corporate governance

17

Upload: rodneydavid007

Post on 07-Aug-2015

75 views

Category:

Leadership & Management


1 download

TRANSCRIPT

Group Members

• Deepika Wilson• Jovita Sambyal• Lavita Lasrado• Stephy Sol Verghese• Rodney David-05

Challenges

To achieve excellence in Corporate Governance

To permanently meet the mix of strict legal regulations regulatory requirements softer best practice guidelines

Global applicability versus compliance with local jurisdiction

Conflicting rules in a transborder environment

Timely implementation of best Corporate

Governance throughout the Group

Consistency in internal rules and regulations

Internal controls and documentation

Education and Training

Dominations and monopoly of family firms.

High level of corruption, become visible only

after a revelation of big financial scam.

Weak and non-transparent monitoring system

Lack of respect for shareholders and low

financial disclosure

Shareholder structure

Revenue risk

Track record

Lack of options

Tone at the top

Outlook

More transparency

Enhancement of shareholder rights

Focus on conflicts of interests

Tightening of independence standards

Professionalism

Rating

Overall Context of Corporate Governance

Educating the unethical

Impossible to legislate credibility

Transparent principles not just strict rules

Spirit not just the letter

Substance not just form

Top representatives as role models

Recommendations

Value based corporate culture

Holistic view

Compliance with law

Disclosure, Transparency and Accountability

Human Resource Management

Innovation

Necessity of Judicial Reform