CENTRE FOR CORPORATE EXCELLENCE
The Department of
Company Affairs (DCA) has planned to set up a Centre for Corporate
Excellence to ensure better corporate governance. A token sum
of rupees one crore has been earmarked for the proposed Centre
during 2002-2003.
The proposed Centre
for Corporate Excellence would have three broad functions, such
as, research and studies, education, promotion and development
and accreditation and awards with respect to matters with a bearing
on corporate governance and excellence. The role of the Centre
would be mainly to serve as a knowledge portal and repository
in the field of corporate governance and excellence.
The Centre for Corporate
Excellence would be autonomous and self-sustainable. The Centre
would require substantial funds in the form of corpus to enable
it to function in a self-sustainable manner. The Government would
make a substantial contribution to the corpus.
The DCA has received
requests from a few States and from certain institutes for setting
up such a Centre. The precise location of the proposed Centre
is still to be decided. Discussions are underway in this regard.
