1. ICSI National Award for Excellence in Corporate Governance Promoting Good Governance In Indian Corporate Sector Award Conferment Function Monday, 15 th December 2003

2. It is my proud privilege to welcome

3. SHRI LAL KRISHNA ADVANI Hon’ble Deputy Prime Minister of India

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

5. SHRI M M K SARDANA Secretary Government of India, Department of Company Affairs, Ministry of Finance

6. SHRI G N BAJPAI Chairman Securities and Exchange Board of India

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

8. and The ICSI has adopted a Vision for Corporate Governance

9. Our Vision “ To be global leader in development of professionals specialising in corporate governance ”

10. Corporate Governance for ICSI -The Institute of Company Secretaries of India ”Corporate Governance is theapplication 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 responsibilityfor sustainable development of all stakeholders”

11. Our Mission “To continuously develop 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”

12. ICSI Parivar Members A Closely Knit Family of Professionals Human Assets Students The Strength behind our Vision and Mission is our

13. 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

14. These principles are the foundation of Best Governed Organisations irrespective of their form and size

15. Advantages of applying Best Corporate Governance Practices

16. Growth Growing Revenues Growing Profits Growing Market Value

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

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

19. Leading to…

20. Environment Civil Society Business Society SUSTAINABLE DEVELOPMENT

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

22. Satyam Vada Dharmam Chara - Taittariya Upanishad

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

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

25. 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

26. 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

27. “The Customer is King” - Mahatma Gandhi

28. This is the soul behind modern Marketing Management

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

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

31. This is our approach to Environment Protection

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

33. Corporates are also expected to use their Capacity, Knowledge and Resources Maximisation of stakeholders’ value and well- being and progress of humankind TOWARDS THROUGH Transparency, accountability and truthful disclosure of state of affairs Dharma Truth

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

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

36. Company Secretary Company Policies Management Functions Regulatory Compliances Ethics and Mutual Trust SUSTAINABLE GROWTH COMPANY SECRETRY navigates the CORPORATE GROWTH with GOOD GOVERNANCE

37. Company Secretary is a Vital Link GOVERNMENT AND REGULATORS GOVERNMENT AND REGULATORS CUSTOMERS PUBLIC INVESTORS SUPPLIERS EMPLOYEES Company Secretary Company Secretary

38. Company Secretaries are adequately developed to take this challenging job Course Curriculum Focuses on Essentials of Corporate Governance Extensive Pre- Membership Training Compulsory Continuing Education PMQ and Short Term Courses

39. Company Secretaries are also bound by the strict Code of Conduct

40. Thus ensuring highest level of Integrity Independence Excellence Innovation

41. The ICSI initiatives towards Good Corporate Governance

42. Post Membership Qualification Course in Corporate Governance Objectives “To provide expert knowledge to understand, analyse and apply the principles and practices of Good Corporate Governance in real life situations.“ Course Coverage 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

43. Issuing Secretarial Standards SS-1 Meetings of the Board of Directors SS-2 General Meetings SS-3 Dividend Guidance Note on Passing of Resolution by Postal Ballot Secretarial Standards issued by the ICSI so far ICSI is the only professional body in the world to issue Secretarial Standards Guidance Note on Buy Back of Securities will be issued today

44. Model Formats for Corporate Governance Reporting Original research covering 1700 companies Covering best practices and formats for better Corporate Governance

45. … and starting as an annual feature

46. ICSI National Award for Excellence in Corporate Governance Promoting Good Governance In Indian Corporate Sector

47. ICSI National Award for Excellence in Corporate Governance Best Governed Companies 2001

48. Best Governed Companies 2002 ICSI National Award for Excellence in Corporate Governance

49. Company Secretaries of winning Companies are also awarded

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

51. 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 ICSI National Award for Excellence in Corporate Governance

52. Companies that have won ICSI National Award for Excellence in Corporate Governance have

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

54. Invested significantly in proactive research and development

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

56. Dealt ethically with customers, government and business partners

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

58. ..and accomplished

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