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Try not to become a success but rather try to become a man of value.
-Albert Einstein
PARIDRASHYA
Overview of Corporate Governance
CORPORATE GOVERNANCE
Study of distribution of rights and responsibilities among participants in the corporation..
CG advocates : transparency accountability in the system
What are the factors that build trust? Courage Reliability competency Consistency Integrity Respect Acceptance Fairness Character Openness
ohhIm worried!!!!!
All relationships are trust relationships.. Trust depends upon integrity. Crisis in trust really means crisis in truth
- Shiv Khera, (You Can Win)
The turn of the millennium witnessed mammoth bankruptcies, accounting scandals and obstruction of justice allegations e.g.:
The recent arrest of Bernard L. Madoff, accused of milking thousands of investors Enron, WorldCom, Xerox, Arthur Andersen, Kodak, AIG and Bear Stearns, Lehman
Indias current stand: A lack of trust in regulators following scams unearthed in the Indian stock markets:
More recently, the massive accounting fraud at Indias Satyam Computers Recent tragedy with ICICI bank: Rumor of bankruptcy through cell phone Networks
1. SEBI, to enhance measures of corporate governance excellence in India; which are 2. Adherence to ethical behavior 3. Fulfillment of CSR 4. Honesty is the best policy 5. Respect- give & take relation 6. Follow the global village concept 7. Follow the mool mantra> integrity must be sustained 8. Optimism of value grid 9. Intelligence crockery 10. Social balance sheet 11. Indian management services should be initiated.
Diw ali.exe
Birla group: runs 15 hospitals & 78 schools all over India & provides adult
education & rehabilitates handicapped persons having reached more than 5,000 physically challenged individuals
Bhagavad-Gita extends into the role of business in this society, breaking across the barriers of culture, religion and language drives stakeholder relationships through multiple platforms, transforming their websites, issuing reports and signing up to speak on conference panels. Well-advised multinationals operating on Indian soil like: Ford India and MacD,
For evil to flourish, good people have to do nothing and evil shall flourish.
--Edmund Burke
Concluding reflections
You cant build the character & courage by taking away mans initiative and independence. -Abraham Lincoln.
Contd..
Vishavstata: faith.. implying that mgmt is a trustee of stakeholders. Dharmudh: fair battle..... providing a level playing field to all, thus
ensuring fair competition.
Life is like a ten speed bicycle. Most of us have gear that we never use.- Charles Schultz
Dharma: right path..which well uphold family, org. & social fabric.
A duty which becomes a desire will ultimately become a delight. - George Gritter
Diw ali.exe
Many of the great achievements of the world were accomplished by tired and discouraged men who kept on working.
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