Corporarate governance

364 views
252 views

Published on

Published in: Business, Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
364
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
10
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Corporarate governance

  1. 1. B.Ravikiran Balakrishna Rubina 1
  2. 2. Corporate Governance Definition Objectives Key constituents Other Main Constituents Organizational Frame Work Committees Benefits Limitations Suggestions and Opinions 2
  3. 3. Definition A set of systems, processes, principles which ensure that a company is governed in the best interest of all stakeholders Good corporate governance=good business 3
  4. 4. Objectives Adequate disclosures Effective decision making Transparency Statutory and legal compliances  Protection of shareholder Interests Commitment Accountability and responsibility 4
  5. 5. Key constituents Board of directors Shareholders Management 5
  6. 6. Other main constituents Role And Powers Of Board Legislation Code Of Conduct Board Independence Board Skills Management Environment Board Appointments Board Inductions And Training Board Meetings 6
  7. 7. Contd…. Financial And Objectives Reporting Monitoring Board Performances Audit Committee Business And Community Obligations Risk Management 7
  8. 8. Governing Authority Ministry of Corporate Affairs (MCA) Naresh chandra committee (2002) Securities Exchange Board of India (SEBI) Kumaramangalam Birla committee report- clause 49 of the listing agreement N.R.Narayana murthy and committee- to review clause 49 Financial and non-financial disclosures Independent auditing board 8
  9. 9. Benefits Industrial Economy Country’s Economy Confidence Of Investors-foreign And Domestic Retainment Of Best Human Capital Stable Sources Of Financing Stability And Growth To The Enterprise Fairness With Stakeholders Increases Operational Performance Of A Company Strategic Thinking Monitoring Of Risk Factors Limiting Liabilities Integrity Of Financial Reports 9
  10. 10. Limitations Beyond the realm of law Need for evolution of new systems of corporate governance 10
  11. 11. Suggestions and Opinions Quality Audit Accountability Of CEOs And CFOs Quality And Effective Legal, Administrative And Regulatory Frame Work Compliance With Code, Principles And Requirements Financial And Non-financial Disclosures Transparency In Administration 11
  12. 12. 12

×