The position of Director General in the Indian Institute of Corporate Affairs is of the rank of Secretary to the Government of India.

The position holder is generally a career civil servant, usually from the Indian Administrative Service,[7][8][9] and a government official of high seniority.

It has various Schools, Centres, Departments, Academies and Foundations under its ambit looking after different specialized disciplines and areas within the entire gamut of Corporate Affairs horizon.

In December 2021, Govt of India approved the appointment of Praveen Kumar, Retd IAS officer (TN:1987), Former Secretary, Ministry of Skill Development & Entrepreneurship to the post of Director General & Chief Executive Officer (DG & CEO), Indian Institute of Corporate Affairs (IICA).

In April 2024, The Appointments Committee of the Cabinet (ACC) approved the entrustment of additional charge of the institute to Dr. Ajay Bhushan Pandey, Chairperson of the National Financial Reporting Authority who is a Retd.

Additionally, IICA is providing training to Indian Company Law Service (ICLS) officers and other Ministry officials and supporting organizational reform initiatives.

[2] The IICA, as part of its objectives, is mandated for creation of a pool of cadre professionals on the specialized and emerging topics of Corporate Insolvency, Bankruptcy, Corporate Social Responsibility, Mediation, ADR, Corporate Valuation, Independent Directorship, Environment Social Governance, Business Human Rights, who shall play a pivotal role in India’s march to Vikshit Bharat @ 2047 Other Key activities carried out by IICA include capacity-building and training programmes, policy advisory functions, public outreach and stakeholder consultations through seminars, conferences and forums.