Financial Daily from THE HINDU group of publications
Wednesday, Apr 12, 2006
Financial Daily from THE HINDU group of publications Wednesday, Apr 12, 2006 |
|
|
|
|
|
|
|
Corporate
-
Corporate Governance Code of conduct for co directors in the offing K.R. Srivats
New Delhi , April 11 A model code of conduct for board directors is on the cards. The corporate governance committee of the Institute of Chartered Accountants of India (ICAI) is finalising the code of conduct, according to the committee Vice-Chairman, Mr G. Ramaswamy. "This is a basic document that would come in handy for both directors and the company, especially in view of the revised clause 49 of the listing agreement. It would help directors comply with various laws in the interest of the company and also protect their independence in the expression of their views at board meetings for the benefit of stakeholders," Mr Ramaswamy told Business Line. Besides promoting healthy discussion and debate in board meetings, the model code is also intended to guide directors' functioning in audit, ethics or grievance committees.
More Stories on : Corporate Governance
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|