Monday, July 27, 2009

IFC, Sebi, CII to sensitise directors on corp governance

IFC, Sebi, CII to sensitise directors on corp governance
IFC, an arm of the World Bank, will hold a series of workshops along with market regulator Sebi and industry body CII to sensitise independent directors about issues concerning corporate governance and the role they can play in preventing frauds like Satyam.
During the workshops, he said, "Independent directors will be sensitised about the need of corporate governance, the issues they need to focus on and the questions they should raise at board meetings."...
The workshop will help independent directors enhance their understanding of their role as a board member and their effective contribution in the working of the board, Kar said.
IFC's global corporate governance forum has partnered NISM to promote awareness of corporate governance in India. The forum also helps in disseminating good corporate governance practices, sponsoring research and supporting technical assistance.
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