Non-financial reporting in india

hi there...:)

I attended a session on "Non-financing reporting in India" by Mr Viraf Mehta.I must say it was awesome.

Let me take you to the main points discussed in the seminar.

i would give you an amazing insight into the thinking process i learnt during the session.Take any product in your vicinity.Now check the label of that product.Does it tell you how many children were involved in the making of that product.Do you know how much were the labors paid for making the product.Do you know is the product recyclable.Do you know what was the percentage of pesticide used in making the  product.I mean the question keeps on hitting you over and over again.It demands an answer.
Doesn't it? I ask you as a reader . Don't you have a right to know???

Let's ask some more difficult questions from the companies:

How many people work in your firm?

What is the gender ratio of your company?

How many women are there on the board?

Is there a union in your company?

There needs to be a proactive approach from our side.We need to demand answers."chalta hain" attitude has already done it's charm now is the time to stand up and ask questions.

i leave you with a question.We all talk about child labor and how it is so bad.But......................

"Do you know how many rights does a child have??????"

A seminar on "Revised clause 49 of the equity listing agreement".

What is corporate governance?

It is the set of  broader principles,processes by which a corporate is controlled and directed.
For further details Click here:I know More!!

Why is it important for listed companies to comply with this?

These companies are using public money so some regulatory mechanism should be in place to keep a check on them.

What are the principles of this clause?

1.Rights to shareholders.
2.Stakeholders role in corporate governance.
3.Disclosure and Transparency.
4.Responsibilities of the board.
5.Key functions of the board.

What is the composition of the board?

Atleast 50 percent of the board comprising of non-executive directors.

A director should not be on the boards of more than 7 listed companies.

A director is there for a term of 5 years.