The National Foundation for Corporate Governance (NFCG) plays a significant role in promoting research and disseminating quality information on corporate governance. Discuss the internal governance structure of NFCG, hig

The internal governance structure of NFCG consists of: I. Governing Council Governing Council of NFCG works at the apex level for policy making. It is chaired by Minister in-charge, Ministry of Corporate Affairs, Government of India. The members of the Governing Council are: - Secretary, Ministry of Corporate Affairs, Government of India – Vice Chairman of the Governing Council; Second Vice Chairman of the Governing Council (Industry); President, Confederation of Indian Industry (CII); President, Institute of Chartered Accountants of India (ICAI); President, Institute of Company Secretaries of India (ICSI); President, The Institute of Cost Accountants of India (ICAI-CMA); Director General, Confederation of Indian Industry (CII); Secretary, Institute of Chartered Accountants of India (ICAI); Secretary, Institute of Company Secretaries of India (ICSI); Secretary, The Institute of Cost Accountants of India (ICAI-CMA); Chairman, Indian Banks Association; Chairman, Insurance Regulatory and Development Authority; Chairman, Securities and Exchange Board of India; Secretary, Banking Division, Ministry of Finance; Secretary, Department of Public Enterprises; MD and CEO, National Stock Exchange (NSE); Director General & CEO, Indian Institute of Corporate Affairs (IICA); Eminent Industrialists (4). II. Board of Trustees Board of Trustees deal with the implementation of policies and programmes and laying down the procedure for the smooth functioning. It is chaired by Secretary, Ministry of Corporate Affairs, Government of India. The members of the Board of Trustees are: - Director General, Confederation of Indian Industry (CII); Secretary, Institute of Chartered Accountants of India (ICAI); Secretary, Institute of Company Secretaries of India (ICSI); Secretary, The Institute of Cost Accountants of India (ICAI-CMA); Representative, National Stock Exchange (NSE); and Director General & CEO, Indian Institute of Corporate Affairs (IICA). III. Executive Directorate The Executive Directorate provides the internal support to NFCG activities and implements the decisions of the Board of Trustees. The Executive Director is the Chief Executive Officer of NFCG. The Executive Directorate exercises such powers as may be delegated to it by the Board of Trustees to carry out such functions as may be entrusted to it by the Board. The Executive Director also functions as the Secretary of the Council and the Board and is supported by full time dedicated professional secretariat.