Exploring Opportunities

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The presentations explains the role of company secretaries in implementing compliance management system in an organisation and the opportunities available to them like corporate governance, …

The presentations explains the role of company secretaries in implementing compliance management system in an organisation and the opportunities available to them like corporate governance, collaborative commerce and increasing role of information technology.

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  • 1. Exploring
    Opportunities
    FEB 2009
    Pavan Kumar Vijay,
    Past President, ICSI,
    Managing Director
  • 2.
  • 3. Who We Are?
    “Professional”
    “Company Law Secretary”
    “Company Secretary”
  • 4. Whether Individual Branding of Company Secretary is ?
  • 5. Some Myth and Queries…………….
    are still there in the minds of Company Secretaries
    • What is the Role of Company Secretary?
    • 6. Whether this Degree is sufficient?
    • 7. What type of profile I will get?
  • First Item
    Who is
    Company Secretary
  • 8. DIR A
    DIR B
    DIR C
    DIR D
    DIR E
    INVESTORS
    CUSTOMERS
    GOVERNMENT AND
    REGULATORS
    SUPPLIERS
    SOCIETY
    LENDERS
    BOARD OF DIRECTORS
    COMPANY POLICIES
    EXTERNAL STAKEHOLDERS
    DEPARTMENTS IN A COMPANY
    CORPORATE
    PLANNING
    LEGAL
    FINANCE AND
    ACCOUNTS
    HUMAN
    RESOURCES
    CORPORATE
    COMMUNICATION
    PRODUCTION
    AND OPERATIONS
    MARKETING
    INFORMATION
    TECHNOLOGY
    OPERATIONAL PLANNING AND EXECUTION
    Who is Company Secretary
  • 9. 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
  • 10. DIR A
    DIR B
    DIR C
    DIR D
    DIR E
    INVESTORS
    CUSTOMERS
    GOVERNMENT AND
    REGULATORS
    SUPPLIERS
    SOCIETY
    LENDERS
    BOARD OF DIRECTORS
    CS is the Principal Officer of the Company
    COMPANY POLICIES
    COMPANY
    SECRETARY
    EXTERNAL STAKEHOLDERS
    DEPARTMENTS IN A COMPANY
    CORPORATE
    PLANNING
    LEGAL
    FINANCE AND
    ACCOUNTS
    HUMAN
    RESOURCES
    CORPORATE
    COMMUNICATION
    PRODUCTION
    AND OPERATIONS
    MARKETING
    INFORMATION
    TECHNOLOGY
    OPERATIONAL PLANNING AND EXECUTION
    Who is Company Secretary
  • 11. 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
  • 12. SUSTAINABLE GROWTH
    Company Secretary in Employment
    Ethics and
    Mutual Trust
    Regulatory
    Compliances
    Management
    Functions
    COMPANY SECRETARY
    navigates the
    CORPORATE GROWTH
    with
    GOOD GOVERNANCE
    Company
    Policies
    Who is Company Secretary
  • 13. 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
  • 14. Company Secretary is a
    Special Kind of Generalist
    who contributes significantly in all
    departments of the Company
    Who is Company Secretary
  • 15. Knowledge of both Management and Law becomes his USP and Core Competence
    Who is Company Secretary
  • 16. Whether Degree of Company Secretaryaloneis Sufficient?
    Who is Company Secretary
  • 17. Who is Company Secretary
  • 18. Second Item
    Segment wise role of
    Company Secretary
  • 19. Specialization of Company Secretaries
    vary from Segment to Segment
    Segment wise role of Company Secretary
  • 20. CORPORATE
    GOVERNANCE
    AUDIT
    ADVISORY
    REPRESENTATION
    COMPLIANCES
    DOCUMENTATION
    DUE DILIGENCE
    Different Services
    Segment wise role of Company Secretary
  • 21. Different Knowledge Areas
    IPR & GENERAL
    BUSINESS LAWS
    STRATEGIC
    MANAGEMENT
    CORPORATE AND
    SECURITIES LAWS
    INTERNATIONAL
    TRADE LAW
    FINANCE, ACCOUNTs
    AND TAXATION
    ENVIRONMENT
    LAWS
    IT AND
    CYBER LAWS
    HRD AND
    INDUSTRIAL LAWS
    Segment wise role of Company Secretary
  • 22. Different Corporate Structures
    Semi-government
    Organisation
    Listed Public
    Companies
    Municipal Boards
    Unlisted Public
    Companies
    Private Limited
    Companies
    Coop Societies And
    Producer Companies
    Public Sector
    Undertakings
    Trusts And NGOs
    Unexplored Organisations
    Segment wise role of Company Secretary
  • 23. Different Industries
    Tourism And Hotel
    Capital Market And
    Its Intermediaries
    Financial Services
    Textiles
    Banking And NBFC
    IT Enabled
    Services And BPO
    Drugs, Pharma
    And Healthcare
    IT Solutions
    Capital Goods
    Infrastructure,
    Power And Telecom
    Agriculture And
    Food Processing
    Media And
    Entertainment
    Engineering and
    Construction
    FMCG
    Segment wise role of Company Secretary
  • 24. Different Scales of Operations
    LARGE
    SCALE
    MEDIUM
    SCALE
    SMALL
    SCALE
    Segment wise role of Company Secretary
  • 25. Different Geographies
    Global Operations
    Indian Operations
    Segment wise role of Company Secretary
  • 26. Time Has Come to Go Global
    Segment wise role of Company Secretary
