• Essence of Corporate Governance




    Corporate governance

    Usually the company's philosophy on corporate governance is to attain the highest degree of transparency, accountability and integrity. The actual concept of corporate governance is to satisfy the aspirations of stack holders, customers, suppliers, leaders, employees, the shareholders as well as the expectations with the society. The Board of directors sports ths broad principles of corporate governance and direct the act of the corporation to achieve it's a vowed purpose of transparency, accountability and integrity.



    corporate governance definition
    Fundamental principles of corporate governance:



    The basic objective of corporate governance would be to maximize long term shareholder value. Therefore, good governance should address all issues that create a value addition for that organization and serve the interests of all of the stakeholders.



    Transparency:



    Transparency means accurate, adequate and timely disclosure of relevant information towards the stakeholders. Without transparency, it is impossible to make any progress towards good governance. Business heads should understand that transparency also creates immense shareholder value. But, information Sharing is hindered under the excuse of confidentiality. There's have to move towards international standards in terms of disclosure of data through the corporate sector and through all this to build up an advanced level of public confidence in operation. Once a company has public shareholding it is imperative that its commitment to financial transparency has to be total. The business is a trustee from the investors' money and also this responsibility in turn demands full disclosure. Corporations in India must learn how to use transparency and impeccable integrity because these will be the essential ingredients to increase their wealth and insightful the world. Transparency and disclosure are the pillars of corporate governance because they provide every one of the stakeholders with the information essential to judge whether their interests are increasingly being cared for.



    Accountability:



    Corporate governance a top down approach chairman, Board of directors and chief executives must fulfill their responsibilities to create corporate governance possible in Indian Industry. In companies with good governance, accountability is not just bottom up but in addition follows the opposite order. A department head is in charge of every decision adopted behalf of his department. Accountant also favors the goal of creating shareholder value.



    Merit based Management:



    A powerful board of directors is necessary to lead and support merit based management. The board must be a completely independent, strong and non- partisan body where the sole motive should be selection through business prudence. Though corporate governance is much broader than corporate management, an efficient and efficient administration of corporate sector is essential for meeting the desired objectives. Corporate governance ensures that long term strategic objectives and plans are established which the appropriate management structure is within place it achieve those objectives yet still time making certain the framework functions to keep the business's integrity, reputation and responsibility for the various stakeholders. Thus, corporate governance involves the broad parameters of reporting system accountability and control.



    Suggested Selection of items being contained in the Set of Corporate Governance in the Annual Reports of Boards:



    1. A brief statement on company's philosophy on code of governance.



    2. Board of Directors(BOD):



    - Composition and category of directors.

    - Attendance of each director on the BOD meetings and also the last Annual General Meeting.

    - Number of other BODS or Board Committees he/she can be a member or chairperson of.

    - Variety of BOD meetings held, dates on which held.



    3. Audit Committee:



    - Brief description of terms of reference.

    - Composition, names of members and chairperson.

    - Meetings of attendance in the past year.



    4. Remuneration committee:



    - Brief description of regards to reference.

    - Composition, names of members and chairperson.

    - Attendance in the past year.

    - Remuneration policy.

    - Specifics of remuneration to all or any the directors, depending on format in leading report.



    5. Shareholders Committee:



    - Name of non- executive director heading the committee.

    - Name and designation of compliance officer.

    - Variety of shareholders compliance officer.

    - Variety of shareholders complaints received up to now.

    - Number not solved to the satisfaction of shareholders.

    - Quantity of pending share transfer.



    6. General Body Meetings:



    - Location and time, where last Three Annual General Meetings held.

    - Whether special resolutions were afflicted by postal ballot last year, information on voting pattern.

    - Individual who conducted the postal ballot exercise.

    - Process of postal ballot.



    7. Disclosures:



    - Disclosures on materially significant related party transactions i.e., transactions from the company of material nature, using its promoters, the directors, the management, their subsidiaries or relatives etc., that may have potential conflict with all the interests of company as a whole.

