The Indian Institute of Corporate Affairs (IICA) signed MoUs with FICCI on 17 January 2014. MoUs were signed to collaborate in the areas of Corporate Social Responsibility Competition Law, Corporate Laws, Corporate Governance, Inclusive Growth and Sustainable Development of the industry and the economy.
The two institutions have agreed on the following points
• To organize awareness programmes to promote various aspects of the new Companies Act 2013, especially Corporate Social Responsibility, across major cities in India; and
• To undertake capacity building measures in the endeavour to mainstream the adoption of CSR and responsible governance practices by the industry and any other corresponding activity.
• IICA and FICCI will also collaborate to:
a) Conceptualise and develop agenda, course content and modules and
b) Organise short term courses and training
IICA functions under the aegis of the Ministry of Corporate Affairs, also works with the Thomson Reuters to raise awareness on corporate regulations and governance for firms in India. Through this alliance the two will deliver a range of orientation programmes aimed at company Board Members, other senior officers from the corporate sector as well as officials from government, statutory and regulatory bodies. These programmes will be sector-specific and will cover range of topics including Corporate Governance, Board effectiveness and industry trends, opportunities and risk. The first orientation programme is being planned for the pharma sector.