the Chief Executive and Managing Director of Ambuja Cements Limited (alternate name Gujarat Ambuja Cements Ltd.) from 1982 to January 30‚ 2006. Mr. Sekhsaria has been the Chairman of Ambuja Cements Ltd since September 24‚ 2009 and serves as its Director. He has been the Chairman of board for ACC Limited since January 24‚ 2006 and its Independent Non-Executive Director since December 27‚ 1999. He served as the Chairman and Director of Gruh Finance Ltd. He was a Director of GVFL Ltd. Mr. Sekhsaria served
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Suppliers‚ Regulators‚ Communities Corporate Governance Shareholders Board of Directors Put in equity to set up the business Shareholders nominate a Board of Directors to run the business on their behalf. They set the business policies MD Board includes a Management team led by the MD/Executive Directors who manage the business on a day-to-day basis. They design appropriate strategies to implement agreed policies Executive Directors Marketing Product
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1: Image you were a director of MTSB in 2006‚ what would be the steps you would taken to fulfill your fiduciary duties as a director. The steps MTSB have taken to fulfill the fiduciary duties as a director according section 6 of Companies Act‚ fiduciary duties of a director. Step 1 : Understanding about duties of director To carry out your duties as a director well‚ it is necessary for you to be fully aware of the duties and responsibilities expected of directors. Directors are fiduciaries of the
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Non-executive director is a member of the board of directors of a company who does not form part of the executive management team. He or she is not an employee of the company or affiliated with it in any other way. They are differentiated from inside directors‚ who are members of the board who also serve or previously served as executive managers of the company. refers to a member of the board of directors who is neither an employee of the company nor is in any manner engaged in the day-to-day
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ETHICS & GOVERNANCE Case Study: The Satyam Fiasco July 7 2014 Submitted to: Prof. Dr. Syed Abdul Hamid AlJunaid Submission Deadline: July 18th‚ 2014 This Project Paper is a Second partial fulfillment of Module IE-2002 of part II of Chartered Islamic Finance Professional (CIFP) INCEIF – The Global University of Islamic Finance - January 2014 Case Study: Satyam Fiasco Describe India’s environment that investors should consider while investing in companies like Satyam? Investors
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relationship between the shareholders‚ directors‚ and management of a company‚ as defined by the corporate character‚ bylaws‚ formal policies and rule laws. The corporate governance system was designed to help oversee the decisions and best interest of the shareholders. The system should works accordingly: The shareholders elect directors‚ who in turn hire management to make the daily executive decisions on the owner ’s behalf. The company ’s board of director ’s position is to oversee management
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‘Raju’)‚ who has been arrested and has confessed to a $1.47 billion (or Rs. 7‚800 crore) fraud‚ admitted that he had made up profits for years. According to reports‚ Raju and his brother‚ B. Rama Raju‚ who was the Managing Director‚ “hid the deception from the company’s board‚ senior managers‚ and auditors.” The case of Satyam’s accounting fraud has been dubbed as “India’s Enron”. In order to evaluate and understand the severity of Satyam’s fraud‚ it is important to understand factors that contributed
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with the Media in an Emergency Do not make any statements to the media‚ campus or community‚ print or electronic. In the event a chapter member is contacted by the media‚ contact the Director of Marketing and Communications at Kappa Kappa Gamma Headquarters. If she is not available‚ contact the Fraternity Executive Director. When a crisis first arises‚ remember that good communication with all affected audiences will help ensure a successful outcome. Because initial responses delivered to the public
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branch manager and director. This information will be used to describe the main job roles and the functions and the organisational structure that is within M&S. Directors: There are lots of different types of directors. For example: a managing director is responsible for the achievement of the organization and they have to report to the chairman or the board of directors. They would have to carry out tasks in which a director would have to do like they would have to execute board approved policies
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HP SCANDAL Case Facts In early 2005‚ Silicon Valley giant Hewlett-Packard found itself in the undesirable situation whereby confidential company information being leaked from its Board of Directors. Former Chairman of the Board‚ Patricia Dunn‚ ordered an investigation into the Board room leaks which encompassed two phases known as ‘Kona I’ and ‘Kona II’. Kona I started in early 2005‚ and was contracted to Security Outsourcing Solutions‚ Inc. (SOS) to perform this investigative work. The investigation
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