<h1>Ministry of Corporate Affairs Highlights Corporate Governance for Better Image, Profitability; Partners with IICA and IFC for Reforms.</h1> Corporate Governance is crucial for enhancing company image, acceptability, and profitability, according to the Ministry of Corporate Affairs. At a signing ceremony for a cooperation agreement between the Indian Institute of Corporate Affairs (IICA) and International Finance Corporation (IFC), officials emphasized the importance of good governance for sustainability. The agreement aims to strengthen Corporate Governance practices in India by enhancing the skills of key professionals, focusing on Independent and Women Directors, and developing a Corporate Governance Index to monitor compliance improvements. This initiative seeks to create a competitive environment for ongoing improvements aligned with the Ministry's reform process.