Corporate Governance of Listed Companies
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Corporate governance of listed companies, difference between listed and private companies, difference between listed and public companies, stock exchange, securities and exchange commission, SEC, NYSE requirements, Sarbanes-Oxley Act of 2002
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Corporate governance.
- A corporation is an organization created by shareholders who have ownership. The board of directors oversees management.
- Corporate governance deals with how organizations are directed and controlled. It focuses on internal and external structures to monitor actions of management and directors.
- Good corporate governance objectives include strengthening oversight, ensuring board independence and skills, establishing ethics codes, safeguarding financial reporting, managing risk, and recognizing shareholder needs.
Corporate governance lecture 1
Corporate governance refers to the set of relationships between a company's management, board, shareholders, and other stakeholders. It provides the framework for achieving business objectives while balancing various stakeholder interests through transparency, accountability, and fairness. Good corporate governance encourages efficient use of resources and accountability to improve corporate performance and access to capital. It benefits companies and economies by promoting sustained economic growth and poverty reduction. In Pakistan, corporate governance codes aim to strengthen protections for minority shareholders and require transparency, accountability, and board independence to better safeguard stakeholder interests.
Corporate governance
1) The document discusses corporate governance principles and their relevance and need for urban cooperative banks in India. It outlines the regulatory measures taken to improve governance in cooperative banks and discusses challenges to implementing good governance.
2) Key hurdles to corporate governance in cooperative banks include a lack of understanding of banking principles, connected lending, and politicization.
3) The document recommends various organizational, statutory and sector-wide measures to strengthen governance, such as establishing risk management committees, improving board competency, and encouraging strategic alliances between cooperative banks.
Corporate governance
Meaning, codes, scope, importance and issues in corporate governance, role of the board, disclosure measures and investor protection etc.
Corporate governance
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.
Corporate Governance
If management is about running the business, corporate governance is about seeing that it is run properly. All companies need managing and governing.
corporate governance
Corporate governance refers to the processes, customs, policies, laws, and institutions affecting how a company is directed, administered or controlled. It involves relationships between stakeholders and the goals for which the corporation is governed. According to the Cadbury Committee, corporate governance is defined as the system by which companies are directed and controlled. Key factors that have increased the importance of corporate governance include changing ownership structures, a focus on social responsibility, corporate scandals, and globalization. India has developed strong corporate laws and governance standards since independence.
Corporate governance
The document discusses various definitions and principles of corporate governance, emphasizing that it involves effectively managing relationships between shareholders, managers, and other stakeholders to ensure a company is run in a transparent, ethical, and sustainable manner that benefits all involved. It also outlines expectations of different stakeholders and factors important for good governance like adherence to law, best practices, and social responsibility.
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Corporate governance.
- A corporation is an organization created by shareholders who have ownership. The board of directors oversees management.
- Corporate governance deals with how organizations are directed and controlled. It focuses on internal and external structures to monitor actions of management and directors.
- Good corporate governance objectives include strengthening oversight, ensuring board independence and skills, establishing ethics codes, safeguarding financial reporting, managing risk, and recognizing shareholder needs.
Corporate governance lecture 1
Corporate governance refers to the set of relationships between a company's management, board, shareholders, and other stakeholders. It provides the framework for achieving business objectives while balancing various stakeholder interests through transparency, accountability, and fairness. Good corporate governance encourages efficient use of resources and accountability to improve corporate performance and access to capital. It benefits companies and economies by promoting sustained economic growth and poverty reduction. In Pakistan, corporate governance codes aim to strengthen protections for minority shareholders and require transparency, accountability, and board independence to better safeguard stakeholder interests.
Corporate governance
1) The document discusses corporate governance principles and their relevance and need for urban cooperative banks in India. It outlines the regulatory measures taken to improve governance in cooperative banks and discusses challenges to implementing good governance.
2) Key hurdles to corporate governance in cooperative banks include a lack of understanding of banking principles, connected lending, and politicization.
3) The document recommends various organizational, statutory and sector-wide measures to strengthen governance, such as establishing risk management committees, improving board competency, and encouraging strategic alliances between cooperative banks.
Corporate governance
Meaning, codes, scope, importance and issues in corporate governance, role of the board, disclosure measures and investor protection etc.
Corporate governance
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.
