Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
2Activity
0 of .
Results for:
No results containing your search query
P. 1
Corporate Governance - A Case Study

Corporate Governance - A Case Study

Ratings: (0)|Views: 53|Likes:
Published by ClassOf1.com
Infosys Technologies Limited (Infosys) was one of the best managed companies in India in the late 1990s. It regulated the company with good corporate governance practices better than the other companies in India and due to this reason, Infosys received many awards. In 2001, Business world rated Infosys as India's most respected company.
Infosys Technologies Limited (Infosys) was one of the best managed companies in India in the late 1990s. It regulated the company with good corporate governance practices better than the other companies in India and due to this reason, Infosys received many awards. In 2001, Business world rated Infosys as India's most respected company.

More info:

Categories:Types, School Work
Published by: ClassOf1.com on Feb 22, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

05/30/2013

pdf

text

original

 
 
Homework Help
 
Homework Hel
 
24/7 Support
LEARN TO EXCEL
Detailed Explanation
Step-by-Step Solutions
Experienced Tutorswww.classof1.com/homework-help/CaseStudyToll Free: 1-877-252-7763
 
Case Study
 
 
Sub: HBS Topic: Case Study
*
The Homework solutions from Classof1 are intended to help students understand the approach to solving the problem and not forsubmitting the same in lieu of their academic submissions for grades.
Corporate Governance - A Case Study
"Infosys Technologies Limited (Infosys) was one of the best managed companies in India in the late1990s. It regulated the company with good corporate governance practices better than the othercompanies in India and due to this reason, Infosys received many awards. In 2001, Business worldrated Infosys as India's most respected company. According to Credit Lyonnais Securities Asia'ssurvey, it was given second rank for its corporate governance among 495 emerging companies andAsia money poll stated that it was the India's best managed company for five years (1996-2000).Infosys received ""National Award for Excellence in Corporate Governance"" by the Government of India. Far Eastern Economic Review's REVIEW 2000 Survey selected Infosys as one of Asia's leadingcompanies in 2000. The Economic Times reported that it was India's most admired company.Cadbury Committee received all the necessary information from Infosys and the company'scorporate governance practices were fixed as a standard to the other companies to stand as bestmanaged companies in the world.
Corporate governance was established due to the following reasons:
The board members were selected on the basis of their skills, expertise in strategy, technology,finance, human resources, and the capability to guide a high growth, hi-tech software company. Theage criteria are people between 40 and 55 years and should not be board members. Executives ornon-executives for any competitive company of Infosys are not allowed. They should attend, preparefor all board and committee meetings. As a director of Infosys, none of them should be responsibleto interfere with existing and planned future commitments.
 
 
Sub: HBS Topic: Case Study
*
The Homework solutions from Classof1 are intended to help students understand the approach to solving the problem and not forsubmitting the same in lieu of their academic submissions for grades.
The compensation committee is responsible to oversee compensation issues and benefits for boardmembers. The committee comprised of three non-executive directors and their duty is to determineand report compensation issues to the board members.The audit committee supervises the financial and accounting controls with regard to the financialpolicies of the company. Statutory and internal auditors provided the company's transactions qualityto the audit committee regularly. This is inorder to review their performance and also to discussauditing, internal control and financial reporting issues. Audit committee directed the riskmanagement policies and discussed on the areas where internal and management audits should befocussed. It had the complete financial information and hence, it reviewed annual and half yearlystatements. Then, only after their revision, the committee submitted the reports to the board.Along with all these, Infosys focused on succession planning and management development.Succession planning and management development issues were discussed by the chairman with theboard members regularly. Chairman and CEO interacted with the investors, media, and thegovernment and took the advices of managing director, president, COO and CFO, whenever needed.Finally, it can be summarized that Infosys possess well structured corporate governance, with whichit acquired outstanding results."
 

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->