<h1>IICA forms Core Working Group to reform corporate ESG disclosures, strengthen board-level oversight and align Indian rules with global standards</h1> The Indian Institute of Corporate Affairs, under the Ministry of Corporate Affairs, has constituted a Core Working Group on corporate affairs and ESG to review corporate disclosures, board-level ESG oversight and alignment with global best practices. The group will examine disclosure provisions under the Companies Act, assess international standards, recommend board oversight mechanisms, propose convergence of Indian norms with global frameworks, and develop stakeholder engagement, innovation, financing and impact-assessment measures for ESG initiatives. Membership comprises senior industry leaders, consultancy firms, experts and academicians, with the institute's School of Business Environment serving as secretariat.