This presentation is an insight about corporate governance. this includes following topics. - Role of Board of Directors - Responsibility of Board - Responsibility of Board - INDIA - Role of board of directors in Strategic Management - Board of Director’s Continnum - Role of Top Management - Responsibly of Top Management Courtesy - symbiosis students.

1. Corporate Governance
1

2. Role of Board of Directors
Highest governing authority within the
management structure.
Authority and Responsibility to establish basic
corporate policies and ensure that they are
followed
Approval of all the decisions that affect long term
performance.
Responsibility to represent and protect the
shareholder’s/investor’s interest in the company.
2 http://www.ifour-consultancy.com Offshore software development company
India

3. Contd..
It’s duty is to –
select, evaluate and approve appropriate
compensation for the company’s CEO
Evaluate attractiveness of and pay dividends.
Recommend stock split
Oversee share repurchase program
Approve company’s financial statements.
Recommend or strongly discourage acquisitions
and mergers
3 http://www.ifour-consultancy.com Offshore software development company
India

4. Responsibility of Board
1. Setting corporate strategy, overall direction
mission and vision
2. Hiring and firing CEO of top management
3. Controlling, monitoring or supervising top
management
4. Reviewing and approving the use of resources
5. Caring for share holder interest
4 http://www.ifour-consultancy.com Offshore software development company
India

5. Responsibility of Board - INDIA
1. Determination of board functions
2. Setting values, mission and vision statements
for organizations
3. Responsibilities to prepare strategic plan,
operating plan or budget
4. Responsibility to ensure that the company has
adequate resources to meet its objectives
5. Responsibility to monitor progress towards
achieving the agreed objectives
6. Responsibilities for preparing work plan for the
year with monthly benchmarks
5 http://www.ifour-consultancy.com Offshore software development company
India

6. Responsibility of Board – INDIA
7. Mentor, monitor and evaluate CEO
8. Ensure compliance and disclosure to various
acts
9. Communicate with stake holders
10. Set performance objectives, monitor corporate
performance, overseeing merger and
acquisition and other capital expenditure
6 http://www.ifour-consultancy.com Offshore software development company
India

7. Role of board of directors in Strategic
Management
Three basic tasks –
1. Monitor
2. Evaluate and Influence
3. Initiate and Determine
7 http://www.ifour-consultancy.com Offshore software development company
India

8. Board of Director’s Continnum
Phantom
Rubber Stamp
Minimal review
Nominal Participation
Active Participation
Catalyst
8 http://www.ifour-consultancy.com Offshore software development company
India

9. Role of Top Management
Top management is primarily responsible for
strategic management of a firm
Top management function is conducted by the
CEO of the corporation in coordination with the
COO or the President, executive VP and VP of
divisions and functional area
9 http://www.ifour-consultancy.com Offshore software development company
India

10. Responsibly of Top Management
1. Getting things accomplished through and with
others to meet corporate objectives
2. Specific top management task vary from firm to
firm
3. It is developed from and analysis of a mission
objectives, strategies and key activities of
corporation
4. The CEO with support of the rest of the top
management team must handle two primary
responsibilities –
1. Provide executive leadership and strategic vision
2. Manage strategic planning process 10 http://www.ifour-consultancy.com Offshore software development company
India

11. References
• Offshore software development company
11 http://www.ifour-consultancy.com Offshore software development company
India
India
• Symbiosis students
• Ambrish Kumar
• Ankit Bajaj
• Dipesh Golwala
• Nikhil Karkera
• Prateek Patni
• Sudeeksha Verma
• Aditee Thite
• Disclaimer – This presentation is produced with learning and educational objective
taking various references.