Corporate Governance Certification Services

As rational human beings we expect good governance in every facet of our life, in our economy, in polity, in our social and cultural life. Every stakeholder in every kind of enterprise (public, private, non profit making or a non profit service oriented organization) expects good governance. With globalization and liberalization gaining momentum, gone are the days of sheltered economies and totalitarian regimes where market forces had hardly much to say.

With the emergence of the limited liability form of corporate business organization, the issues embracing corporate governance have assumed great deal of importance and have been warranting close scrutiny, which has over the last two decades enlarged the window of opportunity.

Corporate governance refers to a combination of laws, regulations, procedures, implicit rules and voluntary practices which enable companies to attract financial and human capital, perform efficiently and maximize long term value for shareholders, while respecting the aspect of multiple stakeholders.

Corporate Governance rests on four pillars viz., transparency, full disclosure, independent monitoring and being fair to all, especially to minority shareholders.
The Corporate Governance framework should ensure that timely and accurate disclosures are made on all material matters regarding the corporation, including financial situation, performance, ownership and governance of the company.

The corporate governance system has taken center stage in India after the issue of SEBI guidelines and amendment of listing agreements of the various stock exchanges in response thereto and amendment to the Companies Act.

Organizations have realized that alignment between organizations strategic business goals, value drivers, and the Enterprise Risk Assurance agenda enables continued good corporate health.

• Accountability
• Effective Supervision
• Independent verification
• Balance in the Boardroom
• Sufficient number of non – executives directors who are independent of the board, etc
• Maintenance and periodic review of the internal control system
• Periodic monitoring through internal audit
• Adequate disclosure and transparency in reports
• Independent audit
• Formation of an independent audit committee for the board
• Participation in board of directors of Companies, to ensure good corporate governance, establishing healthy transparent business practices for the future.
• The prevalent corporate structure, culture and the management ethos of the corporate sector also have an overwhelming influence on the nature of corporate governance.

The focus on capital markets-national as well as international- for mobilization of resources has made corporate governance increasingly indispensable. Good Corporate governance and vibrant capital markets are considered to be a sine-a-qua.

We at S.R.Dinodia & Co. help our clients in the most effective corporate compliance methods in line with the guidelines issued.