The document compares the management styles and corporate governance practices of two construction business owners, Mr. Varpa and Mr. Soni, finding that Mr. Varpa exhibited poor leadership, centralized decision-making, and lacked transparency and commitment to employees, while Mr. Soni demonstrated good governance through decentralized management, merit-based promotions, and financial disclosure.
The following presentation takes you through the Corporate Governance norms as prescribed by SEBI with a bit of detail into some major Corporate governance scams in INDIA
Corporate Governance under the Provisions of the Companies Act, 2013ijtsrd
Corporate Governance is the set of policies that are created for deciding a companys performance and direction. It is an overview of rules and regulations for the executives of an incorporated firm. They are the ones who agree to take responsibility towards the shareholders. Corporate governance is a broad term in todays business environment. Corporate governance has become a widely-discussed subject and a very important consideration for investors around the world. Investors and governments have started demanding better governance practices from all companies particularly after the wide publicity over corporate scandals such as Enron, Parmalat, Xerox, World Com, Satyam and many others during early parts of this century. The legal outfits of corporate governance can be customized to fit the meticulous choice of each wearer. The paper will discuss the corporate governance under Companies Act, 2013 in theoretical perspective. In addition, it will explain why it is important for any country to follow good corporate governance practices. It discusses on Board composition and Independence, Committees, Disclosures by Directors, Code of Conduct, Role of Independent Directors, Auditors, Duties of Board of Directors, Related Party Transactions, Disclosures in Annual Report, Corporate Social Responsibility etc. The paper gives overall view of the Corporate Governance requirements under Companies act, 2013. CS S Raja Babu"Corporate Governance under the Provisions of the Companies Act, 2013" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-1 , December 2017, URL: http://www.ijtsrd.com/papers/ijtsrd5972.pdf http://www.ijtsrd.com/management/law-and-management/5972/corporate-governance-under-the-provisions-of--the-companies-act-2013/cs-s-raja-babu
Corporate governance is "the system by which companies are
directed and controlled". It involves regulatory and market
mechanisms, and the roles and relationships between a
company’s management, its board, its shareholders and other
stakeholders, and the goals for which the corporation is
governed. In contemporary business corporations, the main
external stakeholder groups are shareholders, debt holders,
trade creditors, suppliers, customers and communities affected
by the corporation's activities. Internal stakeholders are the
board of directors, executives, and other employees.
The following presentation takes you through the Corporate Governance norms as prescribed by SEBI with a bit of detail into some major Corporate governance scams in INDIA
Corporate Governance under the Provisions of the Companies Act, 2013ijtsrd
Corporate Governance is the set of policies that are created for deciding a companys performance and direction. It is an overview of rules and regulations for the executives of an incorporated firm. They are the ones who agree to take responsibility towards the shareholders. Corporate governance is a broad term in todays business environment. Corporate governance has become a widely-discussed subject and a very important consideration for investors around the world. Investors and governments have started demanding better governance practices from all companies particularly after the wide publicity over corporate scandals such as Enron, Parmalat, Xerox, World Com, Satyam and many others during early parts of this century. The legal outfits of corporate governance can be customized to fit the meticulous choice of each wearer. The paper will discuss the corporate governance under Companies Act, 2013 in theoretical perspective. In addition, it will explain why it is important for any country to follow good corporate governance practices. It discusses on Board composition and Independence, Committees, Disclosures by Directors, Code of Conduct, Role of Independent Directors, Auditors, Duties of Board of Directors, Related Party Transactions, Disclosures in Annual Report, Corporate Social Responsibility etc. The paper gives overall view of the Corporate Governance requirements under Companies act, 2013. CS S Raja Babu"Corporate Governance under the Provisions of the Companies Act, 2013" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-1 , December 2017, URL: http://www.ijtsrd.com/papers/ijtsrd5972.pdf http://www.ijtsrd.com/management/law-and-management/5972/corporate-governance-under-the-provisions-of--the-companies-act-2013/cs-s-raja-babu
Corporate governance is "the system by which companies are
directed and controlled". It involves regulatory and market
mechanisms, and the roles and relationships between a
company’s management, its board, its shareholders and other
stakeholders, and the goals for which the corporation is
governed. In contemporary business corporations, the main
external stakeholder groups are shareholders, debt holders,
trade creditors, suppliers, customers and communities affected
by the corporation's activities. Internal stakeholders are the
board of directors, executives, and other employees.
