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Naresh Chandra to head apex corporate ethics panel

BS Economy Bureau in New Delhi

Naresh Chandra, former ambassador to the United States, will head a high-level national committee on corporate governance and accounting practices to be set up by the government.

The committee will advise the government on framing appropriate policies and amend the existing norms in these areas. It will also suggest changes in the legislative and regulatory framework for auditing and accounting practices in India.

The terms of reference of the committee, its composition and the formal appointment of Chandra will be cleared in a few days. The committee may have five to six members.

The committee will be set up under the administrative control of the finance and company affairs ministry. Chandra will, therefore, report his findings to Finance Minister Jaswant Singh.

Chandra, a former cabinet secretary and a retired IAS officer belonging to the Rajasthan cadre, is well-known to Singh.

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