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Corporate Excellence Through Corporate Governance
 

Corporate Excellence Through Corporate Governance

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This presentation deals with Corporate Governance framework and principles of Corporate Governance. It further enumerates how Corporate Governance leads to corporate excellence.

This presentation deals with Corporate Governance framework and principles of Corporate Governance. It further enumerates how Corporate Governance leads to corporate excellence.

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    Corporate Excellence Through Corporate Governance Corporate Excellence Through Corporate Governance Presentation Transcript

    • Corporate Excellence through Corporate Governance
      Pavan Kumar Vijay
      Immediate Past President, ICSI
      MD, Corporate Professionals
    • Corporate Governance rests with the Vision and Perception of the Leadership
    • and
      A Leader need to adopt a
      Vision for Corporate Governance
    • application of best
      management practices,
      compliance of law in letter
      and spirit and
      for sustainable
      development of all stakeholders”
      Corporate Governance
      ”Corporate Governance is the
      adherence to ethical standards
      for effective management and distribution of wealth
      and discharge of social responsibility
      The Institute of Company Secretaries of India
    • Wealth Creation
      Wealth Management
      Wealth Sharing
      ?
      Distribu- tion
      Happiness and
      Prosperity of all
      Stakeholders
      Output – Input
      = Wealth Created
      • SUPPLIERS
      Adequate Returns
      • HUMAN ASSETS
      Adequate
      Remuneration
      • CUSTOMERS
      Affordable Prices
      • PUBLIC
      Payment of Taxes and Partnership in National Development Projects
      Reinvestment
      Enhanced
      Capabilities
      Sustainability
      • Research and
      Development
      • HR Development
      • Infrastructure
      • Risk Management
      Best Management Practices are Vital Here
      Law and Ethics are Vital Here
      Corporate Governance Framework
    • ROLE OF STAKEHOLDERS
      Supply Funds, Materials and Services
      Value Addition and Management of Resources
      Give Opportunity to Co. to Satisfy their Needs
      SUPPLIERS
      CUSTOMERS
      HUMAN RESOURCE
      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
      EXPECTATIONS OF STAKEHOLDERS
      PUBLIC
      Potential Suppliers, Human Resources and Customers
      Biological, Economic and Cultural Environment
      PUBLIC EXPECTS PARTNERHIP FOR SUSTAINABLE DEVELOPMENT
      Stakeholders in Value Chain
    • 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 – Round the Clock
    • Infact, these principles are the foundation of
      Best Governed Organisations
      irrespective of their form and size
    • Advantages of applying
      Best Corporate Governance Practices
    • Growing Revenues
      Growing Profits
      Growth
      Growing Market Value
    • Ready Market for New Products
      Widening Customer Base
      Widespread Goodwill and Brand Reputation
      Access to Global Markets
      Better Access to Human Capital
    • CUSTOMERS
      INVESTORS
      EMPLOYEES
      Enhanced Trust and Confidence of all Stakeholders
      GOVERNMENT AND
      REGULATORS
      SOCIETY
      SUPPLIERS
    • Leading to…
    • Environment
      SUSTAINABLE
      DEVELOPMENT
      Business Society
      Civil Society
    • Commitment to well-being and progress of all stakeholders is our age old mantra
    • Satyam Vada Dharmam Chara
      - Taittariya Upanishad
    • “Forever speak thetruth and follow thedharma”
    • Truth : Disclosure of Actual State of Affairs (Transparency in operations and transactions)
    • Dharma: “Dharma is for the stability of society, the maintenance of social order and the general well-being and progress of humankind.”
      - Karna Parva of the Mahabharata. Verse-58 in Chapter 69
    • Governance Concept in ‘Ramayana’
      To provide “the maximum happiness for the maximum number of people for the maximum period, based on the principles of Dharma – righteousness and moral values.”
      - Ayodhya Kand
    • - Mahatma Gandhi
      “The Customer is King”
    • This is the soul behind modern
