CSR in Global Context and in International BusinessNiƱa Mae Alota
Ā
This topic is composed of two topics - CSR in Global Context and CSR in International Business. The two topics have subtopics that discussed in the following slides. This will help you to know more on the welfare a corporation or business must have in order to preserve the dignity of humanity, living things, and the environment. It also discussed the effects of CSR both in globally and internationally.
Corporate Social Responsibility Business Strategy PowerPoint Presentation Sli...SlideTeam
Ā
Want to harmonize your business strategy with social responsibilities? Our corporate social responsibility business strategy PowerPoint presentation slides will help you in balancing the profit-making activities with activities that will benefit the society. This Business social responsibility PPT presentation includes variety of slides like CSR model, levels of CSR, maturity process, CRS framework, developing CSR strategy, CSR cycle, company key issues, CSR objectives and assessment, trade behavior, customer engagement, community finance etc. The best thing about our presentation is that you just need to add data in editable templates and diagrams. Not only this, you can use the same corporate self-regulation PowerPoint presentation in a variety of topics like strategic corporate social responsibility, socially responsible business practices, corporate sustainability, sustainable business, corporate conscience, corporate citizenship, responsible business, social business strategy and company sustainability, business conscience, corporate citizenship, responsible industry, company strategy and corporate self-regulation, Business social responsibility, business sustainability etc. What are you waiting for! Just quickly corporate social responsibility business strategy PowerPoint presentation slides practices PowerPoint deck. Cakes are never half baked with our Corporate Social Responsibility Business Strategy PowerPoint Presentation Slides. They keep the fires burning till the end.
Meaning & definition of CSR
History & evolution of CSR
Motives of CSR
Benefits and internal scope of CSR
Enterprise social responsibility
Concept of sustainability & stakeholder management
CSR through triple bottom line and sustainable business
Environmental aspect of CSR
Chronological evolution of CSR in India
Syllabus as prescribed by RTM Nagpur University for the course 'CSR and Sustainability, for MBA Programme
CSR in Global Context and in International BusinessNiƱa Mae Alota
Ā
This topic is composed of two topics - CSR in Global Context and CSR in International Business. The two topics have subtopics that discussed in the following slides. This will help you to know more on the welfare a corporation or business must have in order to preserve the dignity of humanity, living things, and the environment. It also discussed the effects of CSR both in globally and internationally.
Corporate Social Responsibility Business Strategy PowerPoint Presentation Sli...SlideTeam
Ā
Want to harmonize your business strategy with social responsibilities? Our corporate social responsibility business strategy PowerPoint presentation slides will help you in balancing the profit-making activities with activities that will benefit the society. This Business social responsibility PPT presentation includes variety of slides like CSR model, levels of CSR, maturity process, CRS framework, developing CSR strategy, CSR cycle, company key issues, CSR objectives and assessment, trade behavior, customer engagement, community finance etc. The best thing about our presentation is that you just need to add data in editable templates and diagrams. Not only this, you can use the same corporate self-regulation PowerPoint presentation in a variety of topics like strategic corporate social responsibility, socially responsible business practices, corporate sustainability, sustainable business, corporate conscience, corporate citizenship, responsible business, social business strategy and company sustainability, business conscience, corporate citizenship, responsible industry, company strategy and corporate self-regulation, Business social responsibility, business sustainability etc. What are you waiting for! Just quickly corporate social responsibility business strategy PowerPoint presentation slides practices PowerPoint deck. Cakes are never half baked with our Corporate Social Responsibility Business Strategy PowerPoint Presentation Slides. They keep the fires burning till the end.
Meaning & definition of CSR
History & evolution of CSR
Motives of CSR
Benefits and internal scope of CSR
Enterprise social responsibility
Concept of sustainability & stakeholder management
CSR through triple bottom line and sustainable business
Environmental aspect of CSR
Chronological evolution of CSR in India
Syllabus as prescribed by RTM Nagpur University for the course 'CSR and Sustainability, for MBA Programme
CORPORATE SOCIAL RESPONSIBILITY - Background & Implications In IndiaSatyaki Chowdhury
Ā
This Presentation on CSR will give you the very core idea of what is CSR, how it evolved, what are it's applications, its effect on the aspect of Business & Some examples of CSR's Involvement in India!!!!
