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What is the National Foundation of Corporate Governance?

Open uri20170510 32134 7ezpi6?1494421819 jaggu asked almost 3 years ago

Hi, Can you explain about the National Foundation of Corporate Governance?

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5 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered over 2 years ago

--With the goal of promoting better corporate governance practices in India, the Ministry of Corporate Affairs, Government of India, on 1st October 2003 set up National Foundation for Corporate Governance (NFCG) in partnership with Confederation of Indian Industry (CII), Institute of Company Secretaries of India (ICSI) and Institute of Chartered Accountants of India (ICAI). In the year 2010, stakeholders in NFCG has been expanded with the inclusion of The Institute of Cost Accountants of India (ICAI) and National Stock Exchange (NSE). --Vision

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Pushkala Santhanam answered almost 3 years ago

National Foundation for Corporate Governance (NFCG) has been established by the Ministry of Corporate Affairs in partnership with CII, ICSI, ICAI, ICWAI and NSE to function as the National Apex platform for promotion of good Corporate Governance (CG) practices in India. NFCG provides financial grant to Accredited Institutions for conducting awareness programmes on good CG practices, providing quality training to Directors / Faculty as well as conducting quality research in the area of CG.

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Open uri20170510 32134 1uwcnoc?1494421631 Shubhangi Jain answered almost 3 years ago

The National Foundation for Corporate Governance (NFCG) has been set up the Department of Company Affairs, Government of India, in partnership with Confederation of Indian Industry (CII), Institute of Company Secretaries of India (ICSI) and Institute of Chartered Accountants of India (ICAI) with the goal of promoting good corporate governance practices in India.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered almost 3 years ago

--With the goal of promoting better corporate governance practices in India, the Ministry of Corporate Affairs, Government of India, on 1st October 2003 set up National Foundation for Corporate Governance (NFCG) in partnership with Confederation of Indian Industry (CII), Institute of Company Secretaries of India (ICSI) and Institute of Chartered Accountants of India (ICAI). In the year 2010, stakeholders in NFCG has been expanded with the inclusion of The Institute of Cost Accountants of India (ICAI) and National Stock Exchange (NSE). **--Vision** Be A Catalyst In Making India The Best In Corporate Governance Practices. --**Mission** --To foster a culture for promoting good governance, voluntary compliance and facilitate effective participation of different stakeholders; --To create a framework of best practices, structure, processes and ethics; --To make significant difference to Indian Corporate Sector by raising the standard of corporate governance in India towards achieving stability and growth.

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Open uri20170510 32134 tcchcu?1494421832 Jitendra Suthar answered almost 3 years ago

Hiiii friend.... **National Foundation of Corporate Governance** "Corporate governance is maximizing the shareholder value in a corporation while ensuring fairness to all stakeholders, customers, employees, investors, vendors, the government and the society-at-large. Corporate governance is about transparency and raising the trust and confidence of stakeholders in the way the company is run. It is about owners and the managers operating as the trustees on behalf of every shareholder - large or small." - Shri N.R. Narayana Murthy, Chief Mentor, Infosys Limited. With the goal of promoting better corporate governance practices in India, the Ministry of Corporate Affairs, Government of India, on 1st October 2003 set up National Foundation for Corporate Governance (NFCG) in partnership with Confederation of Indian Industry (CII), Institute of Company Secretaries of India (ICSI) and Institute of Chartered Accountants of India (ICAI). In the year 2010, stakeholders in NFCG has been expanded with the inclusion of The Institute of Cost Accountants of India (ICAI) and National Stock Exchange (NSE). Vision Be A Catalyst In Making India The Best In Corporate Governance Practices. Mission • To foster a culture for promoting good governance, voluntary compliance and facilitate effective participation of different stakeholders; • To create a framework of best practices, structure, processes and ethics; • To make significant difference to Indian Corporate Sector by raising the standard of corporate governance in India towards achieving stability and growth.

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