Download CG Award 2003

ICSI National Award
for Excellence in
Corporate Governance
Promoting Good Governance In Indian Corporate Sector
Award Conferment Function
Monday, 15th December 2003
It is my proud privilege to welcome
SHRI LAL KRISHNA ADVANI
Hon’ble Deputy Prime Minister
of India
HON’BLE JUSTICE SHRI M N
VENKATACHALIAH
Former Chief Justice of India
and Chairman of the Jury
SHRI M M K SARDANA
Secretary
Government of India, Department of
Company Affairs, Ministry of Finance
SHRI G N BAJPAI
Chairman
Securities and Exchange Board of
India
Corporate Governance rests with the Vision and
Perception of the Corporate Leadership
and
The ICSI has adopted a
Vision for Corporate Governance
Our Vision
global leader in
development of professionals
“To be
specialising in
corporate governance”
Corporate Governance for ICSI
”Corporate Governance is the application of best
management practices, Compliance of law in true
letter and spirit and adherence to ethical standards
for effective management and distribution of wealth
and discharge of social responsibility for sustainable
development of all stakeholders”
-The Institute of Company Secretaries of India
Our Mission
high calibre professionals
ensuring good corporate governance and effective
management and to carry out proactive research and
development activities for protection of interest of
all stakeholders, thus contributing to public good”
“To continuously develop
The Strength behind
our Vision and
Members
Mission is our
ICSI Parivar
Students
Human Assets
A Closely Knit Family of Professionals
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
These principles are the foundation of
Best Governed Organisations
irrespective of their form and size
Advantages of applying
Best Corporate Governance Practices
Growing
Revenues
Growing
Profits
Growth
Growing
Market Value
Widening
Customer Base
Ready Market for
New Products
Widespread Goodwill and Brand Reputation
Access to Global
Markets
Better Access to
Human Capital
CUSTOMERS
INVESTORS
EMPLOYEES
Enhanced Trust and Confidence
of all Stakeholders
GOVERNMENT AND
REGULATORS
SUPPLIERS
SOCIETY
Leading to…
Environment
SUSTAINABLE
DEVELOPMENT
Civil Society
Business Society
Commitment to well-being and progress of all
stakeholders is our age old mantra
Satyam Vada Dharmam Chara
- Taittariya Upanishad
“Forever speak the truth and follow the dharma”
Truth : Disclosure of Actual State of Affairs
(Transparency in operations and transactions)
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
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
“The Customer is King”
- Mahatma Gandhi
This is the soul behind modern
Marketing Management
Worshipping 33 Crore Godheads
signifying various species, plants,
cosmic elements, …
Care for Panchtatvas - Prithvi, Jal, Vaayu,
Akaash and Agni that make a human being
This is our approach to
Environment Protection
The four essential principles of Mahatma Gandhi's
philosophy
Truth, Ahimsa, Trusteeship and Constructive Action
Corporates are also expected to use their
Capacity, Knowledge and Resources
TOWARDS
Dharma
Maximisation of stakeholders’ value and wellbeing and progress of humankind
THROUGH
Truth
Transparency, accountability and truthful
disclosure of state of affairs
This is our own age old mantra of
Good Governance
Company Secretaries are acting as Catalyst in
applying this mantra of Good Corporate Governance
Company Secretary
Ethics and
Mutual Trust
Regulatory
Compliances
Management
Functions
Company
Policies
COMPANY SECRETRY
navigates the
CORPORATE GROWTH
with
GOOD GOVERNANCE
Company Secretary is a Vital Link
Company
Secretary
Course Curriculum
Focuses on Essentials of
Corporate Governance
Extensive PreMembership Training
Company Secretaries are adequately developed to
take this challenging job
Compulsory Continuing
Education
PMQ and Short Term
Courses
Company Secretaries are also bound by the strict
Code of Conduct
Integrity
Independence
Thus ensuring highest level of
Excellence
Innovation
The ICSI initiatives towards
Good Corporate Governance
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
Issuing
Secretarial Standards
Secretarial Standards issued by the ICSI so far
SS-1 Meetings of the Board of Directors
SS-2 General Meetings
ICSI is the only professional
body in the world to issue
Secretarial Standards
SS-3 Dividend
Guidance Note on Passing of Resolution by
Postal Ballot
Guidance Note on Buy Back
of Securities will be issued
today
Model Formats for Corporate
Governance Reporting
• Original research covering
1700 companies
• Covering best practices and
formats for better
Corporate Governance
… and starting as an annual feature
ICSI National Award
for Excellence in
Corporate Governance
Promoting Good Governance In Indian Corporate Sector
ICSI National Award
for Excellence in
Corporate Governance
Best Governed Companies
2001
ICSI National Award
for Excellence in
Corporate Governance
Best Governed Companies
2002
Company Secretaries of winning Companies
are also awarded
Corporate Captains who have Translated Excellence
in Corporate Governance into Reality were also
honoured
ICSI National Award
for Excellence in
Corporate Governance
Life Time Achievement Award for Translating
Excellence in Corporate Governance into Reality
2001
2001
2002
DR. VERGHESE KURIEN
RAI BAHADUR MOHAN SINGH OBEROI
DR YUSUF KHWAJA HAMIED
Chairman Emeritus
National Dairy Development Board
Chairman
The Oberoi Group
Chairman and Managing Director
Cipla Limited
Companies that have won
ICSI National Award for Excellence in
Corporate Governance
have
Consistently earned high returns, increased their net
worth and enhanced their shareholders wealth
Invested significantly in proactive research and
development
Developed people into ‘achievers’ than just
‘performers’
Dealt ethically with customers, government and
business partners
Maintained and updated their professional
management culture, system and processes
..and accomplished
WINNING
EMPLOYEES
DELIGHTED
CUSTOMERS
TRUSTED
SUPPLIERS
GROWING
INVESTORS
HAPPY
SOCIETY
SATISFIED
GOVERNMENT AND
REGULATORS