Professional Documents
Culture Documents
GOVERNANCE
Mahipal Singh
Kheechee
MBA 3 rd Sem.
INTRODUCTION
SOME DEFINITIONS
Fairness
Responsibility
Transparency
Accountabilit
y
CORPORATE
GOVERNANCE
Accountability
Clarifying governance roles & responsibilities, and
supporting voluntary efforts to ensure the alignment
of
managerial
and
shareholder
interests
and
Transparency
Requiring timely disclosure of adequate information
concerning corporate financial performance
Responsibility
Ensuring that corporations comply with relevant
laws and regulations
values
Fairness
Ensuring the protection of shareholders rights and
the enforceability of contracts with service/resource
providers
Management
Banks and lenders
Customers
Shareholders
Employees
Environment &
the community at large
Regulators
Suppliers
10
7/14/15
A BALANCING ACT
REGULATION &
THERE
ENFORCEMENT
RISK
MANAGEMENT &
EFFECTIVE
GOVERNANCE
Internal corporate
governance controls
External corporate
governance controls
Competition
Debt covenants
Internal control
procedures and internal
auditors
Government
regulations
Balance of power
Remuneration
Performance
Managerial labor
market
Monitoring by large
shareholders
Media pressure
Takeovers
CONTD
Control Environment
Transparent disclosure
Board commitment
Control Environment
Transparent Disclosure
Web-based disclosure
International
Board Commitment
The company is
governance leader
recognized
as
corporate
Other Entities
pension
was
more
or
less
Satyam Scandal
Satyam Scandal
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2014
Conclusion
promote
the