HANGOUTS - IICA · 5 Lead Story IICA goes digital: Conducts Google+ Hangouts with NextGen w ith...

HANGOUTS

IICA Launches e-learningPlatform

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In This Issue

Google+ Hangouts: IICAGoes Digital

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IICA Thought Box : TheCSR Opportunity

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I S S U E 6: Q UA R T E R 1, 2014

Corporate AffairsPartners in Knowledge. Governance. Transformation.

Indian Institute of

Corporate AffairsPartners in Knowledge. Governance. Transformation.

Indian Institute of

Fostering excellence in Corporate Governance

India’s premier educational and research institution : The Indian Institute of

Corporate Affairs

The Indian Institute of Corporate Affairs (IICA) was registered as a society on September 12, 2008 under the Societies Registration Act, 1860. An autonomous institute, IICA works under the aegis of the Ministry of Corporate Affairs to deliver opportunities for research, education, and advocacy. It is also a think tank that curates a repository of data and knowledge for policy makers, regulators as well as other stakeholders working in the domain of corporate affairs.

Set up as the premier organisation that aims at providing astute and credible intellectual leadership in corporate regulation, governance and running sustainable businesses, IICA is a think-tank, capacity building and service delivery institute. Its work enables corporate growth, reforms and regulation through synergised knowledge management, and global partnerships thus offering real-time solutions. IICA propels knowledge and training through its network of schools and centres.

It has six departments and six hubs of excellence carrying this vision forward.

The institute, spread across a sprawling 14-acre, has state-of-the art infrastructure. Its main building is eight storeyed high and is eco-sensitive. The campus has residential blocks, hostel facilities for staff and students, recreational centre, a well-stocked library, an in-house auditorium and an efficient knowledge management system.

Key activities carried out by IICA include induction and in-service training to Indian Corporate Law Service (ICLS) officers, capacity-building and training programs, policy advisory functions, public outreach and stakeholder consultations through seminars, conferences, and forums.

IICA also supports Ministry of Corporate Affairs (MCA) initiatives on all matters relating to Corporate Affairs. Anticipation of corporate needs for effective functioning, reviewing corporate laws for effective amendments to cater to evolving business environments, exploring new paradigms such as investor education, protection and grievance redressal and periodic reviews and updation of definitions, components and activities related to corporate governance are other prominent initiatives of the institute.

ContentsFrom the DG’s Desk 4

LeAD SToRy: 5

IICA goes digital: Conducts Google+ Hangouts with NextGen

PARTNeRSHIPS 9

INTeRNATIoNAL eveNTS 14

NATIoNAL eveNTS 16

woRKSHoPS 16

TRAINING PRoGRAMMeS 22

SeMINARS, CoNFeReNCeS & PReSeNTATIoNS 28

IICA RePReSeNTATIoN AT vARIouS FoRA 37

Corporate News 44

Thought box : The CSR ‘opportunity’ 46

IICA Research studies: Centre of excellence for Sustainable Development (CeSD) 48

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From the DG’s Desk

Dear Readers

once again we are back to share the happenings of the corporate world in general and IICA in particular, over the last quarter. The most exciting

happening was the notification of some of the rules

pertaining to certain sections of the Companies’ acts - notably that on Section 135 - on CSR. our effort since then has been, as in the previous quarter, to reach out and share the implications and ramifications of these not only with the corporate sector who are directly impacted, but also with the implementing agencies who are potential partners in the CSR journey. To this end, we have conducted Q&A sessions with the corporate sector and international bodies and at the same time, provided platforms for sharing of experiences and for skill and capacity building for both NGos and corporate entities. our Thought-Box too, this quarter, explores the perception of CSR as an opportunity rather than a compulsion.

our constant effort is to reach out to as many numbers as we can for enhanced communication, experience sharing and dissemination of information. This was the reason that we stepped out of the confines of boardroom and meeting room walls. we entered the digital interaction space of Google+ Hangout© with three national and international engagements in the web-space with different sectors, debating on specific issues related to CSR along with our eoI partners NextGen. In the same digital mode, IICA also launched its e-learning platform, furthering the vision of creating and sharing the most accessible knowledge dissemination and capacity building content and systems in the world of Corporate affairs.

In accordance with our mission of establishing the most effective partnerships with institutions, associations and organisations across the globe, IICA proudly signed Mous with the public sector, the private sector, a couple of prestigious professional government institutions, international institutions of repute and professional industry associations in the country. we go from strength to strength and the collaborations enrich us, our partners and those whom we represent - the corporate world.

IICA believes in the power of innovation and the Business Innovation Centre has been working on all frontiers to ensure sustainability - the round table on the first green incubator of the country that is to be housed in IICA, bears witness to that commitment. Training and awareness generation programmes as always, have formed the bulk of our activities across schools, including several forerunners such as the training for SFIO officers, orientation programmes for Company directors with the Institute of Directors(IoD), uK and the multiple training programs in the finance sector.

Research took the forefront in the field of sustainability with the Centre for excellence in Sustainable Development completing three research projects, which helped to build up the knowledge repository at IICA. A national research workshop was conducted exploring Corporate Governance where research papers were received from across the country. we published the “CSR India Ready-reckoner: A handbook on the law”. This handy booklet, with the sections referenced and containing a brief history of the CSR India journey, has caught the imagination of CSR practitioners across the country.

As always, we await your feedback and suggestions, and invite your contributions to the newsletter, as they enrich and invigorate the content, making the process both enjoyable and engaging. until the next time — happy reading!

IICA Newsletter : JANuAry - MArCh 2014

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L e a d S t o r y

IICA goes digital: Conducts Google+ Hangouts with NextGen

with Corporate Social Responsibility (CSR) being made mandatory

for all Corporates from April 1, 2014 in the form of Section 135 of the Companies Act 2013, companies have now started recognising CSR as a core activity, and are trying to find innovative methods to utilise their CSR funds in an effective manner.

Information and clarification across the corporate world has become significant. In this scenario, the Indian Institute of Corporate Affairs (IICA), Ministry of Corporate Affairs, along with NextGen, one of India's fastest growing cleantech companies, has harnessed the power of the Internet to facilitate a conducive environment for Corporates, Government bodies and NGos to connect with each other and discuss their CSR initiatives.

This has taken the form of a series of Google+ Hangouts with stakeholders from various sectors.

The Indian Institute of Corporate Affairs took part in three Google Hangout sessions.

Session on integrating CSR into business strategy of IT-BPM companies in light of Section - 135

The first Google+ hangout brought together several top notch corporate and executives, and Government representatives. The objective of the online session was to discuss the business strategies and the potential of CSR delivery in India by the IT-BPM sector.

The panellists included Dr. Bhaskar Chatterjee, DG&Ceo, IICA; Mr. R. Chandrasekhar, President, NASSCoM; Mr. Ravi venkatesan, Founder and Chairman, Social venture Partners and former Chairman, Microsoft India; Mr. Krishna kumar Natarajan, Ceo and Managing Director, Mindtree Ltd; Mr. R Chandrasekaran, executive vice Chairman, Cognizant Technology Solutions India Pvt. and Mr. Mohit Thukral, Senior vice President, Financial Services, Insurance and Health Care, Genpact.

This session was moderated by

Dr. Bhaskar Chatterjee, DG&CEO, IIC (L) and Mr. Mark Lowcock, Permanent Secretary, DFID (R) during the Google+ Hangout session

Companies have started recognising CSR as a core activity, and are trying to find innovative methods to utilise their CSR funds in an effective manner. Information and classification across the corporate world has become significant.

January 31, 2014

Lead Story

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Malvika Jain from CNBC Tv18.

Dr. Chatterjee initiated the session with his introductory remarks about the landmark legislation, the potential of Section-135 and the integration of the Shared value concept into CSR.

He shared the information that the companies are required to spend two percent of their PBT on CSR, and that they must provide appropriate reasons for their inability in case of non-compliance. He further said that the job of the CSR committee is to monitor the CSR agenda and provide a strategic way forward.

Talking about collaborative efforts between IT companies, Mr. Chandrasekhar exemplified initiatives such as My Kartavya, started by the NASSCoM Foundation. He stressed upon and agreed with several other panelists on the fact that collaboration between corporates and NGos is necessary and inevitable.

During the session, Mr. venkatesan pointed out that an organization should pick and choose issues where they not only provide money, but also the know-how to take the project forward. He added that, “It is also very important to choose issues which the senior management is passionate about. Corporates should reach out to the NGos that work in their areas of intervention and

make use of their knowledge and experience while also allowing the NGos to scale up.” The overall discussion was very insightful, interesting and inspiring.

Roundtable on CSR for Cement Sector in light of Section-135, Companies Act, 2013

March 13, 2014

The second Google+ hangout session was a collaborative effort between the Indian Institute of Corporate Affairs (IICA), Cement Manufacturers Association (CMA), and Institute for Industrial Productivity (IIP). The objective of this video conference was to exchange views on how best the Cement industry can further the CSR agenda in India through a collaborative approach for maximum impact.

