Corporate Governance — DU B.Com (P) Previous Year Question Papers

(a) "Corporate Governance and Management are two sides of the same coin.". (b) Explain the Stewardship Theory of Corporate Governance. How does it differ from the Agency Theory in terms of the relationship between managers and shareholders? (6+3) (c) What are the broad features of Anglo-Saxon model of Corporate Governance'? How is it different from the Japanese model of corporate governance. (4+5) (d) Explain how Kautilya's Arthashastra can be considered an early framework for governance. How does it offer insights into Corporate Social Responsibility (CSR). (5+4) What is Shareholders' Activism? What are the several ways available to - 7. 2. shareholders to participate in shareholder activism in India? Also discuss the role of institutional investors in promoting good corporate governance practices. (2+7+9) 3. (a) What were the corporate governance flaws in Lehman Brothers that led to its collapse? (9) (b) What are the latest OECD Principles on Disclosure & Transparency, and Sustainability and resilience? (4.5+4.5) (c) Write a detailed noțe on the collapse of WorldCom (USA). What accounting irregularities were discovered and what were the consequences for corporate governance globally? (9) (d) Explain any four major provisions of The Sarbanes-Oxley Act, 2002 that were introduced to prevent corporate fraud and protect investors. (9) 4. (a) Explain the relevant provisions of the Companies Act, 2013 related to (i) independent directors, and (ii) E-governance (4.5+4.5) (b) Briefly explain the recommendations of SEBI's Kumara Mangalam Birla committee and Narayan Murthy committee. (4.5+4.5) (c) Describe the corporate governance norms relating to the Audit Committee . and the Nomination and Remuneration Committee as prescribed under the Companies Act, 2013. What are the recommendations of Kotak Committee (2017) for RPTs? (5+4) 5. (a) Discuss the corporate governance issues that led to the crisis in IL&FS Group. What steps did the government take to resolve the crisis? (5+4) (b) The board of Satyam failed miserably in its prime duty of oversight'. Do you agree? Elucidate. (9) (c) What issues arose in ICICI Bank concerning the then CEO? How did Board fail to fulfill its fiduciary duties? (5+4) (d) Identify any four common governance problems that appeared repeatedly across major corporate failures in India such as Satyam, Yes Bank, and { a a (Nomination and Remuneration Committee) # talen