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Lecture on cg nirc icsi
1. Corporate Excellence through Corporate Governance Pavan Kumar Vijay Immediate Past President, ICSI MD, Corporate Professionals
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4. The Institute of Company Secretaries of India ā Corporate Governance is the adherence to ethical standards for effective management and distribution of wealth and discharge of social responsibility Corporate Governance application of best management practices, compliance of law in letter and spirit and for sustainable development of all stakeholdersā
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6. Stakeholders in Value Chain SUPPLIERS CUSTOMERS HUMAN RESOURCE Supply Funds, Materials and Services Value Addition and Management of Resources Give Opportunity to Co. to Satisfy their Needs Adequate Returns for Funds, Material and Services Supplied Adequate Salary and Security for leading a Happy Life Best Quality Products and Customer Care at Minimum Prices ROLE OF STAKEHOLDERS EXPECTATIONS OF STAKEHOLDERS Potential Suppliers, Human Resources and Customers Biological, Economic and Cultural Environment PUBLIC PUBLIC EXPECTS PARTNERHIP FOR SUSTAINABLE DEVELOPMENT
7. Principles of Corporate Excellence Fairness to all stakeholders Mutual Trust, Transparency and Togetherness Unrestricted Communication and Continuous Feedback Sharing Knowledge, Success Stories and Experience Sharing Happiness and Concerns Helping Each Other ā Round the Clock
8. Infact, these principles are the foundation of Best Governed Organisations irrespective of their form and size
26. The four essential principles of Mahatma Gandhi's philosophy Truth , Ahimsa , Trusteeship and Constructive Action
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36. WINNING EMPLOYEES XCELLENCE GROWING INVESTORS DELIGHTED CUSTOMERS TRUSTED SUPPLIERS SATISFIED GOVERNMENT AND REGULATORS HAPPY SOCIETY
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38. Excellence in Corporate Governance Corporate Excellence Social Excellence National Excellence Excellence in Corporate Governance leads to National Excellence
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45. Gain Knowledge of Industry MEDIA AND ENTERTAINMENT INFRASTRUCTURE, POWER AND TELECOM IT SOLUTIONS IT ENABLED SERVICES AND BPO TEXTILES TOURISM AND HOTEL CAPITAL MARKET AND ITS INTERMEDIARIES HOUSING AND CONSTRUCTION FMCG AGRICULTURE AND FOOD PROCESSING CAPITAL GOODS DRUGS, PHARMA AND HEALTHCARE BANKING AND NBFCS FINANCIAL SERVICES
46. Gain Knowledge of Management Functions CORPORATE COMMUNICATION STRATEGY SECRETARIAL AND LEGAL FINANCIAL AND ACCOUNTS HUMAN RESOURCES INFORMATION TECHNOLOGY MARKETING R&D AND PRODUCTION
A very good Evening to all of you Distinguished Chief Guest Shri L K Advani, Honāble Deputy Prime Minister of India, Justice Shri M N Venkatachalliah, Shri M M K Sardana, Shri G N Bajpai, Shri S Gangopadhyay, Shri N K Jain, Members of the Jury, My Fellow Council Members, Senior Government officials, Corporate Executives, Invitees, Members of Profession, Students, Ladies and Gentlemen.
