In its zest to improve governance in the companies through the regulatory process SEBI also instituted a committee under the chairmanship of Mr. N. R….

On 21 August 2002, the Department of Company Affairs (DCA) under the Ministry of Finance and Company Affairs appointed a committee under chairmanship of Shri…

Implementation of Sabarnes-Oxley Act, 2002 in the U.S. A. In response to the public outcry against the recent corporate scandals like, Enron, World Com, etc.,…

It would have been very clear by now as to the importance that has been laid in good corporate governance. Government, corporates and the civic…

“The major players in the area of corporate governance, within the corporation are corporate board, shareholders and employees. Externally, the pace for corporate governance is…

Law –Related Expectations The Indian Companies Act does not define the Board of Directors (BoDs). Even ‘Director’ is simply defined as ‘it includes any person…

According to Bacon and Brown, BoDs, in terms of strategic management, have three basic tasks. To initiate and determine: A board can delineate an organisation’s…

The provision of section 292 of the Companies Act provides for delegation of powers by the BoD to the Committee of Directors of the powers…

The role of the Chairman is to manage the board and ensure that its policies are put into practice by the management. He must have…

The role of a CEO is to achieve the organizational objective, by efficiently running the organization. He also needs to maintain close working relation with…