Rubber Stamp Cat

September 8, 2005 by  
Filed under Die Cutting Machines and Supplies

At Die Cut Machines your source for Die Cutting Machines and Crafting Supplies we hope the Rubber Stamp Cat products and information here meets your needs.

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Where I can find this set of rubber stamps?

Hello ... I recently saw a transparent plate disposed ATamp Create and crafts including a hedgehog, cat, duck, frog, among others ... noted the number, but can not find in the research, and, unfortunately, do not know who is made by or on behalf own ... may be called something like "In The Garden" and contain a sprinkler, but not fully remember! Is this bell with the artisans and drug references there? Thank you very much for your help:)

Very early in the morning, for I know What region of the United Kingdom, where he lives, I leave some web addresses of online stores that are in the UK, which could be advantageous for you !!!!! Here in the U.S. we have stores like JoAnn, Hobby Lobbby and Michael! . Http: / / http://www. / Shop Online / here are the places where you can find local shops: http:// Hobbycrafts uk / local / Shopping / Arts_and_Crafts_Shops / The Good Troll

Corporate Governance: Indian Perspective Vis-à-vis international perspectives



Corporate governance: an Aboriginal perspective vis-à-vis the international perspective.

corporate governance of speech "has become fashionable these days because of two factors. The first is that after the collapse of the Soviet Union and the end of the war Cold in 1990, became the conventional wisdom in the global market dynamics that must prevail in economic matters. The concept of government controls heights which dominate the economy has given up. This has made the market the most important factor in solving economic problems.

This also coincided with the pushing of globalization, due to the creation of the WTO and all WTO members to seek reducing tariff barriers. Globalisation involves the movement of four economic parameters namely, physical capital in terms of facilities and machinery, financial capital in terms of money invested in capital markets or FDI, technology and labor moves across national borders. The rate of movement of financial capital has become greater due to the impact information technology has become widespread and the world a global village.

When investments are made in emerging markets, investors want to be sure that not only the capital markets or companies with which they invest, competently executed, but also of good corporate governance. Corporate governance constitutes the framework of values, moral and ethical framework, within which firms make decisions. In other words, when investments are for facts beyond national borders, investors want to know that not only their capital managed effectively and contributes to the creation wealth, but the decisions companies are also taken in a manner that is not illegal or involving moral hazard.

Corporate governance therefore calls upon three factors:

a) transparency in decision making

b) liability transparency that responsibilities could easily be fixed by the actions taken or not, and

c) The responsibility to protect the interests stakeholders and investors in the organization.

Implementation of corporate governance has been based on the establishment explicit code, companies and organizations are expected to comply. The UK Cadbury Code has been the launch point, which led to a number of other codes. In India itself is the code Kumaramangalam Birla following the commission directed to him at the request of SEBI. At first we had from the IIC code of corporate governance recommended by the committee chaired by Shri Rahul Bajaj. The codes, however, can be a guide. Ultimately, governance effective business depends on the commitment of the people in the organization. The first question of the governance of business in India because of India's efforts a belief in corporate governance?

Corporate governance depends upon two factors. The first is the leadership commitment to ensure the principle of integrity and transparency in commercial transactions. The second is the legal and administrative framework created by the government. If governance is weak, we can not have good corporate governance. The dramatic case of Enron has highlighted how businesses that were market darlings of the population and serve as models for robust growth and innovation ultimately may collapse like a house of cards that is based on deception and dishonesty. The association of the accounting firm Anderson also raised the question of credibility so well regarded in the world.

In the Indian context, the need for corporate governance has been highlighted by the frauds that we have almost every year since it was the liberalization of 1991. We had the Harshad Mehta scam, Ketan Parikh scam, UTI scam, scam drain society, Bhansali Scam and so on. I was suggesting that we learn everything U.S. to see if we can reproduce similar conditions in our markets. Not that the U.S. is free of fraud. Right now, the question of the case Enron is examined by a number of committees at different levels in the United States. At the end of all these tests is likely to come with a better

model. The scene of these companies should be able to induce global standards so that at least while the possibility of fraud exists yet, we can reduce the field application to a minimum.


