Here is the official Microsoft article concerning this problem:
This behavior can occur if the Inetcpl.cpl file is missing from the
Windows \System or %SystemRoot%\System32 folder or if a restriction is
set on the NoBrowserOptions Windows registry value.
To resolve this issue, use the following methods in the order that
they are presented.
Method 1: Extract a new copy of the Inetcpl.cpl file
Extract a new copy of the Inetcpl.cpl file from the Internet Explorer
distribution files or reinstall Internet Explorer.
For more information about how to extract files, click the following
article number to view the article in the Microsoft Knowledge Base:
129605 (http://support.microsoft.com/kb/129605/) How to extract
original compressed Windows files
If this method does not resolve the behavior, go to Method 2.
Method 2: Modify the registry
If Method 1 did not resolve the problem, modify the registry:1. Click
Start, click Run, and then type regedit in the Open box.
2. Locate the following key in the registry:
3. If a value called NoBrowserOptions exists, delete it.
4. Restart the computer.
If this method does not resolve the behavior, go to Method 3.
Method 3: Repair Internet Explorer
If Method 2 does not resolve the behavior, repair Internet Explorer.
For more information about how to repair Internet Explorer, click the
following article number to view the article in the Microsoft
194177 (http://support.microsoft.com/kb/194177/) Description of the
Internet Explorer repair tool
Good luck fixing this. Let me know if you require any clarification.