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Institute Of Company Secretaries Of India
Company secretaries' apex body ICSI has come out with a framework to promote sustainable and responsible investment practices that seek to help institutional investors and service providers. The ICSI Guiding Principles on Stewardship (IGPS) is a framework of ethical stewardship practices to empower institutional investors and service providers, it said in a release. The framework outlines best practices for responsible investment, encompassing environmental, social, and governance factors. It aligns with the global trend and offers much needed guidance towards sustainable and responsible investing, the Institute of Company Secretaries of India (ICSI) said in the release. The framework was launched at the institute's Middle East Conference in Abu Dhabi, UAE on Wednesday.
As the Indian economy progresses towards the USD 5 trillion target over the next two years and the USD 10 trillion target by 2030, the demand for company secretaries will be tremendous to manage the inflow of capital both from the Indian and international investors, a top domain expert said on Friday. "We have to increase the pool of Company Secretaries (CS) to 95,000 by 2030 and to 1.4 lakh by 2047, the year of Viksit Bharat economy driven by capital flow and the government-initiated infrastructure development, B Narasimhan, President of the Institute of Company Secretaries of India (ICSI), said here. Currently, ICSI has around 70,000 CS members and over 2 lakh students, he told PTI. Narasimhan gave an insight into the aspects resonating with the Indian economy. We, as CS, are the most recognised profession in the capital market, handling compliances across the board of listed and unlisted companies. SEBI has appointed us as the compliance offices and it is mandatory, he said. Ca
Company secretaries have a major role to play in the country's corporate governance structure in the country and their expertise is required for better formulation of corporate laws, Lok Sabha Speaker Om Birla said on Friday. He was speaking at the Institute of Company Secretaries of India (ICSI) national awards for excellence in corporate governance function in the national capital. "The ICSI and its members have a major role to play in the formulation of Corporate Governance Structure of the country as the wisdom and expertise of company secretaries is required for the better formulation of corporate laws," Birla was quoted as saying in a release issued by the ICSI. Birla mentioned about the complexities in the processes of corporate governance and the amendments that are made therein, and urged industry experts to help in capacity building. According to him, the excellence of corporate governance depends on company secretaries, as through their work they ensure transparency in t