The panellists for the session were Dr Bhaskar Chatterjee, DG&Ceo, IICA, Mr L Rajasekar, executive President, ultratech Cement Ltd; Mr Mahendra Singhi, Group Ceo & whole time Director, Dalmia Cement Ltd; Mr S K wali, whole time Director, JK Lakshmi Cement Ltd; Mr ujjwal Batria, Managing Director, Lafarge India Pvt Ltd; Mr Jigar v Shah, executive Director, IIP; Mr N A viswanathan, Secretary General, Cement Manufacturers’ Association (MCA).


Mr. R. Chandrasekhar, President, NASSCOM, addressing panellists through Google+ Hangout

Mr N A Viswanathan, Secretary General, MCA, during Google+ Hangout

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Mr. Abhishek Humbad, Co-founder & Director, NextGen, moderated the session.

The opening remarks were delivered by Dr. Chatterjee, who pointed out that the companies need to take some initiatives as the Ministry of Corporate Affairs is releasing the CSR rules which would take place from April 1, 2014. He said that “our belief is that these rules and the new Companies Act will help us all to strategize and structure our CSR, so that they can have real impact on the ground and help in India’s social and economic development.” He further said that “the IICA is, of course, the apex organisation in the country which is going to look at the CSR space.”

Shri viswanathan, in his opening remarks, pointed out that even before CSR was notified under the law “The cement industry has been taking the lead in initiatives on CSR in areas such as vocational training, skill development, health care, water management etc.”

Mr. Batria said that the industry welcomes such initiatives and “Is looking forward to gaining more clarity on how funds should be distributed between an integrated unit and a grinding station as most of the integrated plants of the cement industry are located in remote areas, whereas grinding stations are closer to the main cities.”

Mr. wali raised some concerns that have arisen with the introduction of the new Companies Act 2013. He questioned “How will the expenditure on CSR activities be calculated when the company gets no or less profit, and will there be any body other than the board of the company to ratify the documentation of CSR activities, or should companies ask IICA to go through the initial documentation?”

The session deliberated on how social delivery can be integrated into business with CSR as the driver of inclusive growth. The knowledge exchange session also assisted cement companies to comply with Section 135 in a way

Q. What is the purpose of these hangouts?

It is a huge opportunity to help in the overall development of the country. we wish to reach out to corporates across the country and inform them where they may employ their CSR capital. It is an open arena. you can invest in innovation, you can bring your heart into the business that you do, and that is very important.

Q. Where do you see these Google Hangouts reaching from a corporate point of view?

Google Hangouts and similar on-line collaborations have a great potential within the corporate sector. Such online conferences are the easiest way for corporates to understand and interact with the Government bodies, other corporates, and try to collaborate with each other. It is a great opportunity for corporates, which we hope they will utilise to its fullest extent.

Q. What do you think is the future of such interventions?

Given the range of companies and sectors who fall within the CSR mandate of Section 135, the future is very bright. we will probably be conducting such hangouts every fifteen days.

In order to reach out to corporate entities across the country, IICA joined hands with its EOI partner NextGen for the dissemination of information regarding the provisions of the Companies Act 2013.

IICA CorpComm team met up with Ms Richa Bajpai, Director and Co-founder, with a few pertinent questions on the reach, effectiveness and future of this unique venture in the corporate world initiated by the IICA.

Lead Story

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that it mutually benefits both, business and society.

DFID and UNFPA Hangout with India Inc to discuss ways of ‘Engaging Businesses for Improved Safety, Health Education & Employment for Girls and Women’

March 20, 2014

The uK’s Department for International Development (DFID) along with NextGen and IICA organised the third Google+ Hangout Session on ‘engaging Businesses for Improved Safety; Health; education and employment for Girls and women’ with distinguished panellists: Mr. Mark Lowcock, Permanent Secretary, DFID; Dr. Bhaskar Chatterjee, Director General and Ceo, Indian Institute of Corporate Affairs (IICA); Ms. Freiderika Meijer, united Nations Population Fund (uNFPA), Representative, India and Bhutan; Ms. Naina Lal Kidwai, Country Head, HSBC; Mr. Amitabh Choudhry, Managing Director & Ceo, HDFC Standard Life; Mr. Rohit Adya, Director external Affairs, vodafone India.

The session was moderated by vineetha Athrey, Senior Correspondent, CNBC Tv 18.

Mr. Lowcock initiated the conversation by stating that “The new Companies Act 2013 has changed the CSR scenario for India”. He stressed that

the “organizations such as DFID and uNFPA must reach out to the corporate sector with options for investment in gender equity programmes that are both - replicable and sustainable.” He expressed his own opinion regarding investing in the girl child –“It is not just in the interest of girls but for society at large,” he said.

Ms. Meijer affirmed that this conversation was well-timed. She shared details on uNFPA interventions on delaying marriage and childbearing. She emphasized the need to help develop the health, social and economic assets of both ‘in-school’ and ‘out-of-school’ girls.

Dr. Chatterjee stated that the new legislation ushers in a new wave of thought that would help eliminate gender-bias across levels. He stressed that “The more we eliminate the perception of gender bias, the more we get closer and closer to the objective of empowering women and girls to play their really evolved role in societies”. He further said that “CSR in particular provides us huge opportunity; it is a window that allows corporates to use innovation to get close to the ground and interact with communities.”

one of his thrust points was that stressed that “The involvement of Corporate sector brings three key strengths:

1. More power in impact for every rupee

2. Leadership in execution and

3. Innovation for transformation.”

The discussion ended with Ms. Meijer reiterating the uN’s ability to act as a bridge between sectors to help bring projects to scale. She also highlighted the uN Secretary General’s vision of strategic involvement of the private sector in setting the post-2015 agenda. n

Ms. Freiderika Meijer, United Nations Population Fund (UNFPA), Representative, India and Bhutan, during the online conference


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P a r t n e r S h i P S

IICA inks pact with FICCI for partnership in promoting Corporate Affairs Agenda

January 13, 2014

The Indian Institute of Corporate Affairs (IICA), and Federation of

Indian Chamber of Commerce and Industry (FICCI) signed a Memorandum of understanding (Mou) on January 13, 2014, to collaborate and partner with each other in the areas of Corporate Social Responsibility, Competition Law, Corporate Law, Corporate Governance, Inclusive Growth and Sustainable Development of the industry and the economy.

The Mou aims at facilitating collaboration towards advancement of knowledge on the basis of reciprocity, best effort, mutual benefit,

and frequent interactions. IICA and FICCI have agreed to (a) organize awareness programmes to promote various aspects of the new Companies Act 2013, especially Corporate Social Responsibility, across major cities in India and (b) undertake capacity building measures in the endeavour to mainstream the adoption of CSR and responsible governance practices by the industry and any other corresponding activity.

The Mou was signed by Dr. Bhaskar Chatterjee, Director General & CEO, IICA and Dr. Didar Singh, Secretary General, FICCI.

on the occasion, Dr. Chatterjee said that “FICCI and IICA are organizations uniquely positioned to synchronize their activities and it is fortuitous that both have come together at a time when the corporate world is changing at a fast pace. The new Companies Act includes and is informed by several aspects of International corporate legislation and function.”

IICA and FICCI staff members during the MoU signing ceremony

Dr. Didar Singh and Dr. Bhaskar Chatterjee with the MoUs

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He added that “The corporate world needs to be aware of these new aspects that have been included. IICA and FICCI in their individual roles as the repository think tank of the Ministry of Corporate Affairs and the cumulative representation of the corporate world are, therefore, well placed to partner in this task of creating awareness and enabling compliance to the provisions of the act.”

Dr. Singh, in his speech, pointed out that the Companies Act, 2013 contains numerous provisions enacted with the objective of enhancing transparency and corporate governance in the functioning of companies. Through this partnership agreement both the partners will strive to promote these aspects and create

awareness with regard to the new Companies Act, 2013, with a special focus on Corporate Social Responsibility.

others present at the Mou signing ceremony were Mr. Atul Dev Sarmah, Head – Centre for Institutional Partnerships and Corporate Communications, IICA; Ms. Chetna Kaura, Chief Programme executive, NFCSR, IICA; Mr. Nikhil Pant, Chief Programme executive, NFCSR, IICA; Ms. Gayatri Subramaniam, Chief Programme executive, NFCSR, IICA; Ms. Swagata Sen Pillai, Senior Programme executive, Institutional Partnerships and Corporate Communications, IICA; Dr. K. K. upadhyay, Head-CSR, FICCI and Ms. Jyoti vij, Deputy Secretary General, FICCI. n

The Indian Institute of Corporate Affairs (IICA) signed an Mou

with the Serious Fraud Investigation Office (SFIO), a multidisciplinary organisation that investigates serious financial frauds, on February 10, 2014 at the IICA campus in Manesar.

SFIo is an investigating agency wherein experts from banking sector, capital market, company law, forensic audit,

P a r t n e r S h i P SSFIO joins hands with IICA

Dr. Bhaskar Chatterjee and Mr. Nilimesh Baruah during the Mou signing ceremony

February 10, 2014

The corporate world needs to be aware of the new aspects that have been included in the Companies Act 2013.


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SFIO and IICA MoU signing ceremony at Manesar

law, taxation, information technology etc. work together to unravel corporate fraud.