The Slide No. 25 contains a Youtube Video. The link is given below :
https://www.youtube.com/watch?v=o0Ur-JqQmvQ
Hope you will get a basic idea of CSR from the presentation.
Thank You.
This presentation explains the concept of Corporate Social Responsibility and strategy ti=o implement it as well. At the same time, MICROSOFT CO. is chosen to illustrate the idea and as well explained how it managed to be the 1st in the the list of THE FORBES magazine.
Identifying key stakeholders of CSR & their roles
Role of Public Sector in Corporate government programs that encourage voluntary responsible action of corporations
Role of Nonprofit & Local Self Governance in implementing CSR
Contemporary issues in CSR & MDGs
Global Compact Self Assessment Tool
National Voluntary Guidelines by Govt. of India
Understanding roles and responsibilities of corporate foundations
Corporate Social Responsibility is a new and untouched phinomina for Indian Companies and introduction of it from Financial Year 2014-15 as compliance for selective categories of companies, there is going to be a far reaching impact of it into the society and economy
Business ethics, Corporate Governance,CSR & SustainabilitySANA KALANIYA
Ā
Presentation highlighting Global Ethical Issues Corporate Social responsibilty and Sustainability. Recent Trends of CSR, CSR mandate laws and a video of companies contribution during the COVID-19 considered as CSR activity under the ambit by the Government.
Elated to share this, Happy Learning!
CORPORATE SOCIAL RESPONSIBILITY - Background & Implications In IndiaSatyaki Chowdhury
Ā
This Presentation on CSR will give you the very core idea of what is CSR, how it evolved, what are it's applications, its effect on the aspect of Business & Some examples of CSR's Involvement in India!!!!
The Slide No. 25 contains a Youtube Video. The link is given below :
https://www.youtube.com/watch?v=o0Ur-JqQmvQ
Hope you will get a basic idea of CSR from the presentation.
Thank You.
This presentation explains the concept of Corporate Social Responsibility and strategy ti=o implement it as well. At the same time, MICROSOFT CO. is chosen to illustrate the idea and as well explained how it managed to be the 1st in the the list of THE FORBES magazine.
Identifying key stakeholders of CSR & their roles
Role of Public Sector in Corporate government programs that encourage voluntary responsible action of corporations
Role of Nonprofit & Local Self Governance in implementing CSR
Contemporary issues in CSR & MDGs
Global Compact Self Assessment Tool
National Voluntary Guidelines by Govt. of India
Understanding roles and responsibilities of corporate foundations
Corporate Social Responsibility is a new and untouched phinomina for Indian Companies and introduction of it from Financial Year 2014-15 as compliance for selective categories of companies, there is going to be a far reaching impact of it into the society and economy
Business ethics, Corporate Governance,CSR & SustainabilitySANA KALANIYA
Ā
Presentation highlighting Global Ethical Issues Corporate Social responsibilty and Sustainability. Recent Trends of CSR, CSR mandate laws and a video of companies contribution during the COVID-19 considered as CSR activity under the ambit by the Government.
Elated to share this, Happy Learning!
What is Corporate Social Responsibility? Why CSR? How can you effectively deliver CSR...? etc. Enjoy this CSR Presentation we did in 2012 at le Bistro Latin in Douala.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
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Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.š¤Æ
We will dig deeper into:
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3. How you can capture more CRM data to understand your audience better through video testimonials. š
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
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Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
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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.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
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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.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
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Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Ā
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. Youāll also learn
ā¢ Four (4) workplace discipline methods you should consider
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3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
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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.
