Write a brief note on "The ICSI National Awards for Excellence in Corporate Governance".

The ICSI National Awards for Excellence in Corporate Governance: In pursuit of excellence and to identify, foster and reward the culture of evolving globally acceptable standards of corporate governance among Indian companies, the "ICSI National Award for Excellence in Corporate Governance" was instituted by the ICSI in the year 2001. The Awards are based on the outcome of concerted and comprehensive process of evaluation which enables the Jury to judge on the basis of parameters, the practices of corporate governance as followed by Indian corporates and acknowledge the best practices worthy of being exemplified. The underlying guideline for the Corporate Governance Award is to identify the corporates, which follow the best corporate governance norms in letter and spirit. The institution of the Award aims at promoting the cause of Corporate Governance by: Recognizing leadership efforts of corporate boards in practising good corporate governance principles in their functioning; Recognizing implementation of innovative practices, programmes and projects that promote the cause of corporate governance; Enthusing the corporates in focusing on corporate governance practices in corporate functioning; and Implementation of acknowledged corporate governance norms in letter and spirit. The Institute also annually bestows upon a corporate leader the "ICSI Lifetime Achievement Award for Translating Excellence in Corporate Governance into Reality" keeping in view the attributes like: Outstanding contribution to social upliftment and institution building; Exemplary contribution in enhancement of stakeholders'value; A visionary with innovative ideas; Long tradition of trusteeship, transparency and accountability; Qualities of leadership, team spirit, integrity and accountability; Proven track record of adherence of statutory obligations; and Social acceptance and approval.