Corporate Governance - Definition, Scope and Benefits     Corporate Governance - Definition, Scope and Benefits

Governing a corporation A technique Corporate Governance Governing a corporation A technique

Conducted by board directors An interaction between participants

Scopes of corporate governance Determining effective strategic decisions Corporate Governance ensures transparency

Corporate Governance has a broad scope

BENEFITS OF CORPORATE GOVERNANCE

ensures corporate success and economic growth. maintains investors’ confidence

minimizes wastages, corruption, risks and mismanagement.

It helps in brand formation and development. ensures organization in managed

The Board Governance

Composition of the board

2. Multiple Board Seats

3. The Chairman and the Chief Executive Officer

4.Qualifications of Directors Educational Attainment Adequate competency and understanding of business Age Requirement Integrity/ Probity

5. Disqualification of Directors a. Any person who was been finally convicted b. Any person who, by reason of any misconduct

6. Duties, Functions and Responsibilities General Responsibility Duties and Functions

c. Specific Duties and responsibilities of a Director d. Internal Control Responsibilities of the Board

CORPORATE SECRETARY

What is a corporate secretary? Within any organization, a Corporate Secretary’s duties include ensuring the integrity of the governance framework, being responsible for the efficient administration of a company, compliance with statutory and requirements and implementing decisions made by the Board of Directors.

Corporate Secretary’s duties may include: Implementing the decisions of the board of directors . Acting as adviser to the company directors .

Attending and take minutes of directors’ and members’ meetings. Handle company share transactions - issuing new shares, arranging dividend payments and observing all legal requirements.

Who is a corporate secretary Who is a corporate secretary? The attributes of an effective corporate secretary typically include:

Analytical, problem solving skills Management and organizational skills IT familiarity Discretion with confidential information An understanding of the legal system as it affects business Good communication and interpersonal skills

Case Study

Case study In the social sciences and life sciences, a case study (or case report) is a descriptive, exploratory or explanatory analysis of a person, group or event.

Generalizing case studies A critical case is defined as having strategic importance in relation to the general problem. A critical case allows the following type of generalization, ‘If it is valid for this case, it is valid for all (or many) cases.’

EXAMPLE Galileo Galilei’s rejection of Aristotle’s law of gravity was based on a case study selected by information-oriented sampling and not random sampling..

The rejection consisted primarily of a conceptual experiment and later on of a practical one. These experiments, with the benefit of hindsight, are self-evident. Nevertheless, Aristotle’s incorrect view of gravity dominated scientific inquiry for nearly two thousand years before it was falsified.

Why is it important? Case study research excels at bringing us to an understanding of a complex issue or object and can extend experience or add strength to what is already known through previous research.

How to do it? Determine and define the research questions Select the cases and determine data gathering and analysis techniques Prepare to collect the data Collect data in the field Evaluate and analyze the data Prepare the report