In 2003, Ministry of Corporate Affairs (MCA) led a unique PPP model to set up the National Foundation for Corporate Governance in partnership with Confederation of Indian Industry, Institute of Company Secretaries of India and Institute of Chartered Accountants of India. Subsequently, Institute of Cost Accountants of India, National Stock Exchange and Indian Institute of Corporate Affairs also joined with an objective to promote good Corporate Governance practices both at the level of individual corporates and Industry as a whole.
NFCG endeavors to create a business environment that promotes voluntary adoption of good corporate governance practices.
Vision
Be the Key Facilitator and Reference Point for highest standards of Corporate Governance in India.
Mission
- To foster a culture of good corporate governance
- To create a framework of best practices, structure, processes and ethics
- To reduce the existing gap between Corporate Governance framework & actual compliance by corporates
- To facilitate effective participation of different stakeholders
- To catalyse capacity building in emerging areas of corporate governance
Objectives
- Corporate Governance
- Corporate Social Responsibility (CSR)
- Ethical Business Practice
- Sustainability, Environmental, Social and Governance (ESG)
- Risk Management
- Data Governance and Cyber security