Corporate Governance

Corporate GovernanceIFRS FAIR VALUE AND CORPORATE GOVERNANCE WITH CASE STUDY ANALYSIS 1/31/2010Royale Business SchoolName :- Maulik JaniRoll No :- 30 Introduction Corporate governance IFRS Corporate Governance A system of structuring, controlling a company with a view to achieve goal to satisfy stakeholders, and complying with legal & regulatory requirements apart from meeting environmental & local needs. In other word Corporate Governance The term corporate governance refers to all the activities, policies, personnel, regulations and reporting which is related to the control of the company’s actions. Corporate governance is done through all those individuals who have a controlling influence in a corporation such as creditors or stock holders. It focuses on reducing principal-agent problems and undermines stakeholders view in company operations. Corporate governance is at the centre of attention in today’s business world. This is greatly due to the large number of stakeholders whose wealth and interests are at stake in the business. What has further highlighted corporate governance today has been the increasing influence and awareness of these stake holders. With out sound corporate governance a business cannot survive. Corporate governance is not just related to core business activities. Good corporate governance caters to various other issues present in the society. Corporations today have developed a concept of corporate social responsibility. The major components of corporate governance comprise of company policies, Board of Directors, the role of the CEO, creditors, Stockholders, regulators, reporting and maintaining overall transparency about the business operations. Corporate governance can be both good and bad. The Securities and Exchange Commission try’s to ensure that sound corporate governance is maintained in all businesses by regulating corporations. Further business expansion is also dependent on sound corporate governance. Components of corporate governance Corporate governance is not just related to human elements. As mentioned earlier, it comprises of all the policies, practices, activities, individuals and stakeholders of the business. The Major components of corporate governance could be stated as: The Board of Directors The Upper Management The Stock holders The Regulators and other Stakeholder institutions Reporting Company Policy Company Activity The CEO, Company Secretary, and CFO Meetings CASE STUDY ANALYSIS LACK OF CORPORATE GOVERNANCE In Case of SATYAM COMPUTERS In satyam computer case this is the main problem because here every decision taken by the Mr.Ramalinga Raju in not in the favour of shareholders and stakeholders . So the six independent director’s quit the satyam board . It shows the lack of corporate governances in the company. ,[object Object],Thank You Very Much

Corporate Governance

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Viewers also liked

Viewers also liked (7)

Similar to Corporate Governance

Similar to Corporate Governance (20)

Recently uploaded

Recently uploaded (20)

Corporate Governance