Professional Documents
Culture Documents
PRESENTED TO:
PRESENTED BY:
MR. MUKHARJEE
SWATI (MBA II YEAR)
Corporate governance links directly to three fundamental functions of boards and the directors of the companies and shareowners they serve. They are: Protecting
Security Scams ---Harshad Mehtha Security Scam Equity allotments at discount rates to the controlling groups Disappearance of Companies (1993-94) - around 4,000 companies with 25,000 crores without starting business Misdeed of Companies Plantation, Sheep rearing, etc.
2)
Impact of Globalization
Integration with Foreign Market Foreign Investors expectations New Business Opportunities --- IT & ITES, BPO etc., New Capital formation FII, FDI
3)
Impact of Privatisation
Focusing on the purpose of the authority. Informed and transparent decisions. Developing the capacity. Engaging with local people and stakeholder.
It represents the relationship among stakeholders that is used to determine & control the strategic direction & performance of the organization. It involves oversight in areas where owners, managers & members of board director may have conflicts of interest.
Improvements in corporate governance in Indian companies seem largely to be voluntary and driven by globalization. Companies that wish to access markets for capital are becoming increasingly transparent and are more willing to adopt higher corporate governance standards. These governance changes are having a trickle-down effect on smaller Indian companies.
Conclusion.
Retain stakeholders, Access foreign capital, Become a reputable company to export globally, Desire to become multinational companies, THEN, It is important to understand the ways to improve the corporate governance for as long as we keep our economy free and open.