This Mou takes on special significance in view of the clear definition of fraud provided in the Companies’ Act 2013. It is aimed at capacity building for SFIO officers through frequent interactions and industry exposure, while informing corporate entities about the parameters of fraud and investigation in business.

The Mou was signed by Dr. Bhaskar Chatterjee, DG&CEO, IICA and Mr. Nilimesh Baruah, Director, SFIO.

with the signing of the Mou, both the parties arrived at a broad consensus towards partnering with each other in the areas of (a) training of officers of SFIo, (b) documentation of investigation cases through

developing case studies both for training purposes and for usage in the understanding of fraudulent behaviour and modus operandi, (c) entering into tripartite Mous and agreements with national and international academic institutions and universities for undertaking projects in areas of mutual interest such as devising systems and procedures for effective and efficient fraud investigation methodology, use of technology and forensic techniques in investigation process, standardization of investigation reports, etc.

The agreement was signed at the commencement of a three and a half day’s training programme for Senior Officers of Serious Fraud Investigation Office (SFIO) conducted by the Centre for Responsible Corporate Governance, IICA, Manesar. n

P a r t n e r S h i P SIICA signs MoU with MPCON

February 10, 2014

IICA and MPCON MoU signing ceremony at Hotel Best Western Resort and Country Club, Manesar

The Indian Institute of Corporate Affairs (IICA) signed an Mou

with the M.P Consultancy Organisation Limited (MPCON Ltd.), a premier consulting organization, on February 10, 2014 at Hotel Best western Resort and Country Club, Manesar.

established in 1979, MPCoN has consistently endeavoured

PartnershiPs

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IICA staff members with Dr. Bhaskar Chatterjee and Mr. Surajit Roy, during the MoU signing

to provide quality consulting services and created a niche market for itself. The core expertise of the company lies in executing project consultancy assignments and training & capacity building in the field of livelihood promotion. Some of the new fields MPCON has ventured into are financial inclusion, solid & liquid waste management and renewable energy.

The agreement was signed for the purpose of collaboration that will encompass CSR activities, trainings and joint workshops, seminars and conferences.

The Mou was signed by Dr. Bhaskar Chatterjee, DG&CEO, IICA and Mr. Surajit Roy, Managing Director, MPCON Ltd.

According to the Mou signed between the two parties, MPCoN will be responsible for the setting up and maintenance of the IICA CSR portal that will be hosted by the MCA. This is in keeping with the Ministry’s efforts to reach out to corporate entities with information regarding Section 135 of the Companies’ Act which deals with CSR.

IICA and MPCoN Ltd. have also agreed to collaborate to (a) conceptualize and develop agenda, course content and modules (b) organize courses and (c) award certificates in the area of CSR. The institutions would jointly decide about the publicity initiatives, infrastructure, faculty members, target audience and the course content. n


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Mr. Ashok Kapur, Registrar, IIFT (L) and Ms Vijaya Katti, Chairperson & Prof. IIFT (R) at the MoU signing ceremony

P a r t n e r S h i P SIIFT signs MoU with Indian Institute of Corporate Affairs (IICA)

Dr.Bhaskar Chatterjee (Left) and Dr. Surajit Mitra (Right) sign the MoU at IICA campus, Manesar

March 14, 2014

The Indian Institute of Foreign Trade (IIFT) and the Indian Institute

of Corporate Affairs (IICA) signed a Memorandum of understanding (Mou) on March 14, 2014 at IICA campus, Manesar, to establish a partnership in training, cooperation and collaboration in the area of Corporate Social Responsibility, Corporate Law, Corporate Governance and any other area mutually decided by the two institutions.

The Mou, signed by Dr. Bhaskar Chatterjee. DG & CEO, IICA and Dr. Surajit Mitra, Director & Vice Chancellor, IIFT, aims at exploring and discussing means of collaboration in the areas of capacity building, research & publication, faculty exchange etc.

Both the parties are also committed to the purpose

of exploring academic collaboration that will include offer and award of degree/diploma/certificate courses of contemporary importance; exchange members of faculty and students between the two parties; other academic activities; research and publication; offer of expert advice to regulatory and other government authorities and joint workshops and conferences. In addition to this, active efforts will be made to develop joint training and research programmes that will be pursued in a collaborative spirit.

others present at the Mou signing ceremony were Mr. Atul Dev Sarmah, Head – Centre for Institutional Partnerships and Corporate Communications, IICA; Ms. Chetna Kaura, Chief Programme executive, NFCSR, IICA; Ms. Swagata Sen Pillai, Senior Programme executive, Institutional Partnerships, Ms Vijaya Katti, Chairperson &Prof. IIFT, Mr. Rakesh Joshi, Protocol Officer, IIFT and Mr. Ashok Kapur, Registrar, IIFT. n

PartnershiPs

The Indian Institute of Corporate Affairs (IICA), Manesar in collaboration

with the Foundation for MSMe Clusters (FMC), Confederation of Indian Industry (CII), united Nations Industrial Development organisation (uNIDo), and TCI Network organised an International Conference on Cluster Development at Lalit Hotel, New Delhi.

The aim of the International Conference, supported by the eu SwITCH Asia project “Scaling up Sustainable Development of MSMe

Clusters in India” and funded by the european union, was to create a platform to discuss the approaches taken and results achieved through recent cluster development projects with a particular focus on cluster based policy advisory.

It also aimed to capture information about the major global trends in this field, and to reflect upon current strategies of policy makers in light of new trends affecting MSMe development (e.g. to address various thematic issues like innovation, CSR, infrastructure, poverty

i n t e r n a t i o n a LIICA collaborates in ‘International Conference on Cluster Development’ for MSMEs

Inauguration of the International Conference on Cluster Development for MSMEs

February 20-22, 2014

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Focus: Scaling up sustainable development of MSMes in India

Theme one: Capturing new developments in cluster initiatives


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Mr. Gerardo Patacconi, Chief-CBL Unit of UNIDO, Vienna, addressing the audience.

alleviation, environmental sustainability, etc. in clusters).

various resource persons who enlightened the workshop with their presence included Mr. Gerardo Patacconi, Chief, CBL unit of uNIDo, vienna, Mr. Deep Kapuria, Chairman, CII, SMe Committee, Mr Madhav Lal, Secretary MSMe, and N.K Maini, Deputy Managing Director, SIDBI.

Sessions on the first day of the programme shed light on “Capturing new developments in cluster initiatives and insights from thriving clusters globally” with two break-out sessions on (a) Sustainable consumption and production, and (b) Cluster based approaches to promote innovation with examples of concrete projects and case studies.

The second day was dedicated to the theme “Towards inclusive and sustainable cluster based policy development”. The topics of discussion during the two

break-out sessions were (a) Clusters as a tool to promote competitiveness and inclusive growth, and (b) experiences in infrastructure creation to facilitate cluster development, covering examples of eco-industrial parks and special economic zones (SeZs). This was followed by B2B (Business to Business) meetings wherein participants were allowed to build network with peers from different countries and sectors, exchange further experiences and explore options for potential collaboration.

The last day of the conference included visits to industrial and handicraft clusters in Rajasthan and Punjab. The purpose of the cluster visits was to expose the participants to the “do’s” and “don’ts” of the cluster development programme. It also gave participants a chance to interact with cluster members and local cluster development agents and experience how different stakeholders perceive the process. n

Theme two: Towards inclusive and sustainable cluster based policy development

InternatIonal

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n a t i o n a l e v e n t s

The Indian Corporate Law Service (ICLS) Academy, established in the Indian

Institute of Corporate Affairs (IICA), conducted several training programmes in first quarter (January –March) for Probationary Officers (PO’s), Senior Technical Assistants (STAs) and officers of the Official Liquidator, Delhi.

In the month of January, February and March, the academy conducted an Induction Training Programme for ICLS Probationers (4th Batch). The training programme (1st Phase) began on 16th December, 2013 and would continue till April 2014. The first phase of the training programme will shed light on topics such as Corporate Law and Accounts, and will also include visits to the offices of Regional Director (North), RoC, Delhi and Haryana.

The Academy organised the Training of officers and officials of the Official Liquidator, Delhi. The Training programme for 10 officers & officials started on December, 16, 2013 and was concluded on January 13, 2014. The programme

included sessions on topics such as Powers of Liquidator, Dissolution of Company, voluntary Liquidation, Basics of Accounting, Statement of Affairs, Inspection of Books and Records, SARFAeSI Act etc.

This was followed by a Mandatory Training Programme for Senior Technical Assistants (STAs) of Ministry of Corporate Affairs organised by the Academy from February 3, 2014 to February 28, 2014. The topics covered in this training programme included Company Law, Accounts, Noting & Drafting etc. 12 STAs participated in the training programme.

In the month of March, the Academy conducted Induction Training of 5 ICLS Probationary officers (1st Phase). A Corporate visit was organised for the Pos to Nestle India Ltd. The programme included 5 days of training at the National Institute of Securities Markets (NISM) from March 24 to 28, 2014, and National Institute of Financial Management (NIFM) commencing on March 31, 2014 scheduled to conclude in April 2014. The topics covered

W o r k S h o P STraining programmes conducted by ICLS Academy

Induction Training was conducted for the 4th Batch of ICLS Probationers.


