this slide describes corporate governance practice of a specific grarment (ananta group)

1. WELCOME
FROM
INDEX

2. PREPARED BY
• RUPA ADHIKARY (1766)
SAFA TAMSEEL (1771)
MD. NAZRUL ISLAM (1792)
MD. MOHIUDDIN KHAN (1806)
SIBAT HOSSAIN (2537)

3. Ananta Group
Establishment 1992
What is Ananta group ? Appearel solution provider (readymade wooven
,leathery goods)
Total employees 17000 (male female 42:58)
clients who trust ananta group Gap, Lcwakiki, H & M, George, next, Joe, Walmart etc
Their offices Total 3. Dhaka,Chittagong and texas (USA)
Annual turnover 120 million USD
Their sister concerns are: 1. Ananta Garments Ltd., Ashulia
2. Ananta Sportswear Ltd., Ashulia
3. Ananta Jeanswear Ltd., Tongi
4. Paradise Washing Plant Ltd., Tongi
5. Ananta Leather Collections Ltd., Tejgaon
6. Ananta Overseas (Bimpex Limited Inc.), Texas

4. Theory they use
Basically Ananta group focuses on all parties like BODs,
shareholders, managers, workers, customers etc. And he
also has some-
1. Ethics of care
2. Ethics of relationship
3. Theory of property rights
4. Theory of he all parties as investors
So from those observation we can say that he use
Stakeholder Theory. Only Stakeholder theory is
grounded with those theoretical perspective.

5. CG outcomes
CG
system
Internal environment
External environment
Indian model

6. Board of Directors

7. Qualities of Board of Directors
Skill Experience Attributes

8. Audit
Internal audit: ANANTA
group launch their internal
auditing
program in 12th November
2015.
AUDIT
External audit: The auditors
review the interim report for
the period January 1 to June
30 and shows annual report to
the shareholders.

9. Shareholder,
Manager
&
Stakeholder
ANANTA group

10. Shareholders
Shareholders are those who purchase stock from a company &
become shareholders. The legal owner of business organization.
1. Voting power
2. Ownership in a Portion of the
Company
3. Right to transfer ownership
4. An Entitlement to Dividends
5. Opportunity to Inspect Books and
Records
6. The Right to Sue for Wrongful Acts

11. Manager
Manager is a person responsible for controlling or administering
all or part of a company or similar organization.
1. Line manager (Line
supervisor)
2. Production Manager
3. Technical Manager
4. Cutting Manager
5. Warehouse (stock) Manager
6. Quality Manager

12. Tasks of a Quality Manager
i. Ensure quality in all aspects
ii. Employ QA to check garments
iii. Conduct internal audits
iv. Ensure only quality trims are used in production
v. correct tagging and packing requirement
vi. Meet with buyer & understand about quality.
vii. Implement quality systems in each department.

13. Stakeholders
Stakeholders are all of the different people who have some
form of involvement or interest in the business.
Two types of stakeholders are found in ANATA group.
i. Primary Stakeholders:
1. Shareholders
2. Boards of Directors/ Managing Boards
3. Executive Management

14. Stakeholders cont.
ii. Other Stakeholders :
 Managers
 Employees
 Customers
 Community at Large
 Suppliers
 Financial Institutions
 Creditors
 Environment in general

15. Corporate Governance Chain: Ensuring Report and Actions among the actors of
companies like Beneficiaries, Managers, Board and etc.
Actors
Lenders
Investors
Employees
SuppliersCustomers
Regulator
Government
Beneficiaries
Trustees Investment Managers Board Executive Directors Senior Executives
Managers

16. Framework of ANANTA GROUP Corporate Governance
• Research
• Analysis
• Media
• Ratings
• Market for Controls
• Shareholder
Meetings and Vote
• Board, Supervision,
Meetings and Vote
• Management
Reporting
• Activism
• Transparency
• Accountability
• Equitable Rights

17. Pillars of Corporate Governance
Pillars of CG
Accountability
Fairness
Transparency
Independence

18. OECD Principles and Practice of ANANTA GROUP
Ensuring the basis for an effective CG framework
The rights of shareholders
The equitable treatment of shareholders
The role of stakeholders including creditors
Disclosure and transparency
The responsibilities of the board

