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Index group-_workshop_cg__-garment_final
Ananta Group is a Bangladeshi apparel solution provider established in 1992 with 17,000 employees. It has annual turnover of $120 million and offices in Dhaka, Chittagong, and Texas. Ananta focuses on stakeholders and uses stakeholder theory. It has good corporate governance practices like internal and external audits. Ananta engages in corporate social responsibility activities such as donations, environmental protection, and women's empowerment.
Index group-_workshop_cg__-garment_final
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- 2. PREPARED BY • RUPAADHIKARY (1766) SAFA TAMSEEL (1771) MD. NAZRUL ISLAM (1792) MD. MOHIUDDIN KHAN (1806) SIBAT HOSSAIN (2537)
- 3. Ananta Group Establishment 1992 Whatis Ananta group ? Appearel solution provider (readymade wooven ,leathery goods) Total employees 17000 (male female 42:58) clients who trust ananta group Gap, Lcwakiki, H & M, George, next, Joe, Walmart etc Their offices Total 3. Dhaka,Chittagong and texas (USA) Annual turnover 120 million USD Their sister concerns are: 1. Ananta Garments Ltd., Ashulia 2. Ananta Sportswear Ltd., Ashulia 3. Ananta Jeanswear Ltd., Tongi 4. Paradise Washing Plant Ltd., Tongi 5. Ananta Leather Collections Ltd., Tejgaon 6. Ananta Overseas (Bimpex Limited Inc.), Texas
- 4. Theory they use BasicallyAnanta group focuses on all parties like BODs, shareholders, managers, workers, customers etc. And he also has some- 1. Ethics of care 2. Ethics of relationship 3. Theory of property rights 4. Theory of he all parties as investors So from those observation we can say that he use Stakeholder Theory. Only Stakeholder theory is grounded with those theoretical perspective.
- 5. CG outcomes CG system Internal environment Externalenvironment Indian model
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- 7. Qualities of Boardof Directors Skill Experience Attributes
- 8. Audit Internal audit: ANANTA grouplaunch their internal auditing program in 12th November 2015. AUDIT External audit: The auditors review the interim report for the period January 1 to June 30 and shows annual report to the shareholders.
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- 10. Shareholders Shareholders are thosewho purchase stock from a company & become shareholders. The legal owner of business organization. 1. Voting power 2. Ownership in a Portion of the Company 3. Right to transfer ownership 4. An Entitlement to Dividends 5. Opportunity to Inspect Books and Records 6. The Right to Sue for Wrongful Acts
- 11. Manager Manager is aperson responsible for controlling or administering all or part of a company or similar organization. 1. Line manager (Line supervisor) 2. Production Manager 3. Technical Manager 4. Cutting Manager 5. Warehouse (stock) Manager 6. Quality Manager
- 12. Tasks of aQuality Manager i. Ensure quality in all aspects ii. Employ QA to check garments iii. Conduct internal audits iv. Ensure only quality trims are used in production v. correct tagging and packing requirement vi. Meet with buyer & understand about quality. vii. Implement quality systems in each department.
