BUSINESS ETHICS AND CORPORATE

GOVERNANCE

Name :- Panchal Kunal Rajeshbhai

GOVERNANCE
• DEFINITION
Governance is a mechanism through which boards and
directors are able to direct, monitor and supervise the
conduct and operation of the institution and its management
in a manner that ensures appropriate levels of authority,
accountability, stewardship, leadership, direction and control.
 Corporate governance consists of the set of processes,
customs, policies, laws and institutions affecting the way
people direct, administer or control a corporation. Corporate
governance also includes the relationships among the many
stakeholders involved and the corporate goals .
MANAGEMENT
• DEFINITION
Management concerns the day-to-day operation of
the institution/program within the context of the strategies,
policies, processes, and procedures that have been
established by the governing body.
 Management application can be utilised by a person or group
of persons and by a company or a group of companies
depending upon the type of management skills being used.
Management can be applied to every aspect of activity of a
person or an organization.
 DIFFERENCE BETWEEN GOVERNANCE
AND MANAGEMENT
GOVERNANCE
 "Governance" is the strategic
task of setting the
organisation's goals, direction,
limitations and accountability
frameworks.
 Governance is overseeing the
corporate policy
implementation for fulfilling all
the stakeholders' expectations.
 Governance includes,
discharging of: Economic,
Legal, Ethical and Social
responsibilities.
MANAGEMENT
 "Management" is the allocation
of resources and overseeing the
daily operations of the
organisation.
 Management's job is prudent
utilization of corporate resources
for sustainable growth and
development by creating
competitive advantage through
research, innovation and
development of intellectual
capital.
 Decision makings & control, are
integral part of both governance
and management.
ANY QUERY

THANK YOU