Corporate Governance Case Study
Corporate Governance Practices for Nonbanking Financial Corporation’s (NBFCs)
1Ms. Lovely Srivastava (Corresponding Author), 2Dr. Ravindra Tripathi, 3Dr. Ambalika Sinha & 4Ms. Geetu Yadav
1& 4Research Scholar (UGC-JRF), Department of Humanities & Social Sciences, MNNIT, Allahabad lovely.mnnit@gmail.com,
2Assistant Professor, Department of Humanities & Social Sciences, MNNIT, Allahabad ravindra@mnnit.ac.in
3Associate Professor, Department of Humanities & Social Sciences, MNNIT, Allahabad ambalika@mnnit.ac.in
Abstract
Corporate Governance is very essential for smooth running of the business. It develops business ethics and standards. This is implemented on all the business operating in and across the country. SEBI has issued guideline for
…show more content…
Corporate Governance is all about promises made by management to operate fair business, maintain transparency in their business conduct. It helps to construct a difference between own and corporate resources of the business. Ethical dilemmas come up from contradictory interests of the concerned parties involve in the business. On operating under the supervision of corporate governance decision makers are bound to take decisions under boundaries of these set of principles which is influenced by the standards, framework and customs of the organization. Ethical management is good for business as stakeholders expect from organization to perform the business to accomplish their expectations.
2. Objectives of Corporate Governance
Corporate Governance aims to make sure that the management of the company operates in transparent way for attaining long-term worth of the company for its shareholders and all other allies. It associates all the parties involved in a practice, which is financially and socially viable.
“Fundamental objective of corporate governance is the ‘enhancement of the long-term shareholder value while at the same time protecting the interests of other stakeholders.” ( Shri Kumar Mangalam
…show more content…
The Corporate Governance implemented on financial Institutions will have impact on the health of financial system. This governance policy have greater impact on the profitability ratios, dividends paid, market capitalization, earnings per share, net worth, and book value of the shares of the business. The foreign banks and other financial institution are taking interest to spread out their business operations in India. They are moving strategically in India through join collaborations, joint ventures, tie ups, correspondent relations etc with the Indian financial entities. This is the reflection of reliability on established governance policies and legal
Sangeeta Bijlani Informative Speech
900 Words | 4 PagesHis/Her fanclub name is _____. His/Her religion is Hindu. His/Her famous quotes are """"______."
Essay On Fiduciary Duty
1765 Words | 8 PagesFiduciary duty: A fiduciary duty is a legal obligation to act in the best interest of a client or broader corporate entity. It sets the expectation that directors and officers place the interests of the firm over their personal interests. Business judgment rule: The business judgment rule lays out two requirements for directors and officers: that they uphold the duty of care and the duty of loyalty.
Shareholder Wealth Case Study
1954 Words | 8 PagesMergers and Acquisitions and Shareholder Wealth: The theory of finance states that maximization of shareholder wealth should be the goal of every business organization. It is not clear, however, whether maximization of shareholder wealth is the main motivation behind Mergers and acquisitions. This has generated a lot of research interest the area. Unfortunately decades of intensive research have not been able to conclusively establish the impact of Mergers and acquisitions on shareholder wealth.
Wells Fargo Ethical Theories
468 Words | 2 PagesDecisions taken within an organization are made by the leadership in light of the company’s culture, principles and policies. Leaders are the role models as they set the tone for the ethical stance of their individual followers, or the group they lead. As an ethical leader, they are expected to take responsibility and work to correct mistakes. They must ensure the company has an effective internal controls in place to identify unethical practices. In my opinion, big companies in their audit and compliance committees should have members who may act as ethicist to assess whether the actions of the company are consistent with the desired ethical
Analysis Of Thomas Babington Macaulay's Minute On Indian Education
1781 Words | 8 PagesAlso known as the Council of India, it was composed of four advisors to the Governor-General at Fort William. He went to India in 1834 and served as a member of the Supreme Council of India between 1834 and 1838. He was also appointed as president of the General Committee of Public Instruction. In this position, he oversaw major educational and legal reforms. It is during this period that he introduced his famous “Minute on Indian Education” on February 2, 1835 in which he supported the education of the classes through the medium of English.
Melvin Seeman Alienation Analysis
859 Words | 4 Pages(Seeman, 1959). Keeping this in mind, Seeman has incorporated
Case Study: Supermax Corporation Berhad
974 Words | 4 PagesSUPERMAX Corporation Berhad should be aware of their cultural differences in the workplace. Since there have a lot of different race in Malaysia and also most of the workers are from the different background so it can easily cause communication barrier happen between all the workers within the workplace. SUPERMAX should treat this issue seriously and handle it properly in order to avoid misunderstanding and tension between employees. It is vitally significant that there is a good relationship between all the employees and also the superior because it can affect the company’s productivity and efficiency. SUPERMAX should have cultural sensitivity in order to create a harmonious atmosphere in the workplace at the same time it can improve the performance of the company.
