Corporate governance refers to the rules and processes by which companies are directed and controlled. It ensures transparency, accountability and protection of stakeholder interests. The objective of corporate governance is to maximize shareholder value while protecting other stakeholders. In India, corporate governance is regulated by the Companies Act and SEBI guidelines for listed companies. Business ethics comprise the principles that guide ethical behavior in business to balance stakeholder needs with profitability.
Business ethics can be defined as written and unwritten codes of principles and values that govern decisions and actions within a company.
In the business world, the organization’s culture sets standards for determining the difference between good and bad decision making and behavior.
Business ethics can be defined as written and unwritten codes of principles and values that govern decisions and actions within a company.
In the business world, the organization’s culture sets standards for determining the difference between good and bad decision making and behavior.
In this PPT You all will find "Business ethics and law" in brief chapter wise.
Introduction–Ethics & Business Ethics
The Concepts of New Ethics
Values and Ethics
Development of Ethical Corporate Behavior
Ethical leadership
Ethical Decision Making
Ethical Dilemmas in Organization
Social Responsibility of Business
Corporate Governance
.The presentation is all about How the Code of Ethics helps in the organization effectively. Code of Ethics is a guideline for the employee's organization that is regarding decisions related. It is a practice that is seen in the code of conduct. It shows a clear picture & difference between the Code of Ethics and the Code of Conduct.
Meaning of Business Ethics, Meaning of Corporate Governance, Importance of Business Ethics in business, Why Corporate governance is important?, Legal Laws Related to ethics and corporate governance, Importance of Corporate Governance.
If u want any other Slides please add in comment section.
What Is Business Ethics?
Business ethics is the study of appropriate business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities. The law often guides business ethics, but at other times business ethics provide a basic guideline that businesses can choose to follow to gain public approval.
CH- 3 CONCEPTUAL FRAMEWORK OF CORPORATE GOVERNANCE Bibek Prajapati
CH- 3 CONCEPTUAL FRAMEWORK OF CORPORATE GOVERNANCE
FOR CS PROFESSONAL, CA, CMA
Definitions of Corporate Governance
• ICSI Principles of Corporate Governance
• Need for Corporate Governance
• Theories of Corporate Governance
• Evolution and Development of Corporate Governance
• Elements of Good Corporate Governance
The root of the word Governance is from ‘gubernate’, which means to steer. Corporate governance would mean to steer an organization in the desired direction. The responsibility to steer lies with the board of directors/governing board.
• Kautilya’s Arthashastra maintains that for good governance, all administrators, including the king were considered servants of the people. Good governance and stability were completely linked. There is stability if leaders are responsive, accountable and removable. These tenets hold good even today.
• Corporate Governance Basic theories: Agency Theory; Stock Holder Theory; Stake Holder Theory; Stewardship Theory
OECD has defined corporate governance to mean “A system by which business corporations are directed and controlled”. Corporate governance structure specifies the distribution of rights and responsibilities among different participants in the company such as board, management, shareholders and other stakeholders; and spells out the rules and procedures for corporate decision making. By doing this, it provides the structure through which the company’s objectives are set along with the means of attaining these objectives as well as for monitoring performance.
In this PPT You all will find "Business ethics and law" in brief chapter wise.
Introduction–Ethics & Business Ethics
The Concepts of New Ethics
Values and Ethics
Development of Ethical Corporate Behavior
Ethical leadership
Ethical Decision Making
Ethical Dilemmas in Organization
Social Responsibility of Business
Corporate Governance
.The presentation is all about How the Code of Ethics helps in the organization effectively. Code of Ethics is a guideline for the employee's organization that is regarding decisions related. It is a practice that is seen in the code of conduct. It shows a clear picture & difference between the Code of Ethics and the Code of Conduct.
Meaning of Business Ethics, Meaning of Corporate Governance, Importance of Business Ethics in business, Why Corporate governance is important?, Legal Laws Related to ethics and corporate governance, Importance of Corporate Governance.
If u want any other Slides please add in comment section.
What Is Business Ethics?
Business ethics is the study of appropriate business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities. The law often guides business ethics, but at other times business ethics provide a basic guideline that businesses can choose to follow to gain public approval.
CH- 3 CONCEPTUAL FRAMEWORK OF CORPORATE GOVERNANCE Bibek Prajapati
CH- 3 CONCEPTUAL FRAMEWORK OF CORPORATE GOVERNANCE
FOR CS PROFESSONAL, CA, CMA
Definitions of Corporate Governance
• ICSI Principles of Corporate Governance
• Need for Corporate Governance
• Theories of Corporate Governance
• Evolution and Development of Corporate Governance
• Elements of Good Corporate Governance
The root of the word Governance is from ‘gubernate’, which means to steer. Corporate governance would mean to steer an organization in the desired direction. The responsibility to steer lies with the board of directors/governing board.
• Kautilya’s Arthashastra maintains that for good governance, all administrators, including the king were considered servants of the people. Good governance and stability were completely linked. There is stability if leaders are responsive, accountable and removable. These tenets hold good even today.
• Corporate Governance Basic theories: Agency Theory; Stock Holder Theory; Stake Holder Theory; Stewardship Theory
OECD has defined corporate governance to mean “A system by which business corporations are directed and controlled”. Corporate governance structure specifies the distribution of rights and responsibilities among different participants in the company such as board, management, shareholders and other stakeholders; and spells out the rules and procedures for corporate decision making. By doing this, it provides the structure through which the company’s objectives are set along with the means of attaining these objectives as well as for monitoring performance.
