Corporate Governance – Guidelines

“Corporate Governance is the implementation in true form and essence of Professional Business Principles, conformity with laws and commitment to ethical criteria for the efficient control and allocation of resources and the discharge of social duty for the economic benefit of all stakeholders.” In addition to generating income, it envisages an organisation in which focus is put on upholding the social obligations against the stakeholders. Corporate Governance’s aims are to guarantee the following happen:

  1. Well appointed Committee prepared to take unbiased and rational decisions.
  2. In spite of Non-Executive and Elected Members the Committee becomes autonomous.
  3. Group adopts policies and activities which are open.
  4. Board provides an effective infrastructure to satisfy stakeholder interests.
  5. Control to track executive committee work.
  6. Well appointed Board willing to take unbiased and rational decisions.
  7. In spite of Non-Executive and Independent Directors the Committee becomes autonomous.
  8. Group adopts policies and activities which are open.
  9. Board provides an effective infrastructure to satisfy stakeholder interests.
  10. Control to track executive team work.
  11. Group stays in full charge of the Company’s affairs. Visit our website to get free information about theories of corporate governance

Effective Corporate Governance Elements:-

1. Board Function and Forces. 2. Regulation no. 3. Land Protection 4. Group Competencies 5. Group Appointments 6. Table Induction and Workout 7. Democracy Platform 8. Commission meetings 9. Tools to the Floor 10. Legal Version 11. Setting the Plan 12. Reporting on financial and operating issues 13. Monitoring the Output of the Board 14. Comité d’audit 15. Secretarial Guidelines for Risk Management:- The Indian Institute of Corporate Secretaries has provided the following Guidelines to ensure the uniformity of practice with regard to Board meetings, General Meetings, Dividend Distribution, Preservation of Registers and Documents, Reporting of Minutes and Exchange of Securities.

A brief summary of these requirements is provided as follows:-SS1-Board meetings:-Secretarial Level -1 deals with the Board meetings. It discusses the various aspects of holding the board meetings, the number of these meetings in a year, the quorum needed for the meeting, the chairman’s powers in these meetings, and keeping minutes of these meetings.

SS2-General Assemblies:-Secretarial Norm -2 deals with the General Assembly. Which specifies the protocol for holding the General Meetings, the number of meetings in one year, the quorum needed for holding the conference, the chairman’s powers in these meetings, keeping minutes of these meetings, voting process, etc. SS3 — Dividend: — This Secretarial Protocol includes Dividend. It shows the estimation of the sum payable as a dividend, dividend declaration, Unpaid Dividend Management, and Dividend Transition to Investor Awareness and Security Fund(IEPF).