Professional Documents
Culture Documents
(Lesson-10: BECG)
Contents
This deals with:1. Introduction to Corporate Committees 2. Indian Committees 3. Foreign Committees Governance
Indian Committees: 1. +umara ,angalam -irla Committee 2. Gangul$ Committee 3. .aresh Chandra Committee /. CII Committee -. Foreign Committees: 1. 01C2 Committee 2. Cad%ur$ Committee C. Companies 'ct (3egal Framewor) !or CG
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&ecommendations o! +,-C &eport +,-C identi!ied the shareholders" -oard 7 ,gmt. as the constituents that have a )e$ role to pla$ in CG and tried to identi!$ their roles 7 responsi%ilities in ensuring e!!ective CG. Its important recommendations are as !ollows:1. -oard should have an optimum com%ination o! %oth 18ecutive and .on-18ecutive 2irectors and at least 9:; o! -oard should comprise .on-12s and one-third o! -oard should comprise o! independent directors where Chairman is none8ecutive and at least hal! o! the -oard should %e independent in case o! 18ecutive Chairman.
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1. 2.
3.
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1. 6.
Ensurin* t/e 'asis for an effective CG 0/e ri*/ts of s/are/o ders and 1e!
o2ners/ip functions
7. 8. 9. 5.
0/e e4uita' e treatment of s/are/o ders 0/e ro e of sta1e/o ders )isc osure and transparenc! 0/e responsi'i it! of t/e 'oard
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(CG s/a protect and faci itate t/e e:ercise of s/are/o ders; ri*/ts) 7. 0/e e4uita' e treatment of s/are/o ders: ( CG s/a ensure e4uita' e treatment of a s/are/o ders inc udin* minorit!% forei*n s/are/o ders inc udin* redressa for vio ation of t/eir ri*/ts)
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