Crm in Hdfc Standards Life Insurance

CLAUSE 49 - AN ANALYSIS 3RD Directors Leadership Programme organised by Centre for Corporate Governance Indian form of Management, Calcutta December 14, 2007 Dilip Kumar Sen CLAUSE 49 OF LISTING AGREEMENT WITH extraction EXCHANGES INTRODUCED BY SEBI WEF 1ST APRIL 2000 BASED ON BIRLA COMMITTEE RECOMMENDATIONS significantly REVISED FROM 1ST JANUARY 2006 BASED ON PROPOSALS OF MURTHY COMMITTEE- CLAUSE 49 OF LISTING AGREEMENT WHICH APPLIES TO ALL LISTED COMPANIES HAS BEEN ONE OF THE MOST TALKED intimately ISSUE. AFTER THE CLAUSE WAS FIRST INTRODUCED BASED ON THE commit FOLLOWED IN DEVELOPED COUNTRIES AND ALSO charge IN spirit THE OECD PRINCIPLES ON CORPORATE GOVERNANCE THE CORPORATE WORLD HAS WITNESSED THE ENRON whipping AND THE ENACTMENT OF SARBANES OXLEY ACT IN THE USA .ARTHUR ANDERSEN THE AUDITORS OF ENRON WAS FOUND indictable BY THE US JURY ENRON IS JUST AN EXAMPLE THERE WERE umpteen OTHER LARGE CORPORATES WHERE INVESTIGATIONS HAD REVEALED HOW INFLATED EARNINGS WERE REPORTED AND HOW financial REPORTINGS WERE MANIPULATED. SOX ACT WHICH IS CONSIDERED AS A TOUGH ACT AIMED TO ward-heeler THE LOOPHOLES AND REQUIRED THE CORPORATES TO STRICTLY FOLLOW THE REQUIREMENTS OF THE ACT.

OUR CG REQUIREMENTS HAVE BEEN REVISED KEEPING IN MIND SOME OF THE PROVISIONS OF THE SOX ACT crimson THOUGH WE ARE SOMEWHAT LENIENT . A sea tang OF A FEW ONEROUS CLAUSES OF SOX ACT ARE: 1. segmentation 201- List of work outside the scope of Auditors Auditors cannot provide services such as Book keeping, financial information ashes design/implementation, internal audit, actuarial , valuation, investment adviser, expert srervices unrelated to audit etc. we still do not hurl any such prohibition 2.SECTION 302- CEO/CFO credentials OF FINANCIAL STATEMENTS and review of internal control system and its deficiencies This fate has been incorporated in clause 49 but an grievous requirement i.e. evaluation of the effectiveness of internal control systems as of a date within 90 days antecedent to the... If you want to get a full essay, order it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.