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Corporate Excellence

through
Corporate Governance

Pavan Kumar Vijay


Immediate Past President, ICSI
MD, Corporate Professionals
Corporate Governance rests with the Vision
and Perception of the Leadership
and

A Leader need to adopt a


Vision for Corporate Governance
Corporate Governance

Corporate Governance is application of


the best
management compliance of law in
practices, 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
Corporate Governance Framework

Wealth Creation Wealth Management Wealth Sharing


Distribu-

?
tion Happiness and
Output Input Prosperity of all
= Wealth Created Stakeholders

SUPPLIERS
Adequate Returns
Reinvestment
Enhanced
Capabilities HUMAN ASSETS
Adequate
Remuneration
Sustainability
CUSTOMERS
Affordable Prices
Research and
Development PUBLIC
HR Development Payment of Taxes and
Infrastructure Partnership in National
Risk Management Development Projects

Best Management Practices are Vital Here Law and Ethics are
Vital Here
Stakeholders in Value Chain

ROLE OF STAKEHOLDERS
Supply Funds, Value Addition and Give Opportunity to
Materials and Management of Co. to Satisfy their
Services Resources Needs

SUPPLIERS HUMAN
CUSTOMERS
RESOURCE

Adequate Returns for Adequate Salary and Best Quality


Funds, Material and Security for leading Products and
Services Supplied a Happy Life Customer Care at
Minimum Prices

EXPECTATIONS OF STAKEHOLDERS

Potential Suppliers, Human Biological, Economic and


Resources and Customers PUBLIC Cultural Environment

PUBLIC EXPECTS PARTNERHIP FOR SUSTAINABLE DEVELOPMENT


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


Infact, these principles are the foundation of

Best Governed Organisations

irrespective of their form and size


Advantages of applying
Best Corporate Governance Practices
Growing Growing
Revenues Profits

Growth

Growing
Market
Value
Widening Ready Market
Customer Base for New
Products

Widespread Goodwill and Brand


Reputation

Access to Global Better Access to


Markets Human Capital
CUSTOMERS
INVESTORS CUSTOMERS
INVESTORS

EMPLOYEES
EMPLOYEES

Enhanced Trust and


Confidence of all
Stakeholders
GOVERNMENT
GOVERNMENTAND
AND
REGULATORS
REGULATORS

SOCIETY
SUPPLIERS SOCIETY
SUPPLIERS
Leading to
Environmen
t

SUSTAINABLE
DEVELOPMENT
Business
Civil Society
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
well-being 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
Companies that have followed these
principles of
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 GROWING
WINNING GROWING
EMPLOYEES INVESTORS
EMPLOYEES INVESTORS

HAPPY
DELIGHTED HAPPY
DELIGHTED SOCIETY
CUSTOMERS SOCIETY
CUSTOMERS

XCELLENCE
SATISFIED
TRUSTED SATISFIED
TRUSTED GOVERNMENT
SUPPLIERS GOVERNMENTANDAND
SUPPLIERS REGULATORS
REGULATORS
Corporate Excellence
and Professional
Accountability
For Better Leadership
Leaders need to strive for excellence in
Corporate Governance because
Excellence in National
Corporate Excellence
Governance leads to
National Excellence Social
Excellence

Corporate
Excellence

Excellence in
Corporate
Governance
Professionals
are acting
as
Catalyst
in applying
best practices in
Corporate Governance
Professionals are adequately developed to
take this challenging job
We all Professionals must also bind
ourselves by a

Code of Conduct
Integrity
Independenc
e

Thus ensuring highest level of

Excellence
Innovation
Opportunities to serve the Nation are unlimited
All you need to do is:

Understand Industry Needs


Gain Substantial Knowledge of Management
Learning little more than what is included in
the course curriculum
Provide PQRS Productivity, Quality, Reliability
and Service
Use 3Cs - Creativity, Confidence and
Communication
Conduct Periodical SWOT Analysis of Self
Use Technology to Beat Technology
CAPITAL MARKET AND
TOURISM AND HOTEL FINANCIAL SERVICES
ITS INTERMEDIARIES

TEXTILES BANKING AND NBFCS

IT ENABLED Gain DRUGS, PHARMA


SERVICES AND BPO AND HEALTHCARE
Knowledge of
IT SOLUTIONS Industry CAPITAL GOODS

INFRASTRUCTURE, AGRICULTURE AND


POWER AND TELECOM FOOD PROCESSING
MEDIA AND HOUSING AND
FMCG
ENTERTAINMENT CONSTRUCTION
SECRETARIAL
STRATEGY AND LEGAL

FINANCIAL AND
ACCOUNTS
Gain HUMAN
Knowledge of RESOURCES
CORPORATE Management
COMMUNICATION Functions
R&D AND
PRODUCTION
INFORMATION
MARKETING
TECHNOLOGY
Providing PQRS

Productivity Nation expects you to use


resources in most profitable manner
Quality There is no compromise on quality
Reliability Companies require trust in
abilities and loyalty to company all the time
Service Value Added Services with
courtesy and smile is absolute necessity
Using 3Cs

Creativity Innovation is the critical


success factor
Confidence Believe in Yourself (Yes, You
Can Do It)

Communication It is how you make


people know about your creativity and
confidence. It is Communication that
creates opportunities.
Periodical SWOT Analysis

Strengths: What are my strengths?


Weaknesses: What are my weaknesses?
Opportunities: What are new opportunities?
Threats: What are new threats?

So that you can CHANGE with the TIME


Use Technology to Beat
Technology

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...


Co-operate instead of Competing
Optimism Comes from Co-operation
Its a matter of Perception and Positive
Thinking
Thank You