Corporate Governance
If management is about running the business, corporate governance is about seeing that it is run properly. All companies need managing and governing.
corporate governance
Corporate governance refers to the processes, customs, policies, laws, and institutions affecting how a company is directed, administered or controlled. It involves relationships between stakeholders and the goals for which the corporation is governed. According to the Cadbury Committee, corporate governance is defined as the system by which companies are directed and controlled. Key factors that have increased the importance of corporate governance include changing ownership structures, a focus on social responsibility, corporate scandals, and globalization. India has developed strong corporate laws and governance standards since independence.
Corporate governance
The document discusses various definitions and principles of corporate governance, emphasizing that it involves effectively managing relationships between shareholders, managers, and other stakeholders to ensure a company is run in a transparent, ethical, and sustainable manner that benefits all involved. It also outlines expectations of different stakeholders and factors important for good governance like adherence to law, best practices, and social responsibility.
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Corporate governance ppt mba
Corporate governance refers to the structures and processes used to direct and manage companies in the interests of all stakeholders. The basic principles of corporate governance include accountability, transparency, fairness, integrity, responsibility and commitment. Good corporate governance enhances company performance, access to capital, and long-term prosperity while providing barriers against corruption. Both public and private sectors benefit from good corporate governance through better management, resource allocation, and reduced financial risk.
Corporate governance
Corporate governance involves structures and processes that direct and control companies. The main objectives are enhancing shareholder value while considering other stakeholders. Governance oversees ethics and performance, whereas management handles daily operations. Weak governance undermines a company's financial and operational performance and investors' faith. Key elements of good governance include accountability, transparency, regulatory frameworks, business ethics, and administrative structures. The audit committee oversees financial reporting, external auditors, risk management, and internal controls. It helps ensure independence and integrity in financial reporting and auditing.
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The document compares the corporate governance models of Anglo-US, Japanese, and German systems. It discusses the key players, ownership patterns, board composition, regulatory frameworks, disclosure requirements, shareholder approval processes, and interactions among players. The Japanese model emphasizes management, main banks, affiliated companies and government. The German model separates management and supervision functions. Regulatory authority differs, with the US relying on the SEC and stock exchanges while Japan uses government agencies and Germany uses both federal and state laws.
Models of Corporate Governance
The document summarizes three models of corporate governance: the Anglo-US model, Japanese model, and German model.
The Anglo-US model is characterized by dispersed share ownership among individual and institutional investors. Power is balanced among management, directors, and shareholders. The board consists mainly of outsiders.
The Japanese model features concentrated ownership among main banks and affiliated companies. Interaction centers around the main bank. Boards are comprised solely of insiders.
The German model uses a two-tier board structure dividing management and oversight. Banks and corporations are large shareholders. Employees are represented on supervisory boards.
corporate governance theories and practices
This document discusses corporate misgovernance and governance issues in India and other countries. It provides examples of corporate scandals in India like the Harshad Mehta case and preferential allotment scam. Examples from the US like the Worldcom and Enron scandals are also mentioned. Reasons for misgovernance like a closed economy and lack of regulatory frameworks are discussed. The document also covers various corporate governance models and theories. It examines the roles, composition and responsibilities of boards of directors. Benefits of good governance and issues regarding boards, disclosure, and shareholder rights are summarized.
Corporate governance
OBJECTIVES OF CORPORATE GOVERNANCE
● To enhance long term Shareholders value
● To Protect shareholders interest
● To conduct the affairs of the company in a manner that ensure
fairness to customers, employees, investors, vendor. government
etc.
● To Maximize shareholders value
● To build up confidence and increasing the thrust of stakeholders
● To enhance efficiency and effectiveness through fair and transparent means
● To shape the growth and the future capital market
● To Minimize securities scam
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German Model of Corporate Governance
This document summarizes the key elements of the German model of corporate governance. It outlines that the German model is characterized by the important role of large shareholders, particularly banks, ownership of companies. It also notes the two-tier board structure, with a management board and supervisory board, and labor representation on the supervisory board for large companies. The document concludes by stating that the German system of corporate governance emphasizes the role of large shareholders and banks, this two-tier board structure, and is regulated by both federal and state law.
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Corporate governance and social responsibility are important concepts for companies. Good corporate governance involves internal controls, independent auditing, oversight of risk management and financial reporting, and setting executive compensation. It also includes nominating board members and addressing issues like conflicts of interest. In India, some past corporate scandals like the 2G spectrum case and Satyam fraud showed the need for better governance. Corporate social responsibility involves companies addressing social and environmental impacts and engaging with local communities. The concept has evolved in India from early philanthropy to now being integrated with business strategy and mandated by law for large companies to spend on CSR activities.