3. IMPACT OF GLOBALIZATION
INTEGRATION OF FINANCIAL MARKETS
CHANGES IN GOVERNANCE STRUCTURES
IT REVOLUTION
MULTI COUNTRY PRODUCTION OF GOODS
EFFECT ON SMES
MIGRATION OF WORK FORCE
INJUDICIOUS USE OF RESOURCES
CLOUT DISPLAYED BY FINANCIAL INSTITUTIONS
IRRESPONSIBLE BEHAVIOUR BY MNCS
4. ROLE OF BUSINESS IN
SUSTAINABLE DEVELOPMENT
COLLABORATION WITH SOCIETY AND
GOVT TO CREATE A QUALITATIVELY
BETTER WORLD TO LIVE IN
BUSINESS IS DEPENDENT ON
SOCIETY FOR GROWTH AND
PROSPERITY
STAKEHOLDER CONCEPT
SYSTEMS APPROACH
OWNERSHIP CONCEPT
5. MILLENNIUM DEVELOPMENT
GOALS
ļ±ERADICATE EXTREME POVERTY AND
HUNGER
ļ±ACHIEVE UNIVERSAL PRIMARY EDUCATION
ļ±PROMOTE GENDER EQUALITY AND
EMPOWER WOMEN
ļ±REDUCE CHILD MORTALITY
ļ±IMPROVE MATERNAL HEALTH
ļ±COMBAT HIV/AIDS,MALARIA AND OTHER
DISEASES
ļ±ENSURE ENVIRONMENTAL SUSTAINABILITY
ļ±GLOBAL PARTNERSHIP FOR DEVELOPMENT
7. WHAT IS CSR?
CORPORATE SOCIAL RESPONSIBILITY
ENCOMPASSES THE ECONOMIC,
LEGAL,ETHICAL AND PHILANTHROPIC
EXPECTATIONS PLACED ON
ORGANIZATIONS BY SOCIETY AT A GIVEN
POINT OF TIME
CORPORATE SOCIAL RESPONSIVENESS
REFERS TO THE CAPACITY OF A
CORPORATION TO RESPOND TO SOCIAL
PRESSURES
8. WHAT IS CSR
CSR IS THE CONTINUING COMMITMENT BY
BUSINESS TO BEHAVE ETHICALLY AND
CONTRIBUTE TO ECONOMIC
DEVELOPMENT, WHILE IMPROVING THE
QUALITY OF LIFE OF THE WORKFORCE AND
THEIR FAMILIES AS WELL AS OF THE LOCAL
COMMUNITY AND SOCIETY AT LARGE.
WORLD BUSINESS COUNCIL FOR SUSTAINED
DEVELOPMENT
9. SOME FACTS
WHILE 94% OF THE COMPANIES BELIEVE
THAT DEVELOPMENT OF CSR STRATEGIES
CAN DELIVER REAL BUSINESS BENEFITS
ONLY 11% MADE ANY SIGNIFICANT
PROGRESS IN IMPLEMENTING STRATEGY
IN THE ORGANIZATION
CEOS ARE FAILING TO RECOGNIZE THE
BENEFITS OF IMPLEMENTING CSR
STRATEGIES DESPITE INCREASING
PRESSURES TO DO SO
CSR PROGRAMMES INFLUENCE 70% OF ALL
CUSTOMER PURCHASING DECISIONS
10. EMERGING TRENDS
DRIVERS ARE PHILANTHROPY, IMAGE BUILDING,
EMPLOYEE MORALE AND ETHICS(IN THAT ORDER)
CSR AN EXTENSION OF PHILANTHROPY
FOUR MODELS CO-EXIST IN INDIA- THE ETHICAL
MODEL, THE STATIST MODEL,THE LIBERAL MODEL
AND THE STAKEHOLDER MODEL
BRAND QUALITY MORE IMPORTANT THAN CSR
BANKING TOPS IN THE LIST OF CSR ACTIVITIES
WHILE CONSTRUCTION IS AT THE BOTTOM
INCLUSIVE GROWTH
11. THEORIES OF CSR
FRIEDMAN
CONTRACT THEORY
SOCIAL JUSTICE THEORY
RIGHTS THEORY
DEONTOLOGICAL THEORY
STAKEHOLDER THEORY
TRUSTEESHIP THEORY
12. ARGUMENTS FOR AND AGAINST
CSR
FOR
ļ CREATING SHAREHOLDER VALUE
ļ REPUTATION
ļ STRATEGIC BRANDING
ļ OP EFFICIENCY
ļ PRODUCTIVITY AND QUALITY
ļ ACCESS TO NEW MARKETS
