ICSI National Award for Excellence in Corporate Governance

Promoting Good Governance In Indian Corporate Sector

Award Conferment Function

Monday, 15th December 2003

It is my proud privilege to welcome

SHRI LAL KRISHNA ADVANI Hon ble Deputy Prime Minister of India

HON BLE JUSTICE SHRI M N VENKATACHALIAH Former Chief Justice of India and Chairman of the Jury

SHRI M M K SARDANA Secretary

Government of India, Department of Company Affairs, Ministry of Finance

SHRI G N BAJPAI Chairman

Securities and Exchange Board of India

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

and The ICSI has adopted a Vision for Corporate Governance

Our Vision

global leader in development of professionals

To be specialising in

corporate governance

Corporate Governance for ICSI

Corporate Governance is the application of best management practices, Compliance of law in true 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

Our Mission

high calibre professionals ensuring good corporate governance and effective management and to carry out proactive research and development activities for protection of interest of all stakeholders, thus contributing to public good
To continuously develop

The Strength behind our Vision and Members Mission is our

ICSI Parivar
Students Human Assets

A Closely Knit Family of Professionals

Principles of ICSI Parivar

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

These principles are the foundation of

Best Governed Organisations

irrespective of their form and size

Advantages of applying Best Corporate Governance Practices

Growing Revenues

Growing Profits

Growth

Growing Market Value

Widening Customer Base

Ready Market for New Products

Widespread Goodwill and Brand Reputation

Access to Global Markets

Better Access to Human Capital

INVESTORS

CUSTOMERS

EMPLOYEES

Enhanced Trust and Confidence of all Stakeholders

GOVERNMENT AND REGULATORS

SUPPLIERS

SOCIETY

Leading to

Environment

SUSTAINABLE DEVELOPMENT
Civil Society Business 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 and moral values. - Ayodhya Kand righteousness

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 wellbeing 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

Company Secretaries are acting as Catalyst in applying this mantra of Good Corporate Governance

Company Secretary
Ethics and Mutual Trust Regulatory Compliances Management Functions Company Policies

COMPANY SECRETRY navigates the CORPORATE GROWTH with GOOD GOVERNANCE

Company Secretary is a Vital Link

Company Secretary

Course Curriculum Focuses on Essentials of Corporate Governance

Extensive PreMembership Training

Company Secretaries are adequately developed to take this challenging job

Compulsory Continuing Education

PMQ and Short Term Courses

Company Secretaries are also bound by the strict

Code of Conduct

Integrity Independence

Thus ensuring highest level of

Excellence Innovation

The ICSI initiatives towards Good Corporate Governance

Post Membership Qualification Course in Corporate Governance

Objectives
Course Coverage
To provide expert knowledge to understand, analyse and apply the principles and practices of Good Corporate Governance in real life situations .
Paper 1- Conceptual Framework of Corporate Governance Paper 2 - Corporate and Board Management Paper 3 -Legal and Regulatory Framework of Corporate Governance Paper 4 - Board Committees and Role of Professionals Paper 5 - Corporate Governance - Codes and Practices Dissertation/ Project Report

Issuing Secretarial Standards

Secretarial Standards issued by the ICSI so far

SS-1 Meetings of the Board of Directors SS-2 General Meetings SS-3 Dividend Guidance Note on Passing of Resolution by Postal Ballot

ICSI is the only professional body in the world to issue Secretarial Standards

Guidance Note on Buy Back of Securities will be issued today

Model Formats for Corporate Governance Reporting

Original research covering 1700 companies Covering best practices and formats for better Corporate Governance

and starting as an annual feature

ICSI National Award for Excellence in Corporate Governance

Promoting Good Governance In Indian Corporate Sector

ICSI National Award for Excellence in Corporate Governance

Best Governed Companies 2001

ICSI National Award for Excellence in Corporate Governance

Best Governed Companies 2002

Company Secretaries of winning Companies are also awarded

Corporate Captains who have Translated Excellence in Corporate Governance into Reality were also honoured

ICSI National Award for Excellence in Corporate Governance

Life Time Achievement Award for Translating Excellence in Corporate Governance into Reality

2001
DR. VERGHESE KURIEN Chairman Emeritus National Dairy Development Board

2001
RAI BAHADUR MOHAN SINGH OBEROI Chairman The Oberoi Group

2002
DR YUSUF KHWAJA HAMIED Chairman and Managing Director Cipla Limited

Companies that have won ICSI National Award for Excellence in 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 EMPLOYEES

GROWING INVESTORS

DELIGHTED CUSTOMERS

HAPPY SOCIETY

TRUSTED SUPPLIERS

SATISFIED GOVERNMENT AND REGULATORS