181x Filetype PPTX File size 0.11 MB Source: www.icsi.edu
More Governance Less Government –how much Government should do? – Government to • become a facilitator • allow persons to manage their affairs diligently and in transparent manner and • supervise from a distance through rules and regulations OECD Principles of Corporate Governance • the rights of shareholders, • The equitable treatment of shareholders, • The role of stakeholders in corporate governance, • Disclosure and transparency and • The role of the board of directors. The Role of the Board • Board members to act with due diligence and care in the best interest of the company. • Board to ensure compliance with applicable laws and take into account the interest of stakeholders. • Board to carry out all key functions: • Reviewing corporate strategy, risk policy, budgets, business plans and monitor performance. • Selecting, compensating key executives. • Monitor and manage potential conflict of interest of management including misuse of corporate assets and abuse of related party transactions Committees of the Board • Sec 177: Audit Committee, • Sec 178(1): Nomination and Remuneration Committee and • Sec 178(5) : Stakeholders Relationship Committee. Board Committees under SEBI Regulations • the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (issued on 2nd September, 2015) applicable after the expiry of 90 days from 2nd September, 2015. • Committees of the Board: –Audit Committee –Nomination and Remuneration Committee –Stakeholders’ Relations Committee –Risk Management Committee
no reviews yet
Please Login to review.