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GOVERNMENT OF INDIA Ministry of Corporate Affairs
RAJYA SABHA UNSTARRED QUESTION NO: 2675 ANSWERED ON MONDAY, The 30th APRIL, 2012 National Corporate Governance Policy QUESTION
2675. SHRI RAJEEV CHANDRASEKHAR:
Will the Minister of CORPORATE AFFAIRS be pleased to state:
(a) whether Government proposes to introduce a National Corporate Governance Policy that would incorporate global best practices and prescribe ethics for Indian firms in view of the corporate scams that have hit the country during the last few years; and
(b) if so, the details thereof and by when this is likely to be introduced?
ANSWER THE MINISTER OF STATE IN THE MINISTRY OF CORPORATE AFFAIRS (SHRI R.P.N. SINGH)
(a) & (b) The Ministry has constituted a Committee on 07.03.2012 under the Chairmanship of Shri. Adi Godrej for framing a ‘National Corporate Governance Policy’. The Committee is expected to make its recommendations within six months from the date of its first meeting after wide consultations with all stakeholders in the corporate sector, academics and members of the public.