Sarbanes-Oxley Act came into force in response to corporate financial scandals that emerged due to Enron, Tyco, Global Crossing, Arthur Andersen and WorldCom to protect shareholders and the public from accounting errors and unethical business practices. It brought major changes to the regulation of financial practice and corporate governance. The Act covers issues related to creating a public company accounting oversight board, auditor independence, corporate responsibility and improved financial disclosure
Words: 694 - Pages: 3
Elantas Beck India Ltd. Heading/Subheadings | 2011 | 2012 | 2013 | * Director’s Report | 4 | 4 | 4 | * Financial Highlights | 4 | 4 | 4 | * Performance | 4 | 4 | 4 | * Dividend | 4 | 4 | 4 | * Directors | 4 | 4 | 4 | * Corporate Governance | 4 | 5 | 5 | * Change in address of registered office of company | - | 5 | 5 | * Listing on Bombay Stock Exchange | 4 | 5 | 5 | * Directors’ Responsibility Statement | 5 | 5 | 5 | * Cost Audit | 5 | 5 | 5
Words: 3005 - Pages: 13
Reporting Practices and Ethics Paper HCS 405 Reporting Practices and Ethics Paper According to the American Medical Association’s Code of Medical Ethics, “a physician shall support access to medical care for all people” (Zonana, 2001, p.1). This principle becomes an ethical dilemma, however; in our currently divided system in which those without insurance are not provided the same access to health care as those with insurance. Health care providers are continually obligate to balance
Words: 855 - Pages: 4
COMMISSION SEC Building, EDSA, Greenhills Mandaluyong City SEC Memorandum Circular No. 6 Series of 2009 REVISED CODE OF CORPORATE GOVERNANCE Pursuant to its mandate under the Securities Regulation Code and the Corporation Code, the Securities and Exchange Commission (the “Commission”), in a meeting held on June 18, 2009, approved the promulgation of this Revised Code of Corporate Governance (the “Code”) which shall apply to registered corporations and to branches or subsidiaries of foreign corporations
Words: 6584 - Pages: 27
GO GREEN - A CHANGE THAT CAN CHANGE OUR LIVES 1. 2. 3. 4. 5. 6. 7. 8. 9. Contents.......................................................................................................... 1 Vision and Mission and definition of Corporate Governance ............................ 2 Introduction..................................................................................................... 3 ICSI Map .........................................................................................
Words: 8537 - Pages: 35
Clause 49 of Listing Agreement The company agrees to comply with the following provisions: I. Board of Directors (A) Composition of Board i. The Board of directors of the company shall have an optimum combination of executive and non-executive directors with not less than fifty percent of the board of directors comprising of non-executive directors. ii. Where the Chairman of the Board is a non-executive director, at least one-third of the Board should comprise of independent directors
Words: 5736 - Pages: 23
exponentially larger bonuses, and shareholder expectations have pushed corporate decision makers into murky waters when deciding which course of action to take. In an era of instant communication, public distrust, and a multitude of variables to consider before making a decision, leaders must have some form of guideline to help them make choices that reflect responsibility and accountability. The creation and implementation of an official corporate governance policy and internal practice will lead to these critical
Words: 1157 - Pages: 5
Examination Paper MM.50 Corporate Governance Section A: OBJECTIVE TYPE (20 marks) 1. A 2. C 3. A 4. A 5. C 6. B 7. B 8. D 9. B 10. A 11. B 12. B 13. A 14. C 15. C 16. A 17. B 18. A 19. A 20. B SECTION B: Short Notes (10 marks) 1. Clause 49 of the Listing Agreement to the Indian stock exchange comes into effect from 31 December 2005. It has been formulated for the improvement of corporate governance in all listed companies. In corporate hierarchy two types
Words: 1050 - Pages: 5
accomplishing the objective can be met. The second element of financial management is controlling. In controlling the goals set in the planning element are monitored to ensure that the goal is on track. In the controlling stage of planning, managers use reports to track the goals, compare information and to gain feedback on the status of the goals. Organizing and directing is the third financial management element. In this element the manager works daily to track the progress of the goals, reviews daily
Words: 1271 - Pages: 6
Introduction Ethics and compliance play a tremendous factor in the overall success of an organization. They are excellent tactics for building organizational trust and transparency. Ethics and compliance empowers the organization to minimize risk and maximize your culture of integrity. (Global Compliance and Ethics, para. 1) In this paper we will examine the ethics and compliance of Pepsi-Cola. After obtaining the organization’s annual report and SEC filings for the past three years
Words: 1893 - Pages: 8
