*AAKASHAYA
PATRA SEVEN STAR SMART EDUCATION SERIES PART – 45 :* 17.05.2020
Corporate Governance
Information
An Important Part of Company's
Annual Report!
Corporate governance is the system of rules, practices and processes
by which a company is directed and controlled and involves balancing the
interests of many stakeholders of a company, such as customers, suppliers, shareholders,
management, financiers, government and the community. It is mandatory to
include the corporate governance report in the annual report of the company.
The importance of good corporate governance has increased phenomenally ever
since one of the biggest corporate frauds in India was unearthed at Satyam
Computer Services in 2009.Since then, the Ministry of Corporate Affairs (MCA)
and Securities and Exchange Board of India (SEBI) have undertaken various
initiatives for the corporate governance.
When corporate governance guidelines are executed effectively, they
can help to prevent corporate scandals, frauds and civil or criminal liability
of the company. The corporate governance report gives details about company's
corporate governance philosophy, composition of board of directors of the
company, brief background of executive directors and independent directors of
the company, attendance of these directors in board meetings and annual general
meeting, remuneration of directors, appointment/re-appointment of directors,
composition of various sub-committees like - audit committee, nomination and
remuneration committee, stakeholder’s relationship committee, CSR Committee,
risk management committee, etc, code of conduct of company, important disclosures,
means of communications, CEO / CFO Certifications,general shareholder
information, stock price performance, distribution of company's shareholding,
auditors certificate of corporate governance, etc.
FOR MORE SUCH TYPE OF EDUCATION JOINT OUR ONLINE SERIES AND
BATCHES AND BE A PRO TRADER CONTACT ON 7028 421 786.
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