EXECUTIVE M.B.A. DEGREE EXAMINATION, MAY 2012.
First and Second Years
Paper II — BUSINESS ENVIRONMENT
Time : Three hours Maximum : 75 marks
SECTION A — (3 × 5 = 15 marks)
Answer any THREE of the following.
1. (a) Liquidity adjustment facility.
(b) Foreign capital.
(c) Privatisation of public sector.
(d) Legal environment.
(e) Means of external debt.
(f) Industrial estates.
SECTION B — (3 × 15 = 45 marks)
Answer any THREE questions.
2. Review the changing role of Government on business.
3. Discuss the rationale of small scale industry in India.
4. What are the structural dimensions of Indian industry?
5. Describe the achievements of recent Five Year Plan.
6. Bring out the reforms introduced in the financial sector.
7. State the causes for disequilibrium in the balance of payments of India.
SECTION C — (15 marks)
Answer the following.
8. Reliance is one of the pioneers in the country in implementing the best international practices of corporate governance.The board of directors at reliance periodically reviews its composition for ensuring a strong element of independence and commitment. The directors are elected by the shareholders. However the board plays an important role in the selection of candidates
for shareholders approval. Roles and Responsibilities of Board and Management
The board’s roles and responsibilities include establishing an effective mechanism for overseeing the affairs, keeping in view the company’s size, complexity, geographical operations and corporate tradition and culture. The Reliance’s framework is designed to:
(a) Enable the board to provide strategic guidance for the management.
(b) Define the respective roles and responsibilities of senior executives to ensure accountability and
(c) Ensure a balance of authority such that no single individual has unfettered
powers. To ensure the truthful and factual presentation of it’s financial position, the company has put in place a strong internal audit process. The board has also constituted an audit committee, which is responsible to the external reporting, performance and objectivity of the internal audit function and independence of the external auditors.
To ensure long-term shareholder value creation and to promote shareholder
participation in corporate affairs, reliance has established and maintained
communication strategies, including a policy for clarity in notices of meetings.
Reliance also maintains its corporate website for convenient access by the
shareholders to all the information about the company.
The company has adopted a remuneration policy that attracts and maintains
talented and motivated executives so as to encourage enhanced performance of the
company. The remuneration policy envisages a clear relationship between
performance and remuneration, including the link between remuneration paid and
the overall corporate performance.
Question :
Discuss the link between board of directors and corporate governance practice in
Reliance.
First and Second Years
Paper II — BUSINESS ENVIRONMENT
Time : Three hours Maximum : 75 marks
SECTION A — (3 × 5 = 15 marks)
Answer any THREE of the following.
1. (a) Liquidity adjustment facility.
(b) Foreign capital.
(c) Privatisation of public sector.
(d) Legal environment.
(e) Means of external debt.
(f) Industrial estates.
SECTION B — (3 × 15 = 45 marks)
Answer any THREE questions.
2. Review the changing role of Government on business.
3. Discuss the rationale of small scale industry in India.
4. What are the structural dimensions of Indian industry?
5. Describe the achievements of recent Five Year Plan.
6. Bring out the reforms introduced in the financial sector.
7. State the causes for disequilibrium in the balance of payments of India.
SECTION C — (15 marks)
Answer the following.
8. Reliance is one of the pioneers in the country in implementing the best international practices of corporate governance.The board of directors at reliance periodically reviews its composition for ensuring a strong element of independence and commitment. The directors are elected by the shareholders. However the board plays an important role in the selection of candidates
for shareholders approval. Roles and Responsibilities of Board and Management
The board’s roles and responsibilities include establishing an effective mechanism for overseeing the affairs, keeping in view the company’s size, complexity, geographical operations and corporate tradition and culture. The Reliance’s framework is designed to:
(a) Enable the board to provide strategic guidance for the management.
(b) Define the respective roles and responsibilities of senior executives to ensure accountability and
(c) Ensure a balance of authority such that no single individual has unfettered
powers. To ensure the truthful and factual presentation of it’s financial position, the company has put in place a strong internal audit process. The board has also constituted an audit committee, which is responsible to the external reporting, performance and objectivity of the internal audit function and independence of the external auditors.
To ensure long-term shareholder value creation and to promote shareholder
participation in corporate affairs, reliance has established and maintained
communication strategies, including a policy for clarity in notices of meetings.
Reliance also maintains its corporate website for convenient access by the
shareholders to all the information about the company.
The company has adopted a remuneration policy that attracts and maintains
talented and motivated executives so as to encourage enhanced performance of the
company. The remuneration policy envisages a clear relationship between
performance and remuneration, including the link between remuneration paid and
the overall corporate performance.
Question :
Discuss the link between board of directors and corporate governance practice in
Reliance.
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