New Delhi: The Government will shortly set up an Indian Institute of Corporate Governance at Maneshwar in Haryana to impart knowledge for better corporate governance to meet the growing requirements of integrated economic emergence.
Addressing a training programme onRs.Independent Director’s Course for Senior Defence officials’ by Assocham, Mr. Anurag Goel, Secretary, Ministry of Company Affairs said that the proposed Institute would have a dedicated think tank comprising eminent people from industry, corporate world and the government in addition to legal luminaries. It will be autonomous in nature and work a Single Window System to unveil necessary laws for corporate governance.
The Institute would receive suggestions from the corporate world so that corporate governance rules are framed in a manner so that the domestic corporate world matches the best global practicing standards.
Referring to the new Company Bill, he also said that the Ministry of Company Affairs would shortly introduce it in the Parliament and enact the Bill in a manner with bare minimum clauses and sections so that it becomes a crisp and precise document.
He called upon Defence personnel to help government form strategies and make plans so that their induction in board of directors of corporate world becomes convenient and add value for better corporate compliance.
A decision was also taken to work towards enacting the bill latest by Monsoon session as already inordinate delay has taken place in its introduction in the Parliament.