    - Information on non- compliance by the company penalties, structures imposed around the company from the stock exchange, SEBI or any statutory authority, on any matter linked to capital markets, during the last three years.



    8. Method of communication:



    - Half yearly report shipped to each household of shareholders.

    - Quarterly leads to which web site, where displayed.

    - Where in addition, it displays official news releases.

    - The presentations built to institutional investors or to the analysts.



    9. General shareholder information:



    - Annual General meeting: Date, Time and Venue- Financial Calendar - Date of Book closure - Dividend payment date- Listing on stock markets - stock code - Rate data:- High low during each month in last financial year. Performance in comparison to broad based indices including BSE Sensex, CRISIL Index, etc.,

    - Registrar and Trade Agents: Share transfer system - Distribution of Share holding - dematerialization of shares and liquidity - Outstanding warrants or any convertible instruments, conversion date and certain effect on equity- Plant locations - address for correspondence.



    Way forward for Corporate Governance:



    Nowadays, more and more progressive companies are drawing and enforcing codes of conduct and accepting tougher accounting standards that are mandated by law. These tendencies will be further strengthened by a variety of forces like deregulation of economic reforms, disintermediation of economic sector reforms, institutionalization of capital markets, globalization of financial markets and tax reforms for block money transactions.


  • Commentaires

    1
    Lundi 30 Janvier 2017 à 13:29
    Thanks for the marvelous posting! I definitely enjoyed reading it, you could
    be a great author. I will be sure to bookmark your blog and will often come back at some point.
    I want to encourage that you continue your great
    writing, have a nice morning!
    2
    Mardi 14 Février 2017 à 00:27
    Thank you a lot for sharing this with all folks you actually realize what you are talking approximately!
    Bookmarked. Please additionally visit my web site =).
    We will have a hyperlink alternate agreement between us
    3
    Mercredi 8 Mars 2017 à 04:41
    Appreciate this post. Will try it out.
    4
    Jeudi 9 Mars 2017 à 00:41
    Soyez coupable d'avoir des cheveux sublimes et partagez votre produit #MostWanted.
    5
    Jeudi 9 Mars 2017 à 03:57
    Thank you for the good writeup. It in fact was a amusement account it.
    Look advanced to more added agreeable from
    you! By the way, how could we communicate?
    6
    Jeudi 9 Mars 2017 à 07:42
    I always emailed this blog post page to all my friends, as if like to read it after that my friends will too.
    7
    Vendredi 10 Mars 2017 à 08:32
    Article writing is also a excitement, if you know then you can write
    or else it is difficult to write.
    8
    Dimanche 12 Mars 2017 à 06:13
    Hello to every one, the contents present at this site are actually amazing for people knowledge, well,
    keep up the nice work fellows.
    9
    Vendredi 24 Mars 2017 à 05:53
    Hey there! Do you use Twitter? I'd like to follow you if that would be okay.
    I'm definitely enjoying your blog and look forward to
    new posts.
    10
    Lundi 27 Mars 2017 à 08:15
    I have been browsing online more than 4 hours today, yet I never
    found any interesting article like yours. It
    is pretty worth enough for me. Personally, if all web owners and bloggers made good content
    as you did, the web will be much more useful than ever before.|
    I could not refrain from commenting. Perfectly written!|
    I will immediately grab your rss feed as I can not find your e-mail subscription link or newsletter service.

    Do you've any? Kindly let me recognize in order that I may subscribe.
    Thanks.|
    It is appropriate time to make some plans for the future and it is time to be happy.
    I've read this post and if I could I wish to suggest you some interesting things or tips.
    Perhaps you could write next articles referring to this article.
    I want to read even more things about it!|
    It's perfect time to make some plans for the long run and it
    is time to be happy. I have read this submit and if I could I wish to suggest you some attention-grabbing things or
    advice. Perhaps you can write subsequent articles regarding this article.
    I wish to read even more things about it!|
    I have been browsing online more than 3 hours as of late, but I never discovered any interesting article like yours.

