NEW DELHI: NASSCOM, a premier trade body and the “voice” of the Indian IT – BPO industry today announced that it will be forming a Corporate Governance and Ethics Committee.

The committee would be chaired by N. R.Narayana Murthy, chairman and chief mentor, Infosys Technologies Ltd, said a press release.

This committee would function as a permanent sub-committee under the aegis of the NASSCOM Executive Council. This is one of the initiatives being taken by NASSCOM to strengthen corporate governance practices in the Indian IT-BPO industry,it added.

Commenting on the announcement Dr. Ganesh Natarajan, chairman, NASSCOM and Global CEO, Zensar Technologies said “While the committee will focus on awareness and advocacy and share best practices across the member community, we will also be considering steps to further strengthen the excellent reputation of this sector in corporate India.”

The committee consists of 8 members, ranging from industry experts, independent directors, academicians and would meet at least three times a year to formulate strategies and measure implementation schedule.

The objectives of this committee would include sharpening the existing appropriate code of ethics, values and corporate code of conduct for industry; emphasizing existing regulations and practices on corporate governance and re-drafting and re-affirming appropriate code of ethics, values and corporate code of conduct for industry.

This committee would look to establish and maintain credibility for the industry among customers, analysts, government, employees, society etc, the release added.