At a time when the accounting fraud continues to haunt Satyam Computer Services,the software exporter will be receiving an award for internal training programme from an American entity.
The American Society for Training and Development (ASTD) will be conferring the award to Satyam for its “Talent Preparation Service”.
“Satyam Computer Services will be presented with an Excellence in Practice Award for its Talent Preparation Service. The awards ceremony will be June 1,2009,in Washington,” ASTD Director (Governance) Carol Chulew said in an emailed statement.
In January,Satyam’s founder B Ramalinga Raju confessed to fudging the company’s account books to the tune of Rs 7,800 crore. Following the confession,the software exporter is being investigated by multiple agencies for the fraud and related issues.
“The Satyam Talent Preparation Service is an onboarding program that greatly decreased time-to-competency for its employees. This program addresses an issue that many companies face,especially with Generation X and Y,” Chulew said.
ASTD is an association dedicated to workplace learning and performance professionals. Its members are from over 100 countries and connects with 12 global partners.
“Excellence in Practice Awards recognise proven practices that meet a demonstrated need,have appropriate design values,are aligned with other performance improvement initiatives,and deliver clear and measurable results for their organisations,” Chulew said.
In the wake of the scam,UK-based World Council for Corporate Governance had on January 12 decided to take back its highest honour — Golden Peacock Global Award for excellence in corporate governance — bestowed on Satyam. The award for 2008 was given to the software exporter in October 2008.