The in-principle approval was granted by Planning Commission in year 2006 for
development of a world class institution on corporate affairs. Subsequently,
detailed consultations were undertaken by MCA with the Planning commission,
corporate leaders, national & international institutions such as IIT Kharagpur,
Yale university, George Washington university and multilateral bodies such as
commonwealth secretariat regarding structure and functions of the proposed
institution. Professional institutions like ICAI, ICSI, ICWAI were also consulted
regarding the feasibility and relevance of such institute. The primary objective of
the Organization is to establish, manage, maintain and run a world-class institute,
to be called the Indian Institute of Corporate Affairs (IICA) for attaining, achieving
and furthering the objectives of the organization, including the following;
Be a think-tank for the Government for holistic advice on all issues relating to corporate affairs, .and impacting on corporate functioning, including the legislative, policy, structural, governance, regulation and interdisciplinary/coordination issues, keeping in view the current developments and likely future scenarios. Provide a dynamic and foresighted institutionalized platform for convergence, collective thinking and joint action by the Government, industry, premier institutions, thought leaders, professionals, investors, civil society organizations and other stakeholders with a view to engage proactively in on: going up-gradation of corporate governance and functioning, assisting business today in facing I capitalizing-on the current challenges/opportunities, and shaping the business of tomorrow;
Promote/encourage and facilitate innovation, entrepreneurship/intrapreneurship and associated employment generation, particularly in the small and medium enterprises, including through facilities for identification of emerging business opportunities, attracting venture capital, incubation, capacity building, and being a solution-provider seeking global alliances for complimentary core competences;
Provide quality action research, consultancy and information services/support to all its stakeholders including the Central/State Governments, corporates, professionals, Directors of companies, investors etc;
Develop and maintain a state-of-the-art evolutionary Knowledge Management System, covering all aspects, issues, experiences relating to Indian and global corporate functioning/affairs, linked to internal and external sources of knowledge creation, development and warehousing to provide data, information and knowledge to all stakeholders with speed and in formats designed for ease of access, navigation and utilization;
Develop a virtual think-tank/network with highly regarded – institutions, intellectuals and individuals in fields related to corporate affairs world-wide, with IICA centers located in selected prestigious institutions/think-tanks in India abroad on reciprocal basis, to provide a mechanism for uniquely synergizing, the leading-edge thinking for assisting corporate leadership, innovation and development;
Promote ethical corporate governance and business management practices, provide innovative governance solutions for inclusive growth and entrepreneurial excellence for developing socially-responsible enterprises, and support mechanisms for investor education, protection and grievance redressal;
Assist Central/State Governments in taking e-governance initiatives and systems to new frontiers for ever-improving governance structures, integrated regulation, service delivery & e-security, and support the implementation of electronic registry and e-governance based regulation/services of the MCA;
Be the alma mater for training and capacity building of Indian Company Law Service (ICLS) officers and also provide capacity building support for the functionaries of the MCA, corporates and other stakeholders, to facilitate their becoming proactive partners in the country's corporate/economic growth story, appropriately equipped in terms of mind-set, skills and knowledge;
Develop and establish a. new discipline, to be called ‘Corporate Affairs’ for holistic treatment and coverage all disciplines / subjects involved in or impacting on, corporate functioning, e.g. management, economics, finance, taxation, accountancy, law, regulation, compliance management, global business scenario, emerging technologies, energy, environment, ethical corporate governance, corporate social responsibility, inclusive growth, sustainable developments etc. and evolve, develop and conduct degree/diploma/certificate courses and training programmes on 'Corporate Affairs' and its various components/ modules, so as to create a new breed/ stream of business leaders, chief executives, corporate professionals, entrepreneurs, innovators, public servants and regulators for effective futuristic corporate leadership, management and regulation, in an increasingly complex, interdependent, and fast-changing world, Catalyzing facilitating and nurturing thought leadership, for the world of today and tomorrow, would be an intrinsic part of this new discipline;
Develop IICA as a unique/first 21st century Institute for shaping tomorrow's business and regulation, rooted in new paradigms arising from the developments and requirements of this century, with capability to analyze possible future scenarios for enabling pro-active action today, new approach/methodologies for research and imparting/utilizing knowledge, focus on "learning skills for self- learning' rather than on 'teaching' etc;
Adopt strategies and take up activities in consonance with the Society's. objectives, to enable its' functioning as a financially independent, totally self- sufficient entity by the year 2016-17, so as to further strengthen autonomy and objectivity in internal operations.
