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CORPORATE EXCELLENCE
Meaning Code of Corporate Governance
Managers
Directors
4 of 36
Value Added
5 of 36
Basic ingredients of CG
Accountability of board of directors to ultimate owners Transparency in timely disclosures of right information with integrity Clarity in responsibilities of directors, chairman and managing director through empowerment to enhance accountability Quality and competence of directors and their tract record. Popular participation in decision-making, implementation and responsiveness Checks and balances in governance. Conforming to laws, rules and spirit of codes.
Accountability
Ensure that management is accountable to the Board Ensure that the Board is accountable to shareholders
Fairness
Protect Shareholders rights Treat all shareholders including minorities, equitably Provide effective redress for violations
Transparency
Ensure timely, accurate disclosure on all material matters, including the financial situation, performance, ownership and corporate governance
Independence
Procedures and structures are in place so as to minimise, or avoid completely conflicts of interest Independent Directors and Advisers i.e. free from the influence of others
Golden Peacock award for excellence in corporate Governance and Corporate Social Responsibility won by TISCO