Beruflich Dokumente
Kultur Dokumente
P.L.Vinayak (221115),
P.Shiva Shanker Reddy (221117),
P.V.N.Rajeev (221128),
Kiran Patil (221122).
Corporate governance is the set of processes, customs,
policies, laws and institutions affecting the way a corporation
is directed, administered or controlled
o Boards, all over vary greatly in the value they add. Some
boards are positive instigators and enablers of change, while
others are bystanders or even obstacles to progress.
Over the years the following duties have been evolved by the
court of directors under the common law:
o Duties of care and skills in the discharge of function as
directors.
o Duty to attend Board meetings and devote sufficient time and
attention to affairs of the company.
o Duty not to be negligent and not to commit or let others
commit tort-liable acts.
o Duty not to exceed powers.
o Duty to have regard to and act in the best
interest of the company and its stake holders and
consumers
o Duty to creditors if business is conducted with
intent to defraud them
o Duty of confidentiality
o Duty not to secret profit and make good losses, if
occurred due to breach of duty, negligence etc
o Duty not to exceed power for collateral purposes
o Duty not to misapply company assets
o Duty not to compete with the company
It is the representative of share holders to insure the
company has clear goals and to measure progress against
these goals.
The board will agree the strategy and resources to achieve it.
The board will need to set down and monitor the operating
climate in the company through a statement of values that
describes the character of the company and policies that
reflect these values.
o Limiting senior executive’s compensation.
6. Audit committee
8. Remuneration committee
10.Nomination committee
The Audit Committee:
it provides checks against the executive with the ability to
review systems and internal control.
BOARD RESPONSIBILITIES:
BOARD COMMITTEE:
EXECUTIVE SESSIONS:
DIRECTOR COMPENSATION: