ETHICS AND CORPORATE GOVERNANCE IN INDIAN BUSINESS By, Nidhi Maheshwari (50) Poorva Shrivastava (54) Ritesh Sood (69) Rohit Sharma (70) Sabitavo Das (73)

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Presentation transcript:

ETHICS AND CORPORATE GOVERNANCE IN INDIAN BUSINESS By, Nidhi Maheshwari (50) Poorva Shrivastava (54) Ritesh Sood (69) Rohit Sharma (70) Sabitavo Das (73) Sachin Pandey (74)

INTRODUCTION  Corporate governance is "the system by which companies are directed and controlled”.  External stakeholders: Shareholders, debt holders, trade creditors, suppliers, customers and communities.  Internal stakeholders: BOD, Executives and other employees.  Theme of corporate governance is the nature and extent of accountability of people in the business.

 Governance structure of a country protects the investors from expropriation by managers and large shareholders.  According to the Kumaramangalam Birla Committee ―Corporate governance and ethics is the system by which companies are directed and controlled.  Boards of directors are responsible for the governance of their companies.  The Ministry of Corporate Affairs (MCA) is the main authority for regulating and promoting corporate governance.

 Pre-Liberalization  Laws: The Companies Act, 1956 SEBI guidelines Securities Contracts (Regulation) Act Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992 The Ministry of Corporate Affairs had appointed a Naresh Chandra Committee on Corporate Audit and Governance in 2002 in order to examine various corporate governance issues.

INFOSYS  Satisfy the spirit of the law and not just the letter of the law.  Be transparent and maintain a high degree of disclosure levels.  Make a clear distinction between personal conveniences and corporate resources  Comply with the laws in all the countries in which we operate  Have a simple and transparent corporate structure driven solely by business needs  Management is the trustee of the shareholders' capital and not the owner.

MICROSOFT  Integrity and honesty  Passion for customers, partners, and technology  Open and respectful with others and dedicated to making them better  Willingness to take on big challenges and see them through  Self-critical, questioning, and committed to personal excellence and self-improvement  Accountable for commitments, results, and quality to customers, shareholders, partners, and employees.

 Regulatory compliance  Bribery and Anti-Corruption  Anti-Boycott Requirements  Trade controls  Fair competition and anti trust  Responsible Leadership  Fair Information Practices

 Vendors  Financial Integrity  Honesty and respect  Diversity  Community service  Respect for the environment

BOSCH INDIA  Human Resource  Environment  Society  Technology  Sales and Marketing  Corporate Governance

CONCLUSION  High morale  High motivation  Performance  Success

THANK YOU