The "revolution" began in the years 1990 with the Cadbury report on financial management aspects, to which was attached a code of good practice. Intended for listed companies, and looking forward any standards for business conduct and ethics, "Cadbury Code" has gradually been adopted by the City and the Stock Market Reference boardroom practices. In 1995, Greenbury Report added a set of principles on the remuneration of executive directors (Particularly in response to some fat cat "scandals, particularly the participation of British Gas boss Cedric Brown, 75 per cent increase indignant unions and small shareholders), and in 1998 the Hampel Report led two, and produced the first Combined Code. A year later, the Turnbull report focuses on risk management and internal controls.

In each case, the reports have prompted either by the shareholder concerned about the gaps in corporate structures and its ability to respond to poor performance, or threats of government legislation if the corporate sector not to put its house in order.

In 2002, Derek Higgs, an investment bank has had the memory of corporate governance review and build on previous reports produce a single comprehensive code. Shortly after, the consequences of Enron and WorldCom scandals have been made, leading to further unrest. The Higgs report was released in early 2003, but was greeted with dismay by some large companies, argued that placing an unrealistic non-executives and marginalized the role of president. The task of advancing the project Higgs ran the Financial Reporting Council (FRC), a body created by the government and composed of members Industry, commerce and the professions. The FRC's most visited and has produced a revised Code following the recommendations of most Higgs, but relaxed the most controversial points, and has won general acceptance. With much less noise, the same time, Sir Robert Smith Chairman of the Weir Group, conducted a review of the role of audit committees and their recommendations were incorporated in the new Code. Code 2003 has been updated with minor amendments in June 2006 with the new version applies to fiscal years beginning on November 1, 2006.

SEBI Committee Report (India) Corporate Governance defines corporate governance as the acceptance by management of the Inalienable Rights of shareholders as the true owners of the company and his own role as stewards on behalf of shareholders. What is the commitment to values, ethical corporate behavior, and how to make a distinction between individual funds and companies in running a business. The definition comes from the principle of management of Gandhi Trust and the guiding principles of the Constitution of India. Corporate governance is considered the moral and ethical duty. On January 1, 2006, India has entered a new era of reforms in corporate governance as popularly known as "Article 49" is completed effect.1 A decade in training and complicated by the Enron and other scandals of this period Article 49 has introduced new general requirements for the composition of the board, audit committee activity, disclosure and certification of senior management. The similarities with the Sarbanes Oxley and other governance reforms around the world should be obvious.


Corporate governance and financial regulation in India was generally considered quite poor for economic reforms of the early 1990s. The Securities and Exchange Board of India (SEBI) has been created in 1992 by an Act of Parliament SEBI and was responsible for the regulation of exchanges, brokers, fraudulent marketing, and other activity.5 sectors of society that his power has increased over the decade, SEBI has begun to play a more active role in setting minimum standards corporate behavior. In addition, a voluntary code of corporate governance has been developed by the Confederation of Indian Industry (CII), a group of Indian companies in high esteem.

Near the turn of the century, SEBI has ordered a series of projects aimed at improving governance business through the creation of Indians in the code of the IIC (and converting to a voluntary code mandatory.) This work eventually led to the Article 49 reforms. SEBI The first committee, composed of 17 executives of leading companies and chaired by Kumar Mangalam Birla, has pleaded for a variety new governance requirements, including a minimum number of independent directors, the establishment of audit committees and committees complaints shareholders, and further insights into the performance management business.

These recommendations were approved in short, but important is not imposed on all public enterprises by legislation (as opposed to Sarbanes Oxley in the U.S.). Instead, implement the SEBI Birla Committee reforms by amending the listing requirements for companies seeking to go public on a stock exchange in India. Thus was born Article 49, a new collection of corporate governance obligations of individual businesses according to the list when they signed contracts with an award country. As part of a gradual process of implementation, reforms Birla Committee was not immediately imposed on all public enterprises. On the contrary, were mandatory in 2001 for large Indian companies (and for new business), then extended to small enterprises over the years to come.

All this was fine until 2002, when the fallout from Enron, WorldCom and other disasters corporate governance rules Indian whether Article 49 was enough there. SEBI has decided to sponsor a second committee on Corporate Governance, chaired by Narayana Murthy, the recognized leader of Infosys Technologies. The Committee went to work and issued Murthy additional recommendations in 2003. SEBI quickly adopted these suggestions and has published a revision of paragraph 49 in 2004.

