Non-Academic Activities
Palepu has been a director of a number of companies around the world. He has been on the board of Brooks Automation, a semi-conductor equipment and materials company since November 2005. He is also a director of BTM Corporation, a management solutions provider focused on converging business with technology. He is a director since 2008 of Partners Harvard Medical International, a non-profit subsidiary of Partners Healthcare Systems, Inc. He currently serves on the board of Exeter Group, a privately held computer software consulting company in Cambridge, Massachusetts. He served on the board of Polymedica, a provider of diabetes testing supplies and products from June 2006 until it was sold in August 2007. He was on the board of Satyam Computer Services from 2003 to 2008. Palepu resigned from the board in 2008. After nine days, in 2009, the company announced that the Chairman had been falsifying financial statements. In July 2010, the SFIO claimed fees that Satyam paid, which were fully disclosed in annual reports and approved by shareholders, allegedly should have gotten prior approval by the Indian government, but Satyam is disputing the contention that Indian government approval was required. PricewaterhouseCoopers audited Satyam and has been charged with numerous violations for its role in giving clean audit reports, as well as withholding information of fraud from the Board. Palepu was a non-executive director of Dr. Reddy's Laboratories from 2002 to 2009. The board expressed appreciation for his contribution to the company. Professor Palepu has a Professional Director Certification from the American College of Corporate Directors.
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