Corporate Governance
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Corporate governance, Legal advice, corporate attorneys, corporate lawyer, business law, corporate law, law, attorneys, lawyer,governance,
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Law
Functional Area : Business Processes |
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About "Corporate Governance" topic:
There is no doubt that interest in corporate governance has substantially increased in recent years. Not only have separate states adopted their own corporate codes but also changes in corporate governance are directed at a global level. It is one of the most talked about topics in business, indeed in society, today. Let us discuss on key issues pertaining to Corporate Governance & what defines good corporate governance.
2 trends
, 6 insight
, 8 debates
, 2 idea contests
, 3 question
on topic: "Corporate Governance"
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Yes
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7
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11
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No
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Ramdas Pawar
| Argues in support of
"No"
| 2 years ago
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Mr.Sanjay i completely agree with you.Just because it was an indian company people are saying that its not safe to work with indian companies but what happens to those people when foreign companies are involved in same or even bigger frauds than...
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pranatharthi haran
| Argues in support of
"Yes"
| 3 years ago
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Actually I would like to respond to this question - a 'yes' and a 'no'. No doubt (Corporate Governance) CG has failed! But that is only the effect! What is the root cause for that failure? Let us look at the turn of events after the fateful...
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Sanjay
| Argues in support of
"No"
| 3 years ago
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Satyam Story is one off and this cud have happened in any part of the world not only India .if Enron/Lehman cud crash ...why not Satyam .If GM and CITI cud run for cover ...why not Satyam .Problem does not lie in what Raju did or didnt do...
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Debate: "Satyam fiasco exposed corporate governance standards in India?" deleted from your view.
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1
rotate the auditors in regular intervals
2
Proper segregation of duties in the accounting/finance system
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Mohan lal sharma
| Added idea
"STRONG INTERNAL AUDIT"
| 2 years ago
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THE COMPANIES ARE PROTECT THE ACCOUNTING FRAUDS USE THE FOLLOWING POINTS (A) I THANK , COMPANIES ARE APOINT INTERNAL AUDITORS, BUT CHANGES IN AUDITORS AFTER 6 MONTH OR LAST 1YEAR, THE AUDITORS TRANSFER TO OTHER DEPARTMENT EVERY YEAR (B) COMPANIES...
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jayant bhagwan dusanis
| Supported idea
"Proper segregation of duties in the accounting/finance system"
| 2 years ago
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Internal auditor will help to find out such types of frouds but I suggest to appoint him only for that purpose.
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Ideate: "How to protect Companies against accounting frauds ?" deleted from your view.
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PWC should close down in India
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7
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5
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PWC should continue
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A CHANDRASHEKHAR IYER
| Argues in support of
"PWC should close down in India"
| 2 years ago
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The company which was chosen to guard the law turned out to be the biggest con company. It seems they sold spurious audit certificates for a price. Moreover, indians steal because of poverty, but these foreigners loot in crores and indian...
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Padmanabhan R
| Argues in support of
"PWC should continue"
| 2 years ago
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I would like to point out two things regarding. Auditing of a software company have unique challenges, dealing in intangible product - software, inventory valuation, wip estimation, work completed etc are difficult. Second thing ,( just hear...
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Debate: "Should PWCoopers firm close down operations in India ?" deleted from your view.
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I want to know what is the role of Corporate Governance in Decision Making, in what ways it affects decision making ??
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Anish Goyal
| Answered
| 2 years ago
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Corporate Governanave plays a very vital role in decision making process of the management. CG brings all the actual facts on the same platform and thus decision making becomes faster and effective. This helps in making new improved systems and...
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shailesh
| Answered
| 1 year ago
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Corporate governance is the system by which business corporations are directed and controlled so it affeccts the decision making of any firm directly. Corporate governance sets some moral standards and the firm has to operate within these...
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Answer: "How Corporate Governance affects Decision Making?" deleted from your view.
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Genuine attempt to provide more value to its investors
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0
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6
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Smart and clever move to fool investors
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Abraham Paul
| Argues in support of
"Smart and clever move to fool investors"
| 2 years ago
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The merger at this point of time is nothing but cheating the Reliance Petroleum share holders. It is clear that the one who gain from this is the Company management and not RIL and RPL share holders. Many invested in Rel Petroleum considering...
