Evolution of CG in Indian Context, Confederate of Indian Industry скачать в хорошем качестве

Evolution of CG in Indian Context, Confederate of Indian Industry

#7.#Evolution of Corporate Governance in Indian Context# Confederate of Indian Industry #Evolution Corporate governance scenario was more or less stagnant till 1990. India’s weakness in corporate sector such as unwanted stock market practices, poor disclosure practices, lack of transparency create need of some reforms. The financial crisis of 1991 resulted the IMF to induced the government to adopt reformative actions for economic stabilization #CII ESTABLISHMENT • CII was the first ever institution industry in India. •It took various initiatives in the field of corporate governance. •It is non profit, non government organisation • Founded in 1985. •Headquarter New Delhi India • President Vikram Kirloskar #Various Recommendation 1.There is no need to adopt German 2 tier board. .A single board which is performing well maximize long-term shareholder value. Meeting- at least 6 time in ayear at the interval of months Listed company with the turnover of hundred crore and above should have professionals and independent non-executive directors which constitute – If chairman is NXD – At least 30% If and managing director is same person- at least Additional shareholders information High or low monthly average images of exchange companies listed for reported year. Details on business segment up To 10% of turnover, sale revenue, Forcasting market prospect. .Major Indian Stock Exchange insist to issue certificate signed by CFO, CEO and clearly mention that. Company will follow business in following year Management of the company is responsible for fair presentation of financial statements and other information mentioned in annual reports. Assistant Professor 3 times UgcNet Thanks for watching the video Hope u like it Have a nice day