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February 14-15, 2014W o r k S h o P S

Inauguration of the National Research Workshop on Corporate Governance at the IICA, Manesar

The School of Corporate Governance and Public Policy, Indian

Institute of Corporate Affairs (IICA), organized a Two-Day Residential National Research workshop on ‘Corporate Governance Practices in India: Retrospect and Prospects’ at IICA Manesar Campus, with the aim of identifying new areas of research in

Corporate Governance and issues emerging in the current scenario, and analysing how the Companies Act 2013 would change the landscape

The School of Corporate Governance and Public Policy, Indian Institute of Corporate Affairs (IICA), organized a Two-Day Residential National Research workshop on ‘Corporate Governance Practices in India: Retrospect and Prospects’ at IICA Manesar Campus, with the aim of identifying new areas of research in Corporate Governance and

Two Day (Residential) National Research Workshop on ‘Corporate Governance Practices in India: ‘Retrospect and Prospects’

during the 1st phase of training were Corporate Law and Accounts and included visits to the offices of RD (North), ROC, Delhi & Haryana and oL, Delhi.

The Academy also commenced a Mid-Carrier Training Programme for ICLS Officer

(STS level) from March 31, 2014 to April 4, 2014. The training programme encompasses various topics such as Company Law, Accounting Standards, Corporate Governance etc. 11 ICLS Officers (STS level) are currently participating in the training programme.n

NatioNal eveNts

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issues emerging in the current scenario, and analysing how the Companies Act 2013 would change the landscape of corporate management and governance in our country.

The workshop brought together research scholars and faculty from across India and different institutions/ universities engaged in inter-disciplinary studies, to deliberate on issues and themes related to Corporate Governance and Corporate Social Responsibility.

Calling the event the ‘first National workshop in the area of Corporate Governance’, Prof Asish K Bhattacharyya, Head of School of Corporate Governance and Public Policy, extended a warm welcome to all the participants and explained how IICA can function as the ‘right platform’ to understand how the new Companies Act 2013 would change the ambit of Corporate Governance. He said that “The Government, institutions like IICA and other business universities/Institutes need to understand that business is not only about making money or profits, it is about ‘creating value for marginalised sector of the society’” .

Some of the key speakers and participants, whose presence enriched the workshop were Prof Surajit Mazumdar, Associate Professor, Bharat Ratna Dr B.R. Ambedkar

university, Delhi, Dr Bimal Arora, Ceo, Centre for Responsible Business, and Prof Krishnamurthy v Subramanian, Assistant Professor of Finance, Indian School of Business, Hyderabad.

Prof Mazumdar, in his address, discussed the importance of academic research on Corporate Affairs and highlighted how the issues of inclusiveness and growth are important in the Indian corporate sector.

The two-day workshop included interactive sessions wherein all the participants presented research papers on various topics such as Board governance, Diversity in Public Listed Companies, Credit Rating Agencies, Inclusive business models, case studies of GAIL, SAIL, law, regulation and social development.

The evaluation panel selected the best three papers and awarded them with certificates and cash prizes.

on the last day of the event Prof Bhattacharyya highlighted the importance of research workshops for academicians and scholars and discussed the compulsions governing the designing of an effective research study with concrete and real objectives.

The workshop ended on a note of further engagement through research on Corporate Governance issues. n

The Government, institutions like IICA and other business universities/Institutes need to understand that business is not only about making money or profits, it is about ‘creating value for marginalised sector of the society


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The Centre for Business Innovation & IT Services organised a “Consultation

for Developing IICA Incubation Framework” at Bhabha Chamber, Scope Complex, Lodhi Road, New Delhi, as a precursor to the setting up of an Incubation facility at the Indian Institute of Corporate Affairs (IICA), Manesar.

The objective of this consultation with experts and practitioners of incubation was to create a framework for the roll-out of a green incubator- first of its kind in the country, proposed by the IICA.

The incubator will provide facilities and services (business planning, legal, accounting, fund raising and marketing support) to catalyse the growth of small-business in a manner that would ensure that the incubated company has a higher rate of survival than an average spinout. The purpose is to create a centre of economic activity that speeds up the commercialisation of green products and technologies, while creating job opportunities.

The incubator will encourage companies with innovative

ideas that focus on source reduction (reducing waste and pollution by changing patterns of production and consumption), re-usable designs and materials, use of renewable energy and energy efficiency, re-cycling and environmental conservation/ preservation.

The IICA incubator shall be based out of a brick and mortar structure and will also support and develop companies virtually. Such a mixed model will ensure that the IICA incubator and its associated network is available to many innovators.

Delegates who contributed to the consultation were Dr Krishna Tanuku from ISB Hyderabad, Prof G Sabarinathan from IIM Bangalore, Dr Prabhat Ranjan from TIFAC, Padmaja Ruparel, Indian Angel Network, Anand vemuri from 91 Springboard, Divyan Gupta from Keshiha, Jaydip Sinha from Madison Street Capital, Rita Soni and vineet Kumar from NASSCoM Foundation, Snehanand Sinha, Advisor from Social Business enterprises, and Sudip Mallik from Niesbud. n

March 24, 2014W o r k S h o P SConsultation for the development of the IICA Incubation Framework

Catalysing the growth of small-businesses designed to speed up the commercialisation of green products and technologies

NatioNal eveNts

20

Samabhavana Society, a non-profit community based organization,

conducted a series of training workshops for NGos and Social enterprises, with the support of Indian Institute of Corporate Affairs across India.

The ‘3Cs (Capacity, Capability and Connects) Training workshop’ was organized in four geographical zones (Mumbai, Bangalore, Kolkata and Delhi).

The workshop was organized on February 17 & 18, 2014 at

YMCA, Mumbai, February 21 & 22, 2014 at the Hotel Ramanashree Brunton, Bangalore, March 13 & 14, 2014 at Scope Complex, New Delhi and March 20 & 21, 2014 at International Management Institute, Kolkata.

The series of workshops were organised to bridge the gap between the partnerships essential between NGos and Corporates engaged in CSR, so as to help them identify their core strengths to create shared value for sustainability, thereby creating an enabling

W o r k S h o P SIICA and Samabhavana Society organise workshop for capacity building of NGOs and Social Enterprises

Ms. Gayatri Subramaniam, Chief Programme Executive, NFCSR, conducting 3Cs (Capacity, Capability and Connects) Training Workshop at Scope Complex, New Delhi

Bridging the gap between partnerships to enable NGos & corporates to identify core strengths & create shared value


21

environment for strategic CSR and social innovation.

Some of the resource persons at the workshop were, Shobha Mani- IBM, Ms. Prerana Langa, Ceo, yes Bank Foundation, Ms. Deepa Sapatnekar- Head – Corporate communication- LinkedIn India, Mr. Anant Nadkarni, Former vice President, TCCI, Mr. Manoj Chakravorty, Coo, IIM Bangalore, Mr. Rajendra Tripathi, Program Manager- Corporate Citizenship and Corporate Affairs- IBM India, Mr. Manoj Arora- ADG, Ministry of Finance, Ms. Ruchira Gujaral- uNICeF, Ms. Parvathi Krishnan- Program Manager- Coca Cola Foundation, Ms. Riddhi Ghosh, Independent CSR Consultant, Dr. Bhaskar Chatterjee- DG & Ceo, IICA, Ms. Gayatri Subramaniam, Convener and Chief Programme executive-

National Foundation for Corporate Social Responsibility, IICA, and Geetanjali Gaur, Programme executive, NFCSR, IICA.

Dr. Chatterjee addressed a session in Kolkata where Section 135 of the new Companies Act 2013 was discussed and explained the sequence of its evolution. Ms. Subramaniam, who was present in all four zones for the Workshop, clarified the scope of CSR in the context of present day scenario. Ms. Gaur from IICA took sessions in New Delhi and Kolkata where she elaborated upon the Companies Act 2013, Section 135 for better understanding of the NGos.

The 3Cs Training workshop was well received by the participants across all four zones. n

Presentation of memento to Dr. Nandita Mishra, Prof, IMI-Kolkata

NatioNal eveNts

22

The School of Finance conducted a week long ‘Corporate Finance

Programme on Lending to MSMe, Retail and Agriculture’. The programme covered the issues & perspectives in lending to these sectors comprehensively, and discussed effective models being practiced by the banks to develop a healthy asset portfolio from these sectors.

30 officers (both junior and senior level) from Indian Bank participated in the programme.

All the participants of the programme were welcomed and briefed about the structure of IICA during the inaugural function at the boardroom.

Chief Guest, Mr. Gadiparthi Sudhakar, General Manager, Indian Bank, Delhi, discussed how external training at institutes like IICA can help participants in interacting with top bank officials from different banks and in learning from their experiences. He also encouraged the participants to

share the knowledge gained at IICA with other staff members in their area of operation.

The guest speakers invited to take up sessions during the 6 days programme were Mr Pradeep Shankar, Former MD of State Bank of Indore, Mr C S Jog, Former General Manager of Punjab National Bank, Mr R K Mehrotra, Former Deputy General Manager of uCo Bank, Mr M C Pathak, Chief Manager of Syndicate Bank, and Mr Rajiv Chawla, President of Integrated Association of Micro, Small & Medium enterprises of India.