Cardiovascular Science Personal Statement Sample
851 Words | 4 PagesPERSONAL STATEMENT (NURFATIN BT MOHD SHAH) I want to further my study in this course because it is thrilling and rapidly- moving subject area, that is highly pertinent to the problem facing by society today. As far as I concern, cardiovascular disease is one of the popular cause of death. I am keen to learn more and involve in the latest advances in cardiovascular research. Over the years of studying, my interest in this area has increased.
Case Study Of Motilal Oswal Company
815 Words | 4 PagesMotilal oswal securities Ltd The Motilal oswal ltd company was the parent company of the Motilal oswal securities ltd, it was the subsidiary company. Motilal Oswal Company was established by Motilal oswal and Raamdeo agarwal in 1987 and gets the membership from the BSE. It got it final certificate of registration approval in the year 2010 from the securities and exchange board of India regarding the setup and expansion of the business of mutual funds in the country. Motilal oswal securities ltd was incorporated in the year 1994 and its main business is stock broking and wealth management. Motilal Oswal Company has 99.95 % holdings previously which became 100 % holdings In Motilal securities ltd .It was one of the subsidiary company of the
The Importance Of Business Ethics In The Business Environment
1813 Words | 8 PagesThis statement is supported by Bennett (2014) wherein ethics clearly defines what is the right and wrong things and shapes what kind of behavior the business should act on. For the sense of business according to Joseph (2013), ethics are constructed and decided by each business and underpins decision that an employee makes. When it comes to the business’ environment, a well-constructed ethics is a key for a considerate and responsible decision making in a business (Bennett, 2014). Business Ethics is very important inside the company, it will show the moral standards that a company or business have whether it is right or wrong and good or bad.
Examples Of Ethical Responsibility
902 Words | 4 Pages• Ethical Responsibilities Even though economical and legal responsibilities exemplify about fairness and justice, ethical responsibilities cover those activities and practices that are expected or prohibited by members of society even though they are not codified in law. Ethical responsibilities represent those norms, standards or expectations that reflect a jest of what employees, consumers and shareholders regard as just, fair or in keeping the protection or respect of stakeholders’ moral rights. They are important to perform in a manner consistent with expectations of societal and ethical norms. The firms should recognize and respect the ethical moral norms adopted by society from time to time.
Role Of Corporate Governance In Nestle
1346 Words | 6 PagesA system to check and balances the benefit of all the board of directors and to avoid some of top management from making decisions that only benefit themselves is created and named corporate governance. Corporate governance means the system of rules, practices and processes by which a company is directed and controlled. The set of rules provided as a guidelines for the board of directors to make sure that accountability and fairness in a company’s relationship with its stakeholders such as financiers, customers, management, employees, shareholders and also society in order to achieve company’s goals and targets in a manner that add a value to the company. All of the stakeholders play an important role in corporate governance to ensure that
The Importance Of Business Ethics In International Business
1039 Words | 5 PagesThe earlier opinion stated that a business cannot be ethical, but this opinion is not used anymore in the modern business. Today business has belief that they must be responsible for social since they live and operate within a social structure. The key factors that make business ethics is important at the quarter of the 20th century are corporate social responsibility, corporate governance, and globalized economy. The culture of an organization, or else we can call it as the philosophy of an organization which is related with ethics have a great relationship with the performance of a business in long and short term. As a business is manage by human being, the people who manage a business
Case Study: The Importance Of Principle Of Management
2164 Words | 9 Pages1. Introduction – Importance of Principle of Management (PMG) – Relate with case study – Overview of the content Introduction The purpose of this section is to discuss the importance of management principles, and the impact on each organisation. Principles of management are generally termed as the act of planning, organising and controlling the operations of the basic element of people, materials, machines, methods, money and markets, providing direction and coordination, and giving leadership to human efforts, so as to achieve the sought objectives.
More about Corporate Governance Case Study
Sangeeta Bijlani Informative Speech
900 Words | 4 PagesAlka Seltzer Lab Report
440 Words | 2 PagesEssay On Fiduciary Duty
1765 Words | 8 PagesShareholder Wealth Case Study
1954 Words | 8 PagesWells Fargo Ethical Theories
468 Words | 2 PagesAnalysis Of Thomas Babington Macaulay's Minute On Indian Education
1781 Words | 8 PagesMelvin Seeman Alienation Analysis
859 Words | 4 PagesCase Study: Supermax Corporation Berhad
974 Words | 4 PagesCardiovascular Science Personal Statement Sample
851 Words | 4 PagesCase Study Of Motilal Oswal Company
815 Words | 4 PagesThe Importance Of Business Ethics In The Business Environment
1813 Words | 8 PagesExamples Of Ethical Responsibility
902 Words | 4 PagesRole Of Corporate Governance In Nestle
1346 Words | 6 PagesThe Importance Of Business Ethics In International Business
1039 Words | 5 PagesCase Study: The Importance Of Principle Of Management
2164 Words | 9 Pages