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. Corporate Governance
”Corporate Governance is the application of best
management practices, compliance of law in 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

5. 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

6. Stakeholders in Value Chain
ROLE OF STAKEHOLDERS
Supply Value Addition and Give Opportunity to Co.
Funds, Materials and Management of to Satisfy their Needs
Services Resources
SUPPLIERS HUMAN
CUSTOMERS
RESOURCE
Adequate Returns for Adequate Salary and Best Quality Products
Funds, Material and Security for leading a and Customer Care at
Services Supplied Happy Life Minimum Prices
EXPECTATIONS OF STAKEHOLDERS
Potential Suppliers, Human Biological, Economic and
Resources and Customers PUBLIC Cultural Environment
PUBLIC EXPECTS PARTNERHIP FOR SUSTAINABLE DEVELOPMENT

7. 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

8. Infact, these principles are the foundation of
Best Governed Organisations
irrespective of their form and size

9. Advantages of applying
Best Corporate Governance Practices

10. Growing Growing
Revenues Profits
Growth
Growing
Market Value

11. Widening Ready Market for
Customer Base New Products
Widespread Goodwill and Brand Reputation
Access to Global Better Access to
Markets Human Capital

12. CUSTOMERS
INVESTORS
EMPLOYEES
Enhanced Trust and
Confidence of all
Stakeholders
GOVERNMENT AND
REGULATORS
SOCIETY
SUPPLIERS

13. Leading to…

14. Environment
SUSTAINABLE
DEVELOPMENT
Business Society
Civil Society

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

16. Satyam Vada Dharmam Chara
- Taittariya Upanishad

17. “Forever speak the truth and follow the dharma”

18. Truth : Disclosure of Actual State of Affairs
(Transparency in operations and transactions)

19. 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

20. 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

21. “The Customer is King”
- Mahatma Gandhi

22. This is the soul behind modern
Marketing Management

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

24. Care for Panchtatvas -
Prithvi, Jal, Vaayu, Akaash and Agni that
make a human being

25. This is our approach to
Environment Protection

26. The four essential principles of Mahatma Gandhi's
philosophy
Truth, Ahimsa, Trusteeship and Constructive Action

27. 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

28. This is our own age old mantra of
Good Governance

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

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

31. Invested significantly in proactive research and
development

32. Developed people into „achievers‟ than just
„performers‟

33. Dealt ethically with customers, government and
business partners

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

35. ..and accomplished

36. WINNING GROWING
EMPLOYEES INVESTORS
HAPPY
DELIGHTED
SOCIETY
CUSTOMERS
SATISFIED
TRUSTED
GOVERNMENT AND
SUPPLIERS
REGULATORS

37. Corporate Excellence
and Professional
Accountability
For Better Leadership
Leaders need to strive for excellence in Corporate
Governance because

38. Excellence in Corporate National
Governance leads to Excellence
National Excellence
Social
Excellence
Corporate
Excellence
Excellence in
Corporate
Governance

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

40. Professionals are adequately developed to take this
challenging job

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

42. Integrity
Independence
Thus ensuring highest level of
Excellence
Innovation

43. Opportunities to serve the Nation are unlimited

44. 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

45. CAPITAL MARKET AND
TOURISM AND HOTEL FINANCIAL SERVICES
ITS INTERMEDIARIES
TEXTILES BANKING AND NBFCS
IT ENABLED Gain DRUGS, PHARMA
SERVICES AND BPO
Knowledge of AND HEALTHCARE
IT SOLUTIONS Industry CAPITAL GOODS
INFRASTRUCTURE, AGRICULTURE AND
POWER AND TELECOM FOOD PROCESSING
MEDIA AND HOUSING AND
FMCG
ENTERTAINMENT CONSTRUCTION

46. SECRETARIAL
STRATEGY AND LEGAL
FINANCIAL AND
ACCOUNTS
Gain HUMAN
Knowledge of RESOURCES
CORPORATE Management
COMMUNICATION Functions
R&D AND
PRODUCTION
INFORMATION
MARKETING
TECHNOLOGY

47. 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

48. 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.

49. 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

50. 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...

51. Co-operate instead of Competing

52. Optimism Comes from Co-operation

53. It‟s a matter of Perception and Positive Thinking