The Union Corporate Affairs Minister Dr. M. Veerappa Moily today launched a Legal Compliance Manual-LCM in New Delhi. The objective of this manual is to ensure the compliance of Central and State Laws and follow the norms of good Corporate Governance. According to an official release, the LCM has been jointly developed by the Indian Institute of Corporate Affairs, IICA, in association with Intel India. The Manual will be available on IICA website, and could be used as a Reference Manual to help organizations remain compliant with applicable laws.

The Minister also released a compendium titled “State of Corporate Governance in India- Policies to Reality” on this occasion. Speaking on the occasion Dr. Moily said, the concept of corporate governance is at a threshold in the country where norms require a constant state of refinement to build a balance between voluntary and mandatory approaches.