Summary The role of Governance and ethic in strategy Process

Corporate Culture

Broader definition for social responsibility

Shareholder interest


Corporate culture Identifying and working on


Stake holder (other than
shareholder)
interest




Business and corporate governance
 Strengthening of control  Accountability of Management
 Sustainable wealth creation  More attractive two institutional investor
 Good management good profits  Raises share prices


Objective of corporate governance

Monitor management Balanced BOD structure Remunerated fairly


Risk identification auditors Independence


other business issues (ethical, SCR and whistle blowers)



Long term shareholder value


Control from above cascading down to lower level


Increased transparency and confidence


Increased reporting


Operated in legal and ethical
manner