CONTENTS

Title Page No.

1. Introduction………………………………………………………….1
2. Corporate Governance…………………………………………….…2
3. What Constitutes Good Governance?..................................................3
4. Corporate Governance under the Companies Act, 2013………….…4
4.1. Board functioning………………………………………….…….4
4.1.1. Appointment of Board……………………………………….4
4.1.2. Disqualification of directors…………………………………4
4.1.3. Number of Directorships…………………………………….5
4.1.4. Independent Directors………………………………………..5
4.1.5. Code of conduct for independent directors…………………..6
4.1.6. Liabilities of independent director…………………………...6
4.1.7. Board’s report………………………………………………..6
4.2. Audit and Auditors………………………………………………..7
4.2.1. Internal Audit………………………………………………....7
4.2.2. Appointment of auditors……………………………………...7
4.2.3. Rotation of auditors…………………………………………..7
4.2.4. Responsibilities of an auditor………………………………...8
4.3. Committees of Board……………………………………………..8
4.3.1. Audit committee……………………………………………...8
4.3.2. Nomination and Remuneration Committee…………………..9
4.3.3. The Corporate Social Responsibility (CSR) Committee…..…9
4.3.4. Stakeholders Relationship Committee……………………..…9
5. Conclusion………………………………………………………..…10