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Exploring opportunities smtp - feb 2009 Presentation Transcript

  • 1. FEB 2009Pavan Kumar Vijay,Past President, ICSI,Managing Director
  • 2. Who is C.SOpportunities Segment wiseare Unlimited Role Agenda for Success SuccessMantra for Impact of IT C.S. C Commerce
  • 3. Who We Are?“Professional” “Company Law Secretary” “Company Secretary”
  • 4. Whether Individual Branding of Company Secretary is ? Impressive Defective
  • 5. Some Myth and Queries…………….are still there in the minds of Company Secretaries  What is the Role of Company Secretary?  Whether this Degree is sufficient?  What type of profile I will get?
  • 6. First Item Who is Company Secretary
  • 7. BOARD OF DIRECTORS DIR A DIR B DIR C DIR D DIR E COMPANY POLICIES INVESTORS CUSTOMERS GOVERNMENT AND SUPPLIERS EXTERNAL STAKEHOLDERS REGULATORS LENDERS SOCIETY DEPARTMENTS IN A COMPANYCORPORATE FINANCE AND HUMAN CORPORATE PRODUCTION INFORMATION LEGAL MARKETINGPLANNING ACCOUNTS RESOURCES COMMUNICATION OPERATIONS AND TECHNOLOGY OPERATIONAL PLANNING AND EXECUTION Who is Company Secretary
  • 8. Every Company Needs a Person to Coordinate between various departments and all stakeholders, Ensure compliance of all applicable laws and Develop mutual trust between various stakeholders The person must have adequate knowledge of Management and Law Who is Company Secretary
  • 9. BOARD OF DIRECTORS DIR A DIR B DIR C DIR D DIR ECS is the PrincipalOfficer of the COMPANY POLICIESCompany INVESTORS CUSTOMERS SUPPLIERS COMPANY GOVERNMENT AND EXTERNAL STAKEHOLDERS SECRETARY REGULATORS LENDERS SOCIETY DEPARTMENTS IN A COMPANYCORPORATE FINANCE AND HUMAN CORPORATE PRODUCTION INFORMATION LEGAL MARKETINGPLANNING ACCOUNTS RESOURCES COMMUNICATION OPERATIONS AND TECHNOLOGY OPERATIONAL PLANNING AND EXECUTION Who is Company Secretary
  • 10. Company Secretary in Employment The Company Secretary, a professional bound by the Code of Conduct, aligns various management functions with company policies, ensures compliance of all applicable laws and endeavors to develop mutual trust between various stakeholders leading to good corporate governance and sustainable growth of the company. Who is Company Secretary
  • 11. Company Secretary in Employment Ethics and Mutual Trust Regulatory Compliances Management Functions COMPANY SECRETARY navigates the Company CORPORATE GROWTH Policies with GOOD GOVERNANCE Who is Company Secretary
  • 12. Company Secretary in Practice The Company Secretary in Practice is an independent professional, bound by the Code of Conduct, rendering audit, advisory and representation services in relation to management, law and corporate governance processes and practices. Who is Company Secretary
  • 13. Company Secretary is aSpecial Kind of Generalist who contributes significantly in all departments of the Company Who is Company Secretary
  • 14. Knowledge of both Management and Law becomes his USP and Core Competence Who is Company Secretary
  • 15. Whether Degree of Company Secretary alone is Sufficient? Who is Company Secretary
  • 16. Who is Company Secretary
  • 17. Second Item Segment wise role of Company Secretary
  • 18. Specialization of Company Secretaries vary from Segment to Segment Segment wise role of Company Secretary
  • 19. CORPORATE AUDIT ADVISORY GOVERNANCEDifferent Services REPRESENTATION DUE DILIGENCE DOCUMENTATION COMPLIANCES Segment wise role of Company Secretary
  • 20. Different Knowledge Areas STRATEGIC IPR & GENERAL MANAGEMENT BUSINESS LAWS CORPORATE AND INTERNATIONAL SECURITIES LAWS TRADE LAW FINANCE, ACCOUNTs ENVIRONMENT AND TAXATION LAWS IT AND HRD AND CYBER LAWS INDUSTRIAL LAWS Segment wise role of Company Secretary
  • 21. Different Corporate Structures Listed Public Semi-government Companies Organisation Unlisted Public Municipal Boards Companies Private Limited Coop Societies And Companies Producer Companies Public Sector Trusts And NGOs Undertakings Unexplored Organisations Segment wise role of Company Secretary
  • 22. Different Industries Capital Market And Tourism And Hotel Financial Services Its Intermediaries Textiles Banking And NBFC IT Enabled Drugs, Pharma Services And BPO And Healthcare IT Solutions Capital Goods Infrastructure, Agriculture And Power And Telecom Food Processing Media And Engineering and FMCG Entertainment Construction Segment wise role of Company Secretary
  • 23. Different Scales of Operations LARGE SCALE MEDIUM SCALE SMALL SCALE Segment wise role of Company Secretary
  • 24. Different Geographies Global Operations Indian Operations Segment wise role of Company Secretary
  • 25. Time Has Come to Go Global Segment wise role of Company Secretary
  • 26. Globalization of trade in goods and services will increase demand in foreign countries Segment wise role of Company Secretary
