2. Corporate governance is all about
“promoting corporate
fairness, transparency and
accountability.”

3. Corporate governance refers to the system by which
corporations are directed & controlled. The governance
structure specifies the distribution of rights &
responsibilities among different participants in the
corporation ( the board of
directors, managers, shareholders & stakeholders) &
specifies the rules & procedures for making decisions in
corporate affairs.

5. 
The biggest corporate scam in India has come from one of
the most respected businessmen. Satyam founder Ramalinga
Raju resigned as its chairman after admitting to cooking up
the account books.

His efforts to fill the "fictitious assets with real ones"
through Maytas acquisition failed, after which he decided to
confess the crime. With a fraud involving about Rs 8,000
crore, Satyam is heading for more trouble in the days ahead.
On Wednesday, India's fourth largest IT company lost a
staggering Rs 10,000 crore in market capitalisation as
investors reacted sharply and dumped shares, pushing down
the scrip by 78 per cent to Rs 39.95 on the Bombay Stock
Exchange.

6. 
"I am now prepared to subject myself to the laws of the land
and face consequences thereof," Raju said in a letter to SEBI
and the Board of Directors, while giving details of how the
profits were inflated over the years and his failed attempts to
"fill the fictitious assets with real ones."

Raju said the company's balance sheet as of September 30
carries "inflated (non-existent) cash and bank balances of Rs
5,040 crore as against Rs 5,361 crore reflected in the
books."

7. Benefits of Corporate Governance







Good corporate governance ensures corporate success
and economic growth.
It lowers the capital cost.
There is a positive impact on the share price.
It provides proper inducement to the owners as well as
managers to achieve objectives that are in interests of the
shareholders and the organization.
Good corporate governance also minimizes
wastages, corruption, risks and mismanagement.
It helps in brand formation and development.
It ensures organization in managed in a manner that fits
the best interests of all.

8. Infosys star in for a Rs.130 crore bonus
By following proper corporate governance rules and
regulation the infosys has announced bonus for the
best performing employees.
 And it is also have some bigger compensation plan
for the top performers.
 This Rs.130 crore bonus payout has surprised most of
the analysts too.
 This is what the result if company follows the
corporate governance.


9. ITC's Corporate Governance initiative is based
on two core principles.


Management must have the executive freedom to drive the
enterprise forward without undue restraints; and this
freedom of management should be exercised within a
framework of effective accountability.
ITC believes that any meaningful policy on Corporate
Governance must provide empowerment to the executive
management of the Company, and simultaneously create a
mechanism of checks and balances which ensures that the
decision making powers vested in the executive
management is not only not misused, but is used with care
and responsibility to meet stakeholder aspirations and
societal expectations.

10. Good Corporate Governance
Good corporate governance can
be achieved when the parties to
governance perform their
respective functions in
honesty, trust, integrity, openness, g
reater responsibility, performance
orientation, mutual respect and
commitment to the company’s
goals.

11. “ The Biggest Risk In Life Is Not
Taking One.”
- Tag Line of the Movie “Gafla”
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