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#8.#KumarMangalamBirlaCommittee(1996)#recommendationOnCorporateGovernance #Establishments On 7th may 1999, under the Chairmanship of Shri Kumar Mangalam Birla, Who was the member SEBI Board, to promote and raise the standards of Corporate #objective Create a code of best practices. • The primary objective was to Create various measures to safeguard interest of stakeholders • Suggest suitable amendment to the listing agreement • Measures to improve standard of corporate governance in listed companies such as:- continuous disclosure of material information to both financial and non financial responsibility of external as well as internal directors. #Mandatory recommendation • Mandotary recommendation Applies to the listed companies with Paid up capital of 3 crore or above. Composition of Board of directors- combination of Executive and non executive directors. Remuneration committee Audit committeewith three independent director in which fund having financial and accounting knowledge Board procedure- at least 4 meeting with maximum gap of 4 month Non mandatory recommendation •Role of chairman •Remuneration committee of board •Detailed information open half yearly Kumar mangalam Birla committee Kumar mangalam Birla committee report Kumar mangalam Birla committee recommendation Kumar mangalam Birla committee on corporate governance Kumar mangalam Birla committee in Hindi Kumar mangalam Birla committee in English writing report and recommendations Assistant Professor 3times #ugcNet Thanks for watching the video Hope u like it 🙏 Please like, share and subscribe Have a nice day