What is Narayana Murthy Committee?
Narayana Murthy which submitted its report in February 2003 was yet another committee on the subject signifying the regulator’s anxiety to expeditiously promote corporate governance practices in Indian companies. The committee’s terms of reference were the following: To review the performance of corporate governance.
In which year was the Narayan Murthy committee set up?
2003
Narayana Murthy, Chairman and Chief Mentor of Infosys Technologies Limited. The Committee met thrice on December 7, 2002, January 7, 2003 and February 8, 2003, to deliberate the issues related to corporate governance and finalize its recommendations to SEBI.
Which among the following is a non mandatory recommendations of Narayan Murthy Committee report?
Non-mandatory recommendationsinclude moving to a regime where corporatefinancial statements are not qualified; instituting a system of training of boardmembers; and the evaluation of performance of board members.
Who is founder of Infosys?
N.r. Narayana MurthyNandan NilekaniKris Gopalakris…S. D. ShibulalN. S. RaghavanK. Dinesh
Infosys/Founders
Mr. Murthy founded Infosys in 1981. Infosys is, today, a highly innovative software services global company listed on NYSE in the US and on the Bombay Stock Exchange in Mumbai.
What is Naresh Chandra committee?
The Naresh Chandra committee is the third major corporate governance initiative launched in India since the mid-1990s, after the first voluntary code of corporate governance by the Confederation of Indian Industry (CII) in 1998, followed by Clause 49 of the Listing Agreement by SEBI in 2000.
What is Kumar Mangalam Birla committee?
2.5 In the above mentioned context, the Securities and Exchange Board of India (SEBI) appointed the Committee on Corporate Governance on May 7, 1999 under the Chairmanship of Shri Kumar Mangalam Birla, member SEBI Board, to promote and raise the standards of Corporate Governance.
What is JJ Irani committee?
Later, on December 2, 2004, the Government constituted an Expert Committee on Company Law under the Chairmanship of Dr. J.J. Irani to make recommendations on : a. Issues arising from the revision of the Companies Act, 1956.