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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