1. B.Ravikiran
Balakrishna
Rubina
1

2. Corporate Governance
Definition
Objectives
Key constituents
Other Main Constituents
Organizational Frame Work
Committees
Benefits
Limitations
Suggestions and Opinions
2

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
3

4. Objectives
Adequate disclosures
Effective decision making
Transparency
Statutory and legal compliances
 Protection of shareholder Interests
Commitment
Accountability and responsibility
4

5. Key constituents
Board of directors
Shareholders
Management
5

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
6

7. Contd….
Financial And Objectives Reporting
Monitoring Board Performances
Audit Committee
Business And Community Obligations
Risk Management
7

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
8

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
9

10. Limitations
Beyond the realm of law
Need for evolution of new systems of corporate governance
10

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
11

12. 12