The Chief of Bureau

Date: June 14, 2017

Press Release

ICSI to Launch Model Governance Code for Meetings of Gram Panchayats

The Institute of Company Secretaries of India (ICSI), a premier institute in India and acclaimed for promoting excellence in Corporate Governance through its various efforts and measures taken for the advancement of the governance in corporate world. ICSI is coming up with a “Model Governance Code for Meetings of Gram Panchayats” which seeks to prescribe a set of principles for convening and conducting meetings of Gram Panchayats and matters related thereto.

CS (Dr.) Shyam Agrawal, President, ICSI while briefing on the concept of the Model Governance Code for Meetings of Gram Panchayats said, “The fundamental principles with respect to Governance of Gram Panchayat Meetings are laid down in the respective State laws. This model code seeks to facilitate compliance with the said principles by endeavouring to provide further clarity where there is ambiguity and establishing benchmark standards to harmonise prevalent diverse practices.

This model code does not seek to substitute or supplant any existing laws. It only strives to supplement such laws for promoting better governance in the functioning of Gram Panchayat. Keeping this in mind and working wholeheartedly towards achieving the objective of Corporate Governance, more so with the changes in time, ICSI is making efforts increasingly to be in line with the cause of National Governance in order that India emerges as a world leader. Such a transformation calls for a journey that aims at connecting the dots between ‘Local to Global (L2G)’ aspects of governance”, Dr Agrawal added.

Further elaborating on the concept of the Model Governance Code for Meetings of Gram Panchayats, President ICSI said that, “Father of the Nation, Mahatma Gandhi was also a strong believer of strengthening local self-government system and believed that every village must be strongly empowered to deal with local issues. In this backdrop, there is a need to further expand the horizon of the ICSI, i.e. facilitating Corporate Governance to citizen-centric approach where governance and development is activated at the grass root level. Besides, the need of the hour is to taking the cause of global governance to the newer heights”.

In light of the above, ICSI has solicited comments/suggestions on the Model Governance Code for Meetings of Gram Panchayats placed on its website www.icsi.edu for which the link is placed below:

https://www.icsi.edu/webmodules/Model_Governance_Code_for_Panchayat_ Meetings.pdf.

About ICSI: The Institute of Company Secretaries of India, (ICSI) is premier professional body set up under an Act of Parliament, i.e., Company Secretaries Act, 1980, for the regulation and development of the profession of Company Secretaries in India. It functions under the jurisdiction of Ministry of Corporate Affairs, Government of India. The Institute, being a pro-active body, focuses on best and top-quality education to students of Company Secretaries Course and best quality set standards for CS members. It has over 50,000 Members and around 4 lakh students on it’s roll.

Preeti Kaushik Banerjee

Director-Corporate Communication

011-45341013/1022

Preeti.banerjee@icsi.edu

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