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  • Corporate Governance

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    prernadbms
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    Corporate governance is a process to achieve corporate excellence. It involves establishing relationships and controls between stakeholders like shareholders, managers, and directors to determine a company's strategic direction and performance. The objectives of corporate governance include promoting long-term investment, building trust in the company, improving capital market efficiency, and enhancing service to the real economy. Fundamental principles include ethics, transparency, accountability, fairness, and oversight. Excellence in corporate governance leads to corporate, social, and national excellence.

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    Corporate governance is a process to achieve corporate excellence. It involves establishing relationships and controls between stakeholders like shareholders, managers, and directors to determine a company's strategic direction and performance. The objectives of corporate governance include promoting long-term investment, building trust in the company, improving capital market efficiency, and enhancing service to the real economy. Fundamental principles include ethics, transparency, accountability, fairness, and oversight. Excellence in corporate governance leads to corporate, social, and national excellence.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Scarica in formato PDF, TXT o leggi online su Scribd
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    147 visualizzazioni10 pagine

    Corporate Governance

    Caricato da

    prernadbms
    Corporate governance is a process to achieve corporate excellence. It involves establishing relationships and controls between stakeholders like shareholders, managers, and directors to determine a company's strategic direction and performance. The objectives of corporate governance include promoting long-term investment, building trust in the company, improving capital market efficiency, and enhancing service to the real economy. Fundamental principles include ethics, transparency, accountability, fairness, and oversight. Excellence in corporate governance leads to corporate, social, and national excellence.

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    di 10

    Corporate Governance

    Corporate Governance

    is a process

    to achieve

    Corporate Excellence
    Corporate Governance

    • Started with corporate scams in various countries


    • Failure of BCCI
    • Cadbury Committee
    • Richard Greenbury Committee
    • Securities and Exchange board of India (SEBI) 1999
    • Kumar Mangalam Birla 19 mandatory and 6 non
    mandatory recommendations
    • Separate Clause 49
    • Ganguly Committee
    • Central Government:revised the clause
    Corporate governance
    Corporate governance is
    • a relationship among stakeholders that is used to
    determine and control the strategic direction and
    performance of organizations
    – concerned with identifying ways to ensure
    that strategic decisions are made effectively
    – used in corporations to establish order
    between the firm’s owners and its top-level
    managers
    Corporate Governance:Meaning

    • Maximizing shareholders wealth and expanded to


    maximizing all stakeholders wealth
    • Performance
    • Rights and wishes of stakeholders
    • System by which companies are directed and controlled
    • Wealth generating capacity
    • Ethics ,values and morals of a company and its directors
    Corporate Governance: Meaning

    • Encompassing various issues concerning


    • Senior management
    • Board of directors
    • Shareholders
    • Corporate stakeholders
    Objectives

    • To promote a healthy environment for long term


    investment
    • To create a trust in the corporate and in its abilities
    • To promote business development
    • To improve the efficiency of the capital markets
    • To enhance the effectiveness in the service of the real
    economy
    • To exercise effective control on corporate affairs by the
    board at all times
    Fundamental Principles
    1. Ethics: Should not corrupt organizational culture and
    undermine stakeholders
    2. Transparency: disclose company interest
    3. Accountabilty:responsible to towards seniors
    4. Trusteeship: Acts and protects shareholders
    5. Empowerment: decision making power
    6. Fairness to all stakeholders and participate in the
    structure
    7. Oversight: Change and Risks
    8. External audit: Independent and penetrating
    9. Regulatory regime regulatory regime
    10. Whistle Blower policy
    Corporate Governance

    Corporate Governance
    rests with the
    Vision and Perception
    of the Leadership
    and

    A Leader need to adopt a

    Vision for Corporate Governance


    MODEL
    •• WINNING
    WINNING GROWING
    GROWING
    INVESTORS
    •• EMPLOYEES
    EMPLOYEES INVESTORS

    HAPPY
    DELIGHTED HAPPY
    DELIGHTED SOCIETY
    CUSTOMERS SOCIETY
    CUSTOMERS

    SATISFIED
    TRUSTED SATISFIED
    TRUSTED GOVERNMENT AND
    SUPPLIERS GOVERNMENT AND
    SUPPLIERS REGULATORS
    REGULATORS
    Excellence in Corporate
    Governance
    Excellence in Corporate
    Governance leads to National Excellence
    National Excellence

    Social Excellence

    Corporate Excellence

    Excellence in Corporate Governance

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