  • 27. Globalization of trade in goods and services
    will increase demand in foreign countries
    Segment wise role of Company Secretary
  • 28. 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
  • 29. Third Item
    Impact of
    Information Technology
  • 30. The IT Revolution
    How IT can change the
    Professionals Life
    Impact of Information Technology
  • 31. The IT Revolution
    A thought few years back….
    which has become a reality now!!!
    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
    PEN PC
    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. The IT Revolution
    Virtual Keyboard
    Impact of Information Technology
  • 38. Strategy
    Planning
    Routine
    Compliance
    How much time we are devoting for
  • 39. 20%
    Problem Solving
    Strategy
    Management
    Research
    80%
    Coordination
    Representation
    Registers
    Notices
    Returns
    Agenda
    Checklists
    Minutes
    Challenges for Company Secretaries
    An Ordinary Company Secretary
    I Don't Have Time
    Impact of Information Technology
  • 40. Use Tools available
    On Takeover Code
    Impact of Information Technology
  • 41. Use Tools Available
    On Corporate Compliance Management
    Impact of Information Technology
  • 42. Use Tools available
    On Incorporation
    Impact of Information Technology
  • 43. Use Tools available
    On Due Diligence
    Impact of Information Technology
  • 44. 80%
    Problem Solving
    Strategy
    Management
    Research
    20%
    MIS
    Representation
    Registers
    Notices
    Returns
    Agenda
    Checklists
    Minutes
    IT is a Powerful Tool for Company Secretaries
    IT Enabled Company Secretary
    Give Me More Work
    Impact of Information Technology
  • 45. IT is a Powerful Tool for Company Secretaries
    IT Enabled CS Does A Lot and
    Keeps Everyone Happy
    CORPORATE
    PLANNING
    LEGAL
    FINANCE &
    ACCOUNTS
    INVESTORS
    HUMAN
    RESOURCES
    EMPLOYEES
    PRODUCTION
    & OPERATIONS
    LENDERS
    MARKETING
    SUPPLIERS
    GOVERNMENT
    SOCIETY
    CUSTOMERS
    INFORMATION
    TECHNOLOGY
    Impact of Information Technology
  • 46. Fourth Item
    C-Commerce
  • 47. Teams win Matches
    C-Commerce
  • 48. Be it Sports or Practising Firms
    C-Commerce
  • 49. Global Success Call for Synergy of
    Brand
    Knowledge
    Capital
    Infrastructure
    Let Collaboration be Buzz Word for Us
    C-Commerce
  • 50. Corporate
    Laws
    Economic
    Laws
    Taxation
    Laws
    WTO & IPR
    International
    Trade Law
    IT & BPO
    Management
    Consulting
    Finance and
    Accounting
    Brand
    Synergy
    Quality
    of
    Service
    Growing Revenues
    Knowledge
    Synergy
    Single
    Window
    Interface
    Growing Customers
    Infrastructure
    Synergy
    Global
    Presence
    Capital
    Synergy
    Growing Nations
    Commerce
    CS + CA + CWA + MBA + LLB
    Collaborative Commerce
    C-Commerce
  • 51. 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
  • 52. Fifth Item
    Success Mantra for
    Company Secretaries
  • 53. A New Story of
    the Rabbit and Tortoise
    Mantra for Company Secretaries
  • 54. Part I
    Mantra for Company Secretaries
  • 55. Once upon a time a rabbit and a tortoise had an argument about who was faster. They decided to settle the argument with a race. They agreed on a route and started off the race.
    Mantra for Company Secretaries
  • 56. The Rabbit shot ahead and ran fast for some time. Then seeing that he was far ahead of the tortoise, he thought he'd sit under a tree for some time and relax before continuing the race. He sat under the tree and soon fell asleep.
    Mantra for Company Secretaries
  • 57. The tortoise plodding on overtook him and soon finished the race, emerging as the undisputed champ.
    Mantra for Company Secretaries
  • 58. The Rabbit woke up and realized that he'd lost the race.
    The moral of the story is that
    “Slow and Steady wins the Race”
    Mantra for Company Secretaries
  • 59. This is the version of the story that we've all grown up with.
    But then recently, someone told me a more interesting version of this story. It continues………….
    Mantra for Company Secretaries
  • 60. Part II
    Mantra for Company Secretaries
  • 61. The Rabbit was disappointed at losing the race and he did some Defect Prevention (Root Cause Analysis). He realized that he'd lost the race only because he had been overconfident, careless and negligent.
    Mantra for Company Secretaries
  • 62. If he had not taken things for granted, there's no way the tortoise could have beaten him. So he challenged the tortoise to another race. The tortoise agreed.
    Mantra for Company Secretaries
  • 63. This time, the rabbit went all out and ran without stopping from start to finish. He won by several miles.
    Mantra for Company Secretaries
  • 64. The moral of the story?
    Fast and consistent will always beat the slow and steady.
