Correct option is A
The correct answer is (a) Corporate governance.
· The Kumar Mangalam Birla Committee was established in 1999 by the Securities and Exchange Board of India (SEBI) to address the issues of corporate governance in India.
· The committee's recommendations led to the introduction of Clause 49 in the Listing Agreement, which set out mandatory and non-mandatory requirements for corporate governance practices in Indian companies.
· The aim was to enhance transparency, accountability, and fairness in corporate management and to protect the interests of investors.