With the goal of promoting better corporate governance practices in India, the Ministry of Company Affairs, Government of India in partnership with Confederation of Indian Industry (CII), Institute of Company Secretaries of India (ICSI) and Institute of Chartered Accountants of India (ICAI), has set-up the National Foundation for Corporate Governance (NFCG).

The NFCG has an online library of principles, codes, rules and regulations related to corporate governance. These relate to both the Indian as well as the international context. In addition, the online library will also contain original research papers commissioned by the foundation. The library resources are freely accessible.

The online discussion forum hosted by NFCG debates and deliberates upcoming issues in the area of corporate governance. To conduct discussions in an organised manner and to invite greater participation, a notice detailing the topic of the discussion and a designated time is put up on the website beforehand. The forum is open to all.

In an endeavour to build capabilities in the area of research in corporate governance and to disseminate quality and timely information to concerned stakeholders, NFCG would work to foster partnerships with national as well as international organisations.

Joseph A. McCahery is Professor of Corporate Governance and Business Innovation at the University of Amsterdam Faculty of Economics and Econometrics. He is also Professor of International Business Law at Tilburg University Faculty of Law.

Dr. J.J. Irani Report on New Company's ACt
The Committee had the benefit of participation by several experts in various disciplines. It has tried to take a comprehensive view in developing a perspective on changes necessary in the Companies Act, 1956 in context of the present economic and business environment.

How do listed companies go about finding Independent Directors besides contacting persons known to them or through word-of-mouth? This limits the horizon.