External and Internal Dimensions of Corporate Governance

 Presented by Dr. N. Balasubramanian

Programme Summary

The programme presented with an objective of sharing good business practices and emphasized on the governance and board related nuances with the bias being towards best practices rather than on legal or regulatory requirements alone. The sessions were structured to encourage interactive intra-group learning.

Session Details

Session One: Some External Dimensions of Effective Corporate Governance

The external interface of corporations usually cover the board related issues, capital market dimensions, external stakeholders relationships, social and environmental issues, regulatory compliance, business, government and competitive dimensions, and so on. In this session, we will focus on two dimensions of external governance, how to get the best from the corporate boards, and how to devise, manage and execute an effective communications policy.

Session Two: Some Internal Dimensions of Effective Corporate Governance

Internal dimensions would cover issues relating to organizational structure and human resources management, internal control and risk management mechanisms, strategic planning and performance monitoring processes, executive compensation, ethics and values,  appropriate and credible accounting and reporting mechanisms and processes, internal audits and assurance, management information systems, internal communications, and a culture of compliant and transparent business practices and decision making processes. This session would focus on two dimensions of internal governance, Strategic Planning, and Internal Control Processes.