Ladies and Gentlemen Corporate Governance rests with the Vision and Perception of the Corporate Leadership
and The ICSI has adopted a Vision for Corporate Governance itself
The ICSI Parivar follows principles based on ethics and humanity Fairness to all stakeholders Mutual Trust, Transparency and Togetherness Unrestricted Communication and Continuous Feedback Sharing Knowledge, Success Stories and Experience Sharing Happiness and Concerns Helping Each Other ā Round the Clock
In fact, these basic principles are the foundation of Best Governed Organisations, irrespective of their form and size
Corporate Governance is not a buzzword, there are so many advantages of applying good corporate governance practices
The first advantage is GROWTH Growing Revenues Growing Profits Growing Market Value
Companies get Widespread Goodwill and Brand Reputation, resulting into Widening Customer Base Ready Market for New Products Access to Global Markets, and Better Access to Human Capital
and Enhanced Trust and Confidence of all Stakeholders INVESTORS EMPLOYEES CUSTOMERS SUPPLIERS GOVERNMENT AND REGULATORS, and SOCIETY at large
Leading toā¦
SUSTAINABLE DEVELOPMENT
Ladies and Gentlemen Commitment to well-being and progress of all stakeholders is our age old mantra
Taittariya Upanishad, which has for ages strengthened our centres of education, contains invaluable advice to students passing out from an institute of learning - Satyam Vada Dharmam Chara
ā Forever speak the truth and follow the dharmaā
Truthful disclosure of State of Affairs i.e. transparency operations and transactions.
In the Karna Parva of the Mahabharata Chapter 69 says: Dharma is for the stability of society, the maintenance of social order and the general well-being and progress of humankind i.e. the Overall Governance
In Ayodhya Kand of Ramayana, Lord Rama explains the concept of Governance as ā to provide the maximum happiness for the maximum number of people for the maximum period, based as it is on the principles of Dharma ārighteousness and moral values.ā
Mahatma Gnadhi said āThe Customer is Kingā
This is the soul behind modern Marketing Management
We have been worshipping 33 Crore Gods signifying various species, plants, cosmic elements, ā¦ or 33 Crore Components of Nature.
We Care for Panchtatvas - Prithvi, Jal, Vaayu, Akaash and Agni that make a human being
This is our approach to Environment Protection.
The four essential principles of Mahatma Gandhi's philosophy - Truth, Ahimsa, Trusteeship and Constructive Action are widely quoted the worldover. Gandhi said we don't own the talent but we are appointedĀ "Trustees" by God and so we must use the talent to help others, less fortunate or talented than us. The Board of Director being Trustees should work with highest level of integrity and independence and strive for growth of all stakeholders.
Similarly, Corporates are also expected to use their Capacity, Knowledge and Resources towards maximisation stakeholdersā value and well-being and progress of humankind (i.e. Dharma) through Transparency, accountability and truthful disclosure of state of affairs (i.e.Truth)
This is our own age old mantra of Good Governance.
Ladies and Gentlemen Companies that have won ICSI National Award for Excellence in Corporate Governance have
Consistently earned high returns, increased their net worth and enhanced their shareholders wealth
Invested significantly in proactive research and development
Developed people into āachieversā than just āperformersā
Dealt ethically with customers, government and business partners
Maintained and updated their professional management culture, system and processes
..and accomplished
Growing Investors Winning Employees Delighted Customers Trusted Suppliers Satisfied Government And Regulators Happy Society That is Excellence, which everyone aspires for and that leads to National Growth
Company Secretaries are adequately developed to take this challenging job Course Curriculum Focuses on Essentials of Corporate Governance i.e. Coverage of both Management Practices and Law Extensive Pre-Membership Training Compulsory Continuing Education PMQ and Short Term Courses
Ladies and Gentlemen It gives me great pleasure to tell you that Company Secretaries are acting as Catalyst in applying this mantra of Good Corporate Governance
Ladies and Gentlemen It gives me great pleasure to tell you that Company Secretaries are acting as Catalyst in applying this mantra of Good Corporate Governance
Company Secretaries are adequately developed to take this challenging job Course Curriculum Focuses on Essentials of Corporate Governance i.e. Coverage of both Management Practices and Law Extensive Pre-Membership Training Compulsory Continuing Education PMQ and Short Term Courses
Company Secretaries are also bound by the strict Code of Conduct
Thus ensuring highest level of Integrity Independence Excellence and Innovation
Thus ensuring highest level of Integrity Independence Excellence and Innovation
Thus ensuring highest level of Integrity Independence Excellence and Innovation
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