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 Azim

IMS,GHAZIABAD Neha Gupta ()

Nitin Agarwal
()

Vijit Khanna
()

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.

Azim()9262)

Neha Gupta (09273)

Nitin Agarwal
(09274)

Vijit Khanna
()

Amit Datta
()

Rajat Tyagi ()
TABLE OF CONTENTS
S.NO. TOPIC PAGE NO.
1 ABSTRACT 1
2 INTRODUCTION 2-7
2.1 PRINCIPLES 3-4
2.2 ISSUES INVOLVING CG 4
2.3 MECHANISM OF CONTROL 5
2.5 INTERNAL CG CONTROL 5-6
2.6 EXERNAL CG CONTROL 7
3 CORPORATE GOVERNANCE IN DEVELOPING 8-11
NATIONS
3.1 CORPORATE GOVERNANCE IN INDIA 8-9
3.2 GENESIS OF CG IN INDIA 10
3.3 FACTORS AFEECTING CG IN INDIA 11
3.3 CG AT INFOSYS 12-16
3.4 CG AT HPCL 17-19
4 CORPORATE GOVERNANCE IN DEVELOPED 20-25
NATIONS
4.1 CG IN UK 20-25
4.2 CHECKS AND BALANCES 20
4.3 ADVANTAGES OF UK APPROCH 20
4.4 DEVELOPMENT OF CORPORATE GOVERNANCE 21
IN UK
 4.5 RATINALE BEHIND UK APPROACH 22
4.6 UK REGULATORY FRAMEWORK 23-24
4.7 ESSENTIAL FETURES OF UK CORPORATE 25
GOVERNANCE
4.8 REMMUNERATION 25
4.9 ACCOUNTABILITY AND AUDIT 25
4.10 CG AT MICRISOFT CORPORATIONS 26-27
4.11 CG AT GLAXO SMITH KLINE 28-30
5 ANALYSIS 31-32
6 CONCLUSION 33-34
7 RECOMMENDATIONS 35-38
8 REFERENCES 39