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Home > Consulting Services > Integrated governance > Corporate Governance |
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Corporate Governance |
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Corporate boards including independent directors are facing greater challenges than ever before. Corporate Governance has to occupy more and more time among the top-management and introduce mechanisms to ensure responsibilities and the transparency of their decisions.
A set of best practices do exist in India and documented in country specific corporate governance codes, stock exchange listing requirements and the annual reports of companies. For example, the Securities and Exchange Board of India (SEBI) revised Clause 49 of the listing agreement between listed companies and the stock exchanges with a view to enhancing the corporate governance requirements, primarily through increasing the responsibilities of the Board, consolidating the role of the Audit Committee, and making management more accountable.
These changes are aimed at moving Indian companies rapidly up the evolutionary path towards business processes and management oversight techniques which are at par with the best in the world.
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Companies and their directors
through the changes in the revised
Clause 49 and their key implications.
- Lay out the key elements of the
pre-existing framework for
corporate governance.
- Provide focused implementation
guidance using Haselfrė Framework
for Corporate Governance, which
would be of use to Board members,
Chief Financial Officers and
Compliance Heads as they navigate
through the corporate governance
regulatory landscape.
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