008! I wonder what scrutiny the jury on this panel indulged in, if at all, to arrive at the winners from the list of nominees. I am sure same is the case with the other such awards. Enron and the other corporate giants that were hit with similar scandals would probably have received plenty such awards before they were exposed.
In my opinion, we should award companies like Satyam with a "Make" award. They successfully made fools of investors, customers and employees for several years. They were able to construct, formulate, manufacture, cook and put together a false enterprise in the public domain, in spite of all the checks and balances put in to stop just this kind of fraud. How many more years could they have carried on had they not confessed to it? Who knows?! They definitely deserve an award for keeping the fraud going year on year. The "Make" award would recognize an organization which successfully makes (a fool of) the system and its stakeholders. Successive awards would carry more weightage because that would mean the organization is really maturing at "making" their stakeholders and the world at large!
Alas, someone has beaten me to it. The "Make" award already exists for the corporate world! The meaning of the award and the reason it is awarded though is different. Search for it on the web! Now I'll have to hunt for another name for my award! J
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