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Corporate Governance - Definition, Scope and Benefits

Corporate GovernanceGoverning a corporationA techniqueConducted by board directorsAn interaction between participants

Scopes of corporate governanceDetermining effective strategic decisionsCorporate Governance ensures transparency Corporate Governance has a broad scopeBENEFITS OF CORPORATE GOVERNANCEensures corporate success and economic growth.maintains investors confidence

minimizes wastages, corruption, risks and mismanagement.It helps in brand formation and development.ensures organization in managed The Board GovernanceComposition of the board

2. Multiple Board Seats3. The Chairman and the Chief Executive Officer4.Qualifications of DirectorsEducational Attainment Adequate competency and understanding of business Age Requirement Integrity/ Probity5. Disqualification of Directorsa. Any person who was been finally convictedb. Any person who, by reason of any misconduct6. Duties, Functions and ResponsibilitiesGeneral Responsibility Duties and Functionsc. Specific Duties and responsibilities of a Directord. Internal Control Responsibilities of the BoardCORPORATE SECRETARYWhat is a corporate secretary? Within any organization, a Corporate Secretarys duties include ensuring the integrity of the governance framework, being responsible for the efficient administration of a company, compliance with statutory and requirements and implementing decisions made by the Board of Directors.Corporate Secretarys duties may include:Implementing the decisions of the board of directors .Acting as adviser to the company directors .Attending and take minutes of directors and members meetings.Handle company share transactions - issuing new shares, arranging dividend payments and observing all legal requirements.

Who is a corporate secretary?The attributes of an effective corporate secretary typically include:

Analytical, problem solving skills

Management and organizational skills

IT familiarity

Discretion with confidential information

An understanding of the legal system as it affects business

Good communication and interpersonal skills

Case StudyCase study

In the social sciences and life sciences, a case study (or case report) is a descriptive, exploratory or explanatory analysis of a person, group or event.Generalizing case studies

A critical case is defined as having strategic importance in relation to the general problem. A critical case allows the following type of generalization, If it is valid for this case, it is valid for all (or many) cases.EXAMPLEGalileo Galileis rejection of Aristotles law of gravity was based on a case study selected by information-oriented sampling and not random sampling..The rejection consisted primarily of a conceptual experiment and later on of a practical one. These experiments, with the benefit of hindsight, are self-evident. Nevertheless, Aristotles incorrect view of gravity dominated scientific inquiry for nearly two thousand years before it was falsified.Why is it important?Case study research excels at bringing us to an understanding of a complex issue or object and can extend experience or add strength to what is already known through previous research.How to do it?Determine and define the research questions Select the cases and determine data gathering and analysis techniques Prepare to collect the data Collect data in the field Evaluate and analyze the data Prepare the report