In the valedictory session, Mr Ravi Chatterjee, Chief Programme executive, School of Finance, IICA, invited questions from the participants and answered their queries. The programme received extremely positive feedback from the participants. n

t r a i n i n g P r o g r a m m e S


Corporate Finance Programme on Lending to MSME, Retail and Agriculture

Training programme for SFIO officers

February 3-8, 2014

February 10-13, 2014

The Centre for Responsible Corporate Governance conducted a three and

a half day programme for


23

Participants during the training session

Eminent speakers of SFIO training programme with participants and IICA staff at Manesar.

senior officers ofSerious Fraud Investigation Office (SFIO), a multidisciplinary organisation that investigates serious financial frauds, at IICA campus in Manesar.

The training session began with a welcome speech delivered by Dr. Bhaskar Chatterjee, DG&Ceo, IICA and an address by Mr. Nilimesh Baruah, Director, SFIo.

This was followed by a session on ‘Accounting & Auditing Standards-understanding of Financial Statements, Analysis of Financial Statements, Funds Flow & Cash Flow Statements’ by CA Shri Himanshu Srivastava.

Mr. Srivastava and Dr. Asish K. Bhattacharyya, Head-School of Corporate Governance and Public Policy, IICA, conducted sessions on ‘Relevant Accounting Standard (AS) and Auditing and Assurance Standard (AAS) & understanding Auditors reports.’

Some of the other eminent

speakers included CA Shri Rajiv Arya, Shri Kaushik Datta, Director, Thought Arbitrage Research Institute, Shri R.K. Srivastava, SSo-I (Computer Forensics) CBI-CFSL, Dr. B.N. Ramesh, IPS, Shri Pawan vijay, Former President , ICSI, Dr. S Kumar, Legal Advisor, IICA, Shri S K Sharma, Director of Prosecution, CBI and Dr. Jacob Mankidy, Prof-NIBM, Pune.

The interactive sessions of the training programme shed light on various topics such as ‘Conceptual understanding of different laws applicable in India relating to cheating, fraud, forgery, misrepresentation, criminal breach of trust and manipulation and falsification of accounts’, ‘overview of Companies Act, 2013’, ‘violation under acts like PMLA Act, Income Tax Act, Custom and excise Act, Service Tax, Sales Tax Act, Indian Contract Act etc.’, ‘Investigation Techniques/Process SFIo’, ‘Basic Concepts of Corporate Fraud-International and Indian Context’, etc.

The training programme ended on February 13, 2014 with a valedictory note by Prof PRR Nair, Head-Centre for Responsible Corporate Governance, IICA. He thanked all the speakers for sharing their knowledge and experiences with the participants. At the end of the session, all the participants were awarded certificates. n

training

24

Mr Ravi Chatterjee, Chief Programme Executive, School of Finance, IICA, during the session at IICA, Manesar


IICA staff with participants of Corporate Finance Programme on Intensive Credit Management

The School of Finance conducted a two-week Corporate Finance

Programme on Intensive Credit Management for Syndicate Bank executives to provide participants an insight into lending to the corporate sector.

The programme, which was attended by 30 executives from Syndicate Bank, was organised to help field functionaries in taking sound lending decisions.

The programme envisaged a thorough concept building of every aspect of lending to mid & large corporate. It sought to simulate practical situations that replicate decision making events under different circumstances, through case studies.

Mr. C S Jog, Former General Manager, Corporate Credit Punjab National Bank, initiated the session by discussing the role played by the banks, problems being faced by them, and how banks can best safe guard their interests while promoting asset growth.

This was followed by a session on understanding of working capital, one of the main areas of bank lending, by Dr Hrishikes Bhattacharya, Former Professor, IIM Kolkata.

Another guest speaker Mr.

P K Datta, Former General Manager, Flagship Corporate Credit uCo Bank, discussed monitoring of physical and financial progress of a project by the lending banks, disbursement of loans and steps, if any, to be taken as a mid-course correction.

Some of the other speakers who enlightened the participants by sharing their knowledge were Mr T Ravindranath, General Manager Credit Syndicate Bank, Mr v Sudhakar, Deputy General Manager Credit Syndicate Bank, Mr Antanu Das, Deputy General Manager Punjab National Bank, Mr R K Mehrotra, Former Deputy General Manager uCo Bank and Mr v K Puri, Lawyer & Former Banker.

on the last day of the programme, Mr. Ravi Chatterjee, Chief Programme executive, School of Finance, IICA invited questions from

Corporate Finance Programme on Intensive Credit Management

February 17-March 1, 2014


25

The Indian Institute of Corporate Affairs along with ICwAI Management

Accounting Research Foundation (promoted by Institute of Cost Accountants of India) organized an ‘orientation Programme for Company Directors’ at Zuri white Sands, Goa.

The programme was organised with the objective of providing a platform for discussion on important issues in the implementation of the Companies Act 2013 and its underlying corporate governance issues.

The training programme was spread over two days. The first day was divided into five technical sessions shedding light on various issues

concerning Corporate Strategy, enterprise Performance Management, Independent directors, Leadership and Conceptual framework of Corporate Governance.

The second day included sessions on topics such as enterprise Risk Management and Board evaluation, nuances of CSR, Fraud Risk Management, and Planning, Monitoring and Assessing impact of CSR projects in the light of Companies Act 2013.

Experts from the field of corporate governance who shared their knowledge with the participants included Prof. Asish K. Bhattacharyya, Head, School of Corporate Governance & Public Policy, IICA, Mr. Kaushik Datta, Founding Director, Thought Arbitrage Research Institute and Ms. Shobhana Radhakrishna, eminent Citizen to the Ministry of Rural Development, Govt. of India

The prominent companies that participated in the programme were Balmer Lawrie& Co. Limited, Telecommunications Consultants India Private Limited, ITD Cementation India Limited, Indian Immunologicals Limited, oNGC Limited, and Airport Authority of India Limited and Container Corporation of India Ltd. n

t r a i n i n g P r o g r a m m e STwo-day Orientation Programme for Company Directors

February 21& 22, 2014

Faculty and participants of the Orientation Programme for Company Directors at Goa

Orientation Programme in session at Zuri White Sands, Goa

training

26

Mr. Paul Munden addressing the participants


Prof. Asish K Bhattacharyya presenting memento to Mr. Paul Munden, Lead governance tutor at IOD, UK.

The Indian Institute of Corporate Affairs (IICA) and the

Institute of Directors (IoD), uK, marked the beginning of the collboration by organising a ‘Two-Day Reorientation Programme’ for Directors of Public Sector enterprises(PSes) at IICA campus, Manesar, with theprimary objective of providing a platform for discussion of important issues in the implementation of the Companies Act 2013 and its underlying corporate governance issues.

The training course was attended by a total of eleven participants representing prominent companies from the public sector such as Bharat electronics Ltd., National Thermal Power Corporation, International Railway Finance Corporation, State Trading Corporation Ltd., Indian Tourism Development Corporation, National Building Construction Corporation Ltd. and Neyveli Lignite Corporation Ltd.

Some of the key speakers, who enlightened the participants with their knowledge and

Two-day ‘Reorientation Programme for Directors of PSEs’ with Institute of Directors (IoD), UK

March 6 &7, 2014

Providing a platform for discussion on the implementation of the Companies Act 2013.


27

Interactive session in progress.

Eminent speakers, participants, faculty & IICA staff members at the conclusion of the two-day programme.

experience included Mr. Paul Munden, Lead governance tutor at the Institute of Directors, uK, Dr Bhaskar Chatterjee, DG&Ceo, IICA, Prof. Asish K Bhattacharyya, Professor and Head, School of Corporate Governance and Public Policy, IICA, Dr Arindam Banik, Professor, International Management Institute (IMI), New Delhi, and Ms. Shobhana Radhakrishna, eminent Citizen, Ministry of Rural Affairs.

Dr. Chatterjee delivered a special address welcoming the delegates and participants, and highlighted the importance of the programme, its relevance and the take-away for the attendees.

Day one of the highly interactive programme shed light on various topics such as ‘overview of Corporate Governance-Analysis of the worldcom case’, ‘Role and

responsibilities of Independent Directors under the Companies Act 2013’, ‘Board evaluation under Companies Act 2013’, and ‘ethical Business Practices and organisational Integrity- The Gandhian Approach To Inspire Modern Leaders’.

The second day commenced with a session by Prof Bhattacharyya on Board evaluation. The day was carried forward by Mr. Paul Munden, lead governance tutor, Institute of Directors, uK. Mr. Munden introduced the participants to the uK Companies Act 2006 and Stewardship Code.

He later engaged the house in some thought provoking case studies and highly interactive quizz sessions.

The training session ended with the distribution of certificates and mementos to all the participants and key speakers. n

training

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The Centre for Responsible Corporate Governance, established under the

Indian Institute of Corporate Affairs (IICA), conducted Seminar on Companies Act - Governance through Corporate Social Responsibility, Independent Directors and Auditors at Chennai.

