From the current vantage point we can clearly discern three reasons for this change: •  First, the clamour for and attainment of central bank independence has imposed a great degree of responsibility on the central banks – a major one being the attainment of transparency in communication.
Towards this end, the Institute of Company Secretaries of India (ICSI) has constituted a Secretarial Standards Board (SSB) with the objective to formulate secretarial standards based on applicable laws, business environment and best secretarial practices. The Establishment of this Board represents a significant step towards harmonization, integration and standardisation of diverse Secretarial Practices prevalent in the corporate sector.