    It is pretty value enough for me. In my opinion, if
    all site owners and bloggers made good content as you did,
    the internet might be much more helpful than ever before.|
    Ahaa, its nice dialogue regarding this paragraph at this place
    at this web site, I have read all that, so at this time me also commenting here.|
    I am sure this article has touched all the internet people, its really really nice paragraph on building up new weblog.|
    Wow, this piece of writing is pleasant, my sister is analyzing these things, so
    I am going to tell her.|
    Saved as a favorite, I love your blog!|
    Way cool! Some extremely valid points! I appreciate
    you writing this write-up and also the rest of the site is really good.|
    Hi, I do think this is an excellent site. I stumbledupon it ;) I am going to
    return once again since i have saved as a favorite it.
    Money and freedom is the greatest way to change, may you be rich and continue to help other people.|
    Woah! I'm really digging the template/theme of this blog. It's simple, yet effective.
    A lot of times it's challenging to get that "perfect balance"
    between superb usability and visual appeal. I must say you have done
    a very good job with this. Additionally, the blog loads very quick for me
    on Firefox. Excellent Blog!|
    These are actually wonderful ideas in concerning blogging.
    You have touched some good things here. Any way keep up wrinting.|
    Everyone loves what you guys are usually up too.
    Such clever work and reporting! Keep up the amazing works
    guys I've incorporated you guys to my personal blogroll.|
    Hi there! Someone in my Myspace group shared this website with us so I came to take
    a look. I'm definitely enjoying the information. I'm bookmarking and
    will be tweeting this to my followers! Wonderful blog and outstanding
    design.|
    I love what you guys tend to be up too. This sort of
    clever work and coverage! Keep up the terrific works guys I've included you guys to our blogroll.|
    Hey there would you mind sharing which blog platform you're working with?
    I'm looking to start my own blog soon but I'm having a hard
    time selecting between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your design and style seems different then most
    blogs and I'm looking for something completely unique.
    P.S Apologies for getting off-topic but I had to
    ask!|
    Hi there would you mind letting me know which hosting company you're
    working with? I've loaded your blog in 3 different browsers and I
    must say this blog loads a lot quicker then most.
    Can you suggest a good web hosting provider at
    a honest price? Cheers, I appreciate it!|
    I really like it when folks get together and share opinions.
    Great site, keep it up!|
    Thank you for the auspicious writeup. It in fact was a amusement
    account it. Look advanced to more added agreeable from you!

    However, how can we communicate?|
    Hello just wanted to give you a quick heads up. The text in your
    post seem to be running off the screen in Internet explorer.
    I'm not sure if this is a formatting issue or something to do
    with web browser compatibility but I thought I'd post to let you know.
    The design look great though! Hope you get the problem fixed soon. Thanks|
    This is a topic that is near to my heart... Thank you! Where are your contact details though?|
    It's very trouble-free to find out any matter on web as compared
    to textbooks, as I found this piece of writing at this site.|
    Does your website have a contact page? I'm having problems locating it
    but, I'd like to send you an e-mail. I've got some recommendations for your blog you might be interested
    in hearing. Either way, great blog and I look forward to seeing it develop over time.|
    Hey there! I've been following your blog for a while now and
    finally got the bravery to go ahead and give you a shout
    out from Lubbock Texas! Just wanted to say keep up
    the great work!|
    Greetings from Ohio! I'm bored to tears at work so I decided to browse your blog on my iphone during lunch break.
    I enjoy the info you provide here and can't wait to
    take a look when I get home. I'm surprised at how
    quick your blog loaded on my mobile .. I'm not even using
    WIFI, just 3G .. Anyways, good site!|
    Its such as you read my thoughts! You appear to
    know a lot approximately this, such as you wrote the e book
    in it or something. I think that you simply can do with a few p.c.
    to power the message house a bit, however other than that, that
    is great blog. A fantastic read. I will certainly be back.|
    I visited various web sites but the audio feature for audio
    songs current at this website is in fact excellent.|
    Hi there, i read your blog from time to time and i own a similar one
    and i was just wondering if you get a lot of spam feedback?
    If so how do you stop it, any plugin or anything you can recommend?

