The ‘Guiding Principles of Corporate Governance’ have been formulated by the Committee set up by the Ministry of Corporate Affairs. The Committee was chaired by Mr Adi Godrej, Chairman, Godrej Group. The Guidelines present some practical suggestions on strengthening corporate governance within the existing legal framework. The principles aim to transform corporate governance from a ‘tick-box’ exercise to an actual roadmap. The guidelines were presented to Dr M Veerappa Moily, Minister for Corporate Affairs and Power at CII’s 8th International Corporate Governance Summit held on 18 September 2012 at Mumbai.