Murthy Panel Makes Raft Of Suggestions

The Narayana Murthy Committee report on corporate governance has made a number of recommendations in its draft report to Securities and Exchange Board of India (Sebi).

The committee met thrice on December 7, 2002, January 7, 2003 and February 2003, to deliberate the issues related to corporate governance and finalise its recommendations to Sebi.

The committee has recommended that the audit committees of publicly listed companies should be required to review the following information mandatorily - financial statements, management discussion and analysis of financial condition and results of operations, reports relating to compliance with laws and risk management among others.

 

The committee has also said that all audit committee members should be