Notes of Module 5 Corporate Governance
Content
Concept of Corporate Governance
Corporate Governance in India
Objective of Corporate Governance
Features of Corporate Governance
Elements of Corporate Governance
Importance of Corporate Governance
Important Issues in Corporate Governance
Corporate Governance and Agency Theory
Reforming Board of Directors
*Birla Committee
*Naresh Candra Committee
*Narayana Murthy Committee
Bibliography
www.google.com
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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:
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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.
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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.
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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/
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2. History of corporate governance
The topic of corporate governance is a vast subject that enjoys a long and rich
history. It’s a topic that incorporates managerial accountability, board structure and
shareholder rights. The issue of governance began with the beginning of
corporations, dating back to the East India Company, the Hudson’s Bay Company,
the Levant Company and other major chartered companies during the 16th and
17th centuries.
While the concept of corporate governance has existed for centuries, the name
didn’t come into vogue until the 1970s. It was a term that was only used in the
United States. The balance of power and decision-making between board
directors, executives and shareholders has been evolving for centuries. The issue
has been a hot topic among academic experts, regulators, executives and
investors.
3. Concept of corporate governance
Corporate refers to the most common form of business organisation, one which is
chartered by a state and given legal rights as an entity separate from its owners. This
form of business is characterised by the limited liability of its owners. The process of
becoming a corporation, called incorporation gives the company separate legal
standing from its owners and protects those owners from being personally liable in the
event that the company is sued.
4. Corporate governance
Corporate governance in the business context refers to the systems of rules,
practices, and processes by which companies are governed. In this way, the
corporate governance model followed by a specific company is the distribution of
rights and responsibilities by all participants in the organization.
Governance ensures everyone in an organization follows appropriate and
transparent decision-making processes and that the interests of all stakeholders
(shareholders, managers, employees, suppliers, customers, among others) are
protected.
The purpose of corporate governance is to help build an environment of trust,
transparency and accountability necessary for fostering long-term investment,
financial stability and business integrity, thereby supporting stronger growth and
more inclusive societies.
5. Objective of corporate governance
The fundamental objective of corporate governance is to boost and maximize
shareholder value and protect the interest of other stake holders. Corporate
governance has various objectives to strengthen investor's confidence and intern
leads to fast growth and profits of companies.
A properly structured Board proficient of taking independent and objective
decisions is in place at the helm of affairs.
The Board is balanced as regards the representation of suitable number of non-
executive and independent directors who will take care of the interests and well-
being of all the stakeholders.
The Board accepts transparent procedures and practices and arrives at decisions
on the strength of adequate information.
6. Objectives of corporate governance
The Board has an effective mechanism to understand the concerns of
stakeholders.
The Board keeps the shareholders informed of relevant developments impacting
the company.
The Board effectively and regularly monitors the functioning of the management
team.
The Board remains in effective control of the affairs of the company at all times.
7. Importance of corporate governance
The Organisation for Economic Cooperation and Development (OECD) highlights the
significance of good corporate governance in the global and domestic economic
environment. According to OECD, if countries are to reap the full benefits of the global
capital market, and if they are to attract long-term “patient” capital, corporate
governance arrangements must be credible and well understood across borders. Even
if companies do not rely primarily on foreign sources of capital, adherence to good
corporate governance practices will help to improve the confidence of domestic
investors, may reduce the cost of capital, and ultimately induce more stable sources of
financing (Principles of Corporate Governance, 1990).
8. Corporate governance in India
Corporate Governance in India is a set on internal controls, policy and procedures
which form the framework of a company’s operations and its dealings with various
stakeholders such as customers, management, employees, government and
industry bodies. The framework of such policies should be such as to uphold the
principles of transparency, integrity, ethics and honesty. Corporate Governance is
the soul of an organisation and must be adhered to while indulging in any business
practises.
The Indian corporates are governed by the Company’s Act of 1956 that follows
more or less the UK model. The pattern of private companies is mostly that of
closely held or dominated by a founder, his family and associates.
The organizational framework for corporate governance initiatives in India consists
of the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board
of India (SEBI).
9. Corporate governance in India
SEBI monitors and regulates corporate governance of listed companies in India
through Clause 49. This clause is incorporated in the listing agreement of stock
exchanges with companies and it is compulsory for listed companies to comply
with its provisions.
MCA through its various appointed committees and forums such as National
Foundation for Corporate Governance (NFCG), a not-for-profit trust, facilitates
exchange of experiences and ideas amongst corporate leaders, policy makers,
regulators, law enforcing agencies and non- government organizations.
The Companies Act, 2013 provides a formal structure for corporate governance by
enhancing disclosures, reporting and transparency through enhanced as well as
new compliance norms.
10. Corporate governance in India
In addition to various acts and guidelines by various regulators, non-regulatory
bodies have also published codes and guidelines on Corporate Governance from
time to time.
fter enactment of the Companies Act, 2013, SEBI has amended Clause 49 in 2013
to bring it in line with the new Act.
11. Business ethics comprises the principles and standards that guide behaviour in the
conduct of business.
Business Ethics
12. Business Ethics
Ethics means the set of rules or principles that the organization should follow.
While in business ethics refers to a code of conduct that businesses are expected
to follow while doing business.
Through ethics, a standard is set for the organization to regulate their behavior.
This helps them in distinguishing between the wrong and the right part of the
businesses.
The ethics that are formed in the organization are not rocket science. They are
based on the creation of a human mind. That is why ethics depend on the
influence of the place, time, and the situation.
Business ethics compromises of all values and principles and helps in guiding the
behavior in the organizations. Businesses should have a balance between the
needs of the stakeholders and their desire to make profits.
While maintaining these balances, many times businesses require to do tradeoffs.
To combat such scenarios, rules and principles are formed in the organization.