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Indian Initiatives To Impose Corporate Governance

Following Committees were setup to lookup Various aspect of Corporate Governance:


The Kumar Mangalam Birla Committee.(1999) The Naresh Chandra Committee.(2002) The Narayan Murthy Committee.(2002)

Involves Promoting:
Transparency Accountability Equanimity

Initiatives taken by SEBI To protect the interest of investors in securities. To promote the development and regulate the securities market. IN feb-2000, introduce a clause 49

Areas Were major changes made


Subsidiary Companies: It highlights the Board Compositions and other requirement. CEO/CFO Certification: CEO/CFO must certify to the Board the Annual Financial Statement in the prescribed Format. Whistle Blower Policy: 1.Provide Information About corruption and mal-administration. 2.In this, An employee or Ex-employee who provide information about ones company which one believes provides evidence of: 1.A violation of law and regulation by the company 2.Financial malpractices 3.A danger to public health and safety

The Kumar Mangalam Birla Committee

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