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ICSI National Award for Excellence in Corporate Governance

ICSI National Award for Excellence in Corporate Governance. Promoting Good Governance In Indian Corporate Sector. Award Conferment Function Monday, 15 th December 2003. It is my proud privilege to welcome. SHRI LAL KRISHNA ADVANI Hon’ble Deputy Prime Minister of India.

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ICSI National Award for Excellence in Corporate Governance

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  1. ICSI National Award for Excellence in Corporate Governance Promoting Good Governance In Indian Corporate Sector Award Conferment Function Monday, 15th December 2003

  2. It is my proud privilege to welcome

  3. SHRI LAL KRISHNA ADVANI Hon’ble Deputy Prime Minister of India

  4. HON’BLE JUSTICE SHRI M N VENKATACHALIAH Former Chief Justice of India and Chairman of the Jury

  5. SHRI M M K SARDANA Secretary Government of India, Department of Company Affairs, Ministry of Finance

  6. SHRI G N BAJPAI Chairman Securities and Exchange Board of India

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

  8. and The ICSI has adopted a Vision for Corporate Governance

  9. Our Vision “To beglobal leaderin development of professionals specialising in corporate governance”

  10. application of best management practices, Compliance of law in true letter and spirit for sustainable development of all stakeholders” Corporate Governance for ICSI ”Corporate Governance is the and adherence to ethical standards for effective management and distribution of wealth and discharge of social responsibility • The Institute of Company Secretaries of India

  11. Our Mission “To continuously develophigh calibre professionalsensuring good corporate governance and effective managementand to carry out proactive research and development activities forprotection of interest of all stakeholders, thuscontributing to public good”

  12. The Strength behind our Vision and Mission is our Members ICSI Parivar Students Human Assets A Closely Knit Family of Professionals

  13. Principles of ICSI Parivar 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

  14. These principles are the foundation of Best Governed Organisations irrespective of their form and size

  15. Advantages of applying Best Corporate Governance Practices

  16. Growth Growing Revenues Growing Profits Growing Market Value

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

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

  19. Leading to…

  20. Environment SUSTAINABLE DEVELOPMENT Business Society Civil Society

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

  22. Satyam Vada Dharmam Chara - Taittariya Upanishad

  23. “Forever speak thetruth and follow thedharma”

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

  25. 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

  26. 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

  27. - Mahatma Gandhi “The Customer is King”

  28. This is the soul behind modern Marketing Management

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

  30. Care for Panchtatvas - Prithvi, Jal, Vaayu, AkaashandAgnithat make a human being

  31. This is our approach to Environment Protection

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

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

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

  35. Company Secretaries are acting as Catalyst in applying this mantra of Good Corporate Governance

  36. SUSTAINABLE GROWTH Company Secretary Ethics and Mutual Trust Regulatory Compliances Management Functions COMPANY SECRETRY navigates the CORPORATE GROWTH with GOOD GOVERNANCE Company Policies

  37. INVESTORS PUBLIC CUSTOMERS Company Secretary GOVERNMENT AND REGULATORS SUPPLIERS EMPLOYEES Company Secretary is a Vital Link

  38. Course Curriculum Focuses on Essentials of Corporate Governance • Extensive Pre-Membership Training Company Secretaries are adequately developed to take this challenging job Compulsory Continuing Education PMQ and Short Term Courses

  39. Company Secretaries are also bound by the strict Code of Conduct

  40. Integrity Thus ensuring highest level of Independence Excellence Innovation

  41. The ICSI initiatives towards Good Corporate Governance

  42. Post Membership Qualification Course in Corporate Governance Objectives “To provide expert knowledge to understand, analyse and apply the principles and practices of Good Corporate Governance in real life situations .“ Course Coverage Paper 1- Conceptual Framework of Corporate Governance Paper 2 - Corporate and Board Management Paper 3 -Legal and Regulatory Framework of Corporate Governance Paper 4 - Board Committees and Role of Professionals Paper 5 - Corporate Governance - Codes and Practices Dissertation/ Project Report

  43. Secretarial Standards issued by the ICSI so far SS-1 Meetings of the Board of Directors SS-2 General Meetings SS-3 Dividend Guidance Note on Passing of Resolution by Postal Ballot Issuing Secretarial Standards ICSI is the only professional body in the world to issue Secretarial Standards Guidance Note on Buy Back of Securities will be issued today

  44. Original research covering 1700 companies • Covering best practices and formats for better Corporate Governance Model Formats for Corporate Governance Reporting

  45. … and starting as an annual feature

  46. ICSI National Award for Excellence in Corporate Governance Promoting Good Governance In Indian Corporate Sector

  47. ICSI National Award for Excellence in Corporate Governance Best Governed Companies 2001

  48. ICSI National Award for Excellence in Corporate Governance Best Governed Companies 2002

  49. Company Secretaries of winning Companies are also awarded

  50. Corporate Captains who have Translated Excellence in Corporate Governance into Reality were also honoured

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