Beruflich Dokumente
Kultur Dokumente
GOVERNANCE
PRESENTED BY:-
IQRA AFSAR
DISHA SATSANGI
D.PREM PREETHI
GARIMA CHANDRA
CONTENTS
CONTENTS
• What is Corporate governance ?
• Concept and objectives of Corporate governance
• Advantages and Disadvantages of Corporate governance
• Principles of Corporate governance
• Factors affecting Corporate governance
CORPORATE GOVERNANCE
Do more,
feel better,
live longer
GLAXOSMITHKLINE
GSK has audit systems to help identify and deal with cases of non-
compliance. Those who violate company standards are subjected to
disciplinary action including dismissal in serious cases. Serious
violations and remedial actions are reported to the audit committee of
the board.
Doing the right thing can, at times appear to sacrifice some
immediate advantage. However, GSK’s commitment to integrity and
high standards of business ethics benefit their
customers, communities, shareholders, employees and the business
The company’s Code Of Conduct – An Introduction to Corporate
Ethics and Compliance promotes honest and ethical conduct by
setting out standards to be followed by GSK’s employees in their
everyday work for the company
A separate publication, the Employee Guide to Business
Conduct, helps employees understand what the Code means in
practice and what is acceptable and unacceptable behavior.
The Code is available on the company intranet.
Employees have access to corporate compliance officers and are
encouraged to seek guidance or raise concerns with the officers directly.
Their contact details are in the Code Of Conduct brochure the
Employee Guide and on the company intranet.
A secure off-site PO Box address is available for confidential written
communication, and toll-free telephone ‘GlaxoSmithKline Integrity Help
lines are available in the US and the UK.
CASE STUDY :
Type Public
NASDAQ: GOOG
Traded as NASDAQ-100 Component
S&P 500 Component
Industry Internet, Computer software
Menlo Park, California, U.S.
Founded
(September 4, 1998 (1998-09-04))[1][2]
Founder(s) Sergey Brin, Larry Page
Headquarters Mountain View, California, United States
Area served Worldwide
Larry Page
(Co-Founder & CEO)
Key people Eric Schmidt
(Executive Chairman)
Honesty: they want clear and truthful communication with their customers.
Action oriented: they want their product and services to their customers to
be useful and in case they are not then, they take
appropriate action to make it useful
RESPECT FOR EACH OTHER AMONG
EMPLOYEES
GOOGLE ASSETS
It is expected that the employees will take care to conserve the firm’s assets
and equipment. They are provided with all the required tools for the job they
perform.
The firm’s computers, telephones and other communication equipments are
crucial aspects of the firm’s property and these must be looked after well.
While buying from third parties the employees are to get the best bargains of
the firm. All contracts must be vetted by the firm’s legal department and
signed by only the authorized signatories.
LAWS
The firm takes the responsibility of complying with the laws of the land and
when in doubt about the interpretation of any law the employees are to get in
touch with the firm’s legal department.
The firm wants from its employee’s full compliance with the Foreign Corrupt
Practices Act, export control regulations, antitrust laws and other trade
regulation statutes. In case of accepting gifts, any item of value would be
considered as taking a bribe.
Any violation of antitrust law by the employees would not be accepted.
CODE OF CONDUCT
The firm believes that it is not possible to be fully comprehensive with regard
to the code of conduct: they want the employees to refer to the legal
department in case of any doubts in any matter of ethics.
CONCLUSION
At last, it would be appropriate to say that firstly, there is no unique
structure of “corporate governance and secondly, corporate
governance goes far beyond regulation. The quantity,quality and
frequency of financial and managerial disclosure, the extent to which
the board of directors exercise their fiduciary responsibilities towards
shareholders, the quality of information that management share with
their boards and the commitment to run transparent companies cannot
be legislated at any level of detail. Instead, these evolve due to the
catalytic role played by the more progressive elements within the
corporate sector and, thus, enhance corporate transparency and
responsibility.The adoption of governance best practices increases the
likelihood that leadership will provide the desired corporate
performance while confidently trackingS