2. Corporate Governance
Definition
Objectives
Key constituents
Other Main Constituents
Organizational Frame Work
Committees
Benefits
Limitations
Suggestions and Opinions
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3. Definition
A set of systems, processes, principles which ensure that a
company is governed in the best interest of all stakeholders
Good corporate governance=good business
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4. Objectives
Adequate disclosures
Effective decision making
Transparency
Statutory and legal compliances
Protection of shareholder Interests
Commitment
Accountability and responsibility
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6. Other main constituents
Role And Powers Of Board
Legislation
Code Of Conduct
Board Independence
Board Skills
Management Environment
Board Appointments
Board Inductions And Training
Board Meetings
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7. Contd….
Financial And Objectives Reporting
Monitoring Board Performances
Audit Committee
Business And Community Obligations
Risk Management
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8. Governing Authority
Ministry of Corporate Affairs (MCA)
Naresh chandra committee (2002)
Securities Exchange Board of India (SEBI)
Kumaramangalam Birla committee report- clause 49 of the listing
agreement
N.R.Narayana murthy and committee- to review clause 49
Financial and non-financial disclosures
Independent auditing board
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9. Benefits
Industrial Economy Country’s Economy
Confidence Of Investors-foreign And Domestic
Retainment Of Best Human Capital
Stable Sources Of Financing
Stability And Growth To The Enterprise
Fairness With Stakeholders
Increases Operational Performance Of A Company
Strategic Thinking
Monitoring Of Risk Factors
Limiting Liabilities
Integrity Of Financial Reports
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10. Limitations
Beyond the realm of law
Need for evolution of new systems of corporate governance
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11. Suggestions and Opinions
Quality Audit
Accountability Of CEOs And CFOs
Quality And Effective Legal, Administrative And Regulatory
Frame Work
Compliance With Code, Principles And Requirements
Financial And Non-financial Disclosures
Transparency In Administration
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