Corporarate governance
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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. Thank You 12