The seminar was organized on Jan 3, 2014 in collaboration with Corporate Knowledge Foundation, New Delhi. Prof. P.R.R. Nair, Head, Centre

for Responsible Corporate Governance, IICA and Dr. S Kumar, Legal Adviser, IICA were present at the event.

DG & Ceo, IICA chaired the valedictory function and spoke at length on Corporate Social Responsibility.

Another seminar on Companies Act – Corporate Governance - was held on January 4, 2014 at Chennai in collaboration with Madras Chamber of Commerce and Industry. n

Prof. P.R.R. Nair addressing the participants at the seminar at Chennai.

Panel of speakers at the conferencePanel of speakers at the conference

SeminarS and conferenceS & PreSentationS

Lighting of lamp at Seminar on Companies Act on January 3, 2014

Seminars on Companies Act 2013 at Chennai

January 3 & 4, 2014


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Lamp lighting ceremony at the conference at Kolkata

IICA and ASSOCHAM conduct National Seminar on Companies Act 2013

January 14 & 18 2014

The Centre for Responsible Corporate Governance, IICA, conducted a

National Conference on “Companies Act 2013- New Rules for the Game” at Kolkata on Jan 14, 2014 in collaboration with ASSoCHAM.

The conference was inaugurated by Dr Bhaskar Chatterjee, DG & Ceo, IICA who also presented the keynote address, enlightening participants by sharing knowledge on CSR.

Prof P.R.R. Nair, Head, CRCG, gave a brief overview of IICA and shared the details of such conferences that have been conducted so far.

The Centre along with ASSoCHAM conducted another National Conference on Companies Act 2013 at Coimbatore on Jan 18, 2014 which was attended by 70 participants. The conference was inaugurated by Justice v Ramasubramaniam, Judge, Madras High Court. This was followed by a key note address given by Shri T S Krishnamurthy, Former Chief election Commissioner.

other speakers present at the conference were Prof. P.R.R. Nair, Head, Centre for Responsible Corporate Governance, Shri K K Balu, Former vice Chairman, Company Law Board, Dr. S Kumar, Legal Adviser, IICA and Mr. R Sannareddy, Co-Chairman, ASSoCHAM, Southern Regional Council. n

Prof. P.R.R. Nair addressing the audience at conference in Kolkata

Prof. P.R.R. Nair addressing the audience at the conference at Coimbatore.

Eminent speakers at the National seminar on Companies Act at Coimbatore

SeminarS, ConferenCeS & PreSentationS

30

The Centre for Business Innovation and IT Services launched its

much awaited e-Learning platform, serviced by Adobe Connect, to provide more effective training solutions, at the IICA Board Room at Manesar.

The meeting began with a warm welcome address delivered by Ms. Divya Rajput, Head-Centre for Business Innovation and IT Services, IICA, who explained how Adobe Connect can act as a powerful event management tool, which will help in organising webinars, preparing events in advance, and making meeting easily accessible.

Staff outside the Manesar campus gathered at the CGo complex and was addressed through a live web chat on the platform by the DG & Ceo, who also lauded the proactive efforts of the Centre.

Ms. Rajput also explained how Adobe Connect for e-Learning is a complete solution for rapid training and mobile learning, enabling students and other

stakeholders to access teaching sessions or meetings from anywhere and on any Internet enabled device.

Some of the other members of IICA staff present at the launch of e-learning platform were Mr. Atul Dev Sarmah, Head-Centre for Institutional Partnerships and Corporate Communications, Dr. Navneet Sharma, Head-School of Competition Law, Mr. A.B. Chakraborty, Head-Centre for excellence in Sustainable Development, Ms. Chetna Kaura, Chief Programme executive, NFCSR, and Ms. Swagata Sen Pillai, Senior Programme executive, Centre for Institutional Partnerships and Corporate Communications. n

Launch of IICA e-Learning Platform

IICA staff members during the e-learning platform launch at IICA campus, Manesar


January 15, 2014

Providing effective training solutions through a powerful event management tool


31

The Indian Institute of Corporate Affairs (IICA) and Thomson

Reuters hosted a roundtable at New Delhi on the theme of “Corporate Governance Standards in India: Gaps & Global Best Practices”, with a vision of elevating Indian corporate governance standards.

The roundtable, hosted on the distinguished occasion of a visit from the Honourable Lord Mayor of London- Ms. Fiona woolf, was attended by government officials, legal professionals, officials from corporate sector and academia.

various participants present at the roundtable meeting included Mr. Swarup Choudhury, MD,

Thomson Reuters, Mukesh Butani, Chairman, BMR Advisors, Bharat wakhlu, Resident Director, Tata services, Prof Asish K. Bhattacharyya, Head-School of Corporate Governance and Public Policy, IICA,Deepak Hardia, Partner, Delloite, Sir Paul Thomas from the uK.

Mr. Choudhury began the discussion by pointing out that the new Companies Act 2013 aptly takes forward the vision of achieving corporate growth with enlightened regulation. He further added that the focus has shifted from government control to corporate self-regulation.

The British context was set in the opening remarks by Ms. woolf. She touched upon a few issues of conventional importance in the uK. She elucidated on how the current debate is about creation of long term value and not just short term gains.

Opening the floor to other members, Mr. Choudhury took forward the discussion by asking the first question on whether the mandatory appointments in Companies Act 2013 regarding board composition are sufficient.

Presenting corporate perspective on the issue, Mr. wakhlu aptly alluded


Participants with the Honourable Lord Mayor of London at the Roundtable

The current debate of corporate governance is about creation of long term value and not just short term gains.

IICA - Thomson Reuters Roundtable on Corporate Governance

January 21, 2014


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January 22, 2014

(From L to R) Prof Asish K. Bhattacharyya, Sir Paul Thomas, Ms Fiona Woolf, and Shri Swarup Choudhury at the roundtable

to the fact that an external legislation cannot provide solutions to all the prevalent ills. emphasizing on corporate self-regulation, he pointed out that impetus to change has to come from within. He also discussed how a board should in no form come to represent a club and should provide for enough space for members to speak their mind and voice opinions against what they feel is anti- stakeholder behaviour.

Moving the discussion forward, Prof Bhattacharyya posed three crucial questions to the table. one, what can companies do to reduce, if not

eliminate, corruption from corporate activities? Secondly, what lessons can India learn from the uS and uK bribery legislations? Finally, to what extent can companies control corruption in supply chain partners, especially those based across different geographies?

The members further discussed the ‘why’ of corruption and agreed to the view that it is unscrupulous companies along with unscrupulous governments who are breeding corruption. It is both the corporate world and political elite who need to work towards greater transparency. n

The National Foundation for Corporate Social Responsibility conducted

the second in the -IICA Round Table Series 2014: CSR as a value Proposition for Promoting Social entrepreneurship, in partnership with Narsee Monjee Institute of Management Studies.

IICA Roundtable Series 2014: CSR as a Value Proposition for Promoting Social Entrepreneurship


Inaugural session of Round Table Series 2014: CSR as a Value Propositon for Promoting Social Enterpreneurship


33

The roundtable started with a welcome address delivered by Prof. Debashis Sanyal, Dean, School of Business Management, Shri vile Parle Kelavani Mandal Narsee Monjee Institute of Management Studies (SvKM’s NMIMS).

Dr. Sanyal laid emphasis on the importance of inclusivity if India wants to contribute to creating global value. The issue

of reducing inequalities needs to be addressed by business as it will otherwise lead to greater inequalities and the gap between the have and have-nots will continue to increase.

He also gave an insight into the university’s strong commitment to influence the quality of management teaching in the business and the nonprofit sector. n

IICA partners in the 14th Annual Greentech Environment & CSR Conference


The Indian Institute of Corporate Affairs (IICA) supported the nonprofit

organisation Greentech Foundation in organising a two day National meet on environment & CSR at Hotel Jw Marriott, Chandigarh.

The event brought together approximately 360 environment and Corporate Social Responsibility (CSR) professionals and experts who exchanged views and knowledge on "Aligning Sustainability and CSR with Organizational Goals".

Dr. Bhaskar Chatterjee, DG&Ceo, IICA, who inaugurated the event and graced the meet as the Chief Guest, enlightened the audience on Corporate Social Responsibly and stressed that, “Compliance with any law or regulation is not CSR”.

extensive information was shared by him on what does or does not constitute CSR, including the non-admissibility of employee welfare activities which are a part of HR initiatives. urging companies

Dr. Bhaskar Chatterjee, DG&CEO, IICA distributing certificates of participation

January 29, 2014


34

Participants at the National conference on Environment & CSR at Hotel JW Marriott, Chandigarh.

The second National CSR Summit-2014 “CSR and Sustainability: A value

Proposition for Business” was organised in association with The united Nations Global Compact Network– India, at The Grand Salon, Hotel Sofitel, Bandra Kurla Complex, Mumbai. The Indian Institute of Corporate Affairs, Ministry of Corporate Affairs, was the Summit Partner.

The summit was divided into three technical sessions that shed light on various opportunities, challenges and issues involved in

Second National CSR Summit by the NFCSR


February 11, 2014

Inaugural session of second National CSR Summit at The Grand Salon, Hotel Sofitel, Mumbai

to extend themselves beyond the ambit of compliance, he also stressed upon the need to publish the CSR policy in full detail on the company website as part of the annual plan 2014-15 before the 31st of March 2014.

