Preview

Cg in Insurance Sector

Powerful Essays
Open Document
Open Document
8975 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Cg in Insurance Sector
SUB: - CORPORATE GOVERNANCE

TOPIC: CORPORATE GOVERNANCE IN INSURANCE SECTOR.

.

ACKNOWLEDGEMENT

My deepest thanks to prof.Oberoi sir to Guide the project for guiding and correcting various documents of mine with attention and care. He has taken pain to go through the project and make necessary correction as and when needed.

A special thank of mine goes to my colleague who helped me in completing the project & she exchanged her interesting ideas, thoughts & made this project easy and accurate.
Finally, thanks to everyone who were attached to the project.

Sr no. | Topic | Pg no. | 1.2.3.4.5.6.7.8.9. | Definition Of Corporate governance.Introduction of C.G.Introduction of InsuranceConcept of Insurance / How Insurance worksWhat is IRDA?Need For Corporate Governance In Insurance Sector.Corporate Governance Guidelines For Insurance CompaniesInsurance Companies’ Comments on the New Corporate Governance Code.Conclusion. | 4.5.6.7.9.10.12.39.41. |

Definition

Corporate governance is the set of processes, customs, policies, laws, and institutions affecting the way a corporation (or company) is directed, administered or controlled. Corporate governance also includes the relationships among the many stakeholders involved and the goals for which the corporation is governed. The principal stakeholders are the shareholders, the board of directors, employees, customers, creditors, suppliers, and the community at large.
Corporate governance is a multi-faceted subject. An important theme of corporate governance is to ensure the accountability of certain individuals in an organization through mechanisms that try to reduce or eliminate the principal-agent problem. A related but separate thread of discussions focuses on the impact of a corporate governance system in economic efficiency, with a strong emphasis on shareholders' welfare. There are yet other aspects to the corporate governance subject, such as the stakeholder view and the corporate

You May Also Find These Documents Helpful

  • Better Essays

    Corporate governance is a commonly used phrase to describe a company’s control mechanisms to ensure management is operating according to policies and regulations. Examples of such mechanisms are a company’s internal controls systems, internal audits, external audits, and an audit committee. Corporate governance aims to prevent accounting abuse and fraud. A strong corporate governance system is built upon a strong ethical foundation that supports producing precise and transparent financial statements..…

    • 932 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Corporate governance is the oversight of a company's management performance and ethics by its board of directors.…

    • 4426 Words
    • 18 Pages
    Satisfactory Essays
  • Powerful Essays

    Corporate Governance is a complex field that started to develop very quickly this last decade. The collapse of international firms, the financial crisis, the international scandals, the pressure from the governments and non-profit organizations… are all participating factors that make Corporate Governance an important concern of everyday business.…

    • 1183 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    To ensure the benefit of everyone concerned in an organisation, corporate governance must be enforced. Corporate governance is a term that refers broadly to the rules, processes, or laws by which businesses are operated, regulated and controlled (Search Financial Security, 2008). It involves internal factors defined by the officers, stockholders or constitution of a corporation, but also involves external factors such as consumer groups, clients and government regulations. When an organisation has a well-defined and enforced corporate governance, it makes sure the organisation adheres to accepted ethical standards as well as to formal laws.…

    • 901 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Cima Code of Ethics

    • 351 Words
    • 2 Pages

    Corporate Governance is defined by the Cadbury Committee as ‘the system by which companies are directed and controlled’. It mainly considers the roles of effective controls, business competence and accountability of the management for the benefit of the stakeholders. Due to the size and economic impact, it is primarily involved with the management of public limited companies and observes the corporate structures thus aiding strategic decision-making.…

    • 351 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Up to now no specific world-wide common understanding or single definition for “corporate governance” has been established. More generally, corporate governance can thus be understood as the totality of all national and international regulations (e.g. Sarbanes-Oxley Act), rules, values and principles (e.g. UK’s “Code of best practices”) that apply to businesses and determine how they are steered and monitored.…

    • 1193 Words
    • 5 Pages
    Good Essays
  • Better Essays

    McCoy, T., Martin, K., & Diamond, S. F. (2010). Corporate Governance. Retrieved May 4, 2012, from…

    • 1570 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Corporate governance can be defined as a combination of fairness, precision, accountability and sustainability of corporate behavior. Good Corporate governance is a key factor to achieve the improved performance of an organization. It is fundamental element to safeguard interest of shareholders. For continuous and sustainable growth of an organization, there is no alternative to effective Corporate Governance.…

    • 3173 Words
    • 13 Pages
    Powerful Essays
  • Better Essays

    At the apex of stock market, much importance and approach was given to corporate governance in 1990. Companies tend to overlook corporate governance in a market where the economy is progressing. However, the significance of good governance becomes clearer when the market collapses. Companies having efficient board of directors can start to flourish during difficult times.…

    • 1000 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    • In other words, “Doing the right things for the organization and doing things the right…

    • 3814 Words
    • 27 Pages
    Powerful Essays
  • Powerful Essays

    Breadtalk Anaysis

    • 4599 Words
    • 20 Pages

    Last but not least, thanks and appreciations also go to my colleague in developing the project and people who have willingly helped me put with their abilities.…

    • 4599 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    Gym Management Sytem

    • 2409 Words
    • 10 Pages

    prepared and submitted by __________________, in partial fulfilment of the requirements for the Associate of Computer Programming has been examined and recommended for acceptance and approval.…

    • 2409 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    I am also thankful to my faculty guide Prof. George Joseph, for his guidance and support to execute the project as per the requirements.…

    • 3887 Words
    • 16 Pages
    Powerful Essays
  • Powerful Essays

    Cyber Laws

    • 3600 Words
    • 15 Pages

    Secondly I would also like to thank MR. RAJEEV SIROHI(Advocate) who helped me a lot in finishing this project within the limited time.…

    • 3600 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    Insurance (Reliance)

    • 10930 Words
    • 44 Pages

    I am highly indebted to Mr. R. S. Aggarwal, Project Mentor who has provided me with the necessary information and also for the support extended out to me in the completion of this project and his valuable suggestion and comments on bringing out this project in the best way possible.…

    • 10930 Words
    • 44 Pages
    Powerful Essays