You are here: Home » Companies » News
Business Standard

ICSI to strengthen internal governance

Has over 33,000 members including over 5,000 in practice, 3,60,000 students across its 70 branches

BS Reporter  |  Chennai/ Hyderabad 

After playing a key role in corporate governance in the country at a larger scale, the Institute of Company Secretaries of India (ICSI) is drafting guidelines to strengthen institutional governance within ICSI.

“The council meeting is set for next week, where members from the four regional councils meet to discuss and draft guidelines on internal governance practices,” said SN Ananthasubramanian, president, ICSI council here on Friday.

ICSI, which was set up under the Company Secretaries Act, 1980 to develop and regulate the profession of company secretaries, has more than 33,000 members including over 5,000 members in practice and 360,000 students across its 70 branches, including in Dubai.

Being a professional body for corporate governance, the target is to bring some discipline internally. Internal governance is important for various reasons including accountability, responsibility by establishing stakeholders' mechanisms within the institute through this initiative, C Sudhir Babu, council member, ICSI, said.

The institute is developing a database for independent directors. It is also brining changes in its curriculum and syllabus for its executive programme, which will be implemented from September 1.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, March 08 2013. 20:28 IST