Thinking visionary icsi - fbd member-june[1]
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Transcript of Thinking visionary icsi - fbd member-june[1]
Thoughts being shared by
Pavan Kumar Vijay, President ICSI
Thinking Visionary
“If you can dream it,
you can do it”
“In ever shrinking world vision must cross boundaries”
“Corporate Governance has assumed a place of strategic
importance globally”
Corporate Governance is our Core Competence
Therefore we have redefined our vision
ICSI Vision
“To be global leader in development of professionals specialising in
corporate governance”
ICSI 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”
“Thoughts are the seeds that create destiny”
So Think
Positive Global
Ethical
Developing a Vision for PCS
global
ethical
presence providing
principles”
best
“To be part of practising firms having
quality of professional services on
Opportunities are Unlimited
Think Positive
Opportunities are Unlimited
CorporateLaws
SEBI and Capital Market
Banking andFinancial Services
UnexploredAreas
Corporate Laws
• Corporate Governance
• Secretarial Compliance Audit
• Signing of Annual Return
• Pre-certification
• National Company Law Tribunal
• Corporate Mergers
• Private Liquidator
• Board Meetings through Video Conferencing
SEBI and Capital Market
• Corporate Governance• Central Listing Authority• Due Diligence• Compliance Audit of Intermediaries• Securities Appellate Tribunal (SAT) • Simultaneous Listing• Online Public Issue (E-IPO)• Buyback of Shares• Delisting of Shares
Banking and Financial Services
• Non Performing Assets
• Asset Reconstruction
• Asset Management
• Documentation
• Charges
• Due Diligence of Borrowers
• Insurance and Mutual Funds
• NBFC Compliances
Unexplored Areas
• Economic, Industrial and Labour Laws
• Finance, Accounting and Tax Laws
• Foreign Collaborations/ Joint Ventures
• WTO and Intellectual Property Rights
• International Contracts
• Arbitration and ADR
• Due Diligence
• ISO 9001:2000 Audit and Consulting
Astrologers predict the future
Think Corporate Leadership
Leaders create the future
CS
BOARD
MEMBERSSOCIETY
LENDERSREGULATORS
EMPLOYEESINDUSTRY
SUPPLIERSGOVERNMENT
CUSTOMERS
CS is a Vital Link
CORPORATE COMMUNICATION
STRATEGY
SECRETARIAL AND LEGAL
FINANCIAL
HUMAN RESOURCES
INFORMATION TECHNOLOGY
SALES AND MARKETING
R&D AND PRODUCTION
COMPANY SECRETARY
CS is the Foundation of Successful Companies
CS is Everywhere in Company
STRATEGY• Core of Decision Making Process• Planning and Executing Turnaround Strategies• Mergers, Acquisition and Takeover (MAT)• Investment Decisions• New Factory or Unit or Transfer• Global Risk Management• Join Ventures and Collaborations
CS is Everywhere in Company
SECRETARIAL & LEGAL
• Corporate Governance Requirements
• Compliance of all Laws
• Compliance of Listing Agreement
• Legal Documentations
• Preparation for Litigation
• Arbitration and ADR
CS is Everywhere in Company
FINANCIAL• Balance Sheet and Audit Committee• Project Planning and Evaluation• Financing of Projects• Internal Audit• Transfer Pricing• Tax Management• Asset management• Investment Analysis and Reporting
CS is Everywhere in Company
HUMAN RESOURCES• Compliance of Labour Laws• Appointment of Senior Management
Personnel• Compensation Management• Organisational Change Manager• Industrial Safety and Working Conditions• Industrial Relations• Immigration and Emigration
CS is Everywhere in Company
INFORMATION TECHNOLOGY
• Cyber Laws and Digital Signature
• Electronic Records and Online Filing
• Control Policy and Internal Code of Conduct
• Information Risk Management
• Information System Design
• Information System Audit
CS is Everywhere in Company
SALES AND MARKETING• Consumer Protection Act Cases• Competition Act and Unfair Trade
Practices• Sales Tax Management • Packaging Rules• Agreements with Customers• Arbitration and Dispute Settlements with
Customers
CS is Everywhere in Company
R&D AND PRODUCTION
• Intellectual Property Rights – Patenting Products, Process, Designs, etc
• Compliance of Industrial Laws
• Compliance of Environment Laws
• Industrial Safety Policy
• Ensuring Better Working Conditions
CS is Everywhere in Company
CORPORATE COMMUNICATION
• Conducting high profile meetings
• Communication with all stakeholders
• Board and Employees
• Investors and Stock Exchanges
• Government and Regulators
• Press and Electronic Media Liaison
• General Public
Everything we discussed here is taught at the
ICSI
We have seen CS is everywhere
CORPORATE COMMUNICATION
STRATEGY
SECRETARIALAND LEGAL
FINANCIAL
HUMAN RESOURCES
INFORMATION TECHNOLOGY
MARKETING
R&D AND PRODUCTION
Hence Company Secretary is
Strategic Manager and Corporate Planner
Conscience Seeker
Competitive Differentiator
Agent of Corporate Growth
Extended Arm of Government
Geography is History Now
Think Global
YEAR 2005
Opening of the Services Sector
Under WTO
Perception 1
Threat Threat
Th
reat
Th
reat
Pessimism
Threat of Invasion of Service Sector by 145 Member Countries of WTO in India
Perception 2
OpportunitiesOpportunities
Op
port
unit
ies
Op
portunities
Optimism
Opportunity to Invade Service Sector of 145 Member Countries of WTO by India
Global Opportunities
• Multinational Corporate Governance
• International Regulatory Framework
• International Fund Raising
• Intellectual Property Rights
• Business Process Outsourcing
Global Challenges
• Quality of Service
• Time Commitment
• International Operational Infrastructure
• High degree of competition among professionals
Global Strategy of ICSI
• Redefined Vision for Global Leadership
• Constitution of International Perspective Committee and Dedicated Section at ICSI
• Constitution of Working Group on WTO
• Synergising on Network of NISIET (Hyd)
• Opening Chapters of ICSI in Foreign Countries
• International Trip for Members
Threats can always be converted into opportunities by synergising on core competencies i.e. Brand, Knowledge,
Infrastructure and Capital
Synergy Comes from:
Collaborative Strategies
Collaborative Processes
Collaborative Services
Think C-Commerce i.e Collaborative Commerce
How about collaborating with co-members and creating multinational mega firms?
