This document discusses corporate governance. It defines corporate governance as the processes through which corporations' objectives are set and pursued, and how they are monitored. The key pillars of corporate governance are identified as accountability, transparency, responsibility, and fairness. The elements of corporate governance are also discussed. An introduction to corporate governance in India is provided, along with a table ranking countries based on their corporate governance standards and practices. Recent developments in corporate governance are mentioned, and the document concludes with a summary.

1. CORPORATE GOVERNANCE
PRESENTED BY RAJARAJESWARI 1 ST YEAR MBA

2. CONTENTS
INTRODUCTION
CORPORATE GOVERNANCE – DEFINITION
PILLARS OF CORPORATE GOVERNANCE
ELEMENTS OF CORPORATE GOVERNANCE
CORPORATE GOVERNANCE IN INDIA
RECENT DEVELOPMENT IN CORPORATE GOVERNANCE
CONCLUSION

3. INTRODUCTION
Corporate governance
includes the processes
through which
corporations' objectives
are set and pursued in
the context of the social,
regulatory and market
environment. These
include monitoring the
actions, policies,
practices, and decisions
of corporations, their
agents, and affected
stakeholders. Corporate
governance practices can
be seen as attempts to
align the interests of
stakeholders.

4. DEFINITION
Corporate governance has
also been more narrowly
defined as "a system of law
and sound approaches by
which corporations are
directed and controlled
focusing on the internal and
external corporate structures
with the intention of
monitoring the actions of
management and directors
and thereby, mitigating
agency risks which may stem
from the misdeeds of
corporate officers“.
PHOTO BY POULPY / CC BY-SA 3.0

5. PILLARS OF
CORPORATE
GOVERNANCE
PHOTO BY VALERII TKACHENKO / CC BY 2.0

6. ACCOUNTABILTY
 Ensure that the management is
accountable to the board
 Ensure that the board is
accountable to the
stakeholder
PHOTO BY MARIE-LAN NGUYEN / PUBLIC DOMAIN

7. TRANSPARE
NCY
Ensure timely, accurate
disclosure
on all material matters,
including
the financial situations,
Performance ownership
and
corporate governance
PHOTO BY CNES - SPOT IMAGE / CC BY-SA 3.0

8. RESPONSIBLITY
PHOTO BY SEBASTIAN BERGMANN / CC BY-SA 2.0
Procedure and
structures are in place
so as to minimize, or
avoid completely
conflicts of interest
Responsibility
Directors and Advisers
i.e free from influence
others

9. FAIRNESS
 Protect shareholder rights
 Treat all shareholders
including
minorities, equitably
 Provide effective redress
for
violations

10. ELEMENTS OF
CORPORATE
GOVERNANCE

11. CORPORATE GOVERNANCE IN
INDIA

12. LIST OF
COUNTRY IN
CORPORATE
GOVERNANC
E
PHOTO BY JOE DESOUSA / CC BY 2.0
Rank Country Companies
Average overall rating
1 United Kingdom 395
7.60
2 Canada 132 7.36
3 Ireland 421 7.21
4 United States 1,761
7.16
5 New Zealand 100
6.70
6 Australia 194 6.65
7 Netherlands 30
6.45
8 Finland 28 6.38
9 South Africa 43
6.09
10 Sweden 40 5.88
11 Switzerland 51
5.86
12 Germany 79 5.80
13 Austria 22 5.77
14 Italy 52 5.25
15 Poland 14 5.11
16 Norway 26 4.90
17 Singapore 52 4.82
18 Denmark 24 4.79
19 France 100 4.70
20 India 56 4.54
21 Belgium 24 4.35
22 Greece 24 4.25
23 Malaysia 28 4.21
24 Thailand 15 4.20
25 Portugal 11 4.14
26 Hong Kong 72 4.06
27 Spain43 3.97

13. RECENT DEVELOPMENT IN
CORPORATE GOVERANCE
PHOTO CC BY 2.0

14. CONCLUSION
PHOTO BY DAVID MONNIAUX / CC BY-SA 3.0