19. Various department
i. Merchandising Department
ii. Accounts Department
iii. Operation Department
iv. HR Department
v. I.C.T Department
vi. Compliance Department
vii. I.S.O Department
viii. Welfare Department
ix. Medical Department
x. Administration Department
xi. CPD
xii. Transport Department
xiii. Security Department
xiv. RAW Department
xv. Technical(Lectra)
xvi. Technical(Wash)
i. Technical(Sample)
ii. Embroidery
iii. Store Department AFL
iv. Store Department A.A.L
v. Maintenance A.A.L
vi. Maintenance A.F.L
vii. Q.A
viii. Quality etc

21. ISO (International Organization for Standardization)
 Formed in 1947 as outcomes of World
war-II. It is situated in Geneva at
Switzerland.
 ANANTA has ISO 9000:2000
certification
 ANANTA follows methodology known
as P-D-C-A approach

22. products

23. Corporate social responsibility
&
Business ethics
of
ANANTA group

24. actors
Collaborate with
GIZ
Marrie stopes
clinic
Mahila
adhidaptar
BGMEA
CWCS CWCH

25. Level of CSR
Social obligation
Social responsibility
Social responsiveness

26. CSR activities
Insurance Blood donation
Eye camp
Relief aid Tree plantation
Women empowerment

27. CSR areas
•Customer
Hint : Design, safety, treatment, info available
•Employee
Hint : Fair wage, healthy working environment, training , EEO
•Society
Hint : Donation
•Environment
Hint : WTP, ETP

28. Pyramid of CSR
Philanthropic
responsibility
Ethical responsibility
Legal responsibility
Economical responsibility

29. Business ethics
Level of ethics
Macro level Corporate level Individual level

30. WTP
Deep machine
Raw water tank
Oxidation tank
Multi-grade filter
Softener tank
Reserve tank
With the help of Paradise washing plant Ltd.
ANANTA also established ETP

31. Smiley chart
Particulars
Management
Board of director
Auditing Transparency
CSR
Overall CG
smiley's

32. WORKSHOP
ON
CORPORATE SCANDAL

33. Local scandal
SONALI BANK OVERVIEW
Established 1972
Type Public Ltd co.
key people Fazle Kabir (Chairman)
Mr. Pradip Kumar Dutta (Managing Director & CEO
Industry Banking
Financial industry
Number of employees 21,839
Net income Tk 2.73 billion (US$ 33.7 million)
Total assets Tk 649.26 billion (US$ 8.01 billion)
Branch 1207

34. Sonali Bank scandal
Branch : Ruposhi Bangla Hotel branch, Sonali Bank
Time : Between 2010
Crime : Illigal loan lent Tk 3,547 & Tk 1492 crore embezzled In a
day with taking 804 LC from hallmark group
Loan provides to : Hallmark Group & five other companies
Hallmark : BDT 2686.14 crore
+ Paragon Group : 146.60 crore
+ T and Brothers : Tk 609.69 crore
+ Nakshi Knit : Tk 66.36 crore
+ DN Sports : ?Tk 33.25 crore &
+ Khanjahan Ali : Tk 4.96 crore
Total = BDT 3547 crore

35. Also prevent Bangladesh Bank audit team
By
political influence
ACC identified 32 officials involvement in that loan scam initially

36. Structural Attribute Lehman Brothers
Type Investment service
Founder
Henry Lahman
Emanuel Lehman
Mayer Lehman
CEO & Chairman : Richard S. Fuld, Jr
Number of board members : 10 members
Number of employees 26,200 (2008)
Independent board members (according to NYSE) : 8 members
International scandal
Lehman Brothers

37. Lehman Brothers
Causes of downfall:
1.bad regulation
2.Transparency
3.Market complacency
Main Players: Lehman Executives and Company’s auditors, Ernst
& Young
Aftermath: Filed for Chapter 11 bankruptcy protection on
September 15, 2008 bank debt of $613 billion, $155 billion in bond
debt, and assets worth $639 billion

38. Controversies
Controversy of executive pay during crisis
Accounting manipulation
Section 363 Sale
According to the World Bank, the economic recession hit USA and the
world at large in three phases
•Phase 2- Post-Lehman global financial market turmoil