TaxTMI 
TaxTMI 
Constitution of a Committee to formulate a Policy Document on Corporate Governance.
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....ument on Corporate Governance. The undersigned is directed to state as under:- 1. While the issue of how corporates decide to carry on their affairs is largely a matter of their choice subject to conformity with the law, the increasing importance of businesses to the economies and complexities of operating in an inter-dependent world have brought home the need for business chambers, pr....
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....ntly under revision by a Committee under the Chairmanship of Shri Kiran Karnik. 3. A need has, however, been felt to also have a formal policy document that synthesizes the disparate elements in diverse guidelines, draws on innovative best practices adopted by specific companies, incorporates the current international trends, and anticipates emerging demands on corporate governance in enterpris....
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.... policy document by the Committee constituted vide paragraph 5 of this Resolution. The paper is also meant to serve as the basis for the deliberations and the outcome of the work of the Committee. 5. To prepare a draft policy document for the Concept Paper as stated above, a Committee is hereby constituted with the following composition. 1. Shri Adi Godrej - Chairman 2. Members: i) Dr.....
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....c support to the Committee which shall submit its report to the Ministry of Corporate Affairs not later than six months from the date of holding of its first meeting. 6. In carrying out its task the Committee may, (a) Elicit opinions about the necessity of having a formal policy document on corporate governance; (b) Hold wide consultations with all the stakeholders in the corporate sector....