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Section I The Need for Corporate Governance 2
Section II Conceptualizing Corporate Governance 3
Conceptualizing Corporate Governance (Contd. ) 4
Conceptualizing Corporate Governance (Contd. ) 5
Section III Evolution of Systems of Accountability: Indian Initiatives 6
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SOX 8
SOX-Brief Overview 9
SOX-Brief Overview (Contd. ) 10
SOX-Brief Overview (Contd. ) 11
SOX-Brief Overview (Contd. ) 12
Major Areas of Debate 13
Section IV Director: The Fiduciary 14
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General Duties of Directors 16
Duty of Care and Skill 17
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Duty of Care and Skill (Contd. ) 19
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Duty in Relation to Corporate Opportunity 21
Corporate Opportunity 22
Liabilities of Directors 23
Derivative Action 24
Statutory Liability 25
Director: Legal Provisions 26
Director: Legal Provisions (Contd. ) 27
Issues for Consideration 28
Independent Directors 29
Who is an Independent Director? 30
What is Independence? 31
What is Independence? (Contd. ) 32
Independent Directors 33
Audit Committee 34
Audit Committee (Contd. ) 35
Audit Committee (Contd. ) 36
Audit Committee (Contd. ) 37
Section V Auditors: The Watchful Eye 38
Section V Auditors: The Watchful Eye 39
Auditor’s Liability 40
Auditor’s Liability (Contd. ) 41
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Issues for Consideration 44
Similarities between US position & Indian Proposals 45
Comparison between US & Indian Position 46
Proposed Amendments 47
Section VI Reinventing Corporate Governance in India 48
Reinventing Corporate Governance in India (Contd. ) 49
Reinventing Corporate Governance in India (Contd. ) 50
Conclusion 51
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How to be there. . , 57
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Financial Reporting Assertions 61
Documentation standards 62
Objectives of a walkthrough 63
Gaps in Controls 64
Scope 65
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