This presentation deals with Corporate Governance framework and principles of Corporate Governance. It further enumerates how Corporate Governance leads to corporate excellence.
3. and A Leader need to adopt a Vision for Corporate Governance
4. application of best management practices, compliance of law in letter and spirit and for sustainable development of all stakeholders” Corporate Governance ”Corporate Governance is the adherence to ethical standards for effective management and distribution of wealth and discharge of social responsibility The Institute of Company Secretaries of India
8. ROLE OF STAKEHOLDERS Supply Funds, Materials and Services Value Addition and Management of Resources Give Opportunity to Co. to Satisfy their Needs SUPPLIERS CUSTOMERS HUMAN RESOURCE Adequate Returns for Funds, Material and Services Supplied Adequate Salary and Security for leading a Happy Life Best Quality Products and Customer Care at Minimum Prices EXPECTATIONS OF STAKEHOLDERS PUBLIC Potential Suppliers, Human Resources and Customers Biological, Economic and Cultural Environment PUBLIC EXPECTS PARTNERHIP FOR SUSTAINABLE DEVELOPMENT Stakeholders in Value Chain
9. 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
10. Infact, these principles are the foundation of Best Governed Organisations irrespective of their form and size
13. Ready Market for New Products Widening Customer Base Widespread Goodwill and Brand Reputation Access to Global Markets Better Access to Human Capital
14. CUSTOMERS INVESTORS EMPLOYEES Enhanced Trust and Confidence of all Stakeholders GOVERNMENT AND REGULATORS SOCIETY SUPPLIERS
20. Truth : Disclosure of Actual State of Affairs (Transparency in operations and transactions)
21. 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
22. 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
26. Care for Panchtatvas - Prithvi, Jal, Vaayu, AkaashandAgnithat make a human being
27. This is our approach to Environment Protection
28. The four essential principles of Mahatma Gandhi's philosophy Truth, Ahimsa, Trusteeship and Constructive Action
29. 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
30. This is our own age old mantra of Good Governance
38. WINNING EMPLOYEES GROWING INVESTORS DELIGHTED CUSTOMERS HAPPY SOCIETY XCELLENCE TRUSTED SUPPLIERS SATISFIED GOVERNMENT AND REGULATORS
39. Corporate Excellence and Professional AccountabilityFor Better Leadership Leaders need to strive for excellence in Corporate Governance because
40. National Excellence Excellence in Corporate Governance leads to National Excellence Social Excellence Corporate Excellence Excellence in Corporate Governance
46. 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
47. TOURISM AND HOTEL CAPITAL MARKET AND ITS INTERMEDIARIES FINANCIAL SERVICES TEXTILES BANKING AND NBFCS Gain Knowledge of Industry IT ENABLED SERVICES AND BPO DRUGS, PHARMA AND HEALTHCARE IT SOLUTIONS CAPITAL GOODS INFRASTRUCTURE, POWER AND TELECOM AGRICULTURE AND FOOD PROCESSING MEDIA AND ENTERTAINMENT HOUSING AND CONSTRUCTION FMCG
48. STRATEGY SECRETARIAL AND LEGAL FINANCIAL AND ACCOUNTS Gain Knowledge of Management Functions HUMAN RESOURCES CORPORATE COMMUNICATION R&D AND PRODUCTION INFORMATION TECHNOLOGY MARKETING
49. 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
50. 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.
51. 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
52. 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...