  • 27. International Opportunities Corporate Governance Advisory and Compliances in Multinational Regulatory Environment Investment Advisory Intellectual Property Rights Commercial Arbitration and ADR Cross Border Restructuring LPO and KPO International Taxation Transfer Pricing Segment wise role of Company Secretary
  • 28. Third Item Impact of Information Technology
  • 29. The IT Revolution How IT can change the Professionals Life Impact of Information Technology
  • 30. The IT Revolution A thought few years back…. which has become a reality now!!! Impact of Information Technology
  • 31. The IT Revolution PEN PC Impact of Information Technology
  • 32. The IT Revolution PEN PC Impact of Information Technology
  • 33. The IT Revolution PEN PC Impact of Information Technology
  • 34. The IT Revolution Virtual Keyboard Impact of Information Technology
  • 35. The IT Revolution Virtual Keyboard Impact of Information Technology
  • 36. The IT Revolution Virtual Keyboard Impact of Information Technology
  • 37. How much time we are devoting for Strategy Planning RoutineCompliance
  • 38. Challenges for Company Secretaries An Ordinary Company Secretary 20% Strategy Problem Solving Research Management Representation Coordination 80% Notices Registers Agenda Returns Minutes Checklists Impact of Information Technology
  • 39. Use Tools available On Takeover Code Impact of Information Technology
  • 40. Use Tools Available On Corporate Compliance Management Impact of Information Technology
  • 41. Use Tools available On Incorporation Impact of Information Technology
  • 42. Use Tools available On Due Diligence Impact of Information Technology
  • 43. IT is a Powerful Tool for Company Secretaries IT Enabled Company Secretary 80% Strategy Problem Solving Research Management Representation MIS 20% Notices Registers Agenda Returns Minutes Checklists Impact of Information Technology
  • 44. IT is a Powerful Tool for Company Secretaries IT Enabled CS Does A Lot and Keeps Everyone Happy CORPORATE FINANCE & LEGAL PLANNING ACCOUNTS INVESTORS HUMAN EMPLOYEES RESOURCES PRODUCTION LENDERS & OPERATIONS MARKETING SUPPLIERS INFORMATION CUSTOMERS GOVERNMENT SOCIETY TECHNOLOGY Impact of Information Technology
  • 45. Fourth Item C-Commerce
  • 46. Teams win Matches C-Commerce
  • 47. Be it Sports or Practising Firms C-Commerce
  • 48. Global Success Call for Synergy of Brand Knowledge Capital Infrastructure Let Collaboration be Buzz Word for Us C-Commerce
  • 49. Corporate Laws Brand Economic Synergy Taxation Laws Quality Growing of Revenues Laws ServiceKnowledge Single Synergy WTO & IPR Window International Interface GrowingInfrastructure Trade Law Customers Synergy Global IT & BPO Presence Capital Management Synergy Consulting Finance and Growing Accounting Nations CS + CA + CWACommerce Collaborative Commerce + MBA + LLB C-Commerce
  • 50. Advantages of Mega Firms Risk Minimisation Wider Area of Expertise Wider Geographic Reach Firm’s Strength – Enhancing Brand Equity Active Networking and Public Relations Infrastructure Sharing Overhead Sharing Close Self Help Group Best Practices/ Expertise in Firm Management C-Commerce
  • 51. Fifth Item Success Mantra for Company Secretaries
  • 52. Mantra for Company Secretaries
  • 53. Part IMantra for Company Secretaries
  • 54. Once upon a time a rabbit and a tortoise hadan argument about who was faster. Theydecided to settle the argument with a race.They agreed on a route and started off the race. Mantra for Company Secretaries
  • 55. The Rabbit shot ahead and ran fast for sometime. Then seeing that he was far ahead of thetortoise, he thought hed sit under a tree forsome time and relax before continuing therace. He sat under the tree and soon fellasleep. Mantra for Company Secretaries
  • 56. The tortoise plodding on overtook him and soonfinished the race, emerging as the undisputedchamp. Mantra for Company Secretaries
  • 57. The Rabbit woke up and realized that hed lost therace. The moral of the story is that“Slow and Steady wins the Race” Mantra for Company Secretaries
  • 58. This is the version of the story that weve all grown up with. But then recently, someone told me a more interesting version of this story. It continues…………. Mantra for Company Secretaries
  • 59. Part IIMantra for Company Secretaries
  • 60. The Rabbit was disappointed at losing the race and Defect Prevention (Roothe did someCause Analysis). He realized that hed lost therace only because he had been overconfident,careless and negligent. Mantra for Company Secretaries
  • 61. If he had not taken things for granted, theres no waythe tortoise could have beaten him. So hechallenged the tortoise to another race. The tortoiseagreed. Mantra for Company Secretaries
  • 62. This time, the rabbit went all out and ran withoutstopping from start to finish. He won by several miles. Mantra for Company Secretaries
  • 63. The moral of the story?Fast and consistent will always beat the slow and steady. Mantra for Company Secretaries
  • 64. But the story doesnt end here…….. Mantra for Company Secretaries
