CORPORATE

EXCELLENCE
GOOD CORPORATE
GOVERNANCE

Good Corporate Governance

Bad Governance is being recognized
as root cause of corrupt practices
Corporations are expected to provide
good governance to benefit all
stakeholders
Directors and management, urged by
stakeholders and inspired by societal
values, have an important role to play

Good Corporate Governance

Obligation to Investors
Towards shareholders
Informed shareholder participation
Transparency
Financial Reporting and Records

Good Corporate Governance

Obligation to Employees
Fair employment Practices
Equal Opportunities Employer
Encouraging Whistle Blowing
Humane Treatment
Empowerment
Equitable treatment and Inclusiveness
Participative and Collaborative
Environment

Good Corporate Governance

Obligation to Customers
Quality of Products & Services
Products at Affordable Prices
Commitment to Customer
Satisfaction

Good Corporate Governance

Managerial Obligation
Protecting Company Assets
Behavior towards Government
Agencies
Control
Consensus Oriented
Gifts and Donations

Good Corporate Governance

Managerial Obligation
Distinction between Direction and
Management
Managing Directors and Whole-Time
Directors

Corporate Excellence
According to a survey on Corporate
Excellence carried out by Credit Lyonnais,
three Indian cos.- Infosys, HLL and Wipro
are amongst Asias top 10 corporations in
terms of good governance practices.
Also, ICICI, Cummins India, HDFC,
Ranbaxy, Dr. Reddys Lab,Orchid
chemicals and many Tata group cos. Share
this honour.

Initiatives of the Deptt. Of Company

Affairs
In May 2000, a group of leading
industrialists, professionals and
academics were invited to study and
recommend measures to enhance
corporate excellence in India.
Examined the subject of Corporate
Excellence through sound Corporate
Governance

Recommendations of the Task

Force
Greater role and Influence for nonexecutive, independent Directors
Stringent punishment for EDs for
failing to comply with listing and other
requirements
Limitation on the nature of and no. of
directorship of managing and whole
time directors

Recommendations of the Task

Force
Proper disclosure to the shareholders and
investing community
Interested shareholders to abstain from
voting on specified matters
More meaningful and transparent
accounting and reporting
Tougher listing and compliance regimen
through a centralized National Listing
authority
Code of public behavior for PSUs

Corporate Excellence
The Award for excellence in
Corporate Governance, instituted in
1999, by the Ministry of Finance
under the DCA was sponsored by
Unit Trust of India.

ICSI National Award for

Excellence in Corporate
Governance
Promoting Good Governance In Indian Corporate Sector

ICSI National Award for

Excellence in Corporate
Governance

Best Governed Companies

ICSI National Award for

Excellence in Corporate
Governance

Best Governed Companies

Company Secretaries of winning Companies

are also awarded

Corporate Captains who have Translated

Excellence in Corporate Governance into
Reality were also honoured

ICSI National Award for

Excellence in Corporate
Governance
Life Time Achievement Award for Translating Excellence in
Corporate Governance into Reality

2001

2001

2002

DR. VERGHESE KURIEN

RAI BAHADUR MOHAN SINGH OBEROI

DR YUSUF KHWAJA HAMIED

Chairman Emeritus
National Dairy Development Board

Chairman
The Oberoi Group

Chairman and Managing Director

Cipla Limited

Companies that have won

ICSI National Award for Excellence in
Corporate Governance
have

Consistently earned high returns, increased

their net worth and enhanced their
shareholders wealth

Invested significantly in proactive research and

development

Developed people into achievers than just

performers

Dealt ethically with customers, government and

business partners

Maintained and updated their professional

management culture, system and processes

..and accomplished

WINNING
WINNING
EMPLOYEES
EMPLOYEES

DELIGHTED
DELIGHTED
CUSTOMERS
CUSTOMERS

TRUSTED
TRUSTED
SUPPLIERS
SUPPLIERS

GROWING
GROWING
INVESTORS
INVESTORS

HAPPY
HAPPY
SOCIETY
SOCIETY

SATISFIED
SATISFIED
GOVERNMENT
GOVERNMENTAND
AND
REGULATORS
REGULATORS