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    Corporate Excellence

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    Jyoti Waindeshkar
    The document discusses good corporate governance practices that benefit all stakeholders. It outlines obligations to investors, employees, customers, and managerial obligations. Some examples of good corporate governance practices mentioned are informed shareholder participation, fair employment practices, quality products, protecting company assets, and the distinction between management and direction. The document also notes that surveys have found several major Indian companies like Infosys, HLL, and Wipro exemplify good governance practices in Asia. It discusses initiatives taken by the Department of Company Affairs in India to enhance corporate excellence through governance.

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    Corporate Excellence

    Uploaded by

    Jyoti Waindeshkar
    601 views14 pages
    The document discusses good corporate governance practices that benefit all stakeholders. It outlines obligations to investors, employees, customers, and managerial obligations. Some examples of good corporate governance practices mentioned are informed shareholder participation, fair employment practices, quality products, protecting company assets, and the distinction between management and direction. The document also notes that surveys have found several major Indian companies like Infosys, HLL, and Wipro exemplify good governance practices in Asia. It discusses initiatives taken by the Department of Company Affairs in India to enhance corporate excellence through governance.

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    The document discusses good corporate governance practices that benefit all stakeholders. It outlines obligations to investors, employees, customers, and managerial obligations. Some examples of good corporate governance practices mentioned are informed shareholder participation, fair employment practices, quality products, protecting company assets, and the distinction between management and direction. The document also notes that surveys have found several major Indian companies like Infosys, HLL, and Wipro exemplify good governance practices in Asia. It discusses initiatives taken by the Department of Company Affairs in India to enhance corporate excellence through governance.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    601 views14 pages

    Corporate Excellence

    Uploaded by

    Jyoti Waindeshkar
    The document discusses good corporate governance practices that benefit all stakeholders. It outlines obligations to investors, employees, customers, and managerial obligations. Some examples of good corporate governance practices mentioned are informed shareholder participation, fair employment practices, quality products, protecting company assets, and the distinction between management and direction. The document also notes that surveys have found several major Indian companies like Infosys, HLL, and Wipro exemplify good governance practices in Asia. It discusses initiatives taken by the Department of Company Affairs in India to enhance corporate excellence through governance.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 14

    CORPORATE EXCELLENCE

    GOOD CORPORATE GOVERNANCE

    Good Corporate Governance


    Bad Governance is being recognized as root cause of corrupt practices Corporations are expected to provide good governance to benefit all stakeholders Directors and management, urged by stakeholders and inspired by societal values, have an important role to play

    Good Corporate Governance


    Obligation to Investors Towards shareholders Informed shareholder participation Transparency Financial Reporting and Records

    Good Corporate Governance


    Obligation to Employees Fair employment Practices Equal Opportunities Employer Encouraging Whistle Blowing Humane Treatment Empowerment Equitable treatment and Inclusiveness Participative and Collaborative Environment

    Good Corporate Governance


    Obligation to Customers Quality of Products & Services Products at Affordable Prices Commitment to Customer Satisfaction

    Good Corporate Governance


    Managerial Obligation Protecting Company Assets Behavior towards Government Agencies Control Consensus Oriented Gifts and Donations

    Good Corporate Governance


    Managerial Obligation Distinction between Direction and Management Managing Directors and Whole-Time Directors

    Corporate Excellence
    According to a survey on Corporate Excellence carried out by Credit Lyonnais, three Indian cos.- Infosys, HLL and Wipro are amongst Asias top 10 corporations in terms of good governance practices. Also, ICICI, Cummins India, HDFC, Ranbaxy, Dr. Reddys Lab,Orchid chemicals and many Tata group cos. Share this honour.

    Initiatives of the Deptt. Of Company Affairs


    In May 2000, a group of leading industrialists, professionals and academics were invited to study and recommend measures to enhance corporate excellence in India. Examined the subject of Corporate Excellence through sound Corporate Governance

    Recommendations of the Task Force


    Greater role and Influence for nonexecutive, independent Directors Stringent punishment for EDs for failing to comply with listing and other requirements Limitation on the nature of and no. of directorship of managing and whole time directors

    Recommendations of the Task Force


    Proper disclosure to the shareholders and investing community Interested shareholders to abstain from voting on specified matters More meaningful and transparent accounting and reporting Tougher listing and compliance regimen through a centralized National Listing authority Code of public behavior for PSUs

    Corporate Excellence
    The Award for excellence in Corporate Governance, instituted in 1999, by the Ministry of Finance under the DCA is sponsored by DLF (formerly by Unit Trust of India).

    ICSI National Award for Excellence in Corporate Governance- 2010 Presented to Dr. Reddys Laboratories Limited and Larsen & Toubro Limited Hindustan Unilever-2011

    NATIONAL AWARDS Environment Management Award (GPEMA) Eco-Innovation Award (GPEIA) Occupational Health and Safety Award (GPOHSA) Award for Climate Security (GPACS) National Training Award (GPNTA) Innovation Award (GPIA) Award for Excellence in Corporate Governance (GPAECG) Award for Corporate Social Responsibility (GPAECSR) National Quality Award (GPNQA) Innovation Management Award (GPIMA) Innovative Product / Service Award (GPIPSA)

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