Millennium Post

Government to soon finalise policy on corporate governance: Moily

Government will soon finalise the national policy on corporate governance after studying the suggestions made by the Adi Godrej panel on the subject. The panel, headed by industrialist Adi Godrej, was set up by the ministry to prepare a draft policy document on corporate governance.

Speaking to reporters on Wednesday, corporate affairs minister Veerappa Moily said the committee's report is being examined and the 'corporate affairs ministry will finalise the national policy on corporate governance soon'. However, specific details were not disclosed.

The committee has come out with 15 to 16 suggestions, including those related to independent directors, to boost overall corporate governance practices in companies. On the Companies Bill, Moily said its final draft is now before the Cabinet.

The final draft of the Companies Bill 2011,has been prepared after considering recommendations of the Standing Committee and comments from the Finance and Law Ministries as well as the Planning Commission.

'It is expected to be taken up for consideration in the ensuing Parliament session,' he said.


The centre is committed to make eastern region the granary of the nation by growing foodgrains in their natural ecology and to their full established potential, Union Agriculture minister Sharad Pawar said here in east India on Wednesday. ‘Seeing the performance of the region in the recent years, I am confident we can convert the region from a chronic food deficit to food provider to the nation in very quick time,’ Pawar said. He was inaugurating the first meeting of the committee of the chief ministers of seven eastern states on the centrally-sponsored programme of ‘Bringing Green Revolution in Eastern India’.
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