Committee Murthy comprehensive reform of the Birla Committee's work in several areas. One of the main objectives related to the qualification status of independent director: one specific requirements have been added to disqualify the material suppliers and customers, executives recently deceased relatives, and other closely related. A second set of changes that affect the audit committee are now required to meet more often (four times a year), and members must meet the new requirements for financial education. A third major change mandated CEO and CFO certification of financial reports and internal controls. And a series of revelations additional shareholder, including a thorough discussion financial results have been added to Article 49 requirements. As before, these reforms have been progressively all undertakings public are not required to comply with Murthy Committee until January 1, 2006.

The results of this study were generally well received, and Article 49 appears to have improved the overall state of corporate governance in India. For example, a recent study by Bernard Black and Vikramaditya Khanna argues that the share prices of companies involved go imminent almost four percent when SEBI announced its decision to exercise Clause 49 reforms. Similarly, the Bank in the framework of its global initiative on standards and codes reference the 2005 regulatory framework for India principles of corporate governance of the OECD. It was announced that India has come a long way over the last ten years, indicating that "a number of legal and regulatory reforms have transformed India in corporate governance and improving the level responsibility and accountability of insiders, fairness in the treatment of minority shareholders and stakeholders, boards, and transparency. "

But in this same study, the World Bank also identifies four areas of interest. First, many sanctions seem inadequate, and there is a need for stricter enforcement of violations by the government to increase compliance with Article 49. Second, the distribution of responsibilities between the regulator SEBI, the Department of Company Affairs (DCA), and individual awards should be clarified to prevent any slippage of surveillance between the courts of tiles. Thirdly, the practices of the board should be strengthened to prevent the director of "rubber stamping", including the creation of institutions for credible board members about their fiduciary training responsibilities.21 And finally, according to the World Bank, institutional investors and large independent shareholders is yet to come "important forces to monitor operations insider and play a disciplining role in the governance of companies. "


Ethics temperature of any business or capital market depends on three factors. The first is the sense of individual values. The second is that social values accepted by society and industry. Remember that when Harshad Mehta scam took place, he said that how the bank statements were treaties was the current standard. Perhaps a similar argument was made by Ketan Parikh scam. In other words, practices that have was later revealed to be very unpleasant to be acceptable, as was the practice on the market. Social values depend regulations established by professional organizations like the Association of Chartered

Accounting or cost accounts of India and so on. The third factor and perhaps the most decisive is the system. Here the main challenge we face. Our system encourages a lack corporate governance. Some specific measures taken to improve corporate governance are:

a) The Companies Act Sick Industries (SICA) has become so convenient for the unscrupulous to find in the industries of our country is sick, do industrial sick. BIFR has also been called the Office of Industrial Property of funeral rites! It is time to discard the whole system. This will result in the removal SICA and BIFR organizations as a framework. mere tinkering with the system changes will not improve situation.

b) The whole system banking and bank secrecy law has called for a review. Our banking system is such that if you borrow one lakh rupees, the bank is afraid, but if you take ten crores of rupees, the bank is afraid of you. With the amount of the PNA go beyond Rs 58,000 million euros, it is time to change the Bank Secrecy Act appear those voluntary bankruptcy. The Narasimham Committee recommendation of any such condition at the time of the issuance of new loans can not cover a certain extent, the hazard morale. It is time that the practice of disclosing the name is in default of voluntary payment more convenient and fast. Post names in the case of combinations, which have been filed, has no value at all, because, when the case is nearing completion.

c) Laws like the Prohibition Act Benama transaction and the prevention of money laundering law should be applied effectively and safely. Organizations such as CVC can be used to ensure that corrupt practices are effectively punished, because it is the atmosphere, encouraging appropriate corporate behavior. In India, we now have a system where the level of governance is very poor. There is no fear of punishment at all. In such a situation, it is only a saint who will strictly observing the rules of corporate governance.

About the Author

Name: waseem Shah
Age: 21
Edu.: Vth year law
College: Symbiosis Law School


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