      Marketing Management
    • Worshipping 33 Crore Godheads
      signifying various species, plants,
      cosmic elements, …
    • Care for Panchtatvas - Prithvi, Jal, Vaayu, AkaashandAgnithat 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
    • Corporates are also expected to use their
      Capacity, Knowledge and Resources
      TOWARDS
      Dharma
      Maximisation of stakeholders’ value and well-being and progress of humankind
      THROUGH
      Truth
      Transparency, accountability and truthful disclosure of state of affairs
    • This is our own age old mantra of
      Good Governance
    • Companies that have followed these
      principles of
      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 ‘achievers’ than just ‘performers’
    • Dealt ethically with customers, government and business partners
    • Maintained and updated their professional management culture, system and processes
    • ..and accomplished
    • WINNING
      EMPLOYEES
      GROWING
      INVESTORS
      DELIGHTED
      CUSTOMERS
      HAPPY
      SOCIETY
      XCELLENCE
      TRUSTED
      SUPPLIERS
      SATISFIED
      GOVERNMENT AND
      REGULATORS
    • Corporate Excellence and Professional AccountabilityFor Better Leadership
      Leaders need to strive for excellence in Corporate Governance because
    • National Excellence
      Excellence in Corporate Governance leads to National Excellence
      Social Excellence
      Corporate Excellence
      Excellence in Corporate Governance
    • Professionals
      are acting
      as
      Catalyst
      in applying
      best practices in
      Corporate Governance
    • Professionals are adequately developed to take this challenging job
    • We all Professionals must also bind ourselves by a
      Code of Conduct
    • Integrity
      Independence
      Thus ensuring highest level of
      Excellence
      Innovation
    • Opportunities to serve the Nation are unlimited
    • All you need to do is:
      Understand Industry Needs
      Gain ‘Substantial Knowledge of Management’ – Learning little more than what is included in the course curriculum
      Provide PQRS – Productivity, Quality, Reliability and Service
      Use 3Cs - Creativity, Confidence and Communication
      Conduct Periodical SWOT Analysis of Self
      Use Technology to Beat Technology
    • TOURISM AND HOTEL
      CAPITAL MARKET AND
      ITS INTERMEDIARIES
      FINANCIAL SERVICES
      TEXTILES
      BANKING AND NBFCS
      Gain Knowledge of Industry
      IT ENABLED
      SERVICES AND BPO
      DRUGS, PHARMA
      AND HEALTHCARE
      IT SOLUTIONS
      CAPITAL GOODS
      INFRASTRUCTURE,
      POWER AND TELECOM
      AGRICULTURE AND
      FOOD PROCESSING
      MEDIA AND
      ENTERTAINMENT
      HOUSING AND
      CONSTRUCTION
      FMCG
    • STRATEGY
      SECRETARIAL
      AND LEGAL
      FINANCIAL AND
      ACCOUNTS
      Gain Knowledge of Management Functions
      HUMAN
      RESOURCES
      CORPORATE
      COMMUNICATION
      R&D AND
      PRODUCTION
      INFORMATION
      TECHNOLOGY
      MARKETING
    • Providing PQRS
      Productivity – Nation expects you to use resources in most profitable manner
      Quality – There is no compromise on quality
      Reliability – Companies require trust in abilities and loyalty to company all the time
      Service – Value Added Services with courtesy and smile is absolute necessity
    • Using 3Cs
      Creativity – Innovation is the critical success factor
      Confidence – Believe in Yourself (Yes, You Can Do It)
      Communication – It is how you make people know about your creativity and confidence. It is Communication that creates opportunities.
    • Periodical SWOT Analysis
      Strengths: What are my strengths?
      Weaknesses: What are my weaknesses?
      Opportunities: What are new opportunities?
      Threats: What are new threats?
      So that you can CHANGE with the TIME
    • Use Technology to Beat Technology
      Internet and E-commerce
      Enterprise Resource Planning (ERP)
      ERP and CRM Tools for Practicing Consultants
      Data Warehousing and Data Mining
      Computer Based Complex Business Analysis Models
      There are many more...
    • Co-operate instead of Competing
    • Optimism Comes from Co-operation
    • It’s a matter ofPerception and Positive Thinking
    • Thank You