Recommendations of various

committees on corporate governance:

1. Blue Ribbon Committee:
The Blue-Ribbon Committee, formed in the United States in 1999, made
several key recommendations, including the need for independent directors on
corporate boards, the establishment of audit committees, and enhanced financial
disclosures and transparency.

2. Cadbury Committee:
The Cadbury Committee, established in the United Kingdom in 1991, focused
on improving the financial aspects of corporate governance. It recommended the
separation of the roles of chairman and CEO, the inclusion of non-executive
directors, the establishment of audit committees, and the adoption of codes of best
practices.

3. Greenbury Committee:
The Greenbury Committee, formed in the United Kingdom in 1995, aimed to
address executive compensation and boardroom practices. Its recommendations
included disclosure of directors' salaries, performance-related pay, and the need
for remuneration committees to determine executive pay.

4. King Committee:
The King Committee, established in South Africa, released a series of reports
known as the King Reports on Corporate Governance. These reports focused on
principles-based corporate governance, ethical leadership, and sustainability. The
King IV Report, released in 2016, emphasized the integration of sustainability
and social responsibility into corporate governance practices.
5. Securities and Exchange Commission (SEC):
The SEC in the United States plays a significant role in corporate governance.
It has issued various regulations and guidelines to protect investors and ensure
fair and transparent markets. These include requirements for financial reporting,
disclosure of executive compensation, and regulations on insider trading.

6. Kumaramangalam Birla Committee:

The Kumaramangalam Birla Committee, formed in India in 1999, proposed
recommendations to enhance corporate governance practices. It emphasized the
role of independent directors, audit committees, and the need for transparent
financial reporting. The committee also suggested measures to improve the
accountability of management and protect the interests of minority shareholders.

7. Narayana Murthy Committee:

The Narayana Murthy Committee, formed in India in 2003, focused on
improving corporate governance in the context of listed companies. It
recommended measures such as the separation of ownership and management,
the strengthening of audit committees, enhanced disclosures, and the adoption of
good governance practices.

8. Naresh Chandra Committee:

The Naresh Chandra Committee, formed in India in 2002, provided
recommendations for improving corporate governance in the Indian banking
sector. Its suggestions included the strengthening of the board's role, risk
management practices, and the need for independent audit and compensation
committees.

9. JJ Irani Committee:
The JJ Irani Committee, formed in India in 2004, aimed to revamp the
Companies Act and enhance corporate governance practices. Its
recommendations included strengthening the role of independent directors,
improving disclosures, and introducing measures to prevent fraud and corporate
misconduct.
These committees and regulatory bodies have played significant roles in shaping
corporate governance practices worldwide by providing recommendations and
guidelines to ensure transparency, accountability, and ethical conduct in business
organizations. Their efforts have contributed to the development of robust
governance frameworks and improved investor confidence in the corporate
sector.