Some Development of Corporate

Governance in India
BY- Aarushi
BBA 3 SEMESTER
SEC- A
 Kumar Managalam Birla Committee

• Kumar Mangalam Birla Committee appointed

by Securities Exchange Board of India (SEBI)
under the chairmanship of Shri Kumar
Mangalam in 1999 to promote and raise the
standards of good corporate governance.
Mandatory Recommendations
BOD
Manage
-ment

Audit
Committee

Accounting
Standards

Remunerati-
on
Committee
Non-Mandatory Recommendations
Corporate
Role of Chairman
Restructuring

Shareholder’s right
Venture into new for receiving half
businesses yearly financial
performance
Naresh Chandra Committee Report
• Good corporate governance involves a commitment
of a company to run its businesses in a legal, ethical
and transparent manner - a dedication that must
come from the very top and permeate throughout
the organization.
• The thrust of this report, therefore, is to suggest
certain voluntary recommendations for industry to
adopt.
Different elements of corporate governance

The Board of
Directors

External
Auditors
Institutions

Regulatory
Agencies
 Recommendations
Nomination
Committee
AUDIT
COMMIITTEE

Letter of
Appointment
to Directors

Remuneratio
n Committee

Fixed
Contractual
Remuneration
JJ IRANI COMMITTEE

Producer Limited Liability

Companies Partnerships

Public Financial
Financial Services
Institutions
 National Foundation of Corporate
Governance

MISSION VISSION
To foster a culture of good
Be the Key Facilitator
●
●
corporate governance
●
To create a framework of best and Reference Point
practices, structure and ethics
●
To reduce the existence gap for highest standards
between Corporate Governance for Corporate
framework and actual compliance
by corporate Governance in India
THANK YOU