Uday kotak committee on corporate governance

INTRODUCTION:

Corporate governance is the system of rules, practices and processes by which a company is appropriately managed and controlled.

Corporate governance essentially balances the rules relating to the power relations between members, employees and the stakeholders as well as the public at large are formulated.

The SEBI Committee on corporate governance was formed on June 02, 2017 under the Chairmanship of Mr.

Uday Kotak (the executive vice chairman and managing director of Kotak Mahindra Bank) along with different stakeholders from the Government, industry, stock exchanges, academicians, proxy advisors, professional bodies, lawyers etc., with the aim of improving standards of corporate governance of listed companies in India.

The Committee comprised of twenty five members in total and was requested to submit its report to SEBI within four months.

The Committee was requested to provide its recommendat