ļ HUMAN AND INTELLECTUAL CAPITAL
13. CONTD--AGAINST
ļ MONEY RIGHTFULLY BELONGS TO
SHAREHOLDERS
ļ POLITICIANS MUST DEAL WITH
SOCIAL ISSUES
ļ INVESTMENT ON CORE BUSINESS
ļ MORE A PUBLICITY STUNT
ļ POWER AND RESPONSIBILITY DO NOT
NECESSARILY GO HAND IN HAND
14. THE STAKEHOLDER
CONCEPT
ā¢LEGALLY BINDING CONTRACTS
ā¢RIGHTS AND CLAIMS TO
CORPORATIONS
ā¢PROTECTION OF EMPLOYEE
RIGHTS
ā¢SPECULATIVE INTERESTS OF
SHAREHOLDERS
ā¢STAKEHOLDERā S ABILITY TO
INFLUENCE CORPORATE
DECISIONS
ā¢CORPORATE GOVERNANCE
16. CHALLENGES IN STAKEHOLDER
ENGAGEMENT
ASSESSING KEY STAKEHOLDERS AND
THEIR CONCERNS
EFFECTIVE MANAGEMENT
PROGRAMMES,MEASUREMENT AND
COMMUNICATION OF PERFORMANCE
RESPONSE TO STAKEHOLDER VIEWS
COMMUNICATION OF VALUES
CONSISTENT AND ACCURATE
INFORMATION
COMMITMENT AND ACCOUNTABILITY
17. CARROLLS 4 PART MODEL
philanthropic
ethical
legal
economic
Desired by society
Expected by society
Required by society
Required by society
18. NOVARTIS
CORPORATE CITIZENSHIP AT NOVARTIS
BEGINS WITH THE SUCCESS OF OUR CORE
BUSINESS.THE MORE WE ARE SUCCESSFUL
IN THE DISCOVERY,DEVELOPING,
MANUFACTURING AND MARKETING OF NEW
MEDICINES,THE GREATER THE BENEFITS WE
CAN OFFER TO ASSOCIATES AND
SHAREHOLDERS, PATIENTS, HEALTH CARE
PROFESSIONALS AND OTHER KEY
STAKEHOLDERS.
19. THIS IS HALLMARK
WE BELIEVE
THAT OUR PRODUCTS AND SERVICES MUST ENRICH
PEOPLES LIVES AND ENHANCE THEIR RELATIONSHIPS
THAT CREATIVITY AND QUALITY IS ESSENTIAL TO
SUCCESS
THAT THE PEOPLE OF HALLMARK ARE OUR
COMPANYāS MOST VALUABLE RESOURCE
THAT DISTINGUISHED FINANCIAL PERFORMANCE IS A
MUST
THAT OUR PRIVATE OWNERSHIP SHOULD BE
PRESERVED
20. THE VALUES THAT GUIDE US ARE--EXCELLENCE IN ALL WE DO
ETHICAL AND MORAL CONDUCT AT ALL
TIMES
INNOVATION IN ALL AREAS OF
BUSINESS AS A MEANS OF ATTAINING
AND SUSTAINING LEADERSHIP
CSR TO EACH COMMUNITY IN WHICH
WE OPERATE
22. CSR ASSESSMENT
ORGANIZATIONāS VALUES AND ETHICS
EXTERNAL AND INTERNAL DRIVERS
KEY CSR ISSUES THAT COULD AFFECT THE
ORGANIZATION
KEY STAKEHOLDERS
CURRENT CORPORATE DECISION MAKING
STRUCTURE
HUMAN RESOURCES AND BUDGETARY
IMPLICATIONS
EXISTING CSR INITIATIVES
23. ASSESS BY--ASSEMBLING A CSR TEAM
DEVELOP A WORKING DEFINITION OF
CSR
REVIEW CORPORATE DOCUMENTS,
PROCESSES AND ACTIVITIES
IDENTIFY AND ENGAGE KEY
STAKEHOLDERS
24. DEVELOP STRATEGY BY--BUILD SUPPORT WITH SENIOR
MANAGEMENT AND EMPLOYEES
RESEARCH WHAT BUSINESS IS DOING
PREPARE A MATRIX OF PROPOSED
CSR ACTIONS
DEVELOP ACTIONS AND THE
BUSINESS CASE FOR THEM
DECIDE ON DIRECTION,APPROACH
AND FOCUS AREAS.
