Voluntary Guidelines, MCA

Last year December the "corporate week" was conducted by the ministry of corporate affairs(MCA). The "corporate week" was a unique initiative by the MCA to showcase the contribution of the corporate sector in the social and economic development of the country.

Mr. Khursheed while delivering his formal speech on the occasion pointed out the challenges before the country and the global community. As for the country: Mr. Khursheed pointed out that there were urgent development issues like poverty, illiteracy, malnutrition etc. As for the global community: Mr. Khursheed underlined the menace of climate change.

Mr. Khursheed proposed a collaborative solution to the above mentioned challenges. In this regard the following part of the speech is apposite:

"The scale of these challenges warrant a collaborative solution in which the Government, the business sector, the civil society organizations and the common citizens need to partner. The Ministry of Corporate Affairs is addressing these issues by providing an enabling environment in which the corporate sector can not only grow and flourish but also bring more and more sections of the society within its value-generation process. It is with this objective in view that the Ministry has chosen the theme of India Corporate Week , 2009 as 'Corporate Sector and Inclusive Growth'. "

It is in light of this objective, the ministry introduced the voluntary guidelines on corporate governance and voluntary guidelines on corporate social responsibility. In the upcoming posts I shall be discussing both the guidelines in detail.

The entire speech is available here http://www.mca.gov.in/Ministry/Minister.html