Question

The Board of Directors, shareholders, stakeholders (like community and interest groups), and executive compensation, are the most common factors that influence the strength of corporate governance in an organization. Identify a company and search their website using the terms “corporate governance” or “investor relations” or “corporate social responsibility reporting” (you may identify others that also address the company's governance policies, such as “transparency” “ethics” or “code of conduct”).

Answer 1

Ans – We have taken the Cummins as the organization in example.

Corporate Governance of Cummins – Our Corporate Governance model strives to carry out the mission, vision and value of Cummins while enhancing value for our shareholder, employees, communities and other stakeholders.

Company Vision -Making People lives better by unleashing the power of Cummins.

Mission –

· Motivating People to act like an owner.

· Exceeding customer expectation to begin first in the market.

· Partnering with customer make sure they succeed.

· Demanding that everything we do leads cleaner, healthier and safe environment.

· Create wealth for stack holder.

Company Governance policies and procedure-

· Code of conduct for board of director.

· Code of business conduct.

· Ethics.

· Nomination and remuneration policy.

· Corporate social responsibility.

· Risk management committee charter.

· Dividend distribution policy.

· Material subsidiary policy.

· Related party transaction policy.