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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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    Exploring Opportunities Exploring Opportunities Presentation Transcript

    • Exploring
      Opportunities
      FEB 2009
      Pavan Kumar Vijay,
      Past President, ICSI,
      Managing Director
    • Who We Are?
      “Professional”
      “Company Law Secretary”
      “Company Secretary”
    • Whether Individual Branding of Company Secretary is ?
    • 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?
    • First Item
      Who is
      Company Secretary
    • 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
    • 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
    • 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
    • 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
    • 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
    • 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
    • Company Secretary is a
      Special Kind of Generalist
      who contributes significantly in all
      departments of the Company
      Who is Company Secretary
    • Knowledge of both Management and Law becomes his USP and Core Competence
      Who is Company Secretary
    • Whether Degree of Company Secretaryaloneis Sufficient?
      Who is Company Secretary
    • Who is Company Secretary
    • Second Item
      Segment wise role of
      Company Secretary
    • Specialization of Company Secretaries
      vary from Segment to Segment
      Segment wise role of Company Secretary
    • CORPORATE
      GOVERNANCE
      AUDIT
      ADVISORY
      REPRESENTATION
      COMPLIANCES
      DOCUMENTATION
      DUE DILIGENCE
      Different Services
      Segment wise role of Company Secretary
    • 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
    • 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
    • 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
    • Different Scales of Operations
      LARGE
      SCALE
      MEDIUM
      SCALE
      SMALL
      SCALE
      Segment wise role of Company Secretary
    • Different Geographies
      Global Operations
      Indian Operations
      Segment wise role of Company Secretary
    • Time Has Come to Go Global
      Segment wise role of Company Secretary
    • Globalization of trade in goods and services
      will increase demand in foreign countries
      Segment wise role of Company Secretary
    • 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
    • Third Item
      Impact of
      Information Technology
    • The IT Revolution
      How IT can change the
      Professionals Life
      Impact of Information Technology
    • The IT Revolution
      A thought few years back….
      which has become a reality now!!!
      Impact of Information Technology
    • The IT Revolution
      PEN PC
      Impact of Information Technology
    • The IT Revolution
      PEN PC
      Impact of Information Technology
    • The IT Revolution
      PEN PC
      Impact of Information Technology
    • The IT Revolution
      Virtual Keyboard
      Impact of Information Technology
    • The IT Revolution
      Virtual Keyboard
      Impact of Information Technology
    • The IT Revolution
      Virtual Keyboard
      Impact of Information Technology
    • Strategy
      Planning
      Routine
      Compliance
      How much time we are devoting for
    • 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
    • Use Tools available
      On Takeover Code
      Impact of Information Technology
    • Use Tools Available
      On Corporate Compliance Management
      Impact of Information Technology
    • Use Tools available
      On Incorporation
      Impact of Information Technology
    • Use Tools available
      On Due Diligence
      Impact of Information Technology
    • 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
    • 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
    • Fourth Item
      C-Commerce
    • Teams win Matches
      C-Commerce
    • Be it Sports or Practising Firms
      C-Commerce
    • Global Success Call for Synergy of
      Brand
      Knowledge
      Capital
      Infrastructure
      Let Collaboration be Buzz Word for Us
      C-Commerce
    • 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
    • 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
    • Fifth Item
      Success Mantra for
      Company Secretaries
    • A New Story of
      the Rabbit and Tortoise
      Mantra for Company Secretaries
    • Part I
      Mantra for Company Secretaries
    • 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
    • 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
    • The tortoise plodding on overtook him and soon finished the race, emerging as the undisputed champ.
      Mantra for Company Secretaries
    • 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
    • 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
    • Part II
      Mantra for Company Secretaries
    • 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
    • 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
    • This time, the rabbit went all out and ran without stopping from start to finish. He won by several miles.
      Mantra for Company Secretaries
    • The moral of the story?
      Fast and consistent will always beat the slow and steady.
      Mantra for Company Secretaries
    • But the story doesn't end here……..
      Mantra for Company Secretaries
    • Part III
      Mantra for Company Secretaries
    • 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
    • He thought for a while, and then challenged the rabbit to another race, but on a slightly different route.
      Mantra for Company Secretaries
    • 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
    • The finishing line was a couple of kilometers on the other side of the river.
      Mantra for Company Secretaries
    • 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
    • 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
    • The story still hasn't ended.
      Mantra for Company Secretaries
    • Part IV
      Mantra for Company Secretaries
    • 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
    • So they decided to do the last race again, but to run as a team this time.
      Mantra for Company Secretaries
    • 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
    • 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
    • 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,
      • 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
    • Teamwork is mainly about Situational Leadership, letting the person with the relevant core competency for a situation take leadership.
      Mantra for Company Secretaries
    • There are more lessons to be learnt from this story.
      Mantra for Company Secretaries
    • 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
    • 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
    • Sometimes it is appropriate to change strategy and try something different. And sometimes it is appropriate to do both.
      Mantra for Company Secretaries
    • 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
    • Story
      on
      “Situational Leadership”
      Mantra for Company Secretaries
    • 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
    • His executives were Pepsi-focused and intent on increasing market share 0.1 per cent a time.
      Mantra for Company Secretaries
    • Goizueta decided to stop competing against Pepsi and instead compete against the situation of 0.1 per cent growth.
      Mantra for Company Secretaries
    • 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
    • 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
    • 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
    • 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
    • Everyone has a DREAM
      And
      Everyone wants to ACHIEVE it
      How?
    • 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
    • The story about the tiny frogs....
              
      Mantra for Company Secretaries
    • 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
    • A big crowd had gathered
      around the tower to see
      the race and cheer on the contestants...
                        
      The race began...
                                                       
      Mantra for Company Secretaries
    • 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
    • The tiny frogs began collapsing. One by one...
      Mantra for Company Secretaries
    • ... Except for those who in a fresh tempo
      were climbing higher and higher...
                              
      Mantra for Company Secretaries
    • The crowd continued to yell
      "It is too difficult!!! No one will make it!"
      Mantra for Company Secretaries
    • More tiny frogs got tired and gave up...
      ...But ONE continued higher and higher and higher...
      Mantra for Company Secretaries
    • This one wouldn't give up!
      Mantra for Company Secretaries
    • 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
    • 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
    • That the winner was DEAF!!!!
      Mantra for Company Secretaries
    • 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
    • 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
    • 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
    • Sixth Item
      Opportunities are Unlimited
    • Leaders Create Opportunities
      and keep growing higher and higher…
      Opportunities Are Unlimited
    • Incompetents wait for Opportunities
      and they keep on waiting…
      Opportunities Are Unlimited
    • Its just a matter of
      Creativity, ConfidenceandCommunication
      Opportunities Are Unlimited
    • …and also Perception and Positive Thinking
      Opportunities Are Unlimited
    • Now……. you will become
      “ACS”
      Opportunities Are Unlimited
    • We should understand the Role ofBoth
      “ICSI & You”
      Opportunities Are Unlimited
    • Finally Profession is like a
      Car Race
      Opportunities Are Unlimited
    • ICSIhelps You
      Design the Car
      Opportunities Are Unlimited
    • ICSIguides you
      The Road Ahead
      Opportunities Are Unlimited
    • ICSI teaches you
      How to Drive the Car
      Opportunities Are Unlimited
    • ICSI makes rules for
      Safe Driving
      Opportunities Are Unlimited
    • ICSIgives you
      License to Drive
      Opportunities Are Unlimited
    • Its YOU
      who have to actually
      drive the car safely
      and win the race
      Opportunities Are Unlimited
    • Thank You