25. POSSIBLE BUSINESS CASE
LEVERAGING CSR
COMPETITIVE ADVANTAGE
STAKEHOLDER INFLUENCE
SHORT AND LONG TERM GOALS
COSTS VS BENEFITS
CHANGES ORG MAY BE REQD TO
MAKE
RISKS/THREATS
26. IMPLEMENTING CSR STRATEGY
DEVELOP AN INTEGRATED CSR DECISION MAKING
STRUCTURE
PREPAREAND IMPLEMENT CSR BUSINESS PLAN
SET MEASURABLE TARGETS AND IDENTIFY
PERFORMANCE MEASURES
ENGAGE THOSE TO WHOM CSR COMMITMENTS
APPLY
DESIGN AND CONDUCT CSR TRAINING
ESTABLISH MECHANISMS FOR ADDRESSING
PROBLEMATIC BEHAVIOUR
CREATE INTERNAL AND EXTERNAL
COMMUNICATION PLAN
27. AREAS OF CSR IMPLEMENTATION
LABOUR/HUMAN
RTS
HR
ENVIRONMENT
CG
ECO DEVP
ACCOUNTABILITY
ETHICS
CSR
28. CSR AT WORKPLACE
REMUNERATION
ETHICAL HR PRACTICES
HEALTH/SAFETY
WORK LIFE BALANCE
AGE OF EMPLOYEES
DOWNSIZING
DIVERSITY IN WORK CULTURE
PRIVACYCONCERNS FOR FREEDOM
CONSISTENCY ACROSS DIFFERENT WORK
ENVIRONMENTS
TELECOMMUTING/WORKING FROM HOME
WOMEN AT THE WORKPLACE
29. CSR AND THE ENVIRONMENT
AIR POLLUTION
WATER POLLUTION
SOIL POLLUTION
DEGRADATION OF THE
ENVIRONMENT
DESTRUCTION OF LIVELIHOOD
INDUSTRIAL ACCIDENTS/WASTE
DISPOSAL
E WASTE
31. IMPORTANCE OF NGO PARTNERSHIPS
INVOLVE GOVT AND NGOS
CHOOSE NGOS DISPLAYING COMPETENCE
AND GOOD RESULTS OVER TIME
CAPABILITY TO ADVANCE PROJECTS ON A
LARGE SCALE
REPUTATION/RELIABILITY
PROFESSIONALLY MANAGED
PREDOMINANT POSITION IN SECTOR
INDEPENDENCE FROM COMPANY AND
AUTHORITIES
33. MONITORING AND
MEASUREMENT
MONITORING THROUGH NGOS
EMPLOYEE LOYALTY
CSR COMMITTEE
PERFORMANCE
PERFORMANCE INDICATORS
GLOBAL REPORTING INITIATIVES
KPIS
ACCOUNTABILITY 1000 SERIES
TBL
34. REPORTING
CORPORATE SUSTAINABILITY REPORT
INTERNAL AND EXTERNAL STAKEHOLDERS
INFORMATION ABOUT CHALLENGES
AND ACHIEVEMENTS
COMMITMENT TO ENVIRONMENTAL AND
SOCIAL RESPONSIBILITY
PERFORMANCE-CODE OF CONDUCT,
CG,MITIGATION OF RISKS
ENVIRONMENT MGT
35. MEASUREMENT AND
MONITORING TOOLS
EMPLOYEE AND CUSTOMER SURVEYS
PUBLIC ATTITUDE AND TRUST SVYS
EMPLOYEE SAFETY
WASTE MGT
POSITIVE AND NEGATIVE MEDIA COVERAGE
PEER AND EXPERT EVALUATION
IMAGE AMONG FINANCIAL ANALYSTS AND
REGULATORS
PERCEPTION AMONGST STAKEHOLDERS
38. SOME INITIATIVES
