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K. R. Srivats

New Delhi , Sept. 19

WITH corporate governance nearly becoming a mantra for India Inc, professional bodies too do not want to be left behind.

The Institute of Chartered Accountants of India (ICAI) has set up a 12-member corporate governance committee. Mr Sunil Talati has been appointed as the Chairman of the committee, which has both Government and industry representatives.

"This committee would endeavour to educate our members on emerging issues in corporate governance and also help corporates comply with new requirements such as the revised clause 49 of the listing agreement," said Mr G. Ramaswamy, Vice-Chairman of ICAI's corporate governance committee.

He said that the committee would, in particular, assist corporates in the selection and appointment of independent directors.

The selection of independent directors has become a controversial topic in recent times, with many politicians looking at entering the boardrooms of public sector undertakings as independent directors.

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