    Mantra for Company Secretaries
  • 65. But the story doesn't end here……..
    Mantra for Company Secretaries
  • 66. Part III
    Mantra for Company Secretaries
  • 67. The tortoise did some thinking this time, and realised that there's no way he can beat the rabbit in a race the way it was currently formatted.
    Mantra for Company Secretaries
  • 68. He thought for a while, and then challenged the rabbit to another race, but on a slightly different route.
    Mantra for Company Secretaries
  • 69. The rabbit agreed. They started off. In keeping with his self-made commitment to be consistently fast, the rabbit took off and ran at top speed until he came to a broad river.
    Mantra for Company Secretaries
  • 70. The finishing line was a couple of kilometers on the other side of the river.
    Mantra for Company Secretaries
  • 71. The rabbit sat there wondering what to do. In the meantime the tortoise trundled along, got into the river, swam to the opposite bank, continued walking and finished the race.
    Mantra for Company Secretaries
  • 72. The moral of the story?
    First identify your core competency and then change the playing field to suit your core competency.
    Mantra for Company Secretaries
  • 73. The story still hasn't ended.
    Mantra for Company Secretaries
  • 74. Part IV
    Mantra for Company Secretaries
  • 75. The rabbit and the tortoise, by this time, had become pretty good friends and they did some thinking together. Both realised that the last race could have been run much better.
    Mantra for Company Secretaries
  • 76. So they decided to do the last race again, but to run as a team this time.
    Mantra for Company Secretaries
  • 77. They started off, and this time the rabbit carried the tortoise till the riverbank. There, the tortoise took over and swam across with the rabbit on his back.
    Mantra for Company Secretaries
  • 78. On the opposite bank, the rabbit again carried the tortoise and they reached the finishing line together. They both felt a greater sense of satisfaction than they'd felt earlier.
    Mantra for Company Secretaries
  • 79. The moral of the story?
    • It's good to be individually brilliant and to have strong core competencies; but unless you're able to work in a team and harness each other's core competencies,
    • 80. You'll always perform below par because there will always be situations at which you'll do poorly and someone else does well.
    Mantra for Company Secretaries
  • 81. Teamwork is mainly about Situational Leadership, letting the person with the relevant core competency for a situation take leadership.
    Mantra for Company Secretaries
  • 82. There are more lessons to be learnt from this story.
    Mantra for Company Secretaries
  • 83. Note that neither the rabbit nor the tortoise gave up after failures. The rabbit decided to work harder and put in more effort after his failure.
    Mantra for Company Secretaries
  • 84. The tortoise changed his strategy because he was already 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
  • 85. Sometimes it is appropriate to change strategy and try something different. And sometimes it is appropriate to do both.
    Mantra for Company Secretaries
  • 86. The rabbit and the tortoise also learnt another vital lesson. When we stop competing against a rival and instead start competing against the situation, we perform far better.
    Mantra for Company Secretaries
  • 87. Story
    on
    “Situational Leadership”
    Mantra for Company Secretaries
  • 88. When Roberto Goizueta took over as CEO of Coca-Cola in the 1980s, he was faced with intense competition from Pepsi that was eating into Coke's growth.
    Mantra for Company Secretaries
  • 89. His executives were Pepsi-focused and intent on increasing market share 0.1 per cent a time.
    Mantra for Company Secretaries
  • 90. Goizueta decided to stop competing against Pepsi and instead compete against the situation of 0.1 per cent growth.
    Mantra for Company Secretaries
  • 91. He asked his executives what was the average fluid intake of an American per day? The answer was 14 ounces. What was Coke's share of that? Two ounces. Goizueta said Coke needed a larger share of that market.
    Mantra for Company Secretaries
  • 92. The competition wasn't Pepsi. It was the water, tea, coffee, milk and fruit juices that went into the remaining 12 ounces. The public should reach for a Coke whenever they felt like drinking something.
    Mantra for Company Secretaries
  • 93. To this end, Coke put up vending machines at every street corner. Sales took a quantum jump and Pepsi has never quite caught up since.
    Mantra for Company Secretaries
  • 94. To sum up, the story of the Rabbit and Tortoise teaches 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
  • 95. Everyone has a DREAM
    And
    Everyone wants to ACHIEVE it
    How?
  • 96. 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
  • 97. The story about the tiny frogs....
            
