corporategovernance presentation

7/28/2019 CorporateGovernance Presentation

1/19

Transparency 10-1

Corporate Governance

Prepared BySachin Mishra72

Shrikant Gosavi-Gaurish Chaulkar-51

Haaris Baraskar-49

Ratnesh Waghmare-80

Submitted to

Prof-Shweta Rode


2/19

Transparency 10-2

Governance Concept in

Ramayana

To provide the maximum happiness for the

maximum number of people for the maximumperiod, based on the principles of Dharma

righteousness and moral values.

- Ayodhya Kand


3/19

Transparency 10-3

Corporate Governance is the application ofbest management practices, Compliance of lawin true letter and spirit and adherence toethical standards for effective management

and distribution of wealth and discharge ofsocial responsibility for sustainabledevelopment of all stakeholders.

-The Institute of Company Secretaries of India


4/19

Transparency 10-4

Corporate governance is a set of

system and process to ensure that a company is

managed to suit the best interest of all stakeholders

The stakeholders may be

promoters,

members,

workmen,executives,

shareholders,

customers,

lenders,

vendors,bankers, community government and regulator

It is a system of

making management accountable to the stakeholders


5/19

Transparency 10-5

Driving Forces of CG in India

1) Unethical Business Practices Security Scams

Unfair trade practics

Misdeed of Companies

Plantation, Sheep rearing, etc.

2) Impact of Globalization Integration with Foreign Market

Foreign Investors expectations

New Business Opportunities --- IT & ITES, BPO etc.,

New Capital formation FII, FDI

3) Impact of Privatisation New structure of ownership

Multinational Companies


6/19

Transparency 10-6

The principle objective of good corporate governance is to enhance

the value of shareholder. Corporate governance focuses on:

1. Building a structure and rules to govern a

company board of director.

2. Creating independent audit committees made

up of enterprise's board members

3. Ensuring disclosures of all relevant information to shareholdersand creditors, including business risk analyses and

4. Controlling management


7/19Transparency 10-7

It is important to serve the interests of multiple

stakeholder groups

Corporate Governance and Ethical Behavior

Business ethics are moral principles

Ethics refer to the code of conduct that guides the individual

while dealing in the situation.

It relates to the social rules thatinfluence people to be honest in dealing with other people.



Objectives of corporate governance

High standards of business ethics

Right balance, knowledge and competence

Information

Decision making process

Reputation of the corporation



Principles of good corporate governance

Equitable treatment of stakeholders

Transparency

Rewards

Vision



Cont

Rights of company owners

Responsibility

Accountability



Business Ethics

The value of what should be done and

what should not be done from the

business point of view.



Ethical issues for business

Product safety standards

Advertising contents

Working environment Unauthorized payments

Employees privacy

Environmental issues



Corporate Governance with Business ethics

Corporate governance is the function of a companys compliance

with regulatory requirements and, to the extent that it is not

required by law, its adherence to standards that

define relationships between a companys management, its

board, shareholders and other stakeholders

provide a structure through which the companys

objectives are set, and how they are achieved and monitored

recognize the value of business ethics and corporate

awareness of society interests to reputation and long-term

success



Relationship

Business ethics and corporate governance are twosignificant factors that impact a company and how itoperates. Business ethics represent the values,principles or characteristics that a company followswhen conducting business in the economy.

Corporate governance is the internal framework that acompany designs and implements to govern andprotect those invested into the company. Therelationship between ethics and governance comesfrom an organizations owner or executive managers,who create the governance and decide which ethicalprinciples employees will follow
http://www.wisegeek.com/what-are-business-ethics.htmhttp://www.wisegeek.com/what-is-corporate-governance.htmhttp://www.wisegeek.com/what-is-corporate-governance.htmhttp://www.wisegeek.com/what-are-business-ethics.htm



The relationship between Law and

Ethics

The law is an expression of the ethical

beliefs of our society

The law cannot codify requirements.

therefore an action might be unethical yet

not necessarily illegal

Similarly, just because an act is illegal

does not necessarily mean it is immoral



How ethics can make corporate

Goverance more meaningful

Corporate governance is meant to run companies

ethically in a manner such that all stakeholders

Good corporate governance should look at allstakeholders and not just shareholders along

Corporate governance is not something which regulators

have to impose on a management, it should come from

within. There is no point in making statutory provisions

for enforcing ethical conduct



The elements of corporate governance, inter-relationship between

business ethics and corporate governance with reference to some of the

Indian companies

Dr. Reddy's Lab

The Mastek

HDFC



CONCLUSIONS

We need to do is to apply the principles ofgood governance to the whole corporation.This could be described as: "looking atManagement through Corporate

Governance-tinted glasses" i.e. taking a freshlook at management structure taking intoaccount all interested parties and ensuring allthe necessary monitoring and controls are in

place to ensure that shareholder value isalways at the forefront.


19/19Transparency 10 19

CONCLUSIONS

"Effective corporate governance ensures that

long-term strategic objectives and plans are

established, and that the proper management

and management structure are in place toachieve those objectives, while at the same time

making sure that the structure functions to

maintain the corporations integrity, reputation,

and accountability to its relevantconstituencies."

corporategovernance presentation

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