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External corporate governance controls External corporate governance controls encompass the controls external stakeholders exercise over the organisation. Examples include: * debt covenants * external auditors * government regulations * media pressure * takeovers *...

Mechanisms and controls Corporate governance mechanisms and controls are designed to reduce the inefficiencies that arise from moral hazard and adverse selection. For example, to monitor managers' behaviour, an independent third party (the auditor) attests the accuracy of information provided...

Principles Key elements of good corporate governance principles include honesty, trust and integrity, openness, performance orientation, responsibility and accountability, mutual respect, and commitment to the organisation. Of importance is how directors and management develop a model of...

Parties to corporate governance Parties involved in corporate governance include the regulatory body (e.g. the Chief Executive Officer, the board of directors, management and shareholders). Other stakeholders who take part include suppliers, employees, creditors, customers and the community at...

Role of Institutional Investors Many years ago, worldwide, buyers and sellers of corporation stocks were individual investors, such as wealthy businessmen. Over time, markets have become more institutionalized; buyers and sellers are largely institutions (e.g., pension funds, insurance...

History In the 19th century, state corporation law enhanced the rights of corporate boards to govern without unanimous consent of shareholders in exchange for statutory benefits like appraisal rights, in order to make corporate governance more efficient. Since that time, and because most large...

Definition The term corporate governance has come to mean two things. * the processes by which companies are directed and controlled. * a field in economics, which studies the many issues arising from the separation of ownership and control. Relevant rules include applicable laws of...

Hey I got this information from Wikipedai.org juz chk out.....? Corporate governance is the set of processes, customs, policies, laws and institutions affecting the way a corporation is directed, administered or controlled. Corporate governance also includes the relationships among the many...

What is Corporate Governance ? Governance can be defined as a control over each activity, which will result in overall growth, if practiced properly. Governance is a set of rules stipulated for according due weightage to foster ethical behaviour which would help in enhancing the reputation...

31. There has been a perception and not without reason, that our legal system have not kept pace with measures of financial sector reforms and indeed economic reforms more generally. As far as the banking sector is concerned, there is continuing need for an appropriate legal framework to help...

26. Fundamental to the reform process is the issue of ensuring greater operational flexibility to the public sector banks. This is also closely related to their functional autonomy. The CFS laid great store by this and took the view that restoration of functional autonomy was not inconsistent...

21. One of the more significant measure instituted since 1991 has been the permission for new private banks to be set up and the more liberal approach towards foreign bank offices being opened in India. These steps have enhanced the competitive framework for banking - the more so as the new...

Another important measure of the strength of the system is its profitability levels. The high level of NPAs has been a proximate cause for the low profitability levels of our public sector banks. Other factors have been the large number of unremunerative branches, low productivity, over manning...

6. Even as these measures are making their impact there have been major changes in the macro economic environment and policy and institutional developments. These may call for an examination of the problem issues anew and possibly for a review of some of the recommendations made earlier to see...

The Report will now be examined by Government for suitable follow up action. A summary of the main issues addressed by the Committee is enclosed. 1. A strong and efficient financial system, functionally diverse and geographically widespread, is critical to the attainment of our objectives of...

The Committee on Banking Sector Reforms headed by Shri M. Narasimhan presented its Report to the Finance Minister yesterday. The Committee was required to review the progress in the reforms in the banking sector over the past six years with particular reference to the recommendations made by the...

hey boyz n girlz narasimhan committee is important in our banking sector so lets discuss abt narasimhan committee

DISCLOSURE AND REPRESENTATIONS Utmost good faith 20. A contract is based on the utmost good faith and, if the utmost good faith is not observed by either party, the contract may be avoided by the other party. Disclosure by insured 21. (1) Subject to this section, an insured must disclose...

INSURABLE VALUE Calculation of insurable value 19. (1) Subject to any express provision of, or any value specified in, the marine policy, the insurable value of the subject-matter insured is (a) in the case of insurance on a ship, the aggregate of the value of the ship at the commencement...

Construction of marine policies 3. Subject to this Act and unless a contrary intention appears, the words and terms set out in the schedule have, when used in a marine policy, the meanings assigned by the schedule. Rules of Canadian maritime law 4. The rules of Canadian maritime law...