Business Ethics and Corporate Governance, Second Edition

NARAYANA MURTHY COMMITTEE REPORT, 2003

The committee on corporate governance set up by SEBI under the chairmanship of N.R. Narayana Murthy which submitted its report in February 2003 was yet another committee on the subject signifying the regulator’s anxiety to expeditiously promote corporate governance practices in Indian companies.

The committee’s terms of reference were the following:

• To review the performance of corporate governance.
• To determine the role of companies in responding to rumour and other price sensitive information circulating in the market in order to enhance the transparency and integrity of the market.

The committee’s report expresses its total concurrence with the recommendations contained in the Naresh Chandra Committee’s ...