December 2020
Intermediate to advanced
857 pages
42h 3m
English
Content preview from Business Environment, 4th Edition by Pearson
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452 | Chapter 16
Naresh Chandra Committee Report, 2002
The Committee was appointed by the SEBI to make recommendations on the
representation of independent directors on company boards and the composition
of audit committees. The Committee in its report that was submitted in December
2002, has taken forward some of the recommendations of the Kumar Mangalam
Birla Committee. The major highlights and recommendations of the committee
report are as follows:
It makes no distinction between a board with an executive chairman and a
board with a non-executive chairman.
It is sufficient to have a compulsory rotation of audit partners in every five ...
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