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The document summarizes recommendations from the Confederation of Indian Industry (CII) for effective corporate governance practices in India. Some key recommendations include: having independent, non-executive directors make up at least 30-50% of boards; limiting individual directorships to 10 companies; establishing audit committees for large companies; enhancing financial disclosures; implementing compliance certifications from CEOs and CFOs; and imposing penalties on companies that default on deposits. The CII is an industry association that works with the government and private sector to promote economic growth in India.
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The document discusses various aspects of corporate governance including:
1. The history and key concepts of corporate governance such as the separation of ownership and control.
2. The roles of boards of directors, accountants, banks, creditors, shareholders and regulations in ensuring good corporate governance.
3. Emerging issues like the Sarbanes-Oxley Act and reforms in the Philippines.
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The document summarizes several major codes on corporate governance from the UK and internationally. It begins by discussing the 1992 Cadbury Committee report from the UK, which was commissioned after several business failures and established a Code of Best Practice for board structure and responsibilities. It also made recommendations regarding auditors and shareholder rights. The OECD later issued principles in 1999 focused on shareholder rights, equitable treatment, stakeholder rights, transparency and board responsibilities. Additionally, the US passed the Sarbanes-Oxley Act in 2002 to increase investor confidence through provisions regarding certification of financial statements, assessment of internal controls, restrictions on loans to executives, protection of whistleblowers and establishment of audit committees.
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This document discusses corporate social responsibility (CSR) in multinational companies, using McDonald's as an example. It defines CSR and explains that CSR aims to contribute to societal goals through philanthropic and ethical practices. It outlines the types of CSR, main concerns, advantages and disadvantages for multinational companies. McDonald's CSR is described as focusing on food safety, quality, ethical sourcing and environmental protection. The conclusion emphasizes that CSR has become important for businesses and can provide ethical, social and business benefits for multinational companies while addressing societal expectations.
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Corporate governance refers to the structures and processes used to direct and manage companies in the interests of all stakeholders. The basic principles of corporate governance include accountability, transparency, fairness, integrity, responsibility and commitment. Good corporate governance enhances company performance, access to capital, and long-term prosperity while providing barriers against corruption. Both public and private sectors benefit from good corporate governance through better management, resource allocation, and reduced financial risk.
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Corporate governance involves structures and processes that direct and control companies. The main objectives are enhancing shareholder value while considering other stakeholders. Governance oversees ethics and performance, whereas management handles daily operations. Weak governance undermines a company's financial and operational performance and investors' faith. Key elements of good governance include accountability, transparency, regulatory frameworks, business ethics, and administrative structures. The audit committee oversees financial reporting, external auditors, risk management, and internal controls. It helps ensure independence and integrity in financial reporting and auditing.
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The document compares the corporate governance models of Anglo-US, Japanese, and German systems. It discusses the key players, ownership patterns, board composition, regulatory frameworks, disclosure requirements, shareholder approval processes, and interactions among players. The Japanese model emphasizes management, main banks, affiliated companies and government. The German model separates management and supervision functions. Regulatory authority differs, with the US relying on the SEC and stock exchanges while Japan uses government agencies and Germany uses both federal and state laws.
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The document summarizes three models of corporate governance: the Anglo-US model, Japanese model, and German model.
The Anglo-US model is characterized by dispersed share ownership among individual and institutional investors. Power is balanced among management, directors, and shareholders. The board consists mainly of outsiders.
The Japanese model features concentrated ownership among main banks and affiliated companies. Interaction centers around the main bank. Boards are comprised solely of insiders.
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Corporate governance
OBJECTIVES OF CORPORATE GOVERNANCE
● To enhance long term Shareholders value
● To Protect shareholders interest
● To conduct the affairs of the company in a manner that ensure
fairness to customers, employees, investors, vendor. government
etc.
● To Maximize shareholders value
● To build up confidence and increasing the thrust of stakeholders
● To enhance efficiency and effectiveness through fair and transparent means
● To shape the growth and the future capital market
● To Minimize securities scam
Multinational Corporation Quiz Answer
This document is a 20 question multiple choice quiz about multinational corporations and globalization. It covers topics like the reasons for globalization, definitions of key terms like multinational corporations and types of economies, examples of regional trade agreements and economic risks faced by multinationals. The correct answers to each multiple choice question are also provided.
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The document discusses various aspects of corporate governance including:
1. The history and key concepts of corporate governance such as the separation of ownership and control.
2. The roles of boards of directors, accountants, banks, creditors, shareholders and regulations in ensuring good corporate governance.
