Business Ethics and Corporate Governance, Second Edition

ESTABLISHMENT OF THE NATIONAL FOUNDATION OF CORPORATE GOVERNANCE

To provide a platform to deliberate on issues relating to good corporate governance as key to sustainable wealth creation, the Indian government has taken a step forward in settingup the National Foundation for Corporate Governance (NFCG). In September 2003, the Union Cabinet had given its consent for setting up NFCG as a Trust. The Foundation has since been registered as a trust with the objective of promoting good corporate governance in India.⁶ Managing the trust will be a three-tier body comprising a governing council, a board of trustees and an Executive directorate.

The foundation will work in synergy with the Investor Protection and Education Fund (IE&PF), a corpus used for ...