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 KUMARMANAGALAM BIRLACOMMITTEE ,1999
GROUP MEMBERS
GAURAV ALMALMRIDULA KHANNANITIN BANSALPRAVEEN KUMARRAJ KUMARSAIF AHMAD
 
 
KUMAR MANGALAM BIRLAKUMAR MANGALAM BIRLACOMMITTEE,1999COMMITTEE
 
,1999
Second major initiative taken by SEBI on 7
th
May’1999.
Appointment of committee under chairmanship of Mr. Kumar Mangalam Birla.
The Committee made 25 recommendations, 19 of themwere `mandatory‘. 
 
 
WHY WAS THE COMMITTEE FORMED?
Primary objective was to view corporategovernance from perspective of investors& shareholders.
To promote and raise the standards of corporate governance.
To improve corporate governancestandards in listed companies in areassuch as -
 
Disclosure of material information(financial & non-financial)
Responsibilities of independent & non-independent directors
To draft a code of corporate best practice
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03 / 25 / 2010This doucment made it onto the Rising List!
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