The book is about corporate governance in India in the context of recent mega-corporate frauds and corruption. It strives to discover appropriate governance rules to ensure the sustainability and effectiveness of the institution of corporate bodies, private and public, in India in the context of two mega corruption scandals of 2009, namely, Satyam and Specturam.The author argues that corruption mis-allocates scarce resources from the meritorious to the unworthy, the immoral, the criminal and the powerful. Thus, the author points out, such transactions result in undermining people's trust in the political system and hence causes a decline in the legitimacy of public office.
Born in Mylapore, Chennai, on 15 September 1939, Dr. Swamy holds a Ph.D. in Economics from Harvard University, where he also taught for ten years, and has published famous joint papers on the Theory of Index Numbers with Nobel Laureate Paul A. Samuelson. Dr. Swamy was the President of the Janata Party. Subramanian Swamy is a published author of several books, research papers and journals. He received Distinguished Alumni Award from Hindu College, University of Delhi, in 2012; Hindu Ratna Award from the organization of Hindu Helpline, in 2013; and Tamil Ratna award for the Tamil Sangam of New York. Subramanian Swamy is today nationally known and widely respected for his ideological conviction, for his commitment to furthering democracy and market economy in the country, for his scholarly credentials, and a blemish-free political career. He has been elected to Parliament for five terms and been a Cabinet Minister twice.