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Corporate governance

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Ahmad Siddiqui

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Corporate governance

  1. 1. Shivalik Institute Of Management Education & research Presentation on Corporate Governance Ahmad Siddiqui
  2. 2. Meaning <ul><li>Corporate governance is the set of processes, customs, policies, laws, and institutions affecting the way a corporation (or company) is directed, administered or controlled. </li></ul><ul><li>Corporate governance also includes the relationships among the many stakeholders  involved and the goals for which the corporation is governed. </li></ul><ul><li>Corporate governance is a multi-faceted subject . </li></ul>
  3. 4. <ul><li>The positive effect of corporate governance on different stakeholders ultimately is a strengthened economy, and hence good corporate governance is a tool for socio-economic development. </li></ul>
  4. 5. Principles <ul><li>Rights and equitable treatment of shareholders. </li></ul><ul><li>Interests of other stakeholders. </li></ul><ul><li>Role and responsibilities of the board. </li></ul><ul><li>Integrity and ethical behaviour. </li></ul><ul><li>Disclosure and transparency. </li></ul>
  5. 6. Issues Involving C G Principles <ul><li>internal controls and internal auditors. </li></ul><ul><li>oversight and management of risk. </li></ul><ul><li>the resources made available to directors in carrying out their duties. </li></ul><ul><li>the way in which individuals are nominated for positions on the board. </li></ul>
  6. 7. Mechanisms and controls <ul><li>To reduce the inefficiencies that arise from moral hazard and adverse selection. </li></ul>
  7. 8. Internal corporate governance controls <ul><li>Monitoring by the board of directors. </li></ul><ul><li>Internal control procedures and internal auditors. </li></ul><ul><li>Balance of power. </li></ul><ul><li>Remuneration. </li></ul>
  8. 9. Systemic problems of corporate governance <ul><li>Demand for information. </li></ul><ul><li>Monitoring costs. </li></ul><ul><li>Supply of accounting information. </li></ul>

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