Corporate Governance: Principles, Practices, and Benefits, Study Guides, Projects, Research of Corporate Governence

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It refers to the set of systems, principles and processes by which a company is governed. The governance function provides as to how the company can be directed or controlled so that its goals and objectives are fulfilled in a manner that adds value to the company and also beneficial to stakeholders in long run.

Major Changes in Corporate

Governance Norms

 (^) Appointment of a Woman Director  (^) Tenure of Independent Directors  (^) Formal letter of appointment to Independent Directors  (^) Performance evaluation of Independent Directors  (^) Separate meeting of Independent Directors & Training of IDs  (^) Succession Plan for Board/Sr. Management  (^) Compulsory whistleblower mechanism  (^) Constitution of Nomination and Remuneration Committee  (^) Disclosure in Annual Report about Remuneration Policy and evaluation criteria  (^) Related Party Transactions  (^) Compulsory Electronic Voting for all shareholders resolutions

Role of Company Secretary



Organising, preparing Board Meetings

and AGMs and maintaining Statutory

Books



A link to relevant company stakeholders



Advisory function as to legal ,

governance, accounting, tax implications

policies



Monitoring and implementing relevant

legislation, regulatory requirements in

line with any changes in the environment

 Developing and overseeing systems for compliance  Taking role in share issues, mergers, demergers and takeovers  Settling dividends and managing share options  Maintaining shareholders register and monitoring changes in shareholding composition of the company  Monitor corporate governance developments and assist the Board in tailoring governance practices to meet the Board's needs and investor expectations  (^) Serve as a focal point for investor communication and engagement on corporate governance issues.