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    Question

    Consider the following statements regarding the National

    Foundation for Corporate Governance: i.         It was set up in the year 2003 by the Ministry of Corporate Affairs (MCA) in partnership with CII, ICSI, ICAI and SFIO. ii.        It is an Affiliated office of the MCA. iii.      Its objective is to promote good Corporate Governance practices at the level of individual corporates only. Which of the above statements are true?
    A i & ii Correct Answer Incorrect Answer
    B iii & iv Correct Answer Incorrect Answer
    C i, iii & iv Correct Answer Incorrect Answer
    D only ii Correct Answer Incorrect Answer

    Solution

    SFIO was not involved in establishing NFCG. Objective is to promote good Corporate Governance practices both at the level of individual corporates and Industry as a whole.

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