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TMI BlogConstitution of a Committee to formulate a Policy Document on Corporate Governance.X X X X Extracts X X X X X X X X Extracts X X X X ..... 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, professions, regulators and even the governments to take intere ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ran 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 enterprises in various classes and scales of operation. While the policy is exp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion. 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. Kiran Mazumdar Shaw, CMD, Biocon Ltd. ii) Shri Sidharth Birla, FICCI iii) A Nomine ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng. 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, academics and members of public; (c) Hold seminars, workshops and meetings as may be considered necessary for clarification of issues and obtaining clarity; (d) Issu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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