  • 65. Part IIIMantra for Company Secretaries
  • 66. The tortoise did some thinking this time, and realisedthat theres no way he can beat the rabbit in a racethe way it was currently formatted. Mantra for Company Secretaries
  • 67. He thought for a while, and then challengedthe rabbit to another race, but on a slightlydifferent route. Mantra for Company Secretaries
  • 68. The rabbit agreed. They started off. In keeping withhis self-made commitment to be consistently fast,the rabbit took off and ran at top speed until hecame to a broad river. Mantra for Company Secretaries
  • 69. The finishing line was a couple of kilometers on theother side of the river. Mantra for Company Secretaries
  • 70. The rabbit sat there wondering what to do. In themeantime the tortoise trundled along, got into theriver, swam to the opposite bank, continued walkingand finished the race. Mantra for Company Secretaries
  • 71. The moral of the story?First identify your core competencyand then change the playing field to suit your core competency. Mantra for Company Secretaries
  • 72. The story still hasnt ended. Mantra for Company Secretaries
  • 73. Part IVMantra for Company Secretaries
  • 74. The rabbit and the tortoise, by this time, had becomepretty good friends and they did some thinkingtogether. Both realised that the last race could havebeen run much better. Mantra for Company Secretaries
  • 75. So they decided to do the last race again, but to runas a team this time. Mantra for Company Secretaries
  • 76. They started off, and this time the rabbit carried thetortoise till the riverbank. There, the tortoise took overand swam across with the rabbit on his back. Mantra for Company Secretaries
  • 77. On the opposite bank, the rabbit again carried thetortoise and they reached the finishing line together.They both felt a greater sense of satisfaction thantheyd felt earlier. Mantra for Company Secretaries
  • 78. The moral of the story? •Its good to be individually brilliant and to havestrong core competencies; but unless youre able to work in a team and harness each others core competencies,• Youll always perform below par because there will always be situations at which youll do poorly and someone else does well. Mantra for Company Secretaries
  • 79. Teamwork is mainly about Situational Leadership, letting the person with therelevant core competency for a situation take leadership. Mantra for Company Secretaries
  • 80. There are more lessons to be learnt from this story. Mantra for Company Secretaries
  • 81. Note that neither the rabbit nor the tortoise gave upafter failures. The rabbit decided to work harder and put in more effort after his failure. Mantra for Company Secretaries
  • 82. The tortoise changed his strategy because he wasalready working as hard as he could. In life, when faced with failure, sometimes it is appropriate to work harder and put in more effort. Mantra for Company Secretaries
  • 83. Sometimes it is appropriate to change strategy and try something different. And sometimes it is appropriate to do both. Mantra for Company Secretaries
  • 84. The rabbit and the tortoise also learnt another vitallesson. When we stop competing against a rival and instead start competing against the situation, we perform far better. Mantra for Company Secretaries
  • 85. Story on“SituationalLeadership” Mantra for Company Secretaries
  • 86. When Roberto Goizuetatook over as CEO of Coca- Cola in the 1980s, he was faced with intensecompetition from Pepsi that was eating into Cokes growth. Mantra for Company Secretaries
  • 87. His executives werePepsi-focused and intent on increasing marketshare 0.1 per cent a time. Mantra for Company Secretaries
  • 88. Goizueta decided to stopcompeting against Pepsi and instead competeagainst the situation of 0.1 per cent growth. Mantra for Company Secretaries
  • 89. He asked his executiveswhat was the average fluidintake of an American per day? The answer was 14 ounces. What was Cokesshare of that? Two ounces. Goizueta said Coke needed a larger share of that market. Mantra for Company Secretaries
  • 90. The competition wasnt Pepsi. It was the water, tea, coffee,milk and fruit juices that wentinto the remaining 12 ounces.The public should reach for a Coke whenever they felt like drinking something. Mantra for Company Secretaries
  • 91. To this end, Coke put upvending machines at every street corner. Sales took a quantum jump and Pepsihas never quite caught up since. Mantra for Company Secretaries
  • 92. To sum up, the story of the Rabbit and Tortoiseteaches us many things. Important lessons are: That fast and consistent will always beat slow and steady; work to your competencies; pooling resources and working as a team will always beat individual performers; never give up when faced with failure; and finally, compete against the situation. Not against a rival. Opportunities Are Unlimited
  • 93. Everyone has a DREAM And Everyone wants to ACHIEVE it How?