This presentation is about stock exchange.Stock exchange is an organisation and body of individuals whether incorporated or not established for the purpose of assisting,regulating,and controlling of business in buying ,selling and designing securities
Corporate Governance of Capital Market of BangladeshIOSR Journals
This paper outlines the conceptual, contextual and disciplinary scope of the rapidly evolving area of corporate governance of capital market of Bangladesh. As a basis for improving the rigor of research and analysis, some definitions, principles, theories and legal frame work of corporate governance are examined. This study also investigates the extent to which the capital market of Bangladesh comply with the corporate governance guidelines of Securities and Exchange Commission Bangladesh(SECB) and it also indicates that only sound corporate governance practices are the foundation upon which the trust of investors(stakeholders, banks, and non bank financial institutions) and other stakeholders is founded.
Introduction to Corporate Governance Sep 17 2011Demir Yener
Introductory remarks on good corporate governance practices and implications on board performance and rights and responsibilities for Mongolian directors.
This presentation is about stock exchange.Stock exchange is an organisation and body of individuals whether incorporated or not established for the purpose of assisting,regulating,and controlling of business in buying ,selling and designing securities
Corporate Governance of Capital Market of BangladeshIOSR Journals
This paper outlines the conceptual, contextual and disciplinary scope of the rapidly evolving area of corporate governance of capital market of Bangladesh. As a basis for improving the rigor of research and analysis, some definitions, principles, theories and legal frame work of corporate governance are examined. This study also investigates the extent to which the capital market of Bangladesh comply with the corporate governance guidelines of Securities and Exchange Commission Bangladesh(SECB) and it also indicates that only sound corporate governance practices are the foundation upon which the trust of investors(stakeholders, banks, and non bank financial institutions) and other stakeholders is founded.
Introduction to Corporate Governance Sep 17 2011Demir Yener
Introductory remarks on good corporate governance practices and implications on board performance and rights and responsibilities for Mongolian directors.
Corporate Governance: Introduction and Meaningrepallegiddaiah
Meaning
Role of Auditors
Role of Board of Directors
Role of Shareholders
Transparency and Disclosure
Corporate Governace Code
Corporate Issues and Need
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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Any good business require corporate governance ppt
1. Shailesh Sharma 45.
Rhutu 43.
Sunny Soni 48.
Dashank 46.
Sanket Shah 44.
Karan soni 47.
2. I thank to my prof. Mr.Abhik Mukherjee who
has assigned me this topic which has helped
me in gaining the knowledge regarding the
importance of corporate governance in the
corporate.
My family members for guiding me, our
college librarian for finding the books on
corporate governance, my friend Karan for
providing valuable information on our topic .
My nanaji &bade-papa for making the topic
familiar to me.
3. Corporate governance refers to the set of
systems, principles and processes by which a
company is governed.
They provide the guidelines as to how the
company can be directed or controlled so to
achieve its goals.
Beneficial for all stakeholders in the long term.
Stakeholders in this case would include
everyone ranging from the board of directors,
management, shareholders to customers,
employees and society.
4. Unlike South-East and East Asia, the corporate governance initiative in India was
not triggered by any serious nationwide financial, banking and economic
collapse
The initiative in India was initially driven by an industry association, the
Confederation of Indian Industry
In December 1995, CII set up a task force to design a voluntary code of
corporate governance.
The final draft of this code was widely circulated in 1997.
In April 1998, the code was released. It was called Desirable Corporate
Governance: A Code.
