Independent Directors (IDs) play an important role at the Board level and are expected to be the torch bearers of corporate governance. It is imperative for the independent directors to understand the underlying framework of corporate governance in India for designing and implementation of corporate governance best practices. The practice of the profession of independent directorship requires a sound body of knowledge towards the corporate governance challenges emanating from the interaction of the corporate entity with various financial and non-financial aspects relating to laws and regulations, markets, finance, investment, technology, stakeholders etc. The field of corporate governance is ever evolving and board of directors require to develop multi-dimensional and interdisciplinary skills. This research initiative is to fulfil this need.
The Scheme on inducing research initiatives is about implementation of strategic plan associated with the initiative of instituting the databank of independent directors with a sole objective of building their capacities by imparting skills and knowledge that is based on solid research.
It has been widely advocated that the Independent Directors need to operate ethically. The present practices which are followed by the industry have several value conflicts. Therefore, there is a strong need to have a better research-based understanding of those value conflicts and how to overcome them in board settings.
The long-term goal of the research initiative is to generate a body of knowledge that enables the development of the independent directors as professionals.
The award will be given for two types of research proposals as given below:
Group A: Micro Research study involving research duration of upto 3 months for award of Rs 5 lakh maximum.
Group B: Macro Research study involving research duration of upto 6 months for award of Rs 10 lakh maximum.
The research proposals are invited on a theme addressing to corporate governance practices and its intersection with interdisciplinary areas. Examples, of some topics are given below:
HOW TO PREPARE RESEARCH PROPOSALS?
This document is to assist in setting out the proposal, in terms of text layout, section headings and sub-sections.
The Research Proposal is a complete description of an intended research. Through the full proposal, the author needs to demonstrate convincingly that the study will make a contribution to a corporate affairs issue or problem. The full research proposal must be between 5 and 10 pages and should present the following:
The proposals should be submitted as per Guidelines for Proposal Submission and include the following:
Dr. Niraj Gupta, Head, School of Corporate Governance and Public Policy at the following address
Indian Institute of Corporate Affairs
Plot No. P 6, 7, 8; Sector 5, IMT Manesar, Gurgaon (Haryana), PIN 122052
An advance softcopy of the same can be shared to following Email IDs before the last date.