Professional Documents
Culture Documents
Corporate Governance: Prof. Khan Abdul Kadir
Corporate Governance: Prof. Khan Abdul Kadir
1. Strategic Planning
2. Capital Allocation
3. Long Range Goals
4. Performance Appraisal
5. Manpower Planning
Rights of Investors / Shareholders
Rights of Investors / Shareholders
• Investors who purchase CORPORATE stock
enjoy a number of rights pertaining to their
ownership. Unlike partnership law, where
the owners of businesses are also the
primary managers of the businesses, owners
of a corporation generally do not run the
company. Shareholders in a corporation are
shielded from personal liability for the debts
and obligations of the corporation. However,
shareholders can lose their investments
should the corporation fail.
• Voting rights on issues that affect the corporation as a
whole
• Rights related to the assets of the corporation
• Rights related to the transfer of stock
• Rights to receive dividends as declared by the board of
directors of the corporation
• Rights to inspect the records and books of the
corporation
• Rights to bring suit against the corporation for wrongful
acts by the directors and officers of the corporation
• Rights to share in the proceeds recovered when the
corporation liquidates its assets
Various Committees on Corporate
Governance
With the CG reports of Adrian Cadbury in the
United Kingdom, Mervyn King in South Africa
and Kumarmangalam Birla in India the subject
was reduced to controlling shareholder
operations and ensure ethical practices in the
financial sector.
From there, it has moved into other areas of the
organization but unfortunately restricts itself to
the management and control of funds. The
ambit of significance of CG lies far beyond this.
Cadbury Committee Report (1992)