Between 1998 and 2000, over 25 leading companies voluntarily followed the
code: Bajaj Auto, Hindalco, Infosys, Dr. Reddy’s Laboratories, Nicholas
Piramal, Bharat Forge, BSES, HDFC, ICICI and many others
5. Following CII’s initiative, the Securities and Exchange Board of India (SEBI) set up a
committee under Kumar Mangalam Birla to design a mandatory-cum-recommendatory
code for listed companies
The Birla Committee Report was approved by SEBI in December 2000
Became mandatory for listed companies through the listing agreement, and
implemented according to a rollout plan:
2000-01: All Group A companies of the BSE or those in the S&P CNX Nifty index…
80% of market cap.
2001-02: All companies with paid-up capital of Rs.100 million or more or net worth
of Rs.250 million or more.
2002-03: All companies with paid-up capital of Rs.30 million or more
6. I. Unethical business practices:- Security Scams
II. Impact of Globalization:- Foreign investors
expectation, Integration with Foreign market.
III. Impact of privatization:- New Structure of
Ownership, MNC’s.
7. Fare Disclosures
Stakeholders, Public Satisfaction.
Ethical Standard.
Justice to employees.
Avoiding Frauds.
8. Our corporate governance philosophy is based on the following
principles:
Satisfy the spirit of the law and not just the letter of the law.
Corporate governance standards should go beyond the law
Be transparent and maintain a high degree of disclosure levels.
When in doubt, disclose
Make a clear distinction between personal conveniences and
corporate resources
Communicate externally, in a truthful manner, about how the
Company is run internally
Comply with the laws in all the countries in which we operate
Have a simple and transparent corporate structure driven solely
by business needs
Management is the trustee of the shareholders' capital and not the
owner.
9. CII Code of desirable corporate governance.
Kumar Manglam Birla Committee(2000).
RBI Report of the Advisory Group on
Corporate Governance(2001).
Naresh Chandra Committee(2002).
N.R. Narayan Murthy Committee(2003).
J.J. Irani Committee(2005)
11. Satyam was founded by Mr. Ramalingam Raju
on 24th June 1987.
Fourth Largest IT Company.
Networks spanned World Wide.
12. 1987- Satyam Computers pvt ltd born.
1991-1st fortune 500 clients
-Converted into public ltd co.
1994- Allies with Dun & Bradstreet corp.
2002-CNBC’s Asian Business Leader-Corporate
Citizen of the year award.
Satyam was the 2008 winner of the coveted
Golden Peacock Award. (Risk Management
and Compliance Issues)
13. Mr.Ramlingam raju.(Former Founder)
B Rama Raju.(Former MD)
V Srinivas(Ex CFO)
S Gopal Krishnan.(Auditor-Price water House).
Independent Directors.
14. The Black Day-7th January,2008.
Fraud of 7800 crore rupees.
Profits were inflated.
Understated Liability &Overstated Debts.
Accrued Interest.
Gap in balance sheet.
15. At 9.45am mr.raju faxed the blunder to the Sebi
Chairman, the board of Satyam, BSE and NSE.
Stated about an inflated (non-existent) cash and
bank balance of Rs 5,040 crore.
An over stated debtor position of Rs 490 crore
(as against Rs 2651 reflected in the books)
A fake liability of Rs 1,230 crore.
16. Operating Profit were artificially boosted from
61cr to 649cr.
Interest earning of rs 376cr which was
fictitious.
Stock market slipped by 7% on the day of
revelation.
17. In June 2001, Raju had nearly 23 per cent
shares. By December that year, his share was
down to 22.4 per cent.
By September 2008 Raju's share was just 8.27
per cent.
Vadlamani sold 92,538 shares.
The then CEO Ram Mynampati sold 700,000
shares plus 2,50,000 ADRs.
18. As the promoters share was in single digit so t
the concern was that poor performance would
result in a takeover.
19. Due to this false Accounting figures the BOD
were asking for expansion of the satyam.
SO, mr.raju decided to buy the stake in Maytas
(properties &infra).
As the co. was owned by the sons of raju so he
don’t need of paying the rupees in reality.
Rebellion by investors as the acquisition would
turn software co. into real-estate co.
Acquisition aborted due to Rebellion resulted
for confession.
