This Policy Paper was prepared by the World Bank in cooperation with the Confederation of Indian Industries (CII), at the request of the Ministry of Company Affairs (MCA), Government of India (GOI), following the completion of the country’s corporate governance ROSC1 assessment by the World Bank in April 2004 (the CG ROSC assessment).
The paper falls within the framework of cooperation on matters of corporate governance between the World Bank and the GOI, through the MCA and the newly founded National Foundation for Corporate Governance (NFCG). NFCG was set up under the auspices of the MCA, with the cooperation of CII, the Institute of Company Secretaries of India (ICSI), and the Institute of Chartered Accountants of India (ICAI). Its mandate is to increase awareness of good corporate governance practices through workshops and seminars, sponsor academic research, and set up a training program for board members.
NFCG’s work program includes technical assistance from the World Bank for the preparation of policy notes.
See full Policy Paper, in pdf format.
June 2005
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