Explain in brief: Internal Governance Structure of National Foundation for Corporate Governance.
CS Professional · Ethics, Governance and Sustainability · PYQS · December 2020
Explain in brief: Internal Governance Structure of National Foundation for Corporate Governance.
Answer & Explanation:
The internal governance structure of NFCG consists: Governing Council Board of Trustees Executive Directorate (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. (ii) Board of Trustees Board of Trustees deal with the implementation of policies and programmes and lay down the procedure for the smooth functioning. It is chaired by Secretary, Ministry of Corporate Affairs, Government of India. (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 is supported by full time dedicated professional secretariat.
Topics: Corporate Governance
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