January 2012
Beginner to intermediate
192 pages
6h 29m
English
Content preview from Case Studies in Business Ethics and Corporate Governance
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Corporate Governance in ITC LTD. 63
The Divisional Financial Controller acts as the secretary to the DMC and is responsible for the cir-
culation and the custody of agenda notes and the minutes of the meeting. The DMC generally meets
at least once a month to review the Divisional performance and related issues. Fifty percent of the
members form the quorum of the meeting. Decisions are taken by a simple majority. The minutes of
meetings are reported to the CMC for its information. The agenda papers are circulated at least three
days prior to the meeting.
Divisional CEO
The Divisional CEO functions as the Chief Operating Offi cer with executive responsibility for the day-
to-day operations of the Divisional business and provides leadership to the ...
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