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    Presented by Group No: 117 Godwin Varghese Jithin J Kumar Lakshmi A

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    This document discusses corporate governance and codes of corporate governance in India. It provides an overview of what corporate governance is, how it addresses major organizational issues, and examples of corporate governance codes from different countries. It then summarizes India's approach to corporate governance, including a report from the Kumaramangalam Birla committee and a CII code from 1997. Finally, it outlines key aspects of Reliance Industries' own corporate governance code such as commitment, board structure, transparency, and corporate ethics.

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    Presented by Group No: 117 Godwin Varghese Jithin J Kumar Lakshmi A

    Uploaded by

    godwinggg21
    53 views14 pages
    This document discusses corporate governance and codes of corporate governance in India. It provides an overview of what corporate governance is, how it addresses major organizational issues, and examples of corporate governance codes from different countries. It then summarizes India's approach to corporate governance, including a report from the Kumaramangalam Birla committee and a CII code from 1997. Finally, it outlines key aspects of Reliance Industries' own corporate governance code such as commitment, board structure, transparency, and corporate ethics.

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    Corporate Gov.

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    This document discusses corporate governance and codes of corporate governance in India. It provides an overview of what corporate governance is, how it addresses major organizational issues, and examples of corporate governance codes from different countries. It then summarizes India's approach to corporate governance, including a report from the Kumaramangalam Birla committee and a CII code from 1997. Finally, it outlines key aspects of Reliance Industries' own corporate governance code such as commitment, board structure, transparency, and corporate ethics.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    53 views14 pages

    Presented by Group No: 117 Godwin Varghese Jithin J Kumar Lakshmi A

    Uploaded by

    godwinggg21
    This document discusses corporate governance and codes of corporate governance in India. It provides an overview of what corporate governance is, how it addresses major organizational issues, and examples of corporate governance codes from different countries. It then summarizes India's approach to corporate governance, including a report from the Kumaramangalam Birla committee and a CII code from 1997. Finally, it outlines key aspects of Reliance Industries' own corporate governance code such as commitment, board structure, transparency, and corporate ethics.

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    Presented by Group No: 117

    GODWIN VARGHESE
    JITHIN J KUMAR
    LAKSHMI A
    CORPORATE GOVERNANACE ???
    Corporate governance is the system by which business
    corporations are directed and controlled.
    A corporate governance structure specifies the distribution
    of rights and responsibilities among different participants
    in the corporation such as board members, shareholders
    and other stakeholders, and, spells out the rules and
    procedures for making decisions on corporate affairs.
    Corporate governance starts with organizational
    objectives. The objectives have more governance
    orientation.
    It is primarily guided by the shareholders.
    It concentrates on organizational structure, rules,
    procedures and systems for better governance.
    The effectiveness of corporate governance is judged
    mostly by financial results in addition to some social
    responsibilities.
    Corporate governance should
    address:
    Three major issues of an organization:

    What is the purpose goal of an organization
    Whom the organization should be serving
    How best to serve their interest
    CODE OF CORPORATE
    GOVERNANCE
    A number of developed countries have documented
    corporate codes appropriate to their business,
    economic and social systems.
    Treadway report,greenbury report,cadbury report and
    vienot report are some examples of the development of
    country specific codes of corporate governance.
    Many feel that corporate governance code should first
    focus on listed companies. These companies are
    financed largely by public money(equity or debt) and
    therefore need to follow codes which make them
    accountable to the investing public. There is however a
    divergence of opinion about beneficiaries of corporate
    governance in such companies.
    The Anglo-American system tends to focus on
    shareholders and various creditors. Continental
    Europe, Japan and south Korea believe that company
    should also discharge their obligations towards
    employees, local communities, suppliers and ancillary
    units
    Corporate governance practices in
    India:
    In India Kumaramangalam Birla committee
    deliberated on corporate governance practices. The
    report states that:
    Corporate governance extends beyond corporate law.
    Its fundamental objective is ensuring the boards
    commitment in managing the company in a
    transparent manner for maximizing long term
    shareholder value.
    In Indian conditions a statutory code would be more
    purposive and meaningful than a voluntary code.

    Confederation of Indian industry:
    Report titled:
    Desirable corporate governance in India - A code[1997]
    It deals with:
    corporate governance in the context of liberalization of
    Indias economy
    Its integration with the global economy and
    Indias international competitiveness.
    Code of corporate governance in
    Reliance Industries:

    commitment
    board structure
    business policy
    transparency and disclosure
    corporate ethics
    Code of corporate governance in
    reliance industries:
    COMMITMENT : To achieve highest international
    standards of corporate governance. Reliance believes
    that its key decisions must serve the goals of
    enhancing shareholders value over a sustained period
    of time and achieve measurable performance targets
    set by the company.
    BOARD STRUCTURE: reliance governance philosophy
    stipulates that the board of directors is a balanced one
    and gives adequate representation to all stakeholders
    and provide the company with the benefits of
    accumulated skills, experience and wisdom of an
    independent body of professional. To assist the board,
    different committees were constituted.

    BUSINESS POLICY: It includes fair market practices,
    transparency in appointment of agents, consultants
    and representatives, maintenance of proper records,
    accounting and financial integrity, personal conduct,
    quality standards and maintenance of healthy and
    safety environment.

    TRANSPERACY AND DISCLOSURE: to promote
    better governance. Its accounting practices conform to
    the highest accounting standards including USGAAP
    and International Accounting Standards.

    CORPORATE ETHICS : the company strongly believes
    that an effective corporate governance process rests
    heavily on integrity, efficiency and interpersonal
    relationships.

    REFERENCE:

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