    Mantra for Company Secretaries
  • 98. 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
  • 99. A big crowd had gathered
    around the tower to see
    the race and cheer on the contestants...
                      
    The race began...
                                                     
    Mantra for Company Secretaries
  • 100. Honestly:
    No one in crowd really believed that the
    tiny 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
  • 101. The tiny frogs began collapsing. One by one...
    Mantra for Company Secretaries
  • 102. ... Except for those who in a fresh tempo
    were climbing higher and higher...
                            
    Mantra for Company Secretaries
  • 103. The crowd continued to yell
    "It is too difficult!!! No one will make it!"
    Mantra for Company Secretaries
  • 104. More tiny frogs got tired and gave up...
    ...But ONE continued higher and higher and higher...
    Mantra for Company Secretaries
  • 105. This one wouldn't give up!
    Mantra for Company Secretaries
  • 106. 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 naturally
    wanted to know how this one frog managed to do it?
    Mantra for Company Secretaries
  • 107. 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
  • 108. That the winner was DEAF!!!!
    Mantra for Company Secretaries
  • 109. It turned out...
    That the winner was DEAF!!!!
        
    The wisdom of this story is:
        
    Never listen to other people's 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
  • 110. 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
  • 111. 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
  • 112. Sixth Item
    Opportunities are Unlimited
  • 113. Leaders Create Opportunities
    and keep growing higher and higher…
    Opportunities Are Unlimited
  • 114. Incompetents wait for Opportunities
    and they keep on waiting…
    Opportunities Are Unlimited
  • 115. Its just a matter of
    Creativity, ConfidenceandCommunication
    Opportunities Are Unlimited
  • 116. …and also Perception and Positive Thinking
    Opportunities Are Unlimited
  • 117. Now……. you will become
    “ACS”
    Opportunities Are Unlimited
  • 118. We should understand the Role ofBoth
    “ICSI & You”
    Opportunities Are Unlimited
  • 119. Finally Profession is like a
    Car Race
    Opportunities Are Unlimited
  • 120. ICSIhelps You
    Design the Car
    Opportunities Are Unlimited
  • 121. ICSIguides you
    The Road Ahead
    Opportunities Are Unlimited
  • 122. ICSI teaches you
    How to Drive the Car
    Opportunities Are Unlimited
  • 123. ICSI makes rules for
    Safe Driving
    Opportunities Are Unlimited
  • 124. ICSIgives you
    License to Drive
    Opportunities Are Unlimited
  • 125. Its YOU
    who have to actually
    drive the car safely
    and win the race
    Opportunities Are Unlimited
  • 126. Thank You