The two day national meet was held in the backdrop of the New Companies Act with a substantial CSR component coming into force from April 1st, 2014. over 16000 registered companies will be required to nominate 3 members of the CSR Committee from their Board from that date forward.

Kamleshwar Sharan, President of Greentech Foundation, in his

address said the objectives of the meet are to encourage and motivate the Indian corporate sector- both private as well as public, to adopt best practices, encourage implementation of strategies for improvement in operational standards, clarify upon duties and responsibilities and other such points of focus.

Shri A. B. Chakraborty, Head-Centre of excellence for Sustainable Development, also represented IICA at the meet, and spoke at length on the topic “Imperatives of environment Sustainability for Corporates as per the Companies Act 2013”. n


35

Panel of speakers at the second National CSR Summit-2014 at Mumbai

leveraging Corporate Social Responsibility for carrying forward the benefits of growth to the masses. The summit also deliberated upon the changing dynamics of CSR.

Mr. Nikhil Pant, Chief Programme executive, National Foundation for Corporate Social Responsibility, represented the Indian Institute of Corporate Affairs at the Summit. n

The Indian Institute of Corporate Affairs (IICA), in collaboration with

Partners in Change, NGoBoX and Fiinovation organised a

pioneering conference ‘Better education through CSR' at vishwa yuvak Kendra, New Delhi, with the objective of learning from leaders about the different models of CSR partnerships in the education sector and providing networking opportunities to scale up innovations in the field of Corporate Social Responsibility.

The conference brought various actors together under one roof to deliberate on fostering partnerships that will take the idea of better education forward.

The forum deliberated on the issues of availability and access to quality education facilitated through multiple partners of CSR like corporations, government and civil society as well as on further scope for innovations.

Ms. Chetna Kaura, Chief Programme executive, National Foundation for CSR, IICA, was

Conference on ‘Better Education through CSR’

Ms. Chetna Kaura, Chief Programme Executive, NFCSR, addressing the audience at the conference


February 24, 2014


36

the Guest of Honour for the event. other eminent speakers at the conference were Mr. Bhomik Shah, Chief executive, Partners In Change, Mr. Satyam Damora, Lead-Family economic Stability, Michael & Susan Dell Foundation, Mr. Soumitro Chakraborty, Chief executive of Fiinovation, Brig(Retd.) Rajiv williams, Corporate Head-CSR, Jindal Stainless Ltd, and unmesh Brahme, Country Director, Room to Read.

The conference began with a welcome address delivered by Mr. Shah. He deliberated on the subject of CSR and education by discussing the present scenario of the field where data suggests that millions of students still do not have access to education and a lot needs to be done in this regard. He further discussed the evolving realm of affairs in the field of CSR in India.

Ms. Kaura provided an in-depth account of the salient features of CSR provisions in the newly enacted legislation. She focused on the role of IICA as a think tank

of Ministry of Corporate Affairs, and elaborated on the role of the National Foundation for CSR as a body of IICA that focuses on the holistic implementation of the provisions on CSR in the new legislation.

Mr. Damora deliberated upon the need for building internal capability of the implementing agencies and interconnectedness of projects. Mr. Chakraborty, in his address, mentioned the need to understand the irony of the education sector in terms of the disappointing data received on education in the Indian context. He further discussed the ways to resolve such irony through strategizing and implementing CSR projects in efficient manner.

The conference included two in-depth panel sessions with diverse representation of panellists from various organisations from multiple sectors. The panel sessions focused primarily on the advent of new models of better partnerships in the education arena through CSR. n

Panel speakers in the 2nd session of the conference.

Data suggests that millions of students still do not have access to education and a lot needs to be done in this regard.


37

IICA RepResentAtIon At vARIous foRA

SeminarS and conferenceSiica rePreSentation atvariouS fora

Ms. Divya Rajput, the Head of Centre for Business

Innovation and IT services,

conducted a workshop at Lal Bahadur Shastri Institute of Management (LBSIM), New Delhi on strategic innovation.

The workshop shed light on the strategic decision making process of entrepreneurs in the establishment of infrastructure, promotional methods, development of supply chains, expansion plans, hiring the right manpower and setting goals and priorities for adverse conditions.

Ms. Rajput also spoke of the Innovators’ DNA and the difference between the business and strategic innovation approaches to a business problem. n

A pictorial representation of the outcome of the Workshop on strategic innovation

LBSIM Workshop on Strategic Innovation

January 19, 2014

National Seminar on Sustainability

iica rePreSentation atvariouS fora

January 18, 2014

Shri A. B. Chakraborty, Head-Centre of excellence for Sustainable

Development, represented the Indian Institute of Corporate Affairs at a one day National Seminar on ‘Sustainability

– Corporate evolution through Consciousness’. The seminar was organized by Sri Aurobindo Foundation for Integral Management at New Delhi. The programme discussed ‘The guiding values

38


Ms. Chetna Kaura, Chief Programme executive, National

Foundation for Corporate Social Responsibility (NFCSR), IICA, conducted a session on the CSR provisions of the Companies Act, 2013 and the proposed BSe-IICA CSR Index at the Indian Institute of Management, Kolkata.

The session was conducted as a part of the advocacy and dissemination efforts of the IICA in the domain of CSR. IIM Calcutta undertakes a one year Post Graduate Programme for executives (PGPeX), which gives mid-career professionals

the ideal platform to augment their existing skill sets as they endeavour to armour themselves for senior and top management roles in the industry. n

Informing career professionals on CSR at IIM- Kolkata

Ms. Chetna Kaura, Chief Programme Executive, NFCSR, IICA at IIM Kolkata


January 29, 2014

Panel of speakers at National Seminar on Sustainability

Shri A. B. Chakraborty addressing the audience at the seminar at New Delhi

for Corporate Governance – an Integral Approach’.

Representing IICA at the event, Shri Chakraborty conducted a session on ‘Corporation, Community and Sustainability – an Integral Approach.’

Some of the other eminent speakers present at the seminar were Shri B L Bagra, Member, SAFIM Advisory Board and Former MD, NALCo, Dr. Jaiprakash Singh, SAFIM, Shri K G Nagendranath, Deputy editor, The Financial express, Prof. Subhasis Ray, Associate Professor, Xavier Institute of Management, Bhubaneshwar, Dr. Ramesh C vaish, Chartered

Accountant, Shri Avimukt Dar, Partner, Indus Law, Dr. Akhil Prasad, Country Counsel India and Company Secretary, Boeing International Corporation India and Ms. Amita Joseph, Founder Director, Business Community Foundation. n

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Ms. Divya Rajput, the Head of Centre for Business Innovation

& IT Services, IICA, delivered an address at the Annual entrepreneurship meet at BvIMR university, New Delhi. She discussed the Government online portals where entrepreneurs may access accurate information about various compliances and regulations.

enlightening the entrepreneurs on how to raise a growth fund, Ms. Rajput also talked about the need to develop a sound

business plan, and how to review and assess impact of a start-up.

Ms Rajput spoke of the various Government schemes, grants and funds which are available to for awareness generation and encouragement of innovation on university campuses, and advised the BvIMR faculty to nominate an independent committee and record its recommendations for the start-ups which will take their product/ model to market. n

Panel of speakers at the Annual Entrepreneurship meet at BVIMR University

Annual Entrepreneurship meet at BVIMR University

January 31, 2014

encouraging entrepreneurs to access information and power growth.

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Mahratta Chamber of Commerce, Industries and

Agriculture (MCCIA) and NGo vANARAI conducted a conference on ‘Corporate Social Responsibility (CSR) in India: A Road Ahead’ at Pune, with the aim of forging meaningful long-term partnerships between various NGos and corporate organisations across the country.

Mr. Nikhil Pant, Head of National Foundation for Corporate Social Responsibility, represented the Indian Institute of Corporate Affairs (IICA), Ministry of Corporate Affairs, at the conference.

other eminent speakers present at the conference were Dr Mithileshwar Jha, well-known rural marketing expert, Dr B venkatesh Kumar, Director of Tata Institute of Social Sciences, and Dr. Praveen Tripathi, Ceo, Magic 9 Media & Consumer Knowledge Pvt Ltd.

The meet explored various topics on the latest CSR recommendation of the New Companies Act. It demystified CSR concepts to enable various organisations to take a re-look at their CSR strategies to ensure their activities are meaningful after the advent of the recent Companies Act 2013. n

Joint Summit to explore CSR concepts


February 26, 2014

Participants during the conference on ‘Corporate Social Responsibility (CSR) in India: A Road Ahead

Mementos distributed to speakers during the CSR conference at Pune

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The Indian Institute of Corporate Affairs took part in “Responsible

Growth; a Business Imperative” - a one day conference on Inclusive Development and Sustainability, organised by the Confederation of Indian Industry (CII) at Taj Colaba, Mumbai.

The programme focused on policy solutions for forging the growth agenda and use of natural resources in an efficient and evolved way.

