ICSI seeks strengthening Corporate Governance Framework

by India Education News, December 14, 2009.

New Delhi: The Institute of Company Secretaries of India (ICSI) recently submitted recommendations to Salman Khurshid, Minister of State (I/C) for Corporate Affairs & Minority Affairs to strengthen the Corporate Governance Framework.

The Satyam revelations in January 2009 led to a re-look at the regulatory provisions that exist. The Council of the Institute accordingly constituted a Core Group to analyze the issues and to, inter alia, make suitablerecommendations for policy and regulatory changes in the legal framework.

The Core Group undertook a detailed study of the prevailing corporate governance practices across the world, the recommendations of various committees andcorporate governance codes, the best practices adopted by the industry and after benchmarking the best practices that can be mandated, made its recommendations.

Speaking to media persons recently at New Delhi, Vinayak S Khanvalkar, Vice President, ICSI, shared therecommendations submitted by the ICSI to Khurshid…(continue reading)

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