A Handbook on Financial Management: Condensed Guide for Corporate Directors and Executive Management

Integral to financial governance are domains of Accounting, Reporting andCompliance (Tax). This book captures a few critical changes in these domains and howBoard members can evaluate the impact of these changes and the response of the businesson these changes.Given the fiduciary capacity of directors as per the Companies Act, 2013, the primaryonus falls on them to find the balance to this conflict. The efficacy of such decisionswould be evaluated based on the financial performance of the company. This handbookis an attempt to address in the domain of “Finance specifically”:• The critical decisions that Board members would have to evaluate and decide upon.• The control processes and approaches that are available to Board members forsuch evaluation and conclusion?It is critical for all directors to develop comfort with analysing basic financialstatements for being an active member of the Board. This handbook intends toshare frameworks / basic ideas which will assist directors in discharging their dutieseffectively.