3. Emerging issues like the Sarbanes-Oxley Act and reforms in the Philippines.
IPC ethics
1. The document discusses principles of business ethics and provides definitions and explanations of key terms like ethics, business ethics, and stakeholders.
2. It explains the difference between ethics and morals and discusses how ethical practices relate to different functional areas of business.
3. Examples of ethical dilemmas in the workplace are provided along with factors that influence ethical behavior such as individual beliefs, corporate culture, and peer pressure.
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Orientation classes were held by APT for CA final year students and new CA entrants from August 7th lasting 7 days. Guest lectures were given on various topics like financial management, professional ethics, and network security. Students participated in activities to improve soft skills like group discussions, management games, and brain teasers. The session concluded with a prize distribution ceremony.
Codes of CG
The document summarizes several major codes on corporate governance from the UK and internationally. It begins by discussing the 1992 Cadbury Committee report from the UK, which was commissioned after several business failures and established a Code of Best Practice for board structure and responsibilities. It also made recommendations regarding auditors and shareholder rights. The OECD later issued principles in 1999 focused on shareholder rights, equitable treatment, stakeholder rights, transparency and board responsibilities. Additionally, the US passed the Sarbanes-Oxley Act in 2002 to increase investor confidence through provisions regarding certification of financial statements, assessment of internal controls, restrictions on loans to executives, protection of whistleblowers and establishment of audit committees.
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There are several forms of business organizations including sole proprietorships, partnerships, joint stock companies, private limited companies, public limited companies, and co-operative societies. The choice of business organization depends on factors like the nature of business, scale of operations, capital requirements, control desired, and tax liability. A partnership consists of two or more individuals who share profits and liabilities. A joint stock company has transferable shares and limited liability for shareholders. Private companies have restrictions on share transfers while public companies can raise capital by listing on stock exchanges. Co-operatives are voluntary associations that aim to benefit members economically and socially.
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This document discusses various forms of business ownership including sole proprietorships, partnerships, corporations, and additional special forms. It defines each form and provides their key advantages and disadvantages. Main forms discussed include sole proprietorships owned by one person, partnerships as a voluntary association of two or more individuals, and corporations as an artificial entity created by law that can raise capital through selling stock. Additional special forms covered are S-corporations that are taxed as partnerships, limited liability companies that combine benefits of corporations and partnerships, and not-for-profit corporations organized to provide services rather than earn profits. Cooperatives, joint ventures, and syndicates are also briefly outlined as additional less common forms of business ownership.
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Corporate Governance of Listed Companies
- 1. Aysel Muradlı, Business Administration
- 2. Company whose shares are traded on an official stock exchange.
- 3. The principal difference between listed and privately held companies is that listed companies have shares that are publicly traded on a stock market. Listed companies have to make transparent and timely disclosure of information to shareholders.
- 4. Both are incorporated under Companies Act. Not all public companies are listed on a stock exchange, but all listed companies must be public companies.
- 5. Many shareholders (minimum limit) Stock markets and their listing requirements are important to the corporate governance of listed companies. Prospectus- a legal document that reviews the company, its history, business, and financial situation
- 6. Mission ◦ To provide an organized, fair and efficient market for trading securities Requirements ◦ Listing Agreement Compliances ◦ Stock Exchange Internal Norms ◦ Compliance of Securities Laws ◦ Compliance of Companies Act
- 7. The most important regulatory body in the US The SEC oversee the proper functioning of primary and secondary financial markets. ◦ the protection of security holder rights ◦ the prevention of corporate fraud
- 8. Corporate governance standards of listed companies according to the NYSE. ◦ The listed company’s board is required to have a majority of INED. ◦ Nonexecutive directors must meet independently from executive directors on a scheduled basis. ◦ The compensation committee of the board must consist entirely of INED.
- 9. Corporate governance standards of listed companies according to the NYSE. ◦ The audit committee must have a minimum of 3 members, all of whom are “financially literate” and at least 1 of them is a “financial expert”. ◦ The company must have an internal audit function. ◦ CEO must certify annually that the company is in compliance with NYSE requirements.
- 10. Important provisions of the SOX: ◦ The requirement that the CEO and CFO certify financial results ◦ An attestation by executives and auditors to the sufficiency of internal controls ◦ Independence of the audit committee of the board of directors ◦ A limitation of the types of non-audit work an auditor can perform for a company ◦ A ban on most personal loans to executives or directors