Corporate Governance
Corporate Governance
Corporate Governance
POPULARITY -1990
To improve capital efficiency of companies and deploys their wealth in more productive areas of economy.
THIS IS INSANE.. GO FOR IMAGES LIKE
UK CASE
ENHANCEMENT OF THE LONG TERM SHAREHOLDERS VALUE
AM I UNDERSTOOD???
WHAT ARE YOU RIGHTS AND WHAT IS YOUR DUTY. RULES AND REGULATIONS FORMAL SYSTEM OF ACCOUNTABILITY OF SENIOR MANAGEMENT TO CORPORATE STAKEHOLDERS.
DEAL STATES
What is ?
NEED
SEPARATION OF OWNERSHIP FROM MANAGEMENT GLOBAL CAPITAL INVESTOR PROTECTION FOREIGN INVESTMENTS FINANCIAL REPORTING AND ACCOUNTABILITY BANKS AND FINANCIAL INSTITUTIONS GLOBALISATION OF ECONOMY
ENVIRONMENT
OF
CORPORATE
GOVERNANCE
BOARD OF DIRECTORS # internal stakeholders environment # companys mission, values and norms
internal
Shareholder value #
concern for customers # investor protection #corporate governance# transparency #management # developed corporate sector
Government
regulations #SEBI guidelines # external environment # stake holders # corporate sector influences
IN
SEBI had constituted corporate governance under guidance of SHRI KUMAR MANGALAM BIRLA,
In 1996 ,CII took a special initiative on corporate governance To develop and make entire private sector ,public sector,banks and FIs to follow governance.
MR.RAHUL BAJAJ FORMER PRESIDENT CII 1997 AT NATIONAL CONFERENCE AND ANNUAL SESSION OF CII I
BOARD OF DIRECTORS AUDIT COMMITTEE REMUNERATION DIRECTORS BOARD PROCEDURES MANAGEMENT SHAREHOLDERS REPORT ON CORPORATE GOVERNANACE COMPLIANCE
COMPANY SHOULD GIVE THE ATTENDANCE OF THE CONCERNED DIRECTOR IF REAPPOINTING HIM. REPORTS ALWAYS SHOULD HAVE annual operating plans and budget long term plans capital budgets , manpower and overhead budgets quarterly results for the company as a whole and its operating divisions or business segments. COMPANIES DEFAULTING ON FIXED DEPOSITS accept further deposits and make inter corporate loans or investments until the defaults is made good.
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