The Indian Institute of Corporate Affairs (IICA), in partnership with the Directorate General Resettlement (DGR), successfully concluded its second certification program for senior defense officers on independent directorship. The two-week program, held at the IICA Campus in Manesar, Gurugram from May 5th to May 16th, 2025, saw participation from 30 senior officers representing all three branches of the Indian armed forces. The program aimed to orient participants with corporate governance concepts, the roles and responsibilities of independent directors, and how their skills and experiences can contribute to corporate boards. Speakers at the valedictory session, including Shri Gyaneshwar Kumar Singh (DG & CEO, IICA) and representatives from the DGR, emphasized the applicability of military ethics and skills to the corporate sector and the potential for veterans to drive entrepreneurship and contribute to India's economic development, particularly within the MSME sector.
Key Entities Referenced
Ministry of Corporate Affairs: A government ministry, likely in India, responsible for corporate affairs.
IICA: Indian Institute of Corporate Affairs, an organization involved in conducting the certification program.
DGR: Directorate General Resettlement, an organization that partnered with IICA in conducting the program.
Second Certification Program for Senior Defence Officers on Independent Directorship: A two-week certification program for senior defence officers focusing on independent directorship.
PIB Delhi: Press Information Bureau, Delhi - the source of the press release.
Indian Institute of Corporate Affairs: An organization involved in conducting the certification program.
Directorate General Resettlement: An organization that partnered with IICA in conducting the program.
Manesar, Gurugram: Location of the IICA Campus where the program was held.
Air Marshals: A rank held by some of the senior officers participating in the program.
Vice Admirals: A rank held by some of the senior officers participating in the program.
Rear Admirals: A rank held by some of the senior officers participating in the program.
Air Vice Marshals: A rank held by some of the senior officers participating in the program.
Major Generals: A rank held by some of the senior officers participating in the program.
Brigadiers: A rank held by some of the senior officers participating in the program.
Colonels: A rank held by some of the senior officers participating in the program.
Group Captains: A rank held by some of the senior officers participating in the program.
Shri Gyaneshwar Kumar Singh: DG CEO, IICA - Chaired the valedictory session.
DG CEO, IICA: Director General and Chief Executive Officer of the Indian Institute of Corporate Affairs.
Lt. Gen. SBK Singh: SM, Director General, DGR - Addressed the valedictory session.
SM, Director General, DGR: A title and organisation. Director General of the Directorate General Resettlement.
VAdm. Rajaram Swaminathan: Addressed the valedictory session.
Viksit Bharat: A national development goal, possibly a campaign or initiative.
MSME sector: Micro, Small and Medium Enterprises sector in the country.
Dr. Niraj Gupta: Head School of Corporate Governance Public Policy, IICA - Addressed the participants.
Dr. Anindita Chakrabarti: Principal Research Associate, IICA - Conducted the certification ceremony program proceedings.
CS Asheesh Kumar: Senior Research Associate, IICA - Conducted the certification ceremony program proceedings.
NBAD Release ID: 2129255: News Release Identifier.
Ministry of Corporate Affairs
IICA and DGR Successfully Conclude Second
Certification Program for Senior Defence Officers on
Independent Directorship
The two week certification program saw participation
of 30 senior officers representing all three services
Posted On: 17 MAY 2025 9:36AM by PIB Delhi
The Indian Institute of Corporate Affairs (IICA) in partnership with Directorate General Resettlement (DGR)
conducted the second batch of its program for the senior defence officers from 5 th May 2025 to 16 th May
2025, at the IICA Campus in Manesar, Gurugram.
This two week certification program had 30 senior officers representing all three services, of the ranks- Air
Marshals, Vice Admirals, Rear Admirals, Air Vice Marshals, Major Generals, Brigadiers, Colonels &
Group Captains.
The valedictory session was chaired by Shri Gyaneshwar Kumar Singh, DG & CEO, IICA. The valedictory
session also had addresses by Lt. Gen. SBK Singh, SM, Director General, DGR & VAdm. Rajaram
Swaminathan, where they drew parallels of the experiences in the armed forces similar to that being in the
corporates. They further highlighted that the pre-requisites for good governance practices in the corporates-
ethics & integrity, are already present in the armed forces, and these essentials, combined with the wide array
of skills, knowledge and experiences, position the veterans as changemakers in the dynamic Indian corporate
scenario.Shri. Gyaneshwar Kumar Singh, DG & CEO IICA, brought out the vital aspects of the roles expected to be
played by the veterans in the emerging Indian corporate scenario. His address emphasised on the higher
efficiency & productivity achieved by the armed forces in their specialised areas of work and highlighted how
this experience will enable the veterans in nation building by being a part of the Indian corporate sector. Shri.
Singh furthered his thought by stating that the competencies achieved by the armed forces, should be utilised
in areas complimenting those experiences, and eventually leading to the achievement of Viksit Bharat. An
important aspect covered by Shri. Singh in his address to the program participants was to focus on
entrepreneurship development leading to employment generation, not only for the fellow veterans, but also for
the country at large, by stressing upon the critical role played by the MSME sector in the country.
Dr. Niraj Gupta, Head School of Corporate Governance & Public Policy, IICA, addressed the participants by
thanking their presence for the entire duration of the program, despite, the exigent scenarios. He stressed upon
the convergence & divergence points between the ideas of public governance, military governance &
corporate governance. He emphasised that the two-week program was designed with the objective of: (i)
orienting the participants with the conceptual and regulatory understanding on corporate governance; (ii) the
roles and responsibilities of the Independent Director and; (iii) help them contribute to the corporate boards.
The certification ceremony & program proceedings were conducted by Dr. Anindita Chakrabarti, Principal
Research Associate, IICA & CS Asheesh Kumar, Senior Research Associate, IICA. IICA acted as the
catalyst & reservoir of knowledge on corporate affairs, regulatory framework working between the
regulators, ministry, corporates & other entities.
The institute continues to champion initiatives promoting good governance and responsible business practices.
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(Release ID: 2129255)