Secretarial Standards Board and Its Objectives

Posted on 12-05-2016        By ADMIN

Secretarial Standards Board and Its Objectives

The Institute of Company Secretaries of India, (ICSI), recognising the need for integration,harmonisation and standardisation of diverse secretarial practices prevalent in the corporate sector, has constituted the Secretarial Standards Board (SSB) with the objective of formulating Secretarial Standards.

SSB was constituted in the year 2000. The formulation of SSB is a unique and pioneering step by the Institute of Company Secretaries of India (ICSI) since there is no such Board or body throughout the world. The purpose of constituting this Board was for long-term benefits for the growth and enhanced visibility of the profession and setting up international benchmarks in Secretarial Standards.

The SSB comprises of eminent members of the profession holding responsible position in well-known companies and senior members in practice as well as representatives of regulatory authorities, such as the Ministry of Corporate Affairs, Securities and Exchange Board of India, Reserve Bank of India, Stock Exchanges and the sister professional bodies viz. the Institute of Chartered Accountants of India and the Institute of Cost Accountants of India. The ICSI-CCGRT (Centre for Corporate Governance, Research & Training) provides technical and secretarial support to SSB.

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