My father was once the unit head in a small town, with only one stationery shop, and he bought some ball pen cartridges without getting at least three quotes.
The audit people objected, so he sent them a letter saying cost to send a Jeep, with driver and accounts man to next town 60 km away was so much, and he had saved money by buying local, and he said please deduct what you feel has been overpaid from my salary.
That was the end of the matter, the cartridges were 100 odd Rupees, the cost to get quotes was above 500, and after approval, somebody would have to go get them....
So, from childhood, I think accountants (and lawyers) should be advisors, not the final decision makers, they tend to make a mess in the long term, and many change jobs and get promoted before the dirty stuff hits the fan where they work.
Ultimately it is not their loss.
Stock options are not on the menu in India until 20 years of service in most companies, except for IT / start ups, or before initial offers to market. So that at least does not affect people's thinking.