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 ?

TRANSPARENCY ,ACCOUNTABILITY ,INDEPENDENCE , REPORTING

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,

Member and SEBI board to strength standard of corporate governance.

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

WELL INFORMED BOARD OF DIRECTORS

BOARD SHOUL MEET 6 TIMES A YEAR COMPANY WITH TURNOVER OF RUPEES 100 CRORE at least 30 percent of the board ,if the chairman of the company is a non executive director at least 50 percent of the board if the chairman and managing director is the same person A PERSON IS ALLOWED TO HOLD DICTATORSHIP FOR 20 COMPANIES ONLY NON EXECUTIVE DIRECTORS HAVE TO active participants defined responsibilities should be an expert in accountancy COMMISSION HAS TO BE PAID TO NON EXECUTIVE DIRECTORS 1% of net profit if company has MD otherwise 3%

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.

KINDLY GO HOME AND CHECK OTHER CODES OF CONDUCT .

MR.PANKAJ RATHEE MS.SHARNYA RAMACHANDRAN MS.SUMEDHA GUPTA

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