NARESH CHANDRA Committee
REPORT 2002
PRESENTED BY:
SAHANA HIREMATH
M.COM III Sem
CORPORATE GOVERNANCE
IN THE EYE OF KAUTILYA

•
Kautilya’s view regarding governing a
monarchy is equally applicable in
...
What is CORPORATE
GOVERNANCE?
NARESH CHANDRA
COMMITEE report
2002
ROAD TO CORPORATE
GOVERNANCE
RECOMMENDATIONS:
AUDITOR COMPANY
RELATIONSHIP
AUDTING THE AUDITORS
INDEPENDENT DIRECTORS
OTHER RECOMMENDATIONS
AUDITOR & COMPANY RELATIONSHIP
Certification of annual audited accounts by CEO &
CFO
AUDITING THE
SETTING UP THE INDEPENDENT
QUALITY REVIEW BOARD
There should be established, with
appropriate
legislative
support,
three
i...
PROPOSED DISCIPLINARY MECHANISM FOR THE
AUDITORS:
Dealing with the complaint cases
Disciplinary committee framed by ICAI
P...
INDEPENDENT DIRECTORS
DEFINATION
• Free from business or any
other relationship with co.
PERECENTAGE
• 50% of directors have to
be independen...
AUDIT
COMMITEE
CHARTER
EXEMPTION
FROM CERTAIN
LIABLITIES
•
This will serve as the
Committee’s ‘action taken
report’ to t...
THANK YOU
OPEN FOR QUERIES
of 13

Naresh Chandra Committee Report

Published on: Mar 3, 2016
Published in: Investor Relations      
Source: www.slideshare.net


Transcripts - Naresh Chandra Committee Report

  • 1. NARESH CHANDRA Committee REPORT 2002 PRESENTED BY: SAHANA HIREMATH M.COM III Sem
  • 2. CORPORATE GOVERNANCE IN THE EYE OF KAUTILYA  • Kautilya’s view regarding governing a monarchy is equally applicable in successfully running a corporate sector in modern business context. Strict Corporate Governance can win the confidence of; Government ,employees, customers & other stakeholders
  • 3. What is CORPORATE GOVERNANCE?
  • 4. NARESH CHANDRA COMMITEE report 2002 ROAD TO CORPORATE GOVERNANCE
  • 5. RECOMMENDATIONS: AUDITOR COMPANY RELATIONSHIP AUDTING THE AUDITORS INDEPENDENT DIRECTORS OTHER RECOMMENDATIONS
  • 6. AUDITOR & COMPANY RELATIONSHIP Certification of annual audited accounts by CEO & CFO
  • 7. AUDITING THE
  • 8. SETTING UP THE INDEPENDENT QUALITY REVIEW BOARD There should be established, with appropriate legislative support, three independent Quality Review Boards (QRB), one each for the ICAI, the ICSI and ICWAI, to periodically examine and review the quality of audit, secretarial and cost accounting firms, and pass judgement and comments on the quality and sufficiency of systems, infrastructure and practices.
  • 9. PROPOSED DISCIPLINARY MECHANISM FOR THE AUDITORS: Dealing with the complaint cases Disciplinary committee framed by ICAI Publication of the punishment awarded Funding
  • 10. INDEPENDENT DIRECTORS
  • 11. DEFINATION • Free from business or any other relationship with co. PERECENTAGE • 50% of directors have to be independent directors BOARD SIZE • In all the listed & unlisted co.s 4 out of 7 have to be independent directors
  • 12. AUDIT COMMITEE CHARTER EXEMPTION FROM CERTAIN LIABLITIES • This will serve as the Committee’s ‘action taken report’ to the shareholders • Exempted from civil & criminal liability • Training program for TRAINING independent directors
  • 13. THANK YOU OPEN FOR QUERIES

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