The Indian Institute of Corporate Affairs (IICA), functioning under the aegis of the Ministry of Corporate Affairs, has signed an MoU with FICCI to collaborate in the areas of Corporate Social Responsibility, Competition Law, Corporate Laws, Corporate Governance, Inclusive Growth and Sustainable Development of the industry and the economy. They have agreed to:

Organize awareness programmes to promote various aspects of the new Companies Act 2013, especially Corporate Social Responsibility, across major cities in India; and

Undertake capacity building measures in the endeavour to mainstream the adoption of CSR and responsible governance practices by the industry and any other corresponding activity.

IICA and FICCI will also collaborate to: (a) conceptualise and develop agenda, course content and modules and (b) organise short term courses and training.

IICA is also working with the Thomson Reuters to raise awareness on corporate regulation and governance for firms in India. Through this alliance the two will deliver a range of orientation programmes aimed at company Board Members, other senior officers from the corporate sector as well as officials from government, statutory and regulatory bodies. These programmes will be sector-specific and will cover range of topics including Corporate Governance, Board effectiveness and industry trends, opportunities and risk. The first orientation programme is being planned for the pharma sector.

Corporate Social Responsibility promoted through IICA partnerships to deliver awareness and capacity-building programmes for boards and industry. IICA has signed MoUs with FICCI and partnered with Thomson Reuters to deliver awareness programmes and capacity-building initiatives promoting Corporate Social Responsibility and governance obligations under the Companies Act 2013, developing course content, short-term training and sector-specific orientation for boards, senior officers and regulators, with an initial programme planned for the pharma sector.