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NAME:-
SANKET,MAYURI,TUSHAR,PIYUSH,RAHUL,ANJALI
MBA 2nd semester
Sandip university
 Corporate Governance is the application of
best management practices, compliance of law in
true letter and spirit and adherence to ethical
standards for effective management and distribution
of wealth and discharge of social responsibility
sustanable development of all stakeholders.
Conduct of business in accordance with shareholders
desires (maximising wealth
while confirming to the basic rules of the society
embodied in the Law and Local Customs
ELATIONSHIPS AMONG VARIOUS PARTICIPANTS IN
DETERMINING THE DIRECTION AND PERFORMANCE OF
A CORPORATION.
EFFECTIVE MANAGEMENT OF RELATIONSHIPS AMONG
– SHAREHOLDERS
MANAGERS
– BOARD OF DIRECTORS
– EMPLOYEES
– CUSTOMERS
– CREDITORS
– SUPPLIERS
– COMMUNITY
Corporate Governance



Why Corporate
Governance?
ISCHARGE OF SOCIAL RESPONSIBILITY- TO ENSURE THAT
ENTERPRISE IS ACCEPTABLE TO THE SOCIETY IN WHICH IT IS
FUNCTIONING
APPLICATION OF BEST MANAGEMENT PRACTICES- TO
ENSURE EXCELLENCE IN FUNCTIONING OF ENTERPRISE AND
OPTIMUM CREATION OF WEALTH ON SUSTAINABLE BASIS
COMPLIANCE OF LAW IN LETTER & SPIRIT- TO ENSURE VALUE
ENHANCEMENT FOR ALL STAKEHOLDERS GUARANTEED BY THE
LAW FOR MAINTAINING SOCIO-ECONOMIC BALANCE
ADHERENCE TO ETHICAL STANDARDS- TO ENSURE
INTEGRITY, TRANSPARENCY, INDEPENDENCE AND
ACCOUNTABILITY IN DEALINGS WITH ALL STAKEHOLDERS
Principles of Corporate
Governance
Subtitle
A SCHEME
OF DELEGATION
ETTING ALL MEETING DATES FOR THE YEAR, AND ENSURING
ALL THE KEY ACTIONS ARE LISTED IN A WAY THAT CREATES
FLOW, CAN MAKE A REAL DIFFERENCE.
KNOWING WHEN COMPANY RETURNS TO STATUTORY AGENCIES
ARE DUE IS USEFUL, ESPECIALLY IF THERE IS A CHANGE OF
KEY STAFF. ENSURING THAT NEW DIRECTORS ARE SIGNED UP
AS DIRECTORS, AND RETIRING DIRECTORS’ RESIGNATIONS ARE
NOTIFIED TO THE COMPANIES REGISTRATION OFFICE ARE
LEGAL REQUIREMENTS.
AGREEING DATES FOR ALL BOARD AND COMMITTEE MEETINGS
WILL OPTIMISE ATTENDANCE AND ENGAGEMENT OF MEMBERS,
AND ENSURE THAT COMMITTEES ARE ABLE TO REPORT TO THE
BOARD IN A TIMELY WAY. THE GOVERNANCE CALENDAR CAN BE
LINKED WITH DATES FOR PAPERS TO BE ISSUED, AND
MEETINGS FOR THE CHAIR AND CEO TO AGREE THE AGENDA
AND REPORTS. THIS IN TURN ENABLES EFFECTIVE
PREPARATION, WHICH IS KEY TO THE QUALITY OF MEETINGS.
A GOVERNANCE CALENDAR
A CODE OF CONDUCT
‘AWAY DAY’
Board away day
A register of interests
Meaning of Cost Audit
• R. W. Dobson
• SmithandDay
Definition of Cost Audi
t
Features of Cost Audit
Objectives of Cost Audit
1.
Objectives of Cost Audit
Forms of Cost Audit (Contd.)
2. Efficiency Audit

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ETHICS MAYU (1).pptx

  • 2.
  • 3.  Corporate Governance is the application of best management practices, compliance of law in true letter and spirit and adherence to ethical standards for effective management and distribution of wealth and discharge of social responsibility sustanable development of all stakeholders. Conduct of business in accordance with shareholders desires (maximising wealth while confirming to the basic rules of the society embodied in the Law and Local Customs
  • 4. ELATIONSHIPS AMONG VARIOUS PARTICIPANTS IN DETERMINING THE DIRECTION AND PERFORMANCE OF A CORPORATION. EFFECTIVE MANAGEMENT OF RELATIONSHIPS AMONG – SHAREHOLDERS MANAGERS – BOARD OF DIRECTORS – EMPLOYEES – CUSTOMERS – CREDITORS – SUPPLIERS – COMMUNITY Corporate Governance
  • 6. ISCHARGE OF SOCIAL RESPONSIBILITY- TO ENSURE THAT ENTERPRISE IS ACCEPTABLE TO THE SOCIETY IN WHICH IT IS FUNCTIONING APPLICATION OF BEST MANAGEMENT PRACTICES- TO ENSURE EXCELLENCE IN FUNCTIONING OF ENTERPRISE AND OPTIMUM CREATION OF WEALTH ON SUSTAINABLE BASIS COMPLIANCE OF LAW IN LETTER & SPIRIT- TO ENSURE VALUE ENHANCEMENT FOR ALL STAKEHOLDERS GUARANTEED BY THE LAW FOR MAINTAINING SOCIO-ECONOMIC BALANCE ADHERENCE TO ETHICAL STANDARDS- TO ENSURE INTEGRITY, TRANSPARENCY, INDEPENDENCE AND ACCOUNTABILITY IN DEALINGS WITH ALL STAKEHOLDERS Principles of Corporate Governance
  • 9. ETTING ALL MEETING DATES FOR THE YEAR, AND ENSURING ALL THE KEY ACTIONS ARE LISTED IN A WAY THAT CREATES FLOW, CAN MAKE A REAL DIFFERENCE. KNOWING WHEN COMPANY RETURNS TO STATUTORY AGENCIES ARE DUE IS USEFUL, ESPECIALLY IF THERE IS A CHANGE OF KEY STAFF. ENSURING THAT NEW DIRECTORS ARE SIGNED UP AS DIRECTORS, AND RETIRING DIRECTORS’ RESIGNATIONS ARE NOTIFIED TO THE COMPANIES REGISTRATION OFFICE ARE LEGAL REQUIREMENTS. AGREEING DATES FOR ALL BOARD AND COMMITTEE MEETINGS WILL OPTIMISE ATTENDANCE AND ENGAGEMENT OF MEMBERS, AND ENSURE THAT COMMITTEES ARE ABLE TO REPORT TO THE BOARD IN A TIMELY WAY. THE GOVERNANCE CALENDAR CAN BE LINKED WITH DATES FOR PAPERS TO BE ISSUED, AND MEETINGS FOR THE CHAIR AND CEO TO AGREE THE AGENDA AND REPORTS. THIS IN TURN ENABLES EFFECTIVE PREPARATION, WHICH IS KEY TO THE QUALITY OF MEETINGS. A GOVERNANCE CALENDAR
  • 10. A CODE OF CONDUCT
  • 12. A register of interests
  • 13.
  • 15. • R. W. Dobson • SmithandDay Definition of Cost Audi t
  • 18. 1. Objectives of Cost Audit Forms of Cost Audit (Contd.)