November 19-December 10‚ 2012 PROJECT ON “LEGAL FRAMEWORK OF CORPORATE GOVERNANCE IN INDIA” By Atul Gupta Assistant Professor Hindu College‚ University Of Delhi‚ Delhi Submitted in Partial Fulfillment Of UGC SPONSORED REFRESHER COURSE CENTRE FOR PROFESSIONAL DEVELOPMENT IN HIGHER EDUCATION University of Delhi Delhi-110007 “Legal Framework of Corporate Governance in India” Atul Gupta Assistant Professor
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issue of the corporate governance into forefront of the policy discussions. In an increasingly deregulated policy environment‚ the big corporate failures have raised the need for implementing competent corporate governance practices. The recent financial crises in different countries have verified how the lack of good governance practices in the financial institutions can lead to a crisis in the system leaving long-term consequences to the. Among the financial institutions‚ the corporate governance
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Title:DEVELOPMENT OF THE UK CODE OF CORPORATE GOVERNANCE Module title: Corporate Governance LEVEL: 6 Module code: 6BUS1005 Student name: Qiao Wang Student number: World account: 2348 Contents Introduction 3 Part I 3 The Combined Code 2003 3 Cases 5 1.Cadbury Code Report–(1992) Maxwell &Polly Peck 5 2.Cadbury Code Report (1992)-BCCI 6 3.Greenbury Report (1995)-British Gas 7 4.Hample report (1998) 7
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OF CORPORATE GOVERNANCE Asst. Prof. Loganathan Krishnan Abstract Auditors examine company’s accounts and report to the company on the accounts. Fundamentally‚ the concern is how auditors carry out these duties effectively. Legislations namely Companies Act 1965‚ Securities Industry Act 1983 which has been consolidated as Capital Market and Services Act 2007 have made major inroads to ensure that auditors carry out their duties and obligations effectively. Additionally‚ the Code of Corporate Governance
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Solutions to Chapter 10 Introduction to Risk‚ Return‚ and the Opportunity Cost of Capital capital gain + dividend ($44 − $40) + $2 = = 0.15 = 15.0% initial share price $40 1. Rate of return = Dividend yield = dividend/initial share price = $2/$40 = 0.05 = 5% Capital gains yield = capital gain/initial share price = $4/$40 = 0.10 = 10% 2. Dividend yield = $2/$40 = 0.05 = 5% The dividend yield is unaffected; it is based on the initial price‚ not the final price. Capital gain = $36 – $40
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SCENARIO: You are a CPA with an office in NearLakes City and clients consisting primarily of professionals‚ entrepreneurs‚ and small business owners. John Smith‚ Esq.‚ a practicing attorney with offices near yours‚ walks in your office and wants advice from you relating to a recent influx of cash he received as a result of winning a large jury verdict on behalf of his client in a personal injury case. His wife Jane Smith accompanies him during your meeting because she has some additional tax planning
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The Role of the External Auditor in Corporate Governance The external auditor has long played an important role in the corporate governance function. However‚ before we begin our analysis on how the external auditor plays this role and its importance‚ we must first examine the responsibilities and duties of such an auditor. Similarly‚ we need to clearly define what corporate governance is before we discuss in detail the role that auditors play in it. 1. Introduction 1.1 The External Auditor External
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Enron‚ Ethics And Today’s Corporate Values Enron’s heyday has long ended. But its lessons will long endure. The global business community is now watching a painful new chapter is this saga — one where its former high-riding chief executive officer‚ Jeff Skilling‚ is getting a decade shaved off of his prison term that should now end in 2017. Enron: The Smartest Guys in the Room (Photo credit: Wikipedia) The company’s failure in 2001 represents the biggest business bankruptcy ever while also spotlighting
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CORPORATE GOVERNANCE IN FAMILY BUSINESSES IN SERBIA PhD Katarina Djulic‚ Faculty of Economics‚ Finance and Administration‚ kdjulic@fefa.edu.rs MSc Tanja Kuzman‚ Faculty of Economics‚ Finance and Administration PhD Katarina Djulic is Assistant Professor at FEFA on subjects of Corporate Finance and Corporate Governance. She also works as Senior Consultant in KPMG Serbia. She worked as an Associate Operations Officer at the International Finance Corporation‚ World Bank Group‚ on the Corporate Governance
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Corporate governance – Intended learning outcomes Students should be able to Identify different forms of corporate governance Evaluate the influence of organisational stakeholders on a firm’s purposes and performance Conduct stakeholder mapping Exhibit 4.1 Influences on strategic purpose Corporate Governance Corporate governance refers to the influence and power of the stakeholders to control the strategic direction of the organisation (Lynch‚ p.362) The chain of corporate governance:
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