This website uses cookies to ensure you have the best experience. Learn more

Corporate Governance Essay

1225 words - 5 pages

Corporate Governance of Jindal Steel & Power Limited

Corporate Governance in Jindal Steel is adopted as a value system for ensuring efficient working and proper conduct of the business and affairs of the Company with a view to put the available resources at optimum use, increase operational efficiency and enhance shareholders’ wealth. Company’s Corporate Governance Philosophy is equity, fairplay, judicious utilization of resources, responsiveness towards stakeholders such as shareholders, lenders, customers, vendors, employees, society’s needs, empowerment of human resource, preserving natural heritage, strengthening administrative structure, its systems, policies and procedures. This ...view middle of the document...

Communication
Information like financial results (quarterly, half-yearly or annual) and press releases on significant developments in the Company that has been available from time to time, to the press is hosted on the Company’s website and also submitted to the stock exchanges to enable them to put them on their websites and communicate to their members. The financial results are published in various English and vernacular newspapers. Details of management discussion and analysis are printed in the annual report. The company electronically files specific documents and statements on the corpfiling website.
Codes of Conduct
The code of conduct has been laid down by the Board with a view to promote good corporate governance and exemplary personal conduct. It is applicable to all directors and senior managerial personnel of the company. The Board of Directors has also approved a Code of internal procedures and conduct for prevention of insider trading in the shares of the company and Code of corporate disclosure practices for prevention of insider trading. These are available on the Company’s website.
As a part of its commitment to follow best practices and good corporate governance, JSPL abides by rules and guidelines as laid down by the Security and Exchange Board of India (SEBI). Conforming to these guidelines, and enthused by its own urge to be looked upon as a free, fair and trustworthy organisation, the Company always ensures that all its business and social accomplishments are achieved with integrity.

CODE OF CONDUCT FOR BOARD OF DIRECTORS AND SENIOR MANAGEMENT OF JINDAL STEEL & POWER LIMITED
Applicability of the Code
As per sub clause I (D) (i) of the revised Clause 49 of the listing agreement with the stock exchanges relating to Corporate Governance, Board of Directors of the Company is required to have a Code of Conduct to be followed by all the Board members and senior management of the Company.
This Code of conduct shall apply to:-
1) All members of Board of Directors.
2) All Executive Directors (non-Board members), all employees who are designated as Vice Presidents and above and all functional heads (hereinafter referred to as ‘Senior Management’ of the Company).
The Directors and Senior Management should:
1. Use reasonable efforts to attend Board and Committee meetings / office work regularly.
2. Dedicate sufficient time, energy and attention to the Company to ensure diligent performance of his / her duties, including preparing for meetings and decision making.
3. Seek to comply with all Corporate Policies.
4. Act in the best interest of, and fulfill their fiduciary obligations / responsibilities to, Company’s shareholders, stakeholders, customers etc.
5. Comply with all applicable laws, rules, regulations and guidelines.
6. Avoid any situation in which there is an actual or apparent conflict of interest that could interfere with the Director’s or member of senior management’s judgment in...

Other assignments on Corporate Governance

Corporate Governance In Businesses Today Essay

1173 words - 5 pages Models of Corporate Governance 1. Anglo-US Model The Anglo-US model is based on a system of individual or institutional shareholders that are outsiders of the corporation. The other key players that make up the three sides of the corporate governance triangle in the Anglo-US model are management and the board of directors. This model is designed to separate the control and ownership of any corporation. Therefore the board of most companies

Improved Corporate Governance Improve Japan's Earning Pwer

2049 words - 9 pages Application Paper #2 Improved Corporate Governance will improve Japan’s Earning Power Luis C. Mendoza Corporate Governance GB-6215(Online) Spring 2015 18 April 2015 Can improved Corporate Governance improve Japan’s earning power? Tradition and honor in Japan’s culture are very strongest traits which develop the foundations of daily lives and how corporations conduct business. A tradition in Japan is taking an all male work team

Legality And Ethicality Of Corporate Governance

770 words - 4 pages Legality and Ethicality of Corporate Governance Corporate Governance is control mechanisms that keep management operating within the rules and regulations. Without corporate governance, management could start operating under their own guidelines which may or may not involve integrity, responsibility, or accountability. Publically traded companies are required to have some type of corporate governance in place since the scandals from Enron and

Ahold Corporate Governance

3238 words - 13 pages bureaucracy. India against Corruption with well known activists has come up with such bills and organizing rally to support them ( http://www.indiaagainstcorruption.org ) What are the solutions? Reduce corruption for Govt services by use of Technology such as E-Governance and reduction of Government control. Transparency in Government contracting etc. What are the solutions? Encourage people to vote. Educate the poor that the

