Business Ethics and Corporate Governance, Second Edition

SETTING UP OF CENTRE FOR CORPORATE EXCELLENCE

The Government of India has set up the Centre for Corporate Excellence under the aegis of the Department of Company Affairs as an independent and autonomous body as recommended by the study group. The centre would undertake research on corporate governance; provide a scheme by which companies could rate themselves in terms of their corporate governance performance; promote corporate governance through certifying companies who practise acceptable standards of corporate governance and by instituting annual awards for outstanding performance in this area. Government’s initiative in promoting corporate excellence in the country by setting up such a centre is indeed a very important step in the right direction. ...