Briefly discuss the recommendation of Narayana Murthy Committee (2003) on Corporate Governance.

The Narayana Murthy Committee, also known as the SEBI Committee on Corporate Governance, was established in 2002 by the Securities and Exchange Board of India (SEBI) to examine and make recommendations on corporate governance practices in Indian companies. The committee was chaired by N.R. Narayana Murthy, the founder of Infosys, and included several prominent business leaders and experts.

The committee submitted its report in 2003, which included several recommendations aimed at improving corporate governance in Indian companies. Some of the key recommendations of the committee are discussed below:

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