Naresh Chandra Committee Report

1. NARESH CHANDRA Committee REPORT 2002 PRESENTED BY: SAHANA HIREMATH M.COM III Sem

2. Corporate governance In the eye of kautilya Kautilya’s view regarding governing a monarchy is equally applicable in successfully running a corporate sector in modern business context. Strict Corporate Governance can win the confidence of; Government ,employees, customers & other stakeholders

3. What is CORPORATE GOVERNANCE ?

4. NARESH CHANDRA COMMITEE report 2002 ROAD TO CORPORATE GOVERNANCE

5. RECOMMENDATIONS:

6. AUDITOR & COMPANY RELATIONSHIP Certification of annual audited accounts by CEO & CFO

7. AUDITING THE

8. There should be established, with appropriate legislative support, three independent Quality Review Boards (QRB), one each for the ICAI, the ICSI and ICWAI, to periodically examine and review the quality of audit, secretarial and cost accounting firms, and pass judgement and comments on the quality and sufficiency of systems, infrastructure and practices. SETTING UP THE INDEPENDENT QUALITY REVIEW BOARD

9. Proposed disciplinary mechanism for the auditors : Dealing with the complaint cases Disciplinary committee framed by ICAI Publication of the punishment awarded Funding

10. INDEPENDENT DIRECTORS

11. THANK YOU OPEN FOR QUERIES