20. Stocks of 15 Indian Companies Listed on NYSE
fell to $ 2billion in a week.
Satyam's shares fell to 11.50 rupees on January
10, 2009, their lowest level Since March, 1998
compared to a high of 544 rupees in 2008.
In the NYSE, Satyam shares peaked in 2008 at
US$ 29.10; as against $1.80
After the Satyam Fiasco the share price of
around 100 companies fell around 5-15% (as
they were clients of PWC).
21. Employees.
Clients of Satyam.
Bankers
Indian Government.
Indian Companies.
22. Banker Deepak Parekh.
IT expert Kiran Karnik.
Former SEBI member C Achuthan S
Balakrishnan of Life Insurance Corporation.
Tarun Das, chief mentor of the Confederation
of Indian Industry .
T N Manoharan, former President of the
Institute of Chartered Accountants of India.
23. “We've always striven hard for respectability, transparency and to create
an ethical organisation. There are certain expectations that we haven't
fulfilled. But we're also a very young organisation and in areas like track
record of management, we may be low because we're yet to show
longevity.”
- Narayana NR Murthy, Chairman and CEO, Infosys Technologies
Limited (Infosys), 2001.
24. As per the Credit Lyonnais Securities Analysis (CLSA), the corporate
governance ratings of the Software firms are higher than those of other
Indian firms.
Infosys, based in Bangalore, is a publicly held, ISO 9001 certified
company offering information technology consulting & software services.
The software offered include application development, E-Commerce &
Internet Consulting, Software Maintenance.
Respected across the country, with very strong systems, high ethical
values & a nurturing working atmosphere.
Net income of US 1,155 million and revenue of US 4,176 million.
At present having US 20.4 billion market capitalization.
25. Infosys was ranked No. 1 in all the 4 categories
- Best IR website, Best Online Annual Report,
Best Financial Disclosure and Best Corporate
Governance Practices at the 2011 IR Global
Rankings in India.
Infosys is India's best company for corporate
governance: Asiamoney poll.
Infosys Ranked 4th in the 2011 Bliss Leap
Awards.
26. . Infosys was also ranked second in corporate
governance among 495 emerging companies in
a survey conducted by Credit Lyonnais
Securities Asia (CLSA) Emerging Markets.
In 2000, Infosys had been awarded the
“National Award for Excellence in Corporate
Governance” by the Government of India.
27. Audit committee comprises five independent
directors :
Deepak M. Satwalekar, Chairperson
Prof. Marti G. Subrahmanyam
Sridar A. Iyengar
K. V. Kamath
R. Seshasayee
4 meetings were held (2010-2011) out of which
only Mr. kamath attended only 3 meeting.
28. The majority of the board members (8 out of
14) are independent.
Further, we have audit, compensation, investor
grievance, nominations and risk management
committees, which comprise only independent
directors.
ICRA assigned 'CGR 1' rating to our corporate
governance practices.
29. The closing Price was 2329.95 as on 14th august.
share price in us$
Share price in us$
30.
31. Mr. Varpa was indulge in construction business.
He was unfaithful towards his employees dealers etc.
Lacked leadership quality.
Centralized management.
Dictatorship style of functioning.
Deteriotic working condition.
Less pay scale.
Cheap construction quality
No value for commitment
Biased promotion.
Lack of professionalism.
Non- financial disclosure.
32. Mr.Soni was also indulge in construction business.
Mr.Soni was opposite to Mr.Varpa i.e.
He has leadership quality
De-centralized management.
Professional team of engineers.
Participative decision making.
Supportive nature.
Better working condition.
Dedicated towards commitment.
Merit based promotions.
Good relations with dealers.
Financial disclosures.
33. MR.VARPA MR.SONI
Lack goodwill. Has goodwill.
Inconvenient in raising Funds available easily.
funds.
More credit from
Less credit from suppliers. suppliers.
Less sales.
More sales.
Less turnover results in
less profit. More sales results in
more turnover.
No rewards/hike in pay,
instead cost-cutting. Rewards hike in pay,
promotion etc.