Professional Documents
Culture Documents
on
ROLE OF OECD AND SEBI IN
CORPORATE GOVERNANCE
Guided by:
Dr . Sujith
Kumar S H
Bapuji BSchools,
Davangere.
Presented by:
Smitha . K.B .
Vaishnavi . B .
Objectives:
Corporate governance is the acceptance by management of the
inalienable rights of shareholders as the true owners of the
corporation and of their own role as trustees on behalf of the
shareholders.
It is about commitment to values, about ethical business
conduct and about making a distinction between personal and
corporate funds in the management of a company.
SEBI:
SEBI was a non-statutory body without
any statutory power. In 1995, the SEBI was given additional
statutory power by the Government of India through an
amendment
Securities and Exchange Board of India Act, 1992.
OECD:
OECD, in its endeavor to improve the governance
practices, had published its revised principles on
Corporate Governance in 2002.
SEBI actions:
Conclusion:
There are several corporate governance structures available in
the developed world, but there is no one structure, which can
be singled out as being better than the others.
There is no one size fits all structure for corporate
governance. The Committees recommendations are not,
therefore, based on any one model, but, are designed for the
Indian environment.
Corporate governance extends beyond corporate law.