A Quote by Cyrus Pallonji Mistry
Shareholder value gets lost when things are done illegally, when corporate governance is not adhered to, when cohesive action is not taken.
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The financial crisis has underscored how insufficient attention to fundamental corporate governance concepts can have devastating effects on an institution and its continued viability. It is clear that many banks did not fully implement these fundamental concepts. The obvious lesson is that banks need to improve their corporate governance practices and supervisors must ensure that sound corporate governance principles are thoroughly and consistently implemented.
Shareholder value is the result of you doing a great job, watching your share price go up, your shareholders win, and dividends increasing. What happens when you have increasing shareholder value? You're delivering better employees to their communities and they can give back. Communities are winning because employees are involved in mentoring and all these other things. Customers are winning because you're providing them new products.
Corporate governance should be done more through principles than rules.
E-governance is easy governance, effective governance, and also economic governance. E-governance paves the way for good governance.
Our insatiable appetite for fossil fuels and the corporate mandate to maximize shareholder value encourages drilling without taking into account the costs to the ocean, even without major spills.
What we need is political leadership which can give guidance to the development of global governance. We need business leadership which goes beyond shareholder value to understand the needs and fears of other stakeholders and their communities.
Altruism declares that any action taken for the benefit of others is good, and any action taken for one's own benefit is evil. Thus the beneficiary of an action is the only criterion of moral value - and so long as that beneficiary is anybody other than oneself, anything goes.
Whether you stay private or go public, after all is said and done, a CEO's job is to create lasting shareholder value.
Scientific data are not taken for museum purposes; they are taken as a basis for doing something. If nothing is to be done with the data, then there is no use in collecting any. The ultimate purpose of taking data is to provide a basis for action or a recommendation for action. The step intermediate between the collection of data and the action is prediction.
People should be encouraged by things like awards given for corporate governance practices.
Diverse perspectives lead to a better outcome. There's so much data, when you look at the math, in terms of the investor returns and the shareholder value that gets created from more diverse boards.
The things that are done in the name of the shareholder are, to me, as terrifying as the things that are done - dare I say it - in the name of God.
There is no word or action but may be taken with two hands,--either with the right hand of charitable construction, or the sinister interpretation of malice and suspicion; and all things do succeed as they are taken. To construe an evil, action well is but a pleasing and profitable deceit to myself; but to misconstrue a good thing is a treble wrong,--to myself, the action, and the author.
Far too many people, especially within evangelicalism, think that the individual is all that matters, and that the corporate dimension is a distraction or diversion. Of course Christianity is deeply personal for every single Christian; nobody gets lost in the kingdom of God. But you can't play that off against the corporate dimension.
When I do an action thing, it speaks louder than the things that I've done that are dramatic and comedy. Actually, if you look at my resume, I have just as much comedic things as dramas, and I have far less action things than all of the other things, but I'm kind of defined as an action person.
I've definitely done things to change my behaviour. There are certain things you can't do when you get to a certain level in what you do. When it gets to a certain time, you're a story to somebody. It is something I have taken on board.
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