New Delhi, Dec. 9 -- The Institute of Company Secretaries of India (ICSI) - the apex body for company secretaries with over 78,000 members - has publicly addressed the recent governance shortcomings at IndiGo, the nation's largest airline.

On Tuesday, the institute advocated for robust governance frameworks that emphasize proactive risk identification, timely corrective action, and clear communication channels.

In a statement, the ICSI flagged the "recent governance lapse highlighted by the IndiGo incident."

This public mention of corporate governance issues at a specific company is a rare move for the ICSI.

The airline has recently faced massive operational turmoil, leading to hundreds of flight cancellations and severe delays over t...