The document discusses the importance of good corporate governance practices for corporate excellence. It states that corporate governance rests with the vision and perception of leadership, and leaders need a vision for governance. It emphasizes applying best management practices, complying with laws, and sustainable development for all stakeholders as the keys to good governance. Good governance leads to benefits like growth, goodwill, access to markets and capital, and enhanced trust of stakeholders, contributing to sustainable development.

1. Corporate Excellence through Corporate Governance Pavan Kumar Vijay Immediate Past President, ICSI MD, Corporate Professionals

2. Corporate Governance rests with the Vision and Perception of the Leadership

3. and A Leader need to adopt a Vision for Corporate Governance

4. The Institute of Company Secretaries of India ” 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 stakeholders”

5. Corporate Governance Framework Output – Input = Wealth Created ? Sustainability Happiness and Prosperity of all Stakeholders Reinvestment Distribu- tion Research and Development HR Development Infrastructure Risk Management SUPPLIERS Adequate Returns HUMAN ASSETS Adequate Remuneration CUSTOMERS Affordable Prices PUBLIC Payment of Taxes and Partnership in National Development Projects Wealth Creation Wealth Management Wealth Sharing Enhanced Capabilities Best Management Practices are Vital Here Law and Ethics are Vital Here

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 – Round the Clock

8. Infact, these principles are the foundation of Best Governed Organisations irrespective of their form and size

9. Advantages of applying Best Corporate Governance Practices

10. Growth Growing Revenues Growing Profits Growing Market Value

11. Widespread Goodwill and Brand Reputation Access to Global Markets Better Access to Human Capital Ready Market for New Products Widening Customer Base

12. Enhanced Trust and Confidence of all Stakeholders EMPLOYEES INVESTORS CUSTOMERS SUPPLIERS GOVERNMENT AND REGULATORS SOCIETY

13. Leading to…

14. Environment Civil Society Business Society SUSTAINABLE DEVELOPMENT

15. Commitment to well-being and progress of all stakeholders is our age old mantra

16. Satyam Vada Dharmam Chara - Taittariya Upanishad

17. “ Forever speak the truth and follow the dharma ”

18. Truth : Disclosure of Actual State of Affairs (Transparency in operations and transactions)

19. 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

20. 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

21. “ The Customer is King” - Mahatma Gandhi

22. This is the soul behind modern Marketing Management

23. Worshipping 33 Crore Godheads signifying various species, plants, cosmic elements, …

24. Care for Panchtatvas - Prithvi , Jal , Vaayu , Akaash and Agni that make a human being

25. This is our approach to Environment Protection

26. The four essential principles of Mahatma Gandhi's philosophy Truth , Ahimsa , Trusteeship and Constructive Action

27. Corporates are also expected to use their Capacity, Knowledge and Resources Maximisation of stakeholders’ value and well-being and progress of humankind TOWARDS THROUGH Transparency, accountability and truthful disclosure of state of affairs Dharma Truth

28. This is our own age old mantra of Good Governance

29. Companies that have followed these principles of Corporate Governance have

30. Consistently earned high returns, increased their net worth and enhanced their shareholders wealth

31. Invested significantly in proactive research and development

32. Developed people into ‘ achievers’ than just ‘ performers’

33. Dealt ethically with customers, government and business partners

34. Maintained and updated their professional management culture, system and processes

35. ..and accomplished

36. WINNING EMPLOYEES XCELLENCE GROWING INVESTORS DELIGHTED CUSTOMERS TRUSTED SUPPLIERS SATISFIED GOVERNMENT AND REGULATORS HAPPY SOCIETY

37. Leaders need to strive for excellence in Corporate Governance because Corporate Excellence and Professional Accountability For Better Leadership

38. Excellence in Corporate Governance Corporate Excellence Social Excellence National Excellence Excellence in Corporate Governance leads to National Excellence

39. Professionals are acting as Catalyst in applying best practices in Corporate Governance

40. Professionals are adequately developed to take this challenging job

41. We all Professionals must also bind ourselves by a Code of Conduct

42. Thus ensuring highest level of Integrity Independence Excellence Innovation

43. Opportunities to serve the Nation are unlimited

44. Understand Industry Needs Gain ‘Substantial Knowledge of Management’ – Learning little more than what is included in the course curriculum Provide PQRS – P roductivity, Q uality, R eliability and S ervice Use 3Cs - C reativity, C onfidence and C ommunication Conduct Periodical SWOT Analysis of Self Use Technology to Beat Technology All you need to do is:

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

47. P roductivity – Nation expects you to use resources in most profitable manner Q uality – There is no compromise on quality R eliability – Companies require trust in abilities and loyalty to company all the time S ervice – Value Added Services with courtesy and smile is absolute necessity Providing PQRS

48. C reativity – Innovation is the critical success factor C onfidence – Believe in Yourself (Yes, You Can Do It) C ommunication – It is how you make people know about your creativity and confidence. It is Communication that creates opportunities. Using 3Cs

49. S trengths: What are my strengths? W eaknesses: What are my weaknesses? O pportunities: What are new opportunities? T hreats: What are new threats? So that you can CHANGE with the TIME Periodical SWOT Analysis

50. 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... Use Technology to Beat Technology

51. Co-operate instead of Competing

52. Optimism Comes from Co-operation

53. It’s a matter of Perception and Positive Thinking

54. Thank You