  • 94. To teach you the some of the lessons from the treasure called life Let me share a story with you on ACHIEVING YOUR DREAMS… Mantra for Company Secretaries
  • 95. The story about the tiny frogs.... Mantra for Company Secretaries
  • 96. There once was a bunch of tiny frogs... ... who arranged a running competition.The goal was to reach the top of a very high tower. Mantra for Company Secretaries
  • 97. A big crowd had gathered around the tower to seethe race and cheer on the contestants... The race began... Mantra for Company Secretaries
  • 98. Honestly: No one in crowd really believed that thetiny frogs would reach the top of the tower. You heard statements such as: "Oh, WAY too difficult!! They will NEVER make it to the top." or: "Not a chance that they will succeed. The tower is too high!" Mantra for Company Secretaries
  • 99. The tiny frogs began collapsing. One by one... Mantra for Company Secretaries
  • 100. ... Except for those who in a fresh tempo were climbing higher and higher... Mantra for Company Secretaries
  • 101. The crowd continued to yell"It is too difficult!!! No one will make it!" Mantra for Company Secretaries
  • 102. More tiny frogs got tired and gave up......But ONE continued higher and higher and higher... Mantra for Company Secretaries
  • 103. This one wouldnt give up! Mantra for Company Secretaries
  • 104. At the end everyone else had given up climbing the tower. Except for the one tiny frog who after a big effort was the only one who reached the top! THEN all of the other tiny frogs naturallywanted to know how this one frog managed to do it? Mantra for Company Secretaries
  • 105. contestant asked the tiny frog how the one who succeeded had found the strength to reach the goal? It turned out... Mantra for Company Secretaries
  • 106. That the winner was DEAF!!!! Mantra for Company Secretaries
  • 107. It turned out... That the winner was DEAF!!!! The wisdom of this story is: Never listen to other peoples tendencies to be negative or pessimistic......cause they take your most wonderful dreams and wishes away from you.... The ones you have in your heart! Mantra for Company Secretaries
  • 108. Always think of the power words have.Because everything you hear and read will affect your actions! Therefore: ALWAYS be... POSITIVE! Mantra for Company Secretaries
  • 109. And above all:Be DEAF when people tell YOU that YOU can not fulfil YOUR dreams! Always think: I CAN DO THIS! Mantra for Company Secretaries
  • 110. Sixth Item Opportunities are Unlimited
  • 111. Leaders Create Opportunitiesand keep growing higher and higher… Opportunities Are Unlimited
  • 112. Incompetents wait for Opportunities and they keep on waiting… Opportunities Are Unlimited
  • 113. Its just a matter ofCreativity, Confidence and Communication Opportunities Are Unlimited
  • 114. …and also Perception and Positive Thinking Opportunities Are Unlimited
  • 115. Now……. you will become “ACS” Opportunities Are Unlimited
  • 116. We should understand the Role of Both “ICSI & You” Opportunities Are Unlimited
  • 117. Finally Profession is like a Car Race Opportunities Are Unlimited
  • 118. ICSI helps YouDesign the Car Opportunities Are Unlimited
  • 119. ICSI guides youThe Road Ahead Opportunities Are Unlimited
  • 120. ICSI teaches youHow to Drive the Car Opportunities Are Unlimited
  • 121. ICSI makes rules for Safe Driving Opportunities Are Unlimited
  • 122. ICSI gives youLicense to Drive Opportunities Are Unlimited
  • 123. Its YOUwho have to actuallydrive the car safely and win the race Opportunities Are Unlimited