governance

In relation to IT, another way to put it might be: “No action without control.” Embarking on projects and service delivery without proper governance leads to disaster. On the other hand, you don’t want to overdo it and find yourself tied up in analysis paralysis. Where is the happy medium? A...

Corporate governance refers to the manner in which a corporation is directed, and laws and customs affecting that direction. It includes the laws governing the formation of firms, the bylaws established by the firm itself, and the structure of the firm. Issues of fiduciary duty and...

What is CG? Explain the need for CG? INTRODUCTION Corporate goverance is a system by which companies are directed and controlled by the management in the best intrest of shareholders,stakeholders,investor and others .The BOD of the company is responsible for CG by ensuring transperancy in...

corporate governance in india for ur reference

Hey TYBMSites! Business Ethics and Corporate Governance is a new subject introduced this year to the sem 5 syllabus. But for Banking and Insurance, It was there since the course started. The attached documents are the Banking and Insurance University Question papers. Hope it helps you!! Their...

Specific steps to improve corporate governance Abolition of the Sick Industries Companies Act (SICA) and BIFR. Banking Secrecy Act – Reveal those who are wilful defaulters. Benami Transactions Prohibition Act and Prevention of Money Laundering Act

Need for corporate governance in India Financial scams Legal and administrative framework in India provides for excellent scope for current practices.

Factors in Corporate governance Transparency in decision making Accountability which follows from transparency because responsibility could be fixed easily for actions taken or not taken Accountability is for safeguarding the interests of the stakeholders and the investors in the organization

Corporate Governance in India Private Sector Public Sector Private Sector- categories of shareholders Promoter director – Called as a functional director and belongs from the promoter group. Professional director - Category of directors who are invited by the promoter group on the...

Important issues of Corporate Governance Social responsibility Multiple, divergent expectations of the shareholders. Fair Business deals Prevention of corruption

Factors behind the Origin of Corporate Governance In the era of globalization, foreign investors have become very careful about investing their money. Kumar Mangalam Birla Committee Report appointed by SEBI has formulated some guidelines. Increasing active rate of investigative reporting...

The Need for Corporate Governance Poor Governance can harm national economic performance. Poor disclosures and audit procedures result in deteriorating financial conditions of the Corporations. Poor governance undermines the confidence in the markets and hold the financial system hostage.

What is Corporate Governance It is a means to maximize long term shareholder value in a legal and ethical manner ensuring fairness, courtesy and dignity in all transactions of the Company. It refers to the guideline, procedures, rules for decision making. It suggests how to monitor the...

Problems in Corporate Governance  Public sector units :They are merely extended arms of government and total administrative control is in the hands of ministry. For example: selection of CEO board has very little say, decision is taken by the government through the concerned ministry with...

Advantages of Corporate Governance  Balancing entrepreneurship with appropriate control mechanisms  Stronger engagement of shareholders leads to more supportive shareholders base  Transparency leads to optimal development of overall company value  Protecting their reputation

Corporate Governance guidelines and disclosures Board of Directors  Board must meet at least at least four times a year, with a maximum time gap of four months between two successive meetings. They must disclose following to their shareholders: • Dates of the meetings • The attendance of...

Members of Corporate Governance  Board of directors  Managers  Workers  Shareholders or owners  Regulators  Customers  Suppliers  Community

Promotion of corporate governance To promote better corporate governance, NFCG (National Foundation for Corporate Governance) is formed in partnership with: federation of Indian Industry (CII) Institute of Company Secretaries of India (ICSI) Institute of Chartered Accounts of...

1998 Confederation of Indian Industry (CII) -Desirable Corporate Governance: A Code Voluntarily followed by Bajaj Auto, Hindalco, Infosys, Dr. Reddy’s Laboratories, Nicholas Piramal, Bharat Forge, BSES, HDFC, ICICI. 1999 SEBI under Kumar Mangalam Birla designed a...

People in Focus under Corporate Governance in Insurance Insurers: It goes without saying that the insurers are the first and foremost party to be interested in good corporate governance practices in the insurance companies. Hence, it is the responsibility of the regulators to impose the...