The Indian Institute of Corporate Affairs (IICA), an autonomous institute functioning under the aegis of the Ministry of Corporate Affairs, today signed 5 memoranda of understanding with country’s five leading research, academic and business institutions, namely: Indian School of Business (ISB); Institute of Public Enterprise (IPE); Tata Institute of Social Sciences (TISS); The Energy and Research Institute (TERI) and YES Bank Limited. Shri Sachin Pilot, Minister of Corporate Affairs, was present on the occasion.

IICA provides opportunities for research, education, and advocacy and also serves as a knowledge-centre for policy makers, regulators and other stakeholders related to the domain of corporate affairs. The Institute supports the growth of the corporate sector in India through an integrated and multi-disciplinary approach. IICA is also an academy for the Indian Corporate Law Service (ICLS) officers. The Minister had an intense interaction with the probationers of the ICLS, discussing their training needs and how IICA’s course modules could be enhanced to cater to everyday practical requirements. Shri Pilot emphasized the importance of gauging and assessing the specific needs of industry and business and stressed on the fact that all the courses should add value to the participants’ potential and ability thereby creating a demand in the Corporate Sector for employees to undergo training/development at IICA.

Dr. Bhaskar Chatterjee, DG & CEO of IICA, stressed upon the need for institutional partnerships saying that it holds the potential to bring together diverse stakeholders for the common goal of advancing knowledge and promoting able corporate governance.

Shri Sachin Pilot also released two books – Business Responsibility India Survey 2013 and Responsible Corporate Engagement in Rural India – A Compendium of Good Practices; an outcome of the bilateral cooperation project between IICA and GIZ on business responsibility.

Institutional partnerships promote corporate governance and capacity building, enhancing training and policy support for corporate sector stakeholders. Five memoranda of understanding were executed between the Indian Institute of Corporate Affairs and five leading institutions to establish institutional partnerships for research, education, advocacy, and policy-relevant knowledge in the corporate domain, with emphasis on advancing corporate governance, multi-disciplinary collaboration, capacity building, and practical training for Indian Corporate Law Service probationers.