Challenges of Corporate govrnance

2. Group Members
• Deepika Wilson
• Jovita Sambyal
• Lavita Lasrado
• Stephy Sol Verghese
• Rodney David-05

3. Challenges
To achieve excellence in Corporate
Governance
To permanently meet the mix of
 strict legal regulations
 regulatory requirements
 softer best practice guidelines
Global applicability versus compliance with
local jurisdiction

4. Conflicting rules in a transborder environment
 Timely implementation of best Corporate
Governance throughout the Group
 Consistency in internal rules and regulations
 Internal controls and documentation
 Education and Training

5. Dominations and monopoly of family firms.
High level of corruption, become visible only
after a revelation of big financial scam.
Weak and non-transparent monitoring system
Lack of respect for shareholders and low
financial disclosure

7. Shareholder structure
Revenue risk
Track record
Lack of options
Tone at the top

14. Outlook
More transparency
 Enhancement of shareholder rights
 Focus on conflicts of interests
 Tightening of independence standards
 Professionalism
 Rating

15. Overall Context of Corporate
Governance
Educating the unethical
 Impossible to legislate credibility
 Transparent principles not just strict rules
 Spirit not just the letter
 Substance not just form
 Top representatives as role models

16. Recommendations
Value based corporate culture
Holistic view
Compliance with law
Disclosure, Transparency and Accountability
Human Resource Management
Innovation
Necessity of Judicial Reform