18-04-2014, 10:17 AM
ETHICS AND CORPORATE GOVERNANCE IN INDIAN BUSINESS
CORPORATE GOVERNANCE.pptx (Size: 240.42 KB / Downloads: 32)
INTRODUCTION
Corporate governance is "the system by which companies are directed and controlled”.
External stakeholders: Shareholders, debt holders, trade creditors, suppliers, customers and communities.
Internal stakeholders: BOD, Executives and other employees.
Theme of corporate governance is the nature and extent of accountability of people in the business.
Governance structure of a country protects the investors from expropriation by managers and large shareholders.
According to the Kumaramangalam Birla Committee ―Corporate governance and ethics is the system by which companies are directed and controlled.
Boards of directors are responsible for the governance of their companies.
The Ministry of Corporate Affairs (MCA) is the main authority for regulating and promoting corporate governance.
INFOSYS
Satisfy the spirit of the law and not just the letter of the law.
Be transparent and maintain a high degree of disclosure levels.
Make a clear distinction between personal conveniences and corporate resources
Comply with the laws in all the countries in which we operate
Have a simple and transparent corporate structure driven solely by business needs
Management is the trustee of the shareholders' capital and not the owner.
MICROSOFT
Integrity and honesty
Passion for customers, partners, and technology
Open and respectful with others and dedicated to making them better
Willingness to take on big challenges and see them through
Self-critical, questioning, and committed to personal excellence and self-improvement
Accountable for commitments, results, and quality to customers, shareholders, partners, and employees.