The Forum can take legitimate credit for being among the first to comprehend a Code of Conduct for business and industry, way back
in 1956. The Forum first adumbrated the current public concern with
Corporate Governance, about 50 years ago. In recent years the Forum has
arranged several programmes on this subject with a view to highlighting
the need for companies to assume greater social responsibility and also
with a view to creating credible corporate citizenship.
The Founders insisted that the Forum should always remain an ad hoc and
unregistered body. Even its funds were not raised through a permanent
corpus. The Forum preferred to mobilize every year small amounts from
thousands of its members/supporters.
Forum’s concept of free enterprise was one with a social purpose. The
Forum, stood for every individual in the country having the largest
scope to make a contribution within the framework of planned development
through his initiative and enterprise. And that it is ready and capable
of making a substantial contribution to society provided it is not
handicapped and hamstrung by the sort of controls and regulation to
which it was subject.