CorporateLaws
EconomicLaws
TaxationLaws
WTO & IPR
InternationalLaw
IT & BPO
ManagementConsulting
Quality of
Service
Finance and Accounting
Commerce
BrandSynergy
InfrastructureSynergy
CapitalSynergy
Collaborative Consulting Model
SingleWindowInterface
KnowledgeSynergy
GlobalPresence
Growing Revenues
Growing Customers
Growing Nations
Multinational Mega Firms on C-Commerce
Benefits of Multinational Mega Firms
• United We Stand – Divided We Fall
• Global Reach of Professionals
• Wider Area of Expertise
• Active Networking and Public Relations
• Global Infrastructure Sharing
• Best Practices/ Expertise in Management of Firm
We have seen fall of a Fortune 500 company in less than a year
Closure of one of the oldest and biggest professional firms in international practice
Leading to
Think Professional Ethics
ICSI Professional Ethics Strategy
• Strongly following professional principles of integrity and independence
• Strictly enforcing Code of Conduct
• Following effective and fast disciplinary action process (3 to 6 Months)
• Peer review and audit of company secretaries in practice
ICSI Initiatives for Members
• Creating Mass Awareness about Profession• Redefining Discipline and Code of Conduct• Continuous Professional Development
– PMQ Courses and Short Term Certificate Courses
– Workshops, Seminar and Conventions– Compulsory Continuing Education– Compulsory Article, Research Paper or
Presentation by each member
ICSI Initiatives for Members
• Database of member on the www.icsi.edu• Online firm name availability check and firm
registration• Rationalisation of Company Secretaries
Regulation• Facilities for Growth of Members
– Professional Indemnity Insurance Cover – Practice Management Solution (ERP) – Tie-up with Commercial Banks for Office
Equipment Loan
ICSI Initiatives for Members
Understanding You• Identifying unemployed members and reasons for
unemployment• Professional counseling and personality
development• Imparting new skills – special short term courses• Identifying companies not employing company
secretary or where members can act in other capacity• Using professional placement service agencies• Using www.icsi.edu and Member’s References
Different Services
CERTIFICATION
ADVISORY ANDCONSULTANCY
AUTHORISEDREPRESENTATIVE
DUE DILIGENCE
PROCEDURAL
OUTSOURCING
Different Scales
SMALL SCALE
MEDIUMSCALELARGE
SCALE
Different Industries
AUTOMOBILE
FINANCIALSERVICES
BANKING
PHARMACEUTICAL
PROJECTS ANDCONSTRUCTION
INFORMATION TECHNOLOGY
FMCG
ELECTRCALS &ELECTRONICS
Functions of CS vary from segment to segment
ICSI is coming out with brochures on
Segment-wise Role of Company Secretaries
The ICSI is
CHANGING
ICSI Brand
• New Vision and Mission Statements
• New Style of writing the name of the Institute
• New Standard Colour Scheme
• New Baseline/ Tagline
• New Brand Communication tools – advertisement, profile, prospectus, brochures, letterhead, visiting card and other printed material
ICSI Advertisements
Change requires the strength of
ICSI Parivar
Members
A Closely Knit Family of Professionals
Students
Human Resources
ICSI Parivar
• Mutual Trust, Transparency and Togetherness
• Unrestricted Communication and Continuous Feedback
• Sharing Knowledge, Success Stories and Experience
• Communication of feelings and Sharing Happiness and Concerns
• Helping Each Other – Round the Clock
Expectations from Us
• Active participation in programmes
• Subscription to various publication
• Management Training in our companies/ firms
• Help in placement of our members
• Subscription to Benevolent Fund
• Volunteer in Change Process at ICSI
1 and 1 can make 11and
we are over 16 thousand 1s
At ICSI Parivar we can surely do wonders
Finally Business is like a
Car Race
ICSI helps you
Design the Car
ICSI guides you
The Road Ahead
ICSI teaches you
How to Drive the Car
who have to actually drive the car and win the race
Its YOU