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Debate: "Is merging of RPL with RIL a fair corporate practice? Is it good for investors of both the companies?" deleted from your view.
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To the Board of Directors Satyam Computers Services Ltd. From B. Ramalinga Raju Chairman, Satyam Computer Servcies Ltd Dear Board Members, It is with deep regret, and tremendous burden that I am carrying on my conscience, that I would like to bring the following facts to your notice: 1. The balance sheet carries as of September 30, 2008 a) Inflated (non-existent) cash and bank balance of Rs 5,040 crore (as against Rs 5361 crore refglected in the books) b) An accured interest of Rs 376 crore which is non-existent c) An understated liability of Rs 1,230 crore on account of funds arranged by me d) An over stated debtor position of Rs 490 crore (as against Rs 2651 reflected in the books) 2. For...
Trends: "Unedited letter from Satyam's Raju to the Board" deleted from your view.
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In India the concept of corporate governance is gaining importance because of two reasons. A) After liberalization, there has been institutionalization of financial markets, FIIs, FIs and mutual funds become dominant players in the stock markets. The market began to discriminate between wealth destroyers. Corporate governance is a critical byproduct of market discipline. B) Another factor is the increased role being played by the private sector. Companies are realizing that shareholders love to stay with those corporate that create values for their shareholders. This is only possible by adopting fair, honest and transparent corporate practices. Please be free to comment, update or ...
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Priyanka C Kale
| Commented
| 2 years ago
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Corporate collapses is also one of the reason which led to a call for the improvement in the corporte governance. Director's liability (executive and non-executive) is given more importance.Because directors failure to comply with their duties has...
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Trends: "Corporate Governance in India" deleted from your view.
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I would like to know something about Corporate Governance. I need your comments.
Answer: "Corporate Governance" deleted from your view.
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Answer: "why government is not showing interest towards price hike " deleted from your view.
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Corporate Sectors
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2
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2
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Beneficiaries - Citizens
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Phani Mohan krishna
| Argues in support of
"Corporate Sectors"
| 1 year ago
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CSR is to preach and quite hard to practice when it hits your balance sheet and very few live up to it and such entities make huge strides in building brand identity which is unique.
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Nisha Agarwal Agarwal
| Argues in support of
"Beneficiaries - Citizens"
| 1 year ago
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Definitely it is. Society is the stakeholder at large for any organization. Today organizations are realizing the importance of nation development .Our country can grow only when organization starts contributing towards it.CSR is a win-win...
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Debate: "Corporate Social Responsibility" deleted from your view.
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NANDKUMAR B.SAWANT.,M.COM.LL.B.(MUMBAI),ADVOCATE MOBILE.09325226691, 09271971251 e.mail.adv.nbsawant@yahoo.co.in e.mail.nandkumarbs@sify.com REGARDING THE DISHONOUR OF CHEQUES AND FALSE CRIMINAL CASES FILED AGAINST ACCUSED UNDER NEGOTIABLE INSTRUMENTS ACT.SEC.138 KINDLY NOTE THAT. 1.KINDLY NOTE THAT THE LAW PROVISIONS OF NEGOTIABLE INSTRUMENTS ACT SEC.138 ARE OFTEN MISUSED BY THE BANKS AND COOPERATIVE SOCIETIES AND CREDITORS AND PRIVATE MONEY LENDERS TO HARASS THE PERSON ISSUING THE CHEQUES.THESE FINANCERS COLLECT IN ADVANCE SIGNED BLANK CHEQUES OR POST DATED CHEQUES FROM THE BORROWERS AS SECURITY FOR LOAN. 2 BUT IN MOST OF THE COURT CASES THESE CHEQUES ARE MISUSED AND A FALSE CASE IS FILED IN COURT UNDER N.I.ACT SEC.138 FOR DISHONOUR OF CHEQUE 3 THERE IS A TENDENCY TO RECOVER EXCESS INTEREST AT HIGHER RATE THAN AGREED AND ALSO TO RECOVER PENAL INTEREST AND COURT CHARGES ,FEES FROM THE PERSON ISSUING CHEQUES. 4 HENCE FOR THE KNOWLEDGE OF COMMON PERSONS WHO ARE INVOLVED IN FALSE...
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