Dr. Sameer Sharma, Director General and CEO, IICA
At IICA, as an institute our values are based on what we bring to our classes by combining theory and practice through a unique learning model called the IICA way of learning. This is our brand and is something we are constantly building, because it is an affirmation of who we are. The unique way of learning unlocks the growth potential residing in every learner. The IICA way of learning compels us to be agile, engage in constant exploration and prevents us from being complacent. Through this way of learning we handcraft the next phase of the career growth of participants.
Presently to make India a business friendly, investment friendly and start-up friendly jurisdiction the government by bringing in various new acts and through amendments of existing laws has brought in the concept and practice of conflict resolution through the art and skill of mediation. The arrival of Mediation in conflict resolution scene is evident from the recent introduction of mediation in almost all commercial dispute resolution laws such as Section 12A of Commercial Courts Act, 2015, Section 442 of Companies Act, 2013, Chapter V of Consumer Protection Act, 1986. As a government think tank we are pleased to roll out a 40 – Hour mediation training for capacity building and creation of professionals to cater to commercial disputes to be resolved through negotiation and mediation.
Dr. Naveen J Sirohi, Programme Director
India has an existing demand and need of professionally trained mediators. Mediation as a concept can be understood only through the process of 45 hour professional training. The training is designed keeping in mind the necessity of theoretical learning and practical implementation to be done by trained professionals post being trained. Mediation is an art as well as skill better learnt through training and experience
Mediation as a dispute resolution mechanism focuses on needs and interest of the disputants to arrive at feasible and workable solutions. It can be defined as a process by which disputing parties voluntarily engage the assistance of a neutral mediator, who has no authority to make decisions for them. Mediation serves various purposes, including providing the opportunity for parties to define and clarify issues, understand different perspectives, identifying interests, explore and assess possible solution, and reach mutually satisfactory settlement, when desired.
The importance of mediation was acknowledged, globally as well as in India, however, the number of trained mediators who understood the international best practices of mediation and the correct approach to undertake to the disputes pending resolution in India was limited. To fill the gap of lack of trained commercial mediators in India, the idea such a training programme was floated.
Since 2016, the Indian Institute of Corporate Affairs (IICA) along with Bridge Policy Think India as external EOI partner have been successfully conducting this ‘45 Hours Training on Commercial Mediation & Negotiation Training’ at New Delhi, Mumbai, Bangalore and Chennai. The 40-hour Training on Commercial Mediation & Negotiation program organized by IICA is first of its kind training program in the country and has garnered name for itself in the arena of conflict resolution.
We conducted the first training session in the year 2016 and we are glad to share with you that we have trained professionals from diverse backgrounds, such as Judges, Bureaucrats, Managing Directors, CEOs, Lawyers, Engineers, Entrepreneurs, Doctors, Psychologists, Chartered Accountants (C.A.), Company Secretaries (C.S.), Investment Bankers, with the skills and knowledge required to conduct commercial mediation and negotiation. In the short span of 4 years, we have conducted 9 Training courses across the country. We are happy to share with you that IICA has trained over 230 professionals including more than 35 international participants. Many of our trained mediators are now also practicing mediation in other jurisdictions such as United Kingdom, Canada, Germany, Thailand, Bangladesh and Sri Lanka.
Indian Institute of Corporate Affairs, conducts trainings specialized in corporate and commercial mediation for promotion of Section 442 of Companies Act, 2013, mandatory mediation under Section 12A of Commercial Courts Act, 2015 and mediation under Consumer Protection Act, 2019. All types of disputes which are not criminal in nature as suitable for mediation.
The outline for the 2020 course is:
Mr. Sriram Panchu is a mediator practicing in India. He is also a designated Senior Advocate of the Madras High Court. He has mediated the Ram Janmabhoomi – Babri Masjid land dispute. He has authored the best seller “The Commercial Mediation Monograph”. He is a founder of The Mediation Chambers, which offers services in mediation and med-arb. He is the president of the Association of Indian Mediators and a director on the board of the International Mediation Institute (IMI). He set up India’s first court-annexed mediation centre in 2005, and has been instrumental in making mediation a part of India's legal system. Mr. Panchu has mediated a large number of complex and high-value disputes across the range of commercial, corporate and contractual disputes in different parts of India. These include construction and property development, insolvency and winding up, property disputes, family business conflict, intellectual property and information technology disputes. He has also mediated international commercial disputes. He is a certified mediator on the panel of the Singapore International Mediation Centre. He was appointed by India's Supreme Court to mediate a 500 square kilometre dispute between the states of Assam and Nagaland, and another public dispute involving the Parsi community in Bombay. He is at ease with the facilitative and evaluative styles of mediation. He also combines mediation and arbitration, and has developed innovative methods that are user-friendly and ensure finality of result with the best possible solution. He has also authored other books on mediation. Settle for More introduced mediation to the Indian audience. Mediation: Practice & Law (Butterworths, LexisNexis) is the standard manual in India. He has authored the Indian chapter of Getting the Deal Through. The Supreme Court of India has referred to him as a “distinguished mediator”, “eminent trainer” and “one of the foremost mediators in the country”.
