ICSI INITIATIVES TO PROMOTE GOOD GOVERNANCE in CORPORATE INDIA
Secretarial Standards
The ICSI recognizing the need for integration, harmonization and standardization of diverse secretarial practices, has constituted the Secretarial Standards Board (SSB) with the objective of formulating Secretarial Standards.
The Institute has issued Ten Secretarial Standards as under:
• SS-1 Secretarial Standard on Meeting of the Board of Directors • SS-2 Secretarial Standard on General Meetings • SS-3 Secretarial Standard on Dividend • SS-4 Secretarial Standard on Registers and Records • SS-5 Secretarial Standard on Minutes • SS-6 Secretarial Standard on Transmission of Shares and Debentures • SS-7 Secretarial Standard on Passing of Resolutions by Circulation • SS-8 Secretarial Standard on Affixing of Common Seal • SS-9 Secretarial Standard on Forfeiture of Shares • SS-10 Secretarial Standard on Board's Report.
The Companies Bill, 2009 proposes compulsory compliance of Secretarial Standard on Meeting of the Board of Directors and Secretarial Standard on General Meetings. Many companies today are voluntarily adopting the Secretarial Standards in their functioning.
ICSI National Award for Excellence in Corporate Governance
The ICSI National Award for Excellence in Corporate Governance is conferred annually on companies adjudged by the Jury as a front-runner in adhering to the corporate governance norms in true letter and spirit. This initiative aims at:
Recognising Leadership efforts of Corporate Board in practising the corporate governance principles in their functioning. Recognising implementation of innovative practices, programmes and projects that promote the cause of corporate governance. Motivating the corporates in focusing corporate governance practices in their functioning. Implementation of corporate governance norms in true letter and spirit.
The Jury for the ICSI National Award for Excellence in Corporate Governance comprises of personalities enjoying unparallel eminence and reputation in their respective fields.
PMQ Course in Corporate Governance
The Institute, as part of capacity building initiatives conducts Post Membership Qualification Course in Corporate Governance. The way the course is constructed, conceived, shaped and inspired by high-profile courses abroad that instigate self-study, inspired research and pro-active pursuit of knowledge. The course comprises written examination in five papers, submission of dissertation or project report followed by an interview.
ICSI’s Global Initiatives in Corporate Governance
The ICSI is the founder member of International Federation of Company Secretaries (IFCS). The IFCS has been constituted with the objective of development and promotion of the profession of Company Secretaries, best company secretarial practices and professional administration at global level.
Linkages with various International bodies like World Bank, Global Corporate Governance Forum, OECD, ICGN, ADB, Asian Corporate Governance Forum etc.
MOUs with international organisations
International Professional Development Programmes
ICSI’s other Initiatives in Corporate Governance
• Directors’ Development Programmes • Investor Education Programmes • Guidance note on Corporate Governance Certification • Corporate Governance Modules of Best Practices • Founder Trustee of National Foundation For Corporate Governance.
ICSI’S SPECIAL THRUST ON RESEARCH AND TRAINING
Centre for Corporate Governance Research and Training (CCGRT)
The ICSI established the Centre for Corporate Governance, Research and Training, at Navi Mumbai to act as a catalyst organization in the professional development of the Indian Corporate sector.
Training Related Activities
CCGRT conducts high-end training / workshops for members, students, corporates and regulatory /Government Bodies.
CCGRT has developed training modules on 'Corporate Governance’.
CCGRT provides support for collaborative training with various organizations.
CCGRT has introduced annual membership scheme as an invitation to all professionals, individuals and corporates to attend a variety of Professional Development Programmes with the convenience of making a one time payment.
Fifteen days Residential Management Skills Orientation Programme.
Research Activities
Generally policy oriented and applied research of immediate utility to the Company Secretaries, Corporate Sector / Banks / Financial Institutions / Government, Regulatory Authorities and Development Agencies.
Organises high level training programmes for Directors.
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