CHETANA’S BACHELOR OF MANAGEMENT STUDIES

TOPIC: CORPORATE GOVERNANCE COMMITTEES

SUBJECT: BUSINESS ETHICS AND CORPORATE SOCIAL RESPONSIBILITIES

INTRODUCTION

OUTLINE OF COMMITTEES OF CORPORATE GOVERNANCE

1• Cadbury Committee Report

2• OECD Principles

3• Confederation Of Indian Industry’s Code

4

• KUMARMANGALAM BIRLA Committee Report

5

• NARESH CHANDRA COMMITTEE REPORT

6• NARAYAN MURTHY COMMITTEE REPORT

CADBURY COMMITTEE REPORTI

NTRODUCTION

RECOMMENDATIONS

Decision making power

Majority of

directors interest

Nonexecutive directors

Term of directors

Full transparenc

y

Remuneration committee

Pension fund

Professionand

objective

Audit fees

Corporate in UK

OECD PRINCIPLES

INTRODUCTION

Rights of shareholders

Equitable treatment of shareholders

Role of stakeholders in CG

Board responsibilities

Disclosure and transparency

RECOMMENDATIONS

CONFEDERATION OF INDIAN INDUSTRY’S CODE

INTRODUCTION

Major stock exchanges

Default on public deposits

Additional shareholders information

Company with paid up capital rs 200 crore

Information to be placed before the board

Reappointing board members

Better performance

Decision making

No person can hold directorship

Listed company

Single qualified professional board

RECOMMENDATIONS

KUMARMANGALAM BIRLA COMMITTEE REPORT

INTRODUCTION

Optimum combination

Qualified and independent audit committee

Remuneration committee

Chairmanship

Delegate

Disclosures

Board meetings

RECOMMENDATIONS

Annual report

Company related information

Separate section

Membership

NARESH CHANDRA COMMITTEE REPORT

Disqualifications for audit assignments

Prohibited non-audited services

Independence standards for consulting

Compulsory audit partner rotation

Auditors disclosure of contingent liabilities

Auditors disclosure of qualifications and consequent action

Management certification in the event of auditor replacement

Appointment of auditors

Auditors annual certification of independence

Disciplinary mechanism for auditors

Redefining the term independent directors

Percentage of independent directors

RECOMMENDATIONS

NARAYAN MURTHY COMMITTEE REPORT ON CG

RECOMMENDATIONS

Audit committee

Financial literacy of

members of audit

committee disclosure of accounting treatment

Audit qualification

s

Related party

transactions

Meaning of relate

d party

NAMES ROLL NO.

NIKHIL BANKAR 3204

PRATIK PATIL 3223