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37TH NATIONAL CONVENTION OF COMPANY SECRETARIES - NOV 6TH on 6th November 2009, 5:59 pm
Club Exe
CSoC Super Master
37TH NATIONAL CONVENTION OF COMPANY SECRETARIES BEING HELD ON NOVEMBER 5-7, 2009 AT MARRIOTT HOTEL & CONVENTION CENTRE, HYDERABAD
FIRST TECHNICAL SESSION
First Technical Session on Managing Growth in Turbulent Times was addressed by S Pramanik, Managing Director, Gulf Oil Corpn. Ltd., Ravi Kastia, Group Executive President & Business Head, Aditya Birla Group and Jim Brady, CEO, Deloitte Touche AERS India Pvt. Ltd.
S Pramanik, Managing Director, Gulf Oil Corpn. Ltd. in his presentation on business issues in the changing profile of corporate India said that growth in Indian economy due to large domestic savings and corporate retained earning are financial investment. Sluggish labour market and wealth had hit urban consumption, but low export dependence, a large consumption base and the high share of employment and income coming from rural area has sustained consumption. He elaborately explained the global scenario, organizational growth and business issues. While concluding he suggested cost effective strategies for marketing, creativity in interaction with customers, streamline R&D without stifling innovation and maximising a wide range of opportunities for value chain, as strategies to deal with downturn.
Ravi Kastia, Group Executive President & Business Head, Aditya Birla Group in his presentation explained about turbulence in global economy in 2008 and 2009. He said that Board as a strategic asset play a vital role towards ensuring that management strategy is grounded in reality, management decisions are well thought out, shareholder and stakeholder value continue to increase and robust corporate governance structures are in place and functioning. While explaining the role of Company Secretaries as a custodian of Board as strategic asset he said that an effective Company Secretary ensures corporate compliances, good corporate governance, maintain confidentiality, accountability and safeguard the assets and properties of the company and optimize utilization of Boards expertise.
Jim Brady, CEO, Deloitte Touche AERS India Pvt. Ltd. in his address while sharing his experiences in US and discussed about the leadership traits.
SECOND TECHNICAL SESSION
Second Technical Session on Integrity, Ethics and Governance was addressed by Prof. Y R K Reddy Chairman, Yaga Consulting Pvt. Ltd., Hyderabad, Vijaya Sampath, Group General Counsel & Company Secretary, Bharti Group of Companies, Dr.B V R Mohan Reddy, Chairman & Managing Director, Infotech Enterprises Ltd.
Prof. Y R K Reddy Chairman, Yaga Consulting Pvt. Ltd. in his address said that there should be a balance between market and regulator. He emphasized the role, duty and liability of independent, non- executive and executive director. Prof. Reddy explained the information asymmetry and risk management. He said that a director is not only liable under the Companies Act but also under other twenty legislations. While concluding he said that the impact of fraudulent activities in one company reflects on the image of other similar companies.
Vijaya Sampath, Group General Counsel & Company Secretary, Bharti Group of Companies, in her presentation explained in detail two facets of governance – one financial melt down and the other corporate scandals. In this context, Vijaya Sampath explained that in financial melt down there is no personal or criminal liability on board, auditor or top management, while in the case of corporate scandal board, auditor, top management are accountable. She explained elaborately about various stakeholders the Board has to deal with, level of responsibility of board, conflicting stakeholder expectations, ideal qualities and ability to add value. She also explained in detail the positives of good governance.
Dr. B V R Mohan Reddy, Chairman & Managing Director, Infotech Enterprises Ltd. in his address said that there is inter connection between individual and integrity. On the governance issue, he elaborated characteristic of the organization, stakeholder confidence, accountability to the stakeholders, information to the regulator and involvement of the management in the governance process, leadership and advocacy.
Special Session on International Perspective
Sam Ogutha, President, IFCS, Keyoor Bakshi, Vice President, IFCS, Datla Hanumantha Raju, President, The ICSI, Jackson Maingi, Chairman, ICPSK, Kenya, Tunde Busari, Vice President, ICSAN, Nigeria, M Nurul Alam, Bangladesh, Ms. Janet Ang, President, MICSA, Malaysia, Aishath Liusha, Maldives Capital Market Development Authority, Maldives, and N K Jain, Secretary-IFCS and Secretary & CEO, The ICSI addressed the delegates at Special Session on International Perspective. The visiting delegates from Company Secretaries Institute abroad discussed in detail the role of Company Secretaries in the context of the theme of the Convention. The representatives of each Institute shared their experiences and challenges before the profession of Company Secretary in the context of globalization and the global down turn.
sd/-
Dr. Amita Ahuja
Senior Director
(Public Relations & Corporate Communication)
The Institute of Company Secretaries of India
ICSI House, 22 Institutional Area
Lodi Road, New Delhi- 110 003
Telefax- 011-24604756 , Mob- 9717196255
Email-dprpp@icsi.edu
SOURCE: ICSI.EDU
FIRST TECHNICAL SESSION
First Technical Session on Managing Growth in Turbulent Times was addressed by S Pramanik, Managing Director, Gulf Oil Corpn. Ltd., Ravi Kastia, Group Executive President & Business Head, Aditya Birla Group and Jim Brady, CEO, Deloitte Touche AERS India Pvt. Ltd.