    I get so much lately it's driving me mad so any support is very much appreciated.|
    Greetings! Very helpful advice in this particular
    article! It is the little changes that will make the biggest changes.

    Thanks for sharing!|
    I truly love your site.. Very nice colors & theme.
    Did you create this web site yourself? Please reply back as
    I'm trying to create my own blog and want to know where you got
    this from or what the theme is named. Thank you!|
    Hello there! This post could not be written any better! Looking through this post reminds me of my previous roommate!

    He constantly kept preaching about this. I am going to forward
    this article to him. Pretty sure he will have a great read.

    I appreciate you for sharing!|
    Whoa! This blog looks just like my old one! It's on a entirely different subject but it has pretty
    much the same page layout and design. Great choice of colors!|
    There is certainly a lot to find out about this issue.
    I really like all the points you made.|
    You made some decent points there. I looked on the net for more info about the issue and found most people will go
    along with your views on this web site.|
    Hello, I check your blogs like every week. Your story-telling style is awesome, keep up the good
    work!|
    I simply could not go away your web site before suggesting that I extremely enjoyed
    the standard info a person supply to your guests? Is going to be back
    often in order to investigate cross-check new posts|
    I need to to thank you for this wonderful read!! I certainly loved every little bit of
    it. I have got you book-marked to check out new things
    you post…|
    Hi there, just wanted to say, I enjoyed this post.
    It was helpful. Keep on posting!|
    Hi there, I enjoy reading all of your article. I wanted to
    write a little comment to support you.|
    I always spent my half an hour to read this website's
    articles every day along with a cup of coffee.|
    I always emailed this web site post page to all my associates, as
    if like to read it then my links will too.|
    My developer is trying to convince me to move to .net from
    PHP. I have always disliked the idea because of the
    expenses. But he's tryiong none the less. I've been using WordPress on several websites for about
    a year and am anxious about switching to another platform.

    I have heard fantastic things about blogengine.net.
    Is there a way I can import all my wordpress posts into it?
    Any kind of help would be really appreciated!|
    Howdy! I could have sworn I've been to this web site before but after browsing
    through many of the articles I realized it's new to
    me. Regardless, I'm definitely happy I found it and I'll be bookmarking it
    and checking back regularly!|
    Great work! This is the kind of information that are supposed to be shared around the internet.
    Disgrace on Google for not positioning this post upper! Come on over and seek
    advice from my site . Thanks =)|
    Heya i am for the first time here. I came across this board and I
    find It truly useful & it helped me out much.
    I hope to give something back and help others like
    you aided me.|
    Howdy, I do believe your web site might be having internet browser compatibility
    issues. Whenever I take a look at your website in Safari, it looks fine but when opening in IE, it's
    got some overlapping issues. I just wanted to provide you with a quick heads up!
    Besides that, fantastic blog!|
    A person necessarily help to make severely posts
    I might state. That is the first time I frequented your web page and to this point?
    I amazed with the research you made to make this actual put up extraordinary.
    Great activity!|
    Heya i am for the first time here. I came across this board and I to find It truly helpful
    & it helped me out much. I'm hoping to offer one thing
    again and help others like you aided me.|
    Hey there! I simply want to offer you a huge thumbs up for your excellent info you
    have right here on this post. I will be coming back to your website for more soon.|
    I every time used to study paragraph in news papers but now as I am a user
    of net therefore from now I am using net for articles or reviews, thanks to web.|
    Your way of describing everything in this article is truly pleasant, all can effortlessly know
    it, Thanks a lot.|
    Hello there, I discovered your web site via Google at the same time as searching for a similar subject, your
    web site came up, it appears to be like good. I've bookmarked it in my google bookmarks.

