Nasscom sets up committee to avoid any Satyam-like case
To prevent Satyam-like incidents in future, industry body Nasscom said it has formed a corporate governance and ethics committee.
By PTI |
NEW DELHI: To prevent Satyam-like incidents in future, industry body Nasscom on Wednesday said it has formed a corporate governance and ethics committee.
The committee, will be chaired by N R Narayana Murthy, Chairman and Chief Mentor of Infosys Technologies Ltd, and will function as a permanent sub-committee under the aegis of the Nasscom Executive Council.
"This is one of the initiatives being taken by Nasscom to strengthen corporate governance practices in the Indian IT-BPO industry," the association said.
Nasscom President Som Mittal said, "This committee will look to work with authorities, policy makers and regulators, to achieve the objectives of this group."
Envisaged as an 8-member committee, the members will include industry experts, independent directors as well as academicians and will meet at least three times a year to formulate strategies and measure implementation schedule.
Nasscom Chairman Ganesh Natarajan said while the committee will focus on awareness and advocacy and share best practices across the member community, "we will also be considering steps to further strengthen the excellent reputation of this sector in corporate India."
The committee, will be chaired by N R Narayana Murthy, Chairman and Chief Mentor of Infosys Technologies Ltd, and will function as a permanent sub-committee under the aegis of the Nasscom Executive Council.
"This is one of the initiatives being taken by Nasscom to strengthen corporate governance practices in the Indian IT-BPO industry," the association said.
Nasscom President Som Mittal said, "This committee will look to work with authorities, policy makers and regulators, to achieve the objectives of this group."
Envisaged as an 8-member committee, the members will include industry experts, independent directors as well as academicians and will meet at least three times a year to formulate strategies and measure implementation schedule.
Nasscom Chairman Ganesh Natarajan said while the committee will focus on awareness and advocacy and share best practices across the member community, "we will also be considering steps to further strengthen the excellent reputation of this sector in corporate India."
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
