Ethics
and morals are an integral part of corporate governance and need to be harmonized
and blended with corporate strategy, policy and functioning. Principles of good
corporate governance benefit both the corporate and the community by ensuring long
term growth of the business entity and lowering its cost of financial and human
resources. The Centre for Responsible Corporate Governance views corporate governance
as an instrument for wealth creation as well as a tool for inclusive social development.
Its aim is to help identify good governance and sustainable practices and develop
strategies for business entities to integrate such practices in their operations.
Corporate Governance is not merely compliance of legal procedures but has to be
a part of the overall corporate philosophy and belief. Good corporate governance
practices are equally relevant for small businesses but need to be carefully tailored
to their requirements which are quite different from those of widely held large
companies. The Centre envisages collation, development and research into literature,
case studies, documentaries and other material for knowledge dissemination. The
Center will facilitate sharing of information and ideas on emerging international
trends in Corporate Governance through interactions, events and networked dialogues
across the globe.
The Centre for Corporate Governance will also design and support initiatives on
Corporate Social Responsibility (CSR) built around the philosophy of inclusive growth
in partnership with thinkers, practitioners, business entities and other agencies
involved in the subject.