IBM- UPLIFTMENT OF TRIBALS IN SASAN
INDIAN PAINT INDUSTRY MAKING PAINTS MORE
ENVIRONMENT FRIENDLY
FINANCIAL SERVICES-NEASING OF CARBON FOOTPRINTSRENEWABLE ENERGY ETC- HSBC, MAX NEWYORK LIFE, SCB
E CHAUPAL
ADOBE, KPMG, PROMOTING ENTREPRENEURSHIP
RELIANCE- PROJECT DRISHTI
NDTV-GREENATHON
AIRCEL-SAVE THE TIGER
COPENHAGEN- ENVIRONMENT ISSUES
E WASTE MANAGEMENT
40. CORPORATION
A CORPORATION IS AN ARTIFICIAL BEING, INVISIBLE,
INTANGIBLE,EXISTING ONLY IN THE CONTEMPLATION OF THE
LAW. BEING THE MERE CREATURE OF THE LAW,IT POSSESSES
ONLY THREE QUALITIES WHICH THE CHARTER OF ITS
CREATION CONFERS UPON IT, EITHER EXPRESSLY OR AS
INCIDENTAL AS ITS VERY EXISTENCE----(THE MOST)IMPORTANT
ARE IMMORALITY AND, IF THE EXPRESSION MAY BE
ALLOWED,INDIVIDUALITY:PROPERTIES BY WHICH A
PERPETUAL SUCCESSION OF MANY PERSONS ARE
CONSIDERED AS THE SAME, AND MAY ACT AS A SINGLE
INDIVIDUAL.
41. ROLE OF CORPORATE
GOVERNANCE`
o
o
o
o
o
o
o
o
o
STRONG VS WEAK PERFORMANCE
PUBLICLY OWNED BUSINESS VS PRIVATELY OWNED BUSINESS
PROSPECT OF ATTRACTING LONG TERM, STABLE CAPITAL
INCLUDES QUESTIONS OF STRATEGY,VISION OF TOP
MANAGEMENT,TRANSPARENCY,CODE OF CONDUCT, STDS OF
PERFORMANCE, ACCOUNTABILITY ETC
DIRECTION OF BUSINESS PERFORMANCE
MEETING STAKEHOLDER INTEREST
RECONCILIATION OF CONFLICTING INTERESTS
SYSTEMS FOR ACCOUNTING, AUDITING AND FISCL DISCIPLINE
MANAGER DISCIPLINE
42. Concept of Corporate
Governance
CG aims at āenhancement of shareholder value,
keeping in view the interests of other
stakeholdersā.
CG may be defined as a set of systems,
processes and principles which ensure that a
Company is governed in the best interests of all
the stakeholders.
43. Objectives of Corporate
Governance
Define clearly the rights, roles,
responsibilities and accountability of all
stakeholders.
Continuous disclosure of material
information - financial & non-financial.
High quality accounting practices.
Protect investorsā interest.
44. Objectives of Corporate
Governance (Contdā¦)
High level of transparency.
Make Corporate boards an active body for CG.
Bring about high level of public confidence in
business and industry.
