Birla Committee Recommendations in Corporate Governance
Birla Committee Recommendations in Corporate Governance
in Corporate Governance
Presented by,
Liz Maria
Introduction
• Mandatory
The recommendations which are absolutely essential for
corporate governance can be defined with precision and
which can be enforced through the amendment of the listing
agreement is classified as mandatory.
• Non- Mandatory
Others, which are either desirable or which may require
change of laws be classified as non-mandatory.
Mandatory Recommendations
Role of chairman
Remuneration committee of board
Shareholders’ right for receiving half yearly financial performance.
Postal ballot covering critical matters like alteration in memorandum
Sale of whole or substantial part of the undertaking
Corporate restructuring
Further issue of capital
Venturing into new businesses
Conclusion :
These recommendations were to apply to all the listed
private and public sector companies, their directors,
management, employees and professionals associated
with such companies.