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Corporate Governance
Introduction
Meaning &Definition:Corporate governance is a process
or a set of system to ensure that the
company is managed in the best
interest of all.
It is a process whereby, directors
are entrusted with responsibilities &
duties in relation to the direction of
corporate affairs.
Corporate Governance
It is a process & a set of system which
include the structural & organizational
matters.
Stakeholders in Corporate
governance :1) Internal stakeholders
(Promoters, Directors, Members,
workman & executives.)
2) External stakeholders
(Shareholders, Customers, Lenders,
Dealers, Vendors, Bankers, Financial
institutions, communities, government,
& Regulators.)
Corporate Governance
Corporate governance is a voluntary
ethical code of business of companies.
It is concerned with the morals, ethics,
values, parameters, conduct &
behaviour of the company & its mgt.
It deals with laws procedures,
Practices & implicit rules that
determines a Companys stability to
take managerial decisions related to
its elements.
i.e. shareholders, creditors, state &
employees.
Corporate Governance
It refers to an economic, legal &
institutional environment that
allows companies to diversity,
growth, restructure, and exit & do
everything necessary to maximize
long term shareholders value in a
legal & ethical manner, ensuring
fairness, courtesy & dignity in all
transactions within & outside the
company.
Corporate Governance
It is concerned with accountability,
morals, ethics, values,
parameters, conduct & behavior
of the company & its
management towards the
stakeholders .