TOPIC: CORPORATE GOVERNANCE IN INSURANCE SECTOR.
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ACKNOWLEDGEMENT
My deepest thanks to prof.Oberoi sir to Guide the project for guiding and correcting various documents of mine with attention and care. He has taken pain to go through the project and make necessary correction as and when needed.
A special thank of mine goes to my colleague who helped me in completing the project & she exchanged her interesting ideas, thoughts & made this project easy and accurate.
Finally, thanks to everyone who were attached to the project.
Sr no. | Topic | Pg no. | 1.2.3.4.5.6.7.8.9. | Definition Of Corporate governance.Introduction of C.G.Introduction of InsuranceConcept of Insurance / How Insurance worksWhat is IRDA?Need For Corporate Governance In Insurance Sector.Corporate Governance Guidelines For Insurance CompaniesInsurance Companies’ Comments on the New Corporate Governance Code.Conclusion. | 4.5.6.7.9.10.12.39.41. |
Definition
Corporate governance is the set of processes, customs, policies, laws, and institutions affecting the way a corporation (or company) is directed, administered or controlled. Corporate governance also includes the relationships among the many stakeholders involved and the goals for which the corporation is governed. The principal stakeholders are the shareholders, the board of directors, employees, customers, creditors, suppliers, and the community at large.
Corporate governance is a multi-faceted subject. An important theme of corporate governance is to ensure the accountability of certain individuals in an organization through mechanisms that try to reduce or eliminate the principal-agent problem. A related but separate thread of discussions focuses on the impact of a corporate governance system in economic efficiency, with a strong emphasis on shareholders' welfare. There are yet other aspects to the corporate governance subject, such as the stakeholder view and the corporate