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the set of responsibilities and practices, policies and procedures, exercised by an agencys executive to provide strategic directive, ensure objectives manage risk and use resources responsibly and with accountability.
CG
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CEO/MD/ED
President
Chairman
Ishak
Bikash
Sagun
Manisha
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Generally derived from the private sector Ensures public accountability Promotes responsive and accountable institutions
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O: Observed LO: Low Observed PO: Partially Observed MO: Materially Observed NO: Not Observed
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O: Observed LO: Low Observed PO: Partially Observed MO: Materially Observed NO: Not Observed
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Ishak
Bikash
Sagun
Manisha
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Board Effectiveness
Corporate Governance
Model Statements, Policies & Practices
Source: ICSI
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The private sector model view shareholder as main stakeholder In public sector specific users group those directly responsible for funding and the community at large assume great importance as stakeholder Stewardship and accountability of use of funds and assets is particularly important in public sector Maintain faith in system and promote better service to the public sector to maintain faith in the system and promote better service to the public
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3.
4. 5.
6.
7.
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Ishak
Bikash
Sagun
Manisha
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CG in Public Enterprise
Regulatory bodies fail to enforce corporate governance code -Himalayan Times, 2012/8/29
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Conclusion
Only improvement in the policy cannot ensure good governance, leadership commitment is equally necessary. CG of Nepal benchmark the OECD principles.
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flexibility.
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THANK YOU
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