‘Company Secretaries should turn challenges into opportunities’
| Date :09-Jul-2020 |
Business Bureau :
THE Institute of Company Secretaries of India (ICSI) has been working on developing Model Governance Codes for various entities in the country. Aligning to this momentum the ICSI recently organised a webinar on the theme ‘Governance–from grass root to global’. Speaker of the Loksabha Om Birla was the chief guest at the webinar.
The scope of work and recognition for Company Secretaries (CS) in the country has gone beyond just being a compliance officer.Appreciating the initiatives undertaken by ICSI during the lockdown, Om Birla acknowledged the role played by the Company Secretaries in making ‘Aatmanirbhar Bharat’ a reality. Birla emphasised on strengthening local Governments at the rural and urban levels. “Company Secretaries are playing a commendable role in strengthening the business environment and corporate administration of the country and they should further pledge to turn challenges into opportunities and strengthen the rural economy of the country as well,” he said.
The webinar was attended by over 60,000 ICSI members and professionals. CS Ashish Garg, President ICSI, briefed the audience about the various initiatives specifically curated by the Institute during the lockdown for the professional development of its members and students. CS Dr Shyam Agarwal, Member Appellate Authority and Past President ICSI, gave an insight of the ‘Four Governance Codes’ introduced by ICSI in 2017.
The Model Governance Code for Gram Panchayat, Corporate Anti-Bribery Code, Code for Charity Governance and the Corporate Governance Code based on ancient scriptures had all won accolades from Prime Minister Narendra Modi in 2017. Prof Ramesh K Arora, Chairman Management Development Academy, Jaipur, offered several suggestions on reforming the governance system at various levels, particularly relating to monitoring of work and a system of rewards and punishment.