PROJECT REPORT

ON

“A COMPARATIVE STUDY OF BEST PRACTICES IN COPORATE

GOVERNANCE IN A GLOBAL PERSPECTIVE ”

SUBMITTED TOWARDS PARTIAL FULFILLMENT

OF

BUSINESS ETHICS AND CORPORATE GOVERNACE

(APPROVED BY AICTE, GOVT. OF INDIA)

ACADEMIC SESSION
2009 – 2011
SUBMITTED TO: SUBMITTED BY:

Dr. S.R.DASH Ankit(09254)

IMS,GHAZIABAD Azim(09262)

Neha
Gupta(09273)

Nitin
Agarwal(09274)

Vijit
Khanna(09293)

Amit Datta

Rajat Tyagi
 TO WHOM SO EVER IT MAY CONCERN

This is to certify that these students of PGDM (Full Time) 2009-

2011 batch, IMS Ghaziabad, has done their project under my
supervision and guidance.

During their project they were found to be very sincere and

attentive to small details whatsoever was told to them.

I wish them good luck and success in their future

Dr. S. R. DASH

Associate Professor

IMS, Ghaziabad
 ACKNOWLEDGEMENT

“No book is the work only of its

authors”.

It is our heartfelt honor to thank Dr. S. R. DASH, faculty and project

guide for his valuable guidance in successful completion of this project.
This project would not have seen the light of the day but for his
sustained direction, supervision and continuous encouragement that
saw us sail through the difficulties faced. His freehandedness and
enthusiasm had an infectious influence. There are many more people
whose contribution to this endeavor cannot be overlooked.

We express our sincere thanks to all the people who, directly or

indirectly, contributed in time, energy and knowledge to this effort.

Ankit(9254)

Azim(9262)

Neha Gupta (09273)

Nitin Agarwal
(09274)

Vijit Khanna
(09293)

Amit Datta

Rajat Tyagi
TABLE OF CONTENTS
S.NO. TOPIC PAGE NO.
1 Executive Summary 1
2 INTRODUCTION 3
2.1 Corporate Governance 3
2.2 Responsibilities 6
2.3 Role of Board 7
2.4 Composition of Board 7
2.5 Director Nomination & Election 7
2.6 Independence of Board 8
2.7 Working of Board 8
2.8 Role of Top Management 9
2.9 Social Responsibilities 9
2.10 Environmental Reporting 11
3 Objectives 12
4 CORPORATE GOVERNANCE IN DEVELOPING & 13
DEVELOPED NATIONS
4.1 Corporate Governance regime in India 13
4.2 Corporate Governance regime in the UK 13
4.3 CG AT Unilever 16
4.4 CG AT ITC 22
5 Literature Review 35
6. Research Methodology 39
7 CONCLUSION 43
8 RECOMMENDATIONS 44
9 LIMITATIONS 45
10 REFERENCES 46