Principles of Corporate Governance
Principles of Corporate Governance
The rights of shareholders
The equitable treatment of shareholders
The role of stakeholders in corporate governance
Disclosure and transparency
The responsibilities of the board
FUNDAMENTAL ISSUES IN CORPORATE GOVERNANCE
TRANSPARENCY IN RESPECT TO COMPANY AFFAIRS AND COMPLETE DISCLOSURE OF ALL ADVERSE FACTORS AFFECTING A COMPANY
ACCOUNTABILITY OF DIRECTORS IN COMPLIANCE OF LAWS AND REGULATIONS
FAIRNESS IN REPORTING OF ALL DEALINGS
RESPONSIBILITY ON PART OF DIRECTORS FOR BUSINESS DEALINGS INCLUDING CULPABILITY OF PUNISHABLE OFFENCES eg CULPABILITY OF K.C.MAHINDRA IN UNION CARBIDE CASE (HOMICIDE DUE TO NEGLIGENCE?) AND ROLE OF AMRI DIRECTORS IN KOLKATTA
FOCUS OF CORPORATE GOVERNANCE
ELECTION OF DIRECTORS BY SHAREHOLDERS(STATEMENT BY SWRAJ PAUL ON DCM AND ESCORTS)
ACCOUNTABILITY OF DIRECTORS FOR DECISIONS TAKEN(PASSING THE BUCK GAME AT SATYAM-ONLY RAJU KNEW)
ADOPTING ACCOUNTING STANDARDS AND INFO GIVEN TO BOARD (CLAUSE 49 ACCURACY,TRUTHFULNESS, TRACEABILITY AUTHORIZATION-SATYAM BALANCE SHEET HOW SIPHONED MONEY WAS ACCOUNTED AND AUDITED) )
ADHERENCE TO LAWS AND REGULATIONS
CORPORATE GOVERNANCE CONSTITUENTS
RISKS-MANAGEMENT SHOULD DISCLOSE ALL RISKS WHICH COMPANY FACES
PROTECTION-SHAREHOLDER INTEREST SHOULD BE PROTECTED FAIRLY THRU MGT SHARE VALUE
CONTROL OF MATERIAL TRANSACTIONS WITH RELATED PARTIES
PREVENTION- OF FRAUDS AND MISSTATEMENTS
TRANSPARENCY-FULL DISCLOSURE OF INFORMATION TO ENABLE SHAREHOLDERS TO EVALUATE MANAGERS
DISCLOSURES- MATERIAL RELATED TRANSACTIONS AND CERTIFICATION OF CORRECTNESS OF FINANCIAL DATA
Sarbanes-Oxley (SOX) Act of 2002