Role of Nasscom in Corporate Governance

Topics: Corporate governance, Board of directors, Government Pages: 7 (1764 words) Published: December 29, 2012

National Association of Software and Services Companies (NASSCOM) is a trade association of Indian Information Technology (IT) and Business Process Outsourcing (BPO) industry established in 1988. NASSCOM is a non-profit organization, funded by the industry, its objective is to build a growth led and sustainable technology and business services sector in the country. NASSCOM is the global trade body with over 1200 members, of which over 250 are global companies from the US, UK, EU, Japan and China. NASSCOM's member companies are in the business of software development, software services, software products, IT-enabled/BPO services and e-commerce.NASSCOM is the supporter of global free trade in India. It encourages its members to adopt world class management practices, build and uphold highest standards in quality, security and innovation and remain competitive in today’s changing technology.

NASSCOM undertakes several activities and initiatives and works with multiple stakeholders within the global IT-BPO eco-system.NASSCOM collaborates with the Government of India at the centre and states to build a policy framework that is helpful to the growth of the IT-BPO industry in the country.NASSCOM engage with member companies to encourage them to share best practices and services and mentor small organization which are at growing stage. It conducts industry research, surveys and studies on emerging IT-BPO trends and sector performance for industry growth opportunities ahead. It organises national and international events to showcase new opportunities, collaborate, build thought leadership and networking.NASSCOM have different forums which fulfill the need of specific sectors and help them with different future opportunities in their specific segments or programmes. NASSCOM works for global trade development, workforce development and committed in promoting and nurturing small-and-medium companies within the IT-BPO industry.

Nasscom has three affiliated organizations focusing on corporate social responsibility, data security and e-Governance.

Nasscom foundation

Nasscom Foundation (NF)  is a charity registered under the Indian Trusts Act, 1882 and under Section 12A of Income Tax Act. Its aim is using information and communication technologies (ICT) for development, knowledge sharing which help in generating employment, reducing poverty and to make technology accessible at a low cost to non-profits and under-served communities and provide them with technical tools and skills to overcome the barriers that hamper their progress .NASSCOM Foundation brings together implementing agencies, industry, government bodies and people for integrated development through the use of ICT. NASSCOM Foundation has developed various robust programs like NASSCOM Knowledge Network, ConnectIT Poverty Alleviation Programme, BiGTech and BiG Bridge. NASSCOM Foundation facilitate and strengthen Corporate Social Responsibility within the IT-BPO Industry and encourages its members to plan their CSR initiatives, presenting best practices and promoting and assisting their implementation. NASSCOM Foundation encourages its members to engage in capacity building initiatives by transferring technical and other skills to the under privileged to enable long term development. NF programmes involve an integrated ICT learning framework,hardware and software donation programmes and employee volunteer initiatives through to make most use of industry resources.

Data Security Council of India

Data Security Council of India (DSCI) is a not-for-profit organization set up as an independent Self Regulatory organization by NASSCOM. Its objective is to frame data security and data privacy and encourage the IT-BPO industry to implement the same. DSCI has developed in line with global standards Best Practices for Data Protection. The goal of DSCI is to raise the level of security and...
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