Principles of Corporate Governance

sunandaC

New member
Principles of Corporate Governance


Key elements of good corporate governance principles include honesty,trust and integrity,openness,performance,orientation,responsibility and accountability,mutual respect and commitment to the organization.Of importance is how directors and the management develop model of governance that aligns the values of the corporate participants and then evaluate this model periodically for its effectiveness.

Commonly accepted principles include:

Rights and Equitable treatment of Shareholders.

Interests of Stakeholders.

Role and Responsibilities of the Board.

Integrity and Ethical behavior.

Disclosure and Transparency.


Leadership
To direct the corporation for achieving continuing prosperity

Appointments
To provide a mix of proficient directors who is able to add value in decision making

Strategy & value
To determine corporation’s values & purpose and strategy to achieve them

Corporate performance
Board should monitor and evaluate the implementation of strategy, management performance criteria & business plan

Compliance
Board should ensure that corporation complies with relevant laws, regulations & codes of best business practices

Communication
To communicate with shareholders & other stakeholders effectively

Balance of power
To ensure correct use of poor by separating role of CEO & chairman.

Management appointments
The board should appoint the senior management staff. Ensures the regular training of the staff

Information system
board should ensure that information system are adequate to properly run the business

Risk management
The board must identify the key risk areas and key performance indicators of the business enterprise
 
Principles of Corporate Governance


Key elements of good corporate governance principles include honesty,trust and integrity,openness,performance,orientation,responsibility and accountability,mutual respect and commitment to the organization.Of importance is how directors and the management develop model of governance that aligns the values of the corporate participants and then evaluate this model periodically for its effectiveness.

Commonly accepted principles include:

Rights and Equitable treatment of Shareholders.

Interests of Stakeholders.

Role and Responsibilities of the Board.

Integrity and Ethical behavior.

Disclosure and Transparency.


Leadership
To direct the corporation for achieving continuing prosperity

Appointments
To provide a mix of proficient directors who is able to add value in decision making

Strategy & value
To determine corporation’s values & purpose and strategy to achieve them

Corporate performance
Board should monitor and evaluate the implementation of strategy, management performance criteria & business plan

Compliance
Board should ensure that corporation complies with relevant laws, regulations & codes of best business practices

Communication
To communicate with shareholders & other stakeholders effectively

Balance of power
To ensure correct use of poor by separating role of CEO & chairman.

Management appointments
The board should appoint the senior management staff. Ensures the regular training of the staff

Information system
board should ensure that information system are adequate to properly run the business

Risk management
The board must identify the key risk areas and key performance indicators of the business enterprise

Hey sunanda, thanks for sharing the information and explaining about the principles of corporate governance. Well, i have also got some important information related to principles of corporate governance. So please download and check my presentation.
 

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jayashreemarg

Par 100 posts (V.I.P)
The Board should lead the company to conduct its business in a fair and transparent manner that can withstand scrutiny by stakeholders.
 
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