Role of Professionals In Providing Total Compliance Solutions

271 views
229 views

Published on

Published in: Business, Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
271
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
4
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Role of Professionals In Providing Total Compliance Solutions

  1. 1. Total Compliance Solutions Role of Professionals Pavan Kumar Vijay In providing By
  2. 2. A famous quote… <ul><li>Every RIGHT implies a RESPONSIBILITY ; </li></ul><ul><li>Every OPPORTUNITY , an OBLIGATION ; </li></ul><ul><li>Every POSSESSION , a DUTY . </li></ul><ul><li>- John D Rockefeller Jr. </li></ul>
  3. 3. RESPONSIBILITY OBLIGATION DUTY Compliance of Rules, Regulations & Laws of the Land CORRESPONDS TO
  4. 4. Compliance of Rules, Regulations & Laws of the Land Good Corporate Governance
  5. 5. Management Perception <ul><li>Most of us can read </li></ul><ul><li>the writing on the wall; </li></ul><ul><li>We just assume it’s </li></ul><ul><li>addressed to someone else. </li></ul><ul><li>- Ivern Ball </li></ul>
  6. 6. Role of Professionals TO CHANGE THE MINDSET
  7. 7. To let management understand <ul><li>Outstanding Performance, </li></ul><ul><li>Higher Profits, </li></ul><ul><li>Expanded Market Reach and the like </li></ul><ul><li>FAILS </li></ul><ul><li>to protect a company </li></ul><ul><li>which has put good governance & ethics </li></ul><ul><li>at the back burner… </li></ul><ul><li>Example – ENRON, WORLDCOM, ADELPHIA, TYCO </li></ul>
  8. 8. … Only the culture of Strict adherence to Good Governance can keep a company Ahead on sustainable basis Example – INFOSYS, MICROSOFT, RANBAXY, DABUR
  9. 9. Designing effective & user friendly COMPLIANCE MANAGEMENT SYSTEM to lay down strong foundation for GOOD GOVERNANCE
  10. 10. IMPLEMENTING EFFECTIVE COMPLIANCE MANAGEMENT SYSTEM
  11. 11. Professional need to Analyze & Understand.
  12. 12. <ul><li>Different Corporate Structures </li></ul>Public Sector Undertakings Private Limited Companies Trusts And NGOs Coop Societies And Producer Companies Municipal Boards Semi-government Organisation Unlisted Public Companies Listed Public Companies
  13. 13. Different Scale of Operations SMALL SCALE MEDIUM SCALE LARGE SCALE
  14. 14. Different Industries Media And Entertainment Infrastructure, Power And Telecom IT Solutions IT Enabled Services And BPO Textiles Tourism And Hotel Capital Market And Its Intermediaries Engineering and Construction FMCG Agriculture And Food Processing Capital Goods Drugs, Pharma And Healthcare Banking And NBFC Financial Services
  15. 16. <ul><li>COMPANY POLICIES </li></ul>OPERATIONAL PLANNING AND EXECUTION BOARD OF DIRECTORS CORPORATE PLANNING LEGAL FINANCE AND ACCOUNTS HUMAN RESOURCES CORPORATE COMMUNICATION PRODUCTION AND OPERATIONS MARKETING INFORMATION TECHNOLOGY DEPARTMENTS IN A COMPANY EXTERNAL STAKEHOLDERS INVESTORS GOVERNMENT AND REGULATORS SOCIETY SUPPLIERS CUSTOMERS LENDERS DIR A DIR B DIR C DIR D DIR E
  16. 17. Every Company Needs a Person to <ul><li>Coordinate between various departments and all stakeholders, </li></ul><ul><li>Ensure compliance of all applicable laws and </li></ul><ul><li>Develop mutual trust between various stakeholders </li></ul><ul><li>The person must have adequate knowledge of management and law </li></ul>
  17. 18. <ul><li>COMPANY POLICIES </li></ul>OPERATIONAL PLANNING AND EXECUTION BOARD OF DIRECTORS CORPORATE PLANNING LEGAL FINANCE AND ACCOUNTS HUMAN RESOURCES CORPORATE COMMUNICATION PRODUCTION AND OPERATIONS MARKETING INFORMATION TECHNOLOGY DEPARTMENTS IN A COMPANY EXTERNAL STAKEHOLDERS Professional Principal Officer of the Company DIR A DIR B DIR C DIR D DIR E INVESTORS GOVERNMENT AND REGULATORS SOCIETY SUPPLIERS CUSTOMERS LENDERS

×