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Committees on corporate governance
Corporate Management
Prepared By
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Manu Melwin JoyAssistant Professor
Ilahia School of Management Studies
Kerala, India.Phone – 9744551114
Mail – [email protected]
Committees on corporate governance
• Hampel Committee – The committee was chaired by Sir Ronnie Hampel, the chairman of ICI and the committee published its reports in August 1997. The basic aim of the committee was to promote high standards of corporate governance in the interests of investors protection and to preserve and enhance the standing of companies listed on the London Stock Exchange.
Committees on corporate governance
• Cadbury Committee – The committee was set up in May 1991 by the Financial Reporting Council, the London Stock Exchange and the accountancy profession to address the financial aspects of corporate governance.
Committees on corporate governance
• Greenbury committee –
This committee was set
up to determine and to
account for Director’s
remuneration.
Committees on corporate governance
• Blue Ribbon committee – The committee was specifically formulated for NewYork Stock Exchange (NYSE), National Association of Securities dealers (NASP) and Securities and Exchange Commission (SEC). The main objectives were to strengthen the independence of audit committee and making it more effective.
Committees on corporate governance
• Kumar Manglam Birla Committee – The committee was chaired by Mr. Manglam which submitted its final report in early 2000. The main purpose of the committee is to promote and raise the standards of corporate governance.
Committees on corporate governance
• Naresh Chandra Committee – This committee was appointed on 21st August 2002 by the Department of Company Affairs(DCA). The committee submitted two reports and is based on almost the same grounds as Kumar Manglam Birla committee reports.
Committees on corporate governance
• Narayana Murthy Committee – SEBI appointed this committee comprising of 23 persons. The committee recommended that the corporate organization should function in a more organized manner and should strive for enhancing long term value to the shareholders.
