The Madras Management Association (MMA), the largest and oldest forum among management professionals in the country, recently organized a days’ conclave on Corporate Governance plus sustainability and Economic Value Enhancement in Chennai.
Sessions like best practices in financial manufacturing, intellectual human, and social relationship and corporate strategies in response to Environment and Sustainability in 21st century, and legal perspectives and initiatives and risk management and value protection are discussed.
Mr. P. Ravichandran, President, Danfoss Industries, and SVP, MMA, said India with largest potential in human capital has to keep the pace with the challenging World Environment.
Mr. Jangoo Dalal, Managing Director, Intuit Consulting Pvt. Ltd. (GOVEVA), Mumbai, presented a picture on Global Benchmarking and assimilation of global best practices, developing a roadmap for excellence, enhancing corporate performance, empowering boards more effective, reducing risk exposure, and enhancing stakeholder value.
Mr. Lakshmi Narayanan, Former – VC & CEO, Cognizant Technologies, said integrity and ethics should play a vital role in boards and Board is the voice and face among the external shareholders. The CEO, the CTO, the CXO, the CFO, the CMO, the CSO all are various brains of a company strategy and should work in tandem and unison among the company boards in order to get the best result. There are so many examples on the malpractice and criminalisation of boards by one individual members which will tarnish the image of entire board. He pointed few companies which collapsed due to bad behaviour of board directors.
Mr. G.N. Bajpai, Chairman, Intuit Consulting Pvt. Ltd., and Former Chairman of SEBI & LIC, gave a special inaugural address said the Board Member is a Trustee and for a Robust growth of the company the policy, the strategy, the operations, the accountability, all should work in one voice in implementing new measurers in the growth of the organization. Corporate governance is to be maintained among the board members as the new challenges from the employees, government, and legal side will try to deviate the core objectives of the board and hence a healthy board of directors is the first agenda of the growth of the organisation.
Mr. T. Sasikumar, VP, HR & CSR, Ashok Leyland, and Mr. K. Sendhil Naathan, President and CEO, Aditya Birla – TANFAC Industries Ltd., and Mr. R. Vasudevan, Partner, Deloitte Haskins & Sells LLP, presented a picture with Mr. Shailesh Haribhakti, as a moderator. And the subsequent sessions discussed the other topics.