Regulatory Framework: to ensure corporate governance:

May 29th, 2015
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Abilene Christian University
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KUMAR MANGALAM BIRLA COMMITTEE: In early 1999, Securities and Exchange Board of India (SEBI) had set up a committee under Shri Kumar Mangalam Birla, member SEBI Board, to promote and raise the standards of good corporate governance.The report submitted by the committee is the first formal and comprehensive attempt to evolve a ‘Code of Corporate Governance, in the context of prevailing conditions of governance in Indian companies, as well as the state of capital markets.

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PREFACE:The concept of corporate governance has been attracting public attention for quite some time in India. The topic is no longer confined to the halls of academia and is increasingly finding acceptance for its relevance and underlying importance in the industry and capital markets.Stock Exchanges, Intermediaries, Financial institutions, Mutual Funds and concerned professionals who may have access to inside information. This is being dealt with in a comprehensive manner, by a separate group appointed by SEBI, under the Chairmanship of Shri Kumar Mangalam Birla.KUMAR MANGALAM BIRLA COMMITTEE:In early 1999, Securities and Exchange Board of India (SEBI) had set up a committee under Shri Kumar Mangalam Birla, member SEBI Board, to promote and raise the standards of good corporate governance.The report submitted by the committee is the first formal and comprehensive attempt to evolve a Code of Corporate Governance, in the context of prevailing conditions of governance in Indian companies, as well as the state of capital markets.THE TERM COMMITTEE:The Committees terms of the reference were to: suggest suitable amendments to the listing agreement executed by the

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