Corporate Governance is the application of best managerial practices, compliance of law in letter and spirit and adherence to ethical standards for effective management and distribution of wealth and discharge of social

The CSIA an international federation of professional bodies that promotes the best practices in corporate secretarial, corporate governance and compliance services. It is international federation of governance professional bodies for corporate secretaries & governance professional and represents those who work as frontline practitioners of governance throughout the world. Twenty Practical Steps to Better Corporate Governance Recognize that good corporate governance is about the effectiveness of the governing body - not about compliance with codes Confirm the leadership role of the board chairman Check that non-executive directors have the necessary skills, experience, and courage Consider the calibre of the non-executive directors Review the role and contribution of non-executive directors Ensure that all directors have a sound understanding of the company Confirm that the board's relationship with executive management is sound Check that directors can access all the information they need Consider whether the board is responsible for formulating strategy Recognize that the governance of risk is a board responsibility Monitor board performance and pursue opportunities for improvement Review relations with shareholders - particularly institutional investors Emphasise that the company does not belong to the directors Ensure that directors' remuneration packages are justifiable and justified Review relations between external auditors and the company Consider relations with the corporate regulators Develop written board-level policies covering relations between the company and the societies it affects Review the company's attitudes to ethical behaviour Ensure that company secretary's function is providing value Consider how corporate secretary's function might be developed.