CORPORATE GOVERNANCE IN SERVICE SECTOR

Submitted by: Sakshi Arora(47) Sanjib(48) Ritu(46)

CORPORATE GOVERNANCE

 Corporate

governance is the set of processes, customs, policies, laws, and institutions affecting the way a corporation (or company) is directed, administered or controlled. ...

CORPORATE GOVERNANCE

Shareholder.
Board of directors. Management.

CORPORATE GOVERNANCE

Infosys. Wipro. State Bank of India Union Bank of India

ITC hotels.
and many more.
CORPORATE GOVERNANCE

ITC is one of India's foremost service sector companies with a market capitalization of nearly US $ 18 billion and a turnover of over US $ 4.75 billion. ITC is rated among the World's Best Big Companies ITC has a diversified presence in Cigarettes, Hotels, Paperboards & Specialty Papers, Packaging, AgriBusiness, Packaged Foods & Confectionery, Information Technology, Branded Apparel, Personal Care, Stationery, Safety Matches etc.
CORPORATE GOVERNANCE

ITC defines Corporate Governance as a systemic process by which companies are directed and controlled to enhance their wealth generating capacity.

CORPORATE GOVERNANCE

ITC's Corporate Governance initiative is based on two core principles. These are:

Management must have the executive freedom to drive the enterprise forward without undue restraints; and This freedom of management should be exercised within a framework of effective accountability

CORPORATE GOVERNANCE

Cornerstones

Trusteeship
Transparency Accountability Control Ethical Corporate Citizenship
CORPORATE GOVERNANCE

Corporate Governance in ITC shall take place at three interlinked levels, namely

Strategic supervision by the Board of Directors Strategic management by the Corporate Management Committee Executive management by the Divisional Chief Executive
CORPORATE GOVERNANCE

Corporate Governance is wrong interpreted to nurture the interest of the shareholders only. It is beyond that which promotes the integrity of business

CORPORATE GOVERNANCE

CORPORATE GOVERNANCE