Mr. Anuroop Omkar is a lawyer and practicing mediator based in Delhi. He is an internationally trained mediator and regularly undertakes high profile commercial, consumer and financial mediations across the country. He is empaneled as a mediator for Delhi Dispute Resolution Society, Ministry of Law and Justice, New Delhi, National Company Law Tribunal (NCLT) for matters under Companies Act, 2013, IIAC Indian Merchant Chamber etc. He was a member of the Review Committee of Ministry of Corporate Affairs for Section 442, Companies Act, 2013 on mediation and is an external Consultant to Bombay Chamber of Commerce and Industry. He is a member of the Working group for Introduction of Personal Insolvency. He is also a mediator at the World Bank. In 2020, the book he has co-authored ‘‘The Art of Negotiation and Mediation – Wishbone, Funnybone and a Backbone’ has been made a recommended reading by Bar Council of India (BCI) for the mandatory mediation course for law school students. This book is only one out of two books written by Indian authors prescribed by BCI.
Ms. Kritika Krishnamurthy is the partner of law firm AK & Partners and the Director of Bridge Mediation and Consulting Pvt. Ltd. She is a practicing lawyer and a trained mediator. She is a visiting faculty for several institutions such as Small Industries Development Bank of India (SIDBI), Bombay Chamber of Commerce and Industry, Zonal Training Centre, Reserve Bank of India, New Delhi and Indian Society of International Law (ISIL). She regularly speaks on important commercial issues both in India and abroad. She is also a mediator at the World Bank. In 2020, the book she has co-authored ‘‘The Art of Negotiation and Mediation – Wishbone, Funnybone and a Backbone’ has been made a recommended reading by Bar Council of India (BCI) for the mandatory mediation course for law school students. This book is only one out of two books written by Indian authors prescribed by BCI.
Mr. Stefano Cardinale is a registered lawyer at the Barcelona Bar Association, and at the Roma Bar Association, where he practices as international business lawyer, professional mediator, negotiator and ADR consultant for businesses. He has an extensive practice of international commercial ADR methods such as mediation and arbitration and he delivers tailored made conflict management systems to domestic and foreign companies. He has been a mediator’s trainer in the most prestigious Indian Universities, such as Gujarat National Law University, National Law University Jodhpur and Tata Institute for Social Sciences (India). Mr. Cardinale has collaborated in writing various articles and articles on various aspects of mediation.
Mr. Andrew Miller QC is CEDR accredited and has been involved in the mediation of disputes since 1996. He has 30 years of practice as a top ranked commercial, construction and insurance Junior Barrister and QC. He has experience of over 150 mediations and has been involved in mediations both domestically and internationally for over 20 years and acts as a mediator in a wide range of commercial sectors, including construction, property damage, insurance and reinsurance, professional negligence and general commercial disputes. Andrew practices principally as a Mediator and Arbitrator, using his specialist expertise in commercial, construction, insurance, property damage and professional negligence disputes.
Laura holds a Mediation Certificate from Northwestern University and completed Mediation Training with the Los Angeles County Bar Association. She is licensed by the State Bar of California and is an active member of the DuPage County (Illinois) Bar Association, the American Bar Association (Dispute Resolution Section), and the National Association of Women Lawyers. She is an Instructor for the Inaugural Leadership Development Institute of the Women's Bar Association of Illinois. A Truman Scholar and Rhodes Scholar finalist, Grisolano was recognized as the 2013 Woman of the Year in Dispute Resolution by the National Association of Professional Women, and as the inaugural Donald Egan Scholar by The University of Chicago Law School. She has earned a reputation as a leader, a problem solver, and a connector who can move people and organizations to higher levels of performance.
Ms. Mushkambaryan is a Lecturer in the Department of Political processes and technologies at the Russian-Armenian (Slavonic) University, Armenia where she conducts courses on Conflict Resolution & Negotiation Management and Psychology of Negotiations. She also regularly conducts trainings on Nonverbal communication in Mediation for ADR Partners LLC. Along with her trainings, Ms. Arsha was also independently working on research projects titled ‘Negotiation culture in Armenia’, ‘Nonverbal communication’ and ‘Migrant Native Conflicts’. She has also worked as the Development Specialist of Academic Mobility and International Relations, Russian-Armenian Slavonic University, Armenia. She has also to her credit published academic research titled ‘Emotions and their nonverbal expression in conflict escalation’ and ‘The role of Third party in unofficial diplomacy’.
*Subject to confirmation
45 Hours Training of Commercial Mediation and Negotiation