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Corporarate governance

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Published in: Business, Economy & Finance

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  • 1. B.Ravikiran Balakrishna Rubina 1
  • 2. Corporate Governance Definition Objectives Key constituents Other Main Constituents Organizational Frame Work Committees Benefits Limitations Suggestions and Opinions 2
  • 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. Objectives Adequate disclosures Effective decision making Transparency Statutory and legal compliances  Protection of shareholder Interests Commitment Accountability and responsibility 4
  • 5. Key constituents Board of directors Shareholders Management 5
  • 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. Contd…. Financial And Objectives Reporting Monitoring Board Performances Audit Committee Business And Community Obligations Risk Management 7
  • 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. 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. Limitations Beyond the realm of law Need for evolution of new systems of corporate governance 10
  • 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