S Pramanik, Managing Director, Gulf Oil Corpn. Ltd. in his presentation on business issues in the changing profile of corporate India said that growth in Indian economy due to large domestic savings and corporate retained earning are financial investment. Sluggish labour market and wealth had hit urban consumption, but low export dependence, a large consumption base and the high share of employment and income coming from rural area has sustained consumption. He elaborately explained the global scenario, organizational growth and business issues. While concluding he suggested cost effective strategies for marketing, creativity in interaction with customers, streamline R&D without stifling innovation and maximising a wide range of opportunities for value chain, as strategies to deal with downturn.
Ravi Kastia, Group Executive President & Business Head, Aditya Birla Group in his presentation explained about turbulence in global economy in 2008 and 2009. He said that Board as a strategic asset play a vital role towards ensuring that management strategy is grounded in reality, management decisions are well thought out, shareholder and stakeholder value continue to increase and robust corporate governance structures are in place and functioning. While explaining the role of Company Secretaries as a custodian of Board as strategic asset he said that an effective Company Secretary ensures corporate compliances, good corporate governance, maintain confidentiality, accountability and safeguard the assets and properties of the company and optimize utilization of Boards expertise.
Jim Brady, CEO, Deloitte Touche AERS India Pvt. Ltd. in his address while sharing his experiences in US and discussed about the leadership traits.
SECOND TECHNICAL SESSION
Second Technical Session on Integrity, Ethics and Governance was addressed by Prof. Y R K Reddy Chairman, Yaga Consulting Pvt. Ltd., Hyderabad, Vijaya Sampath, Group General Counsel & Company Secretary, Bharti Group of Companies, Dr.B V R Mohan Reddy, Chairman & Managing Director, Infotech Enterprises Ltd.
Prof. Y R K Reddy Chairman, Yaga Consulting Pvt. Ltd. in his address said that there should be a balance between market and regulator. He emphasized the role, duty and liability of independent, non- executive and executive director. Prof. Reddy explained the information asymmetry and risk management. He said that a director is not only liable under the Companies Act but also under other twenty legislations. While concluding he said that the impact of fraudulent activities in one company reflects on the image of other similar companies.
Vijaya Sampath, Group General Counsel & Company Secretary, Bharti Group of Companies, in her presentation explained in detail two facets of governance – one financial melt down and the other corporate scandals. In this context, Vijaya Sampath explained that in financial melt down there is no personal or criminal liability on board, auditor or top management, while in the case of corporate scandal board, auditor, top management are accountable. She explained elaborately about various stakeholders the Board has to deal with, level of responsibility of board, conflicting stakeholder expectations, ideal qualities and ability to add value. She also explained in detail the positives of good governance.
Dr. B V R Mohan Reddy, Chairman & Managing Director, Infotech Enterprises Ltd. in his address said that there is inter connection between individual and integrity. On the governance issue, he elaborated characteristic of the organization, stakeholder confidence, accountability to the stakeholders, information to the regulator and involvement of the management in the governance process, leadership and advocacy.
Special Session on International Perspective
Sam Ogutha, President, IFCS, Keyoor Bakshi, Vice President, IFCS, Datla Hanumantha Raju, President, The ICSI, Jackson Maingi, Chairman, ICPSK, Kenya, Tunde Busari, Vice President, ICSAN, Nigeria, M Nurul Alam, Bangladesh, Ms. Janet Ang, President, MICSA, Malaysia, Aishath Liusha, Maldives Capital Market Development Authority, Maldives, and N K Jain, Secretary-IFCS and Secretary & CEO, The ICSI addressed the delegates at Special Session on International Perspective. The visiting delegates from Company Secretaries Institute abroad discussed in detail the role of Company Secretaries in the context of the theme of the Convention. The representatives of each Institute shared their experiences and challenges before the profession of Company Secretary in the context of globalization and the global down turn.
sd/-
Dr. Amita Ahuja
Senior Director
(Public Relations & Corporate Communication)
The Institute of Company Secretaries of India
ICSI House, 22 Institutional Area
Lodi Road, New Delhi- 110 003
Telefax- 011-24604756 , Mob- 9717196255
Email-dprpp@icsi.edu
SOURCE: ICSI.EDU
