This presentation deals with Corporate Governance framework and principles of Corporate Governance. It further enumerates how Corporate Governance leads to corporate excellence.

1. Corporate Excellence through Corporate Governance Pavan Kumar Vijay Immediate Past President, ICSI MD, Corporate Professionals

2. Corporate Governance rests with the Vision and Perception of the Leadership

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

6. Infrastructure

7. Risk ManagementBest Management Practices are Vital Here Law and Ethics are Vital Here Corporate Governance Framework

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

11. Advantages of applying Best Corporate Governance Practices

12. Growing Revenues Growing Profits Growth Growing Market Value

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

15. Leading to…

16. Environment SUSTAINABLE DEVELOPMENT Business Society Civil Society

17. Commitment to well-being and progress of all stakeholders is our age old mantra

18. Satyam Vada Dharmam Chara - Taittariya Upanishad

19. “Forever speak thetruth and follow thedharma”

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

23. - Mahatma Gandhi “The Customer is King”

24. This is the soul behind modern Marketing Management

25. Worshipping 33 Crore Godheads signifying various species, plants, cosmic elements, …

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

31. Companies that have followed these principles of Corporate Governance have

32. Consistently earned high returns, increased their net worth and enhanced their shareholders wealth

33. Invested significantly in proactive research and development

34. Developed people into ‘achievers’ than just ‘performers’

35. Dealt ethically with customers, government and business partners

36. Maintained and updated their professional management culture, system and processes

37. ..and accomplished

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

41. Professionals are acting as Catalyst in applying best practices in Corporate Governance

42. Professionals are adequately developed to take this challenging job

43. We all Professionals must also bind ourselves by a Code of Conduct

44. Integrity Independence Thus ensuring highest level of Excellence Innovation

45. Opportunities to serve the Nation are unlimited

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...

53. Co-operate instead of Competing

54. Optimism Comes from Co-operation

55. It’s a matter ofPerception and Positive Thinking

56. Thank You