A Study Of The Relationship Between Corporate Governance Structures And The Extent Of Voluntary Disclosure

7994 words - 32 pages Journal of International Accounting, Auditing & Taxation 10 (2001) 139 –156 A study of the relationship between corporate governance structures and the extent of voluntary disclosure Simon S.M. Ho*, Kar Shun Wong School of Accountancy, The Chinese University of Hong Kong, Shatin, N.T., Hong Kong Abstract The primary objective of this study is to test a theoretical framework relating four major corporate governance attributes with the

Bjhkh

2668 words - 11 pages Corporate Governance refers to the way an organization is directed, administrated or controlled. It includes the set of rules and regulations that affect the manager’s decision and contribute to the way company is perceived by the current and potential stakeholders. The corporate governance structure specifies the distribution of rights and responsibilities among different participants in the corporation such as; boards, managers, shareholders

Healthsouth- Summary

362 words - 2 pages Teaching Notes HealthSouth Corporation: Fraud, Greed and Corporate Governance Case Summary During the 1990s, Richard M. Scrushy, the former CEO of HealthSouth Corporation, engineered many acquisitions of rehabilitation clinics, outpatient surgical care operators, nursing homes and other health care companies. Mr. Scrushy had been a respiratory therapist who spotted a niche in the health care market and utilized his entrepreneurial talents

Enron’S Stakeholder Impact Case Analysis

1727 words - 7 pages Introduction: Widely known as the champion of the energy industry, Enron is suddenly faced with a corporate crisis in the form of a scandal. This scandal involves not only Enron’s accounting practices but also its corporate governance and culture (Lawrence & Weber, 2008). This report will recommend some potential strategies for Enron to move forward from the scandal. To do this, we must incorporate stakeholder theory, which “argues that

Intelligence

3412 words - 14 pages . 1.5. Reference Bryne. (2011). Economy building http://economybuilding.wordpress.com/2011/03/02/transpanrency-in-corporate-governance/ Accessed on 2nd April, 2013 Constitution of Kenya. (2010). Published by the National Council for Law Reporting with the Authority of the Attorney General. David A. McDonald. (2003). The Legacies of Julius Nyerere, Influences on Development Discourse and Practice in Africa

Term House

484 words - 2 pages customers and investors fairly and ethically. McGraw-Hill companies is an organization that is committed to the highest standards of corporate governance. References: Chew, D. and Gillian, S. (2005). Corporate Governance at the Crossroads: A Book of Readings New York: McGraw-Hill Companies. University of Phoenix. (2010). Charter of the Nominating and Governance Committee of the Board. Retrieved from University of Phoenix, MMPBL570 - Corporate Governance website. Shred Nations. (2012). Retrieved from http://www.shrednations.com/news/2011/02/03/how-much-does-compliance-cost/

Auditing

2531 words - 11 pages Corporate governance heavily refers to the whole structure of rights, processes and controls established internally and externally over the management of a business entity with the objective of protecting the interests of its stakeholders from any type of loses incurring. To begin with, firstly there are three types of auditors in the corporate governances, internal, external and government auditors. The role of the internal auditors in the

Similar Documents

Corporate Governance Essay

950 words - 4 pages Examination Paper IIBM Institute of Business Management Examination Paper Corporate Governance Section A: OBJECTIVE TYPE (20 marks) MM.50 • • • This section consists of Multiple choice questions. Answer all the questions. Questions carry 1 mark each. 1. In the second version of McKinsey’s model called “the Central model” governance chain is represented by a. Well-developed equity market & dispersed ownership b. Underdeveloped equity

Corporate Governance Essay

4334 words - 18 pages ------------------------------------------------- Corporate governance literature review Prepared by: Zainab Ashfaq (4525819) Unit Code: BGP8022 CEO DUALITY-THE COMBINATION OF CHAIRMAN AND CEO ROLES A literature review of different theories and empirical research about CEO Duality. INTRODUCTION Recent financial scandals like Enron, Mobily and WorldCom arise a demand for a better monitoring and

Good Corporate Governance Essay

1723 words - 7 pages Good corporate governance Corporate governance is the set of processes, customs, policies, laws and institutions affecting the way in which a corporation is directed, administered or controlled. Corporate governance also includes the relationships among the many players involved (the stakeholders) and the goals for which the corporation is governed. The principal players are the shareholders, management and the board of directors

Executive Corporate Governance Essay

474 words - 2 pages What is corporate Governance ? Every organisation, business or company has a group of leaders at the top. They are the executive directors. As a group of leaders, the board of directors has the responsibility to make decisions on how a small business or an organisation must be organised and managed. The board uses corporate governance principles, ideas, institutions and actions in their instructions to the executive managers of the business