Governance is the study of compliance of Laws that are applicable to corporates. Risk management is the study of types of risks faced by corporates and ways to manage them. Compliance management is a way of diligently managing compliance to follow best governance practices in the most ethical way.

As you are just one step away from being a qualified Company Secretary, it is important for you to understand the legal framework under which corporates work, and the risks faced by business organisations. At this level, you are already well-versed with the provisions of Corporate Laws; it is now the time to understand implementation of these laws. Ethics and Compliance management are other important forces that drive the governance of the business. These chapters help you understand the practical side of implementation of Law in corporates. A CS student is also expected to improve upon knowledge of corporate governance which revolves around the Board of Directors, Senior Management of the Company, their roles, responsibility and accountability, Rights and equitable treatment of stakeholders, prompt disclosures, transparency, the legal and regulatory compliances and appropriate risk management measures to protect and enhance interest of all stakeholders.