45. GOVERNANCE AND MANAGEMENT
BOARD NOT PART OF THE MANAGEMENT
STRUCTURE
LINE AND STAFF MANAGERS REPORT TO THE
CEO WHO HAS OVERALL RESPONSIBILITY
BOARD HAS BOTH EXECUTIVE AND NON
EXECUTIVE /OUTSIDE DIRECTORS
EXECUTIVE DIRECTORS HOLD A
MANAGERIAL ROLE
INDEPENDENT DIRECTORS HAVE NO
RELATION WITH THE COMPANY
46. ADDING TEETH TO
CORPORATE GOVERNANCE
STRIVING TO ENSURE THAT CODE OF CONDUCT IS
UNDERSTOOD AND ADHERED TO BY ALL MEMBERS
OF THE ORGANIZATION
PERFORMANCE MANAGEMENT SYSTEM SHOULD
RECOGNIZE AND REWARD ETHICAL BEHAVIOUR
EXCLUSIVE BACKGROUND CHECKS ON SENIOR
MANAGEMENT OF THE ORGANIZATION
SCREENING OF THIRD PARTIES WITH WHOM
COMPANY DOES BUSINESS
SCOPE OF WHISTLEBLOWER POLICIES EXTENDED
TO WIDER STAKEHOLDER GROUPS
INVESTORS, LENDERS ANALYSTS SHOULD
PROACTIVELY CHALLENGE CG PRACTICES
47. CONTD
CHAIRMEN OF BOARDS SHOULD ACTIVELY MONITOR
HOW INDIVIDUAL DIRECTORS PROACTIVELY
IDENTIFYING AND FULFILLING THEIR KNOWLEDGE
AND COMPETENCY LEVELS
COMPULSORY ATTENDANCE ON BOARD MEETINGS
MANDATORY BOARD AND AUDIT COMMITTEE
EVALUATIONS
HEFTY MONETARY PENALTIES ON INDEPENDENT
DIRECTORS AND AUDITORS WHO DO NOT CARRY
OUT THEIR JOBS
48. SOX ACT 2002
PENALTY FOR CORPORATE FRAUD- UPTO 20 YRS
IMPRISONMENT FOR ALTERING/DESTROYING
DOCUMENTS
CEOs LIABLE FOR UPTO 20 YRS IMPRISONMENT
WITH FINES UPTO USD 5 MN FOR CERTIFYING
FALSE ACCOUNTS
TIME PD FOR ENGAGING IN LAW SUITS BY
DEFRAUDED INVESTORS ENHANCED
ACCTG FIRMS AND CONSULTACY/NON AUDIT
SERVICES
ACCTG PROFESSION TO BE UNDER STRICT
SCRUTINY BY 5 MEMBER PVT SECTOR BOARD
WHICH WILL HAVE DISCIPLINARY AS WELL AS
COURT/SUBPOENA POWERS
49. CADBURY REPORT
PUBLISHED 1992-COMMITTEE CHAIRED BY SIR ADRIAN CADBURY
REPORT RECOMMENDATIONS ADOPTED BY EU,THE US AND THE
WORLD BANK
BACKGROUND- MAXWELL GROUP OF COMPANIES
PUBLICALLY TRADED CORPORATIONS SHOULD HAVE THREE
OUTSIDE DIRECTORS
POSITIONS OF CEO/CHAIRMAN BY DIFFERENT PEOPLE
SUPREMACY OF THE BOARD, ITS INTEGRITY AND ACCOUNTABILITY.
LISTED COMPANIES TO ANNUALLY REPORT TO THE SHARE
HOLDERS AS RGARDS ASSESSMENT OF RISKS AND THE
PROCESSOF DECISION MAKING
INDEPENDENT DIRECTOR SHOULD NOT SERVE FOR MORE THAN
TWO TERMS
FINES AND JAIL TERMS FOR FRAUD
50. CADBURY COMMITTEE
REPORT
May 1991- Code Of best practices
Bd Should meet regularly, retain full and
effective control over the company ,
monitor the executive management
Clearly accepted division of
responsibilities
Non Executive Directors of sufficient
calibre and number
51. contd
Agreed procedure for furtherance of duties
of the Directors
All Directors should have access to the
advice and services of the Company
Secretary
Non Independent directors should have
independent judgement on issue
regarding strategy,
performance,resources , key appts etc
52. LEGAL OBLIGATIONS OF
DIRECTORS
REPRESENTING THE INTEREST OF
OWNERS
SCRUTINY OF STAKEHOLDERS
THE FIDUCIARY DUTIES
THE DUTY OF LOYALTY AND FAIR DEALING
DUTY OF CARE
DUTY NOT TO ENTRENCH
DUTY OF SUPERVISION
DEALING WITH HOSTILE TAKEOVER
OFFERS