    Hi there, simply became aware of your blog through Google, and found that it is
    truly informative. I am gonna watch out for brussels.
    I will appreciate should you proceed this in future.

    Lots of other folks shall be benefited out of your writing.
    Cheers!|
    I'm curious to find out what blog system you have been using?
    I'm having some small security problems with my
    latest website and I would like to find something more
    risk-free. Do you have any solutions?|
    I am extremely impressed with your writing skills
    as well as with the layout on your weblog. Is this a paid theme or
    did you modify it yourself? Either way keep up the
    nice quality writing, it's rare to see a nice blog like this one today.|
    I am extremely inspired with your writing talents as neatly as with the structure on your blog.
    Is this a paid subject matter or did you customize it your
    self? Either way keep up the nice quality writing, it is uncommon to look a nice weblog
    like this one nowadays..|
    Hello, Neat post. There's an issue with your site in web explorer, could check this?
    IE nonetheless is the market leader and a large component of other people will pass over your wonderful writing because of this problem.|
    I am not sure where you're getting your info, but
    great topic. I needs to spend some time learning
    much more or understanding more. Thanks for great information I was looking for this info for my mission.|
    Hello, i think that i saw you visited my website thus i came
    to “return the favor”.I'm trying to find things to enhance my
    website!I suppose its ok to use {some of|a few
    \
    11
    Dimanche 2 Avril 2017 à 04:53
    Hi! I've been following your blog for a long time now and finally got the
    bravery to go ahead and give you a shout out from Huffman Texas!
    Just wanted to say keep up the good job!
    12
    Lundi 3 Avril 2017 à 10:58
    Awesome article.
    13
    Vendredi 7 Avril 2017 à 16:53
    I love what you guys tend to be up too. This type of clever work and coverage!
    Keep up the fantastic works guys I've added you
    guys to blogroll.
    14
    Mardi 18 Avril 2017 à 18:19
    Wow that was unusual. I just wrote an really long comment but
    after I clicked submit my comment didn't appear.
    Grrrr... well I'm not writing all that over again. Anyhow, just wanted to say fantastic blog!
    15
    Mercredi 3 Mai 2017 à 07:41
    Volviendo al Porno Español”, nos agrada cuidar a los detalles, y de ahí que intentamos que
    todos los vídeos que publicamos estén bien identificados en lo que
    se refiere a los nombres de las actrices, incluyendo una pequeña descripción por si deseas más información sobre las actrices actores.
    16
    Vendredi 12 Mai 2017 à 06:49
    You're so awesome! I don't suppose I have read through
    a single thing like this before. So great to find another
    person with a few unique thoughts on this subject. Really..
    thanks for starting this up. This website is one thing that is required on the web, someone with a bit
    of originality!
    17
    Samedi 13 Mai 2017 à 03:27
    I simply couldn't leave your web site before suggesting that I really
    loved the standard info a person supply on your guests?

    Is gonna be again regularly to check out new posts
    18
    Samedi 13 Mai 2017 à 07:39
    Wow, amazing weblog structure! How long have you
    been blogging for? you make blogging glance easy. The total
    glance of your site is magnificent, as smartly as the content!
    19
    Jeudi 6 Juillet 2017 à 05:25
    Hi there, yup this post is actually nice and I have learned lot of things from it regarding blogging.
    thanks.
    20
    Samedi 26 Août 2017 à 12:49
    Hmm it seems like your site ate my first comment (it was
    super long) so I guess I'll just sum it up what I had written and
    say, I'm thoroughly enjoying your blog. I too am an aspiring blog blogger but I'm still new to everything.

    Do you have any points for newbie blog writers? I'd genuinely appreciate it.
    21
    Vendredi 18 Juin à 17:54
    Hi to every body, it's my first visit of this web site; this webpage carries remarkable and really fine material in support of readers.
    Suivre le flux RSS des commentaires


    Ajouter un commentaire

    Nom / Pseudo :

    E-mail (facultatif) :

    Site Web (facultatif) :

    Commentaire :