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"
| 3 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"
| 3 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
| 3 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"
| 3 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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I did my Schooling from a Boarding(St.Amtul's Public School - Nainital) Masters in International Business Management from Dutch Delta University - Netherlands in 2005 where i topped and was awarded Best Student...There i was approached by Mr.Jay More Global President of Human Factors International, i rejected the offer cause he lied to me and then I came back to India to work for my country and see the irony that here in my home country no company dared to give me a single chance to prove my talents even after trying for 6 long years 'n many job portals like monster 'n naukri are fooling with job seekers like me and i never got a relevant job opportunity... some approach me for programmings and those fools didn't gave a Damn care to have a through look at my C.V. I challenge the top notch key decision makers in any Industry to have any type of business discussions with me and i bet they will not be able to resist the proceedings in the discussions... People who are fools are...
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Random Pick... Why me? Arthur Ashe , the legendary Wimbledon player was dying of AIDS which he got due to the infected blood he had received during a heart surgery in 1983. From world over, he received letters from his fans, one of which conveyed: "Why does GOD have to select you for such a bad disease"? To this Arthur Ashe replied: "The world over - 50 million children start playing tennis, 5 million learn to play tennis, 500,000 learn professional tennis, 50,000 come to the circuit, 5000 reach the grand slam, 50 reach Wimbledon, 4 to semi final, 2 to the finals... When I was holding a cup I never asked God 'Why me?'. And today in pain I should not be asking God 'Why me?' " Happiness keeps you Sweet Trials keep you Strong Sorrow keeps you Human Failure keeps you humble and Success keeps you glowing But only Faith Attitude Keeps you going... “ Mistakes are painful when they happen. But years later, a collection of mistakes called experience leads us to the success...”
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Father I want you to marry a girl of my choice Son I will chose my own bride Father But the girl is Bill Gate’s daughter Son Well, in that case, it is Okay Next day Father approaches Bill Gates Father I have a husband for your daughter Bill Gates But my daughter is too young to marry Father But this young man is a Vice President of World bank Bill Gates Oh.. in that case, it is Okay Father finally goes to meet the President of World Bank Father I have a young man to be recommended as Vice President President But I already have more vice presidents than I need Father But this young man is Bill Gates son-in-law President Ah, in that case, it is Okay This is how business is done. Even if you have nothing, you can get anything. But your attitude and approach should be positive.
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Security experts have discovered the biggest series of cyber attacks to date, involving the infiltration of the networks of 72 organizations including the United Nations, governments and companies around the world. The long list of victims in the five-year campaign include the governments of the United States, Taiwan, India, South Korea, Vietnam and Canada; the Association of Southeast Asian Nations (ASEAN); the International Olympic Committee (IOC); the World Anti-Doping Agency; and an array of companies, from defense contractors to high-tech enterprises. "What is happening to all this data ... is still largely an open question. However, if even a fraction of it is used to build better competing products or beat a competitor at a key negotiation (due to having stolen the other team's playbook), the loss represents a massive economic threat." Jim Lewis, a cyber expert with the Center for Strategic and International Studies, was briefed on the discovery by McAfee. He said it was...
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WE HAD A GOOD NUMBER OF INVENTORS WITH GREATER VISION ABOUT THE SOCIETY. INVENTORS HERE NEED NOT BE A PATENTED. BUT IT SHOULD HAVE BEEN A BREAK THROUGH IN A PARTICULAR INDUSTRY. EG. 1. FILM-SATYAJIT RAY, 2. WIRELESS TELECOMMUNICATION-J.C.BOSE 3.......
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