FINANCIAL RESEARCH AND ANALYSIS

Submitted to:

Submitted by:
Group 4

A list of items included in the reports

 Statements of disclosure of governance procedures and compliance
 Information on board composition
 Statements on the company's performance
 Information about compliance and conformance with best practices for good
corporate governance
 Board of directors
 Audit committee
 Nomination and remuneration committee
 Performance evaluation
 Stakeholders’ relationship committee
 Corporate social responsibility committee
 Risk management committee
  CEO/ CFO certification
 General body meetings
 Means of communication
 General shareholder information
 Listing on stock exchanges and stock code
 Commodity price risk or foreign exchange risk and hedging activities
 Plant locations
 Credit rating
 Management discussion and analysis report
 Disclosures
 Certificate of non-disqualification of directors

Role of the Board

A board of directors is simply a group of people chosen by shareholders to represent them.
Every public corporation is required by law to appoint a board of directors; many nonprofit
organizations and private companies, while not compelled, do so as well. The board is in
charge of safeguarding shareholders' interests, creating management policies, overseeing the
business or organization, and making critical decisions about the company's or organization's
concerns.

Functions of a Board
 Creating dividend policies
 Creating options policies
 Hiring and firing of senior executives (especially the CEO)
 Establishing compensation for executives
 Supporting executives and their teams
 Maintaining company resources
 Setting company goals

Corporate Governance Report – Purpose and Significance

Corporate governance is a report which is given by the company to the management.
Corporate governance report significant varies from one company to another company. Each
company follows its own set of rules, practices and process and ensures that the company is
being managed in a proper way which does not jeopardize with working of the company. The
ultimate aim of all the companies is to meet the stakeholders and shareholders expectations.
Also, good corporate governance practices steps from the dynamic culture and positive
mindset of the organisation. A corporate governance report is also called the annual corporate
report. It includes a statement of corporate governance procedures and compliance,
information on board composition, statements on the company's performance, and
information about compliance and conformance with best practices for good corporate
governance. It should also disclose the principles and codes that guide the company's
procedures. Disclosure statements usually details the distribution of powers between the
board chair and the CEO.
Need for corporate governance arise due to separation of management from ownership. For a
firm success it is necessary to concentrate on both aspects social as well as economic. It
needs to protect the interest of stakeholders and to be fair with producers, shareholders,
communities etc. It needs to serve its all responsibilities in a best possible manner.
Transparency in any business is pre requisite condition for the growth, profitability and
stability of any business. The need for good corporate governance arises due to growing
competition amongst business in all economic sectors at national as well as international
level.

Significance of the Report

All rules, regulations, procedures, and practices that control how a company is run are
referred to as corporate governance. It establishes the rights and obligations of all active
agents inside an organization in order to attract talent and financial resources, improve
internal efficiency, and provide long-term economic value to stakeholders.
The beneficial effects that emerge when risks are controlled and organizational procedures
are streamlined and consistent demonstrate the relevance of corporate governance. Good
corporate governance has a number of immediate benefits for businesses.
The process becomes efficient as a result of the repeatability and consistency of tasks
completed, and this repeatability and consistency aids in swiftly identifying nonconformities
in processes. Companies can eliminate waste from junk, rework, and other costly
inefficiencies by streamlining activities. Regular disturbances from inconsistent processes are
eliminated as operation specifics become either 'conform' or 'non-conform.' A corporate
governance-friendly culture permits a company's product to reach the market while satisfying
its planned specifications and functioning properly.