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    Insurance

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    Preeti Sapkal
    Corporate governance refers to the system by which companies are directed, controlled, and held accountable to ensure they act in the best interests of stakeholders. Effective corporate governance promotes transparency, ethical practices, and independence of the board of directors. It also aims to balance the interests of shareholders with other stakeholders. Corporate social responsibility involves companies practicing accountability regarding their impact on economic, social, and environmental issues through various programs and initiatives. The document provides examples of CSR activities undertaken by LIC, HDFC, and SBI insurance companies in areas such as education, health, empowering women, and environmental sustainability.

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    Insurance

    Uploaded by

    Preeti Sapkal
    18 views6 pages
    Corporate governance refers to the system by which companies are directed, controlled, and held accountable to ensure they act in the best interests of stakeholders. Effective corporate governance promotes transparency, ethical practices, and independence of the board of directors. It also aims to balance the interests of shareholders with other stakeholders. Corporate social responsibility involves companies practicing accountability regarding their impact on economic, social, and environmental issues through various programs and initiatives. The document provides examples of CSR activities undertaken by LIC, HDFC, and SBI insurance companies in areas such as education, health, empowering women, and environmental sustainability.

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    Corporate governance refers to the system by which companies are directed, controlled, and held accountable to ensure they act in the best interests of stakeholders. Effective corporate governance promotes transparency, ethical practices, and independence of the board of directors. It also aims to balance the interests of shareholders with other stakeholders. Corporate social responsibility involves companies practicing accountability regarding their impact on economic, social, and environmental issues through various programs and initiatives. The document provides examples of CSR activities undertaken by LIC, HDFC, and SBI insurance companies in areas such as education, health, empowering women, and environmental sustainability.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    18 views6 pages

    Insurance

    Uploaded by

    Preeti Sapkal
    Corporate governance refers to the system by which companies are directed, controlled, and held accountable to ensure they act in the best interests of stakeholders. Effective corporate governance promotes transparency, ethical practices, and independence of the board of directors. It also aims to balance the interests of shareholders with other stakeholders. Corporate social responsibility involves companies practicing accountability regarding their impact on economic, social, and environmental issues through various programs and initiatives. The document provides examples of CSR activities undertaken by LIC, HDFC, and SBI insurance companies in areas such as education, health, empowering women, and environmental sustainability.

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    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 6

    Corporate Governance

    Corporate governance is a system by which business are directed, controlled and managed as
    per the desire of the stakeholders. To elaborate further, it refers to the way in which a
    corporation is directed, administered and controlled and to that end it is concerned with
    various internal and external stakeholders involved as well as the governance process designed
    to help a corporation achieve its goal

    Goals and objectives of corporate governance


    1.Foster creativity – transparency and build trust in the organization
    2.their role, innovation and efficiency, improvement and to create an environment of self-actualization.
    3.Promote ethical practices of the Board – since they are engines of growth.
    4.Strengthen the Board of Directors – maintain independence of nominee Directors.
    5.Promote culture innovation, creativity and entrepreneurship in the organization.
    6.Role of financial, non -financial, human and social capital must be recognized and create an environment for
    optimum utilization.
    7.The board must create balance of interest of capital providers with other stakeholders.
    Board of directory whether company following CG practice
    Corporate governance mechanism must promote a system of transparency and timely
    disclosure of information regarding performance, financial health, ownership statistics
    and governance system of the organization. The corporate governance mechanism must
    ensure independence of the Board and its framework should clearly

    LIC
    LIC insurance
    insurance Ltd
    Ltd .. HDFC
    HDFC insurance
    insuranceLtd
    Ltd. . SBI
    SBIinsurance
    insuranceLtd
    Ltd. .

    Total Directors Ten


    Ten (10)
    (10) Directors
    Directors Ten
    Ten(10)Directors
    (10)Directors Eight
    Eight(08)
    (08)Directors
    Directors

    Independent
    Independent Directors
    Directors Three
    Three (03)
    (03) Directors
    Directors Six
    Six(06)
    (06)Directors
    Directors Four
    Four(04)
    (04)Directors
    Directors

    Company
    Company following
    following CG
    CG Yes
    Yes LIC
    LIC Ltd
    Ltd isis Following
    Following Yes HDFC Ltd is Following Yes SBI Ltd is Following CG
    practice
    practice CG
    CG Practice
    Practice CG Practice Practice
    CSR ACTIVITY
    Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially
    accountable—to itself, its stakeholders, and the public. By practicing corporate social responsibility, called
    corporate citizenship

    • Corporate social responsibility is important to both consumers and companies.


    • Corporate responsibility programs are a great way to raise morale in the workplace. 
    •  companies can be conscious of the kind of impact they are having on all aspects of
    society, including economic, social, and environmental.
    CSR Activity of LIC
    1. Eradicating Extreme Hunger &poverty
    2. Promotion of Education
    3. Promoting gender equality & Empowering women
    4. Reducing child mortality & improving maternal health
    5. Ensuring Environmental sustainability
    6. Employment enhancing vocational skill
    7. Social business Project

    Various scheme performed by LIC

    1.Janashree Bima Yojana


    2.Shiksha Sahayojana
    3.Aam Admi Bima Yojana
    4.Lones to social & Economic programs
    5.Insurance business in village
    CSR Activity of HDFC
    Working on educational
    Development, intervention in health
    sector, Environmental Sustainability

    1.Akshaya Patra
    2.Bright Future
    3.Jagruti
    4.Healthy Baby Wealthy Nation
    5.Keshav Srushti
    CSR Activity of SBI

    Various scheme performed by LIC


    1.Support to Udayan for education and holistic development of underprivileged children from Musahar community,
    West Bangal
    2.Supports to Smile Foundation for education of underprivileged children in Maharashtra, Jammu, Karnataka &
    Delhi
    3.Water purifiers were provided to APR (EM) Minority Girls School, Andhra Pradesh
    4.Water purifiers were provided to APR (EM) Minority Girls School, Andhra Pradesh
    5.Environmental education and awareness-raising activities

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