Documentos de Académico
Documentos de Profesional
Documentos de Cultura
Prof . A. Mandal
Introducing Myself
Atanu Mandal
atanu.mail4phone@gmail.com atanu.mandal@indiraisbs.ac.in
+91 9028911588
Your Name
Objective / Goal of the course The main objective of this course is to inculcate a visionary
and strategic thinking in the mindset of the MBA student. More specific objectives are as follows: To develop a cross-functional and holistic view of the business organization that is fully exposed to the vulnerabilities of the rapidly changing, hyper-competitive and increasingly unpredictable external environment. To understand the challenges of internal integration and external adoption. To develop the ability of analyzing varying business situations and finding the possible ways aimed at achieving the desired organizational goals.
Books
To be referred later
Grading Plan
Prof. A. Mandal
What is a Company?
Company is a voluntary association of persons formed for the purpose of doing business, having a distinct name and limited liability. It is a juristic person having a separate legal entity distinct from the members who constitute it, capable of rights and duties of its own and endowed with the potential of perpetual succession. The Companies Act, 1956, states that 'company' includes company formed and registered under the Act or an existing company i.e. a company formed or registered under any of the previous company laws.
What is a Company?
However, company is not a citizen so as to claim fundamental rights granted to citizens.Company is a 'juristic person' and it can file a suit as an 'indigent person' An Expression 'person' includes not merely a natural person but also other juridical persons. A company being a juristic person would be represented before a Court of law or any other place by a person competent to represent it
What is a Company?
. It is enough that the person competent to represent a company presents the application on behalf of the company. Minors, lunatics or person under any disability are also entitled to file a suit either through guardian or the next friend. In such a case it is the guardian or next friend who is competent to represent the petitioner.Company is a separate legal entity. Company is separate legal entity distinct from its shareholders.
What is a Company?
The major constituents of a company are its members, who are the ultimate owners and its directors. It is an important feature of the company form of business, that there is a gap between the ownership and control over the affairs of the company. In real sense the members are the owners of a company, but it is being managed by the directors who are elected representatives of its members, because it is absolutely necessary for it to have a human agency called as the Company's board of directors. The Board of Directors comprises the directors.
Satyam Scam
Corporate Governance
Contemporary corporate governance started in 1992 with the Cadbury report in the UK Cadbury was the result of several high profile company collapses is concerned primarily with protecting weak and widely dispersed shareholders against self-interested Directors and managers
Corporate Governance
Primarily concerned with public listed companies i.e. those listed on a Stock Exchange Focused on preventing corporate collapses such as Enron, Polly Peck and the Maxwell companies
Corporate Governance
What relevance does it have to India where along with public listed companies we have millions of privately owned companies? Most companies are non-listed, private family owned businesses where the shareholders and the managers are often the same people
ACCOUNTABILITY
FAIRNESS
COMPANY
TRANSPERANCY
INDEPENDENCE
Accountability
Ensure that management is accountable to the Board Ensure that the Board is accountable to shareholders
Fairness
Protect Shareholders rights Treat all shareholders including minorities, equitably Provide effective redress for violations
Transparency
Ensure timely, accurate disclosure on all material matters, including the financial situation, performance, ownership and corporate governance
Independence
Procedures and structures are in place so as to minimise, or avoid completely conflicts of interest Independent Directors and Advisers i.e. free from the influence of others