- 13. Stakeholders Stakeholders are allof the different people who have some form of involvement or interest in the business. Two types of stakeholders are found in ANATA group. i. Primary Stakeholders: 1. Shareholders 2. Boards of Directors/ Managing Boards 3. Executive Management
- 14. Stakeholders cont. ii. OtherStakeholders : Managers Employees Customers Community at Large Suppliers Financial Institutions Creditors Environment in general
- 15. Corporate Governance Chain:Ensuring Report and Actions among the actors of companies like Beneficiaries, Managers, Board and etc. Actors Lenders Investors Employees SuppliersCustomers Regulator Government Beneficiaries Trustees Investment Managers Board Executive Directors Senior Executives Managers
- 16. Framework of ANANTAGROUP Corporate Governance • Research • Analysis • Media • Ratings • Market for Controls • Shareholder Meetings and Vote • Board, Supervision, Meetings and Vote • Management Reporting • Activism • Transparency • Accountability • Equitable Rights
- 17. Pillars of CorporateGovernance Pillars of CG Accountability Fairness Transparency Independence
- 18. OECD Principles andPractice of ANANTA GROUP Ensuring the basis for an effective CG framework The rights of shareholders The equitable treatment of shareholders The role of stakeholders including creditors Disclosure and transparency The responsibilities of the board
- 19. Various department i. MerchandisingDepartment ii. Accounts Department iii. Operation Department iv. HR Department v. I.C.T Department vi. Compliance Department vii. I.S.O Department viii. Welfare Department ix. Medical Department x. Administration Department xi. CPD xii. Transport Department xiii. Security Department xiv. RAW Department xv. Technical(Lectra) xvi. Technical(Wash) i. Technical(Sample) ii. Embroidery iii. Store Department AFL iv. Store Department A.A.L v. Maintenance A.A.L vi. Maintenance A.F.L vii. Q.A viii. Quality etc
- 21. ISO (International Organizationfor Standardization) Formed in 1947 as outcomes of World war-II. It is situated in Geneva at Switzerland. ANANTA has ISO 9000:2000 certification ANANTA follows methodology known as P-D-C-A approach
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- 23. Corporate social responsibility & Businessethics of ANANTA group
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- 25. Level of CSR Socialobligation Social responsibility Social responsiveness
- 26. CSR activities Insurance Blooddonation Eye camp Relief aid Tree plantation Women empowerment
- 27. CSR areas •Customer Hint :Design, safety, treatment, info available •Employee Hint : Fair wage, healthy working environment, training , EEO •Society Hint : Donation •Environment Hint : WTP, ETP
- 28. Pyramid of CSR Philanthropic responsibility Ethicalresponsibility Legal responsibility Economical responsibility
- 29. Business ethics Level ofethics Macro level Corporate level Individual level
- 30. WTP Deep machine Raw watertank Oxidation tank Multi-grade filter Softener tank Reserve tank With the help of Paradise washing plant Ltd. ANANTA also established ETP
- 31. Smiley chart Particulars Management Board ofdirector Auditing Transparency CSR Overall CG smiley's
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- 33. Local scandal SONALI BANKOVERVIEW Established 1972 Type Public Ltd co. key people Fazle Kabir (Chairman) Mr. Pradip Kumar Dutta (Managing Director & CEO Industry Banking Financial industry Number of employees 21,839 Net income Tk 2.73 billion (US$ 33.7 million) Total assets Tk 649.26 billion (US$ 8.01 billion) Branch 1207
- 34. Sonali Bank scandal Branch: Ruposhi Bangla Hotel branch, Sonali Bank Time : Between 2010 Crime : Illigal loan lent Tk 3,547 & Tk 1492 crore embezzled In a day with taking 804 LC from hallmark group Loan provides to : Hallmark Group & five other companies Hallmark : BDT 2686.14 crore + Paragon Group : 146.60 crore + T and Brothers : Tk 609.69 crore + Nakshi Knit : Tk 66.36 crore + DN Sports : ?Tk 33.25 crore & + Khanjahan Ali : Tk 4.96 crore Total = BDT 3547 crore
- 35. Also prevent BangladeshBank audit team By political influence ACC identified 32 officials involvement in that loan scam initially
- 36. Structural Attribute LehmanBrothers Type Investment service Founder Henry Lahman Emanuel Lehman Mayer Lehman CEO & Chairman : Richard S. Fuld, Jr Number of board members : 10 members Number of employees 26,200 (2008) Independent board members (according to NYSE) : 8 members International scandal Lehman Brothers
- 37. Lehman Brothers Causes ofdownfall: 1.bad regulation 2.Transparency 3.Market complacency Main Players: Lehman Executives and Company’s auditors, Ernst & Young Aftermath: Filed for Chapter 11 bankruptcy protection on September 15, 2008 bank debt of $613 billion, $155 billion in bond debt, and assets worth $639 billion
- 38. Controversies Controversy of executivepay during crisis Accounting manipulation Section 363 Sale According to the World Bank, the economic recession hit USA and the world at large in three phases •Phase 2- Post-Lehman global financial market turmoil