ICSI-EIRC observes corporate governance week

Last Updated: Fri, Aug 31, 2012 13:07 hrs
ICSI-EIRC observes corporate governance week

Kolkata, Aug 31 (IBNS) The Institute of Company Secretaries of India- Eastern Indian Regional Council (ICSI -EIRC) on Thursday observed 2nd ICSI Corporate Governance Week by organising a full day seminar on 'Good Governance For Sustainability'.

The week is being observed across the country from Aug 27 to 31. The idea behind the ICSI Corporate Governance Week is to create awareness, propagate the best practices of Corporate Governance and mainstream corporate responsibility in the social fabric.

Amlesh Bandopadhyay, Member (Technical), Company Law Board, Kolkata graced the occasion as the Chief Guest at the Inagural session of the seminar.

He in his address said that Indian GDP has grown in a fast paced manner during the last decade and this growth is due to good Corporate Governance.

He said due to good Corporate Governance, corporates' are growing and economy is booming. He also pointed out that for a business the foremost aim should not be profit maximisation but sustainability.

He advised the younger members of the profession that professional integrity is a must for being a successful professional and to ensure that the rule of law is implemented in letter and spirit.

He also stressed that Company Secretaries being governance professionals, should report to the regulators in case of any anomalies in the business. He also appreciated the institute's effort of conducting and organising this type of programs. He also released a publication of the Institute titled "Role of Company Secretary in Corporate Governance" .

CS Ranjeet Kanodia, Chairman, ICSI spoke on the various initiatives taken by ICSI to improve standards of Corporate Governance like setting up of ICSI CCGRT (Centre For Corporate Governance, Research and Training) in Navi Mumbai to foster and nurture research activites.

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