Measures of Good Governance

Agenda

Corporate Governance
Good Governance & its Characteristics Institutes measuring Corporate Governance

CRISIL ICRA

Conclusion

Corporate Governance

Commitment to values and ethical business conduct. It is reflected in fair, transparent, and responsible interactions among a company's management, board of directors, shareholders, and other stakeholders.

Good Governance
Good Governance assures that

Corruption is minimized Views of minorities are taken into account Voices of the most vulnerable in society are heard in decision making

Characteristics of Good Governance

Measures of Corporate Governance

Corporate Governance Ratings

CRISIL ICRA

CRISIL

CRISIL is a global analytical company providing ratings, research, and risk and policy advisory services. India's leading ratings agency. Foremost provider of high-end research to the world's largest banks and leading corporations.

Deliver analysis, opinions, and solutions that make markets function better.

Criteria for CRISIL Rating

Equal treatment to all shareholders Composition of Board of Directors

Transparency and Disclosures

Management Assessment Value Creation for stakeholders

CRISIL Rating Process

CRISIL's ratings process is designed to ensure that all ratings are based on the highest standards of independence and analytical rigor.

ICRA

ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) was set up in 1991 by leading financial/investment institutions, commercial banks and financial services companies as an independent and professional Investment Information and Credit Rating Agency

ICRA Credit Rating

ICRAs Corporate Governance Rating (CGR) is meant to indicate the relative level to which an organization accepts and follows the codes and guidelines of corporate governance practices.

Distribution of rights and responsibilities Rules and procedures laid down

Disclosure standards and level of transparency followed.

Value creation and value management for all stakeholders.

Benefits of ICRAs CGR and SVG Ratings

Raising funds Listing on the stock exchange

Dealing with third parties like creditors

Improving image/credibility

Improving valuation

Impact of Good Corporate Governance

Sustainability: Helps company to sustain itself in long run Visibility: Builds credibility of the Company among the stakeholders Liquidity: Attracts Investors for volume of trading Market perception: Influences the perception of the people about the company

13

Names of Companies with CGR Rating

Conclusion
Important measures of Good Corporate Governance

Equality

Transparency
Disclosures Value Creation

Thank You