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Hyderabad, 
: Vice-President M Venkaiah Naidu today inaugurated ICSI’s Centre of Excellence here on Saturday.
Speaking on the occasion, the Vice President said the Centre of Excellence will cater to the entire South India and similar CoEs coming up at Ajmer for Northern region and at Kolkata for the Eastern region. The Institute will be meeting the requirements for the whole country. It’s Centre for Corporate Governance, Research and Training is already functioning at Mumbai and serving the Western region.
In the wake of globalization and the increasing role of corporates in driving the economies, it has become imperative for professionals like company secretaries to acquire cutting-edge knowledge and skills that are not only in tune with the best practices but also facilitate and promote good corporate governance. Apart from setting the benchmark for high standards in corporate governance, such centres should accord high priority to research and innovative practices.
Money laundering through shell companies is one of the menaces that affect the economy of a country. I commend the decision of ICSI to sensitize all its members and other stakeholders on the deleterious impact not only of the shell companies but also of shell NGOs. I also appreciate the efforts of ICSI in bringing secretarial standards on to statute books and paving the way for good corporate practices. Such standards are needed in the wake of corporate disputes.