The event also shed light on other issues such as competitive solutions to keep environmental impact to the minimum, adequate control on consumption of energy and other natural resources, focus on faster cultivation of inclusiveness of human and social elements to bring about radical changes in the ecosystem and making a business case for sustainability.

Shri A. B. Chakraborty, Chief Sustainability Officer, represented IICA at the programme and delivered a note on “emerging Social Implications on Responsible Growth”.

other speakers present at the session were Ms. Beroz Gazdar, Sr. vice President – Growth Sustainability, Mahindra & Mahindra Ltd, and Ms. Radha Sule, Head Group Sustainability, Tata Capital Financial Services Ltd. n

Shri A. B. Chakraborty addressing the Conference on inclusive development and sustainability

CII Seminar on Inclusive development & Sustainability

February 26, 2014

Eminent speakers at the conference at Taj Colaba, Mumbai

Mr. Nikhil Pant, Chief Programme executive, National

Foundation for Corporate Social Responsibility,

represented the Indian Institute of Corporate Affairs (IICA) at the Global Finance Strategies Roundtable held at Tango Hall, vivanta by Taj

Global Finance Strategies Roundtable


March 4, 2014

42



The Swedish Chamber of Commerce India (SCCI) along with Sandvik Asia

conducted a half day workshop that focused on the requirements specified in the new CSR Rules, the global progress in CSR and sustainability and the Indian Corporate’s perspective of CSR.

The workshop was ideally timed in view of the new Companies Act 2013 which is mandatory for all Corporates. Considered a first of its kind, the new legislation requires a certain class of companies in India to spend at least 2 percent of their three-year average annual net profit towards CSR activities.

The workshop was an opportunity for community based organisations and

Corporations to collaborate with each other and discuss their CSR initiatives.

The workshop was chaired by Dr. Bhaskar Chatterjee, DG & Ceo, IICA, and graced by the presence of Mr. Pooran Pandey, executive Director uN

Dr. Bhaskar Chatterjee, DG & CEO, IICA, addressing the audience at the workshop

‘The Way Forward with CSR Rules’

March 5, 2014

Ambassador, New Delhi.

The roundtable which brought together government, donors, public-private partnership principals, international NGos and national NGos under one roof, was organised to examine the shift in funding for international health and development, the impact on local and international partners and possible solutions and responses to these trends.

The meet began with a

welcome address and overview of roundtable objectives given by Ms. Anjali Nayyar, Senior vice President; Global Health Strategies. A discussion was also held on an overview of the globally changing donor landscape. Dr. Ranjan Mohapatra made a presentation on CSR in India to inform the audience of the Indian paradigm. This was followed by Q & A session, the closing remarks for which were made by Mr. Ashok Malik, Senior Journalist. n

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Lamp lighting ceremony at the workshop on ‘The Way Forward with CSR Rules’

The influence of the MDGs and Global Compact has been exponential in framing the NvGs as well as the CSR Rules.

Global Compact Network India and Dr. Anand vasudevan, Sustainability and Strategy at Accenture.

Mr. Pandey initiated the discussion by highlighting the purpose of uNGCN where both the Government and the private sector are seen as a major contributor to societal upliftment. Therefore, bringing change in the perspective and encouraging the private sector to adopt initiative for societal progress is one of the goals of uNGCN. Mr. Pandey compared the Millennium Development Goals (MDGs) to National voluntary Guidelines (NvG) issued by MCA and the Schedule vII of the CSR rules to bring the similarities to the forefront.

Dr. Chatterjee, while addressing the workshop, pointed out that the influence of the MDGs and Global Compact has been exponential in framing the NvGs as well as the CSR Rules. He also highlighted that the CSR Rules are provisioned for relief from any political pressures and ensured that the monies routed

through CSR are appropriately utilised.

Mr. Anand vasudevan of Accenture spoke about a report on the survey conducted by uNGC and Accenture where 100 Ceos of Indian companies answered questions pertaining to their CSR activities.

During the workshop, delegates from Sandvik Asia, ericsson and SKF deliberated about the current initiatives under CSR in their organisations, influence of the parent company on CSR strategy, potential growth and future prospects in CSR.

while all the three companies are making huge strides in education, sports, health and nutrition, etc. which fall under the scope of Schedule vII they are also engaging with the communities on eradication of child labour, technology for good, utilities supply and road safety campaign in urban and rural which are beyond the defined scope of the Schedule vII areas of focus. n

44


Non-profit organizations Landesa and oxfam organized a National

Media workshop on “why do women need property rights?” at India Habitat Centre, Lodhi Road, New Delhi.

Participants at the workshop from IICA were Ms. Shashikala, Programme executive, National Foundation for Corporate Social Responsibility (NFCSR), Ms. Akriti Kalia and Mr. Amit Kumar, Trainee, NFCSR.

The workshop shed light on how women’s property rights are limited globally by social norms, customs and at times legislation, lowering their economic status and hampering other opportunities. The workshop was organised with

the objective of discussing how ownership of land and property empowers women and provides income and security and also to create awareness among women regarding their right to property. n

National Media Workshop- Why do women need property Rights?


March 5, 2014

45


iica thought BoX

Nikhil Pant & Mayuri Misra, L&D vertical, NFCSR, IICA

CSR - An Opportunitywith the enactment of Section 135, Companies Act 2013 on CSR, India has taken a giant leap forward towards providing a real opportunity to the corporate sector for engaging in nation-building in its truest sense. The legislation has put to rest the debate about what CSR for our country really means. Compliance, responsible governance and company culture are no longer the substitute for CSR-they are the benchmarks for staying in business. CSR is beyond this- it is about the long-term sustainability of the business, its brand and reputation and the perception it shares in the market as a partner in national development.

The process of ‘Giving Back’ to society through CSR is now catalyzed

due to the enabling provisions of the Act. Judicious application of this legislation can go a long way in promoting partnerships, resource sharing and meaningful collaborative work between the Government, Corporate India, NGOs and beneficiary communities for meaningful social change. Non-intrusive government facilitation through pro-active policies has already encouraged innovative and path breaking corporate success in the recent history of Indian economy. If implemented in true letter and spirit, the Act has the potential to play a historic role in our country’s progress and aspiration to become a developed nation one day soon.

CSR - The EnablerThe country has been initiated into an enabling environment. This would encourage ongoing CSR initiatives in continuing; only adding value and alignment towards the larger purpose through well defined shape and structure. This will give impetus to quality socio-economic change at scale in double quick time. Those starting with CSR for the first time will have an opportunity to turn a new leaf in their corporate journey and join hands with all others. A national platform is gradually becoming available where all qualifying companies would be able to share and showcase their activities.

The CSR ‘Opportunity’

Compliance, responsible governance and company culture are no longer the substitute for CSR-they are the benchmarks for staying in business

iica thought BoX environment |conSumerS | emPLoyeeS | communitieS | StakehoLderS

The objective is to inspire, engage, motivate and support business in continually improving its positive impact on society and the nation even as they comply. Being viewed as a leader of such activities in the national forum, with well-defined projects, thoroughly documented and evaluated by external agencies, is likely to promote foreign and local investment in companies, strengthen the trust and faith of shareholders and customers, and most importantly, present the company as a responsible business to the whole world.

CSR - Beyond ComplianceThe Principle of Comply or explain has an inbuilt mechanism of conformity – public scrutiny. Adherence to law has been taken up in a subtle manner, thereby presenting CSR to the companies as an opportunity rather than a diktat or an unwelcome compulsion. Businesses are encouraged to devise CSR strategies so that their core work can also grow even as they connect directly with communities and the environment.

The task is no doubt daunting. Capacity building, and search for suitable implementing agencies and deliverable, impactful projects are a challenge. what makes it exciting though is that it is stimulating as well. Board members, Ceo’s and CSR Heads have a great opportunity to collaborate and think out of the box to devise approaches that simultaneously further their business interests. New product development is one such area.

Development Communication takes on a critical role in brand building. It must connect with Marketing Communication and Corporate Communication within companies for effective morale boosting of employees and their active engagement through volunteering and other means. All of this provides a strategic opportunity for enhanced HR productivity - adding to the bottom-line of the company.

we have to move forward in a cautious, practical and meaningful manner, keeping in mind that CSR interventions within stipulated time frames should be rupee and impact measurable. eventually, meeting the ever dynamic and evolving needs of the community and the environment must lie at the very core of any CSR activity. every corporate that participates pro-actively in taking this CSR agenda forward would then become an active contributor to responsible national development.

CSR - The Brand BuilderA hidden opportunity is here for the taking - for every CSR participating company to go far beyond compliance and do good in the most effective manner possible. also It is an opportunity for corporate India to liberate itself (as against liberalization of the 1990’s!!) from the stigma of being labeled as self-centric and too capitalistic in a country where the vast majority is still deprived of its basic needs – food, shelter, housing, jobs, education, primary healthcare and prove that it is not only responsible, but caring and able.

every corporate that participates pro-actively in taking the CSR agenda forward becomes an active contributor to responsible national development.

The National Foundation for CSR, IICA, aims to build an enabling environment for the corporate sector to work in partnership with the government , non government & civil society organisations for effective contribution towards sustainable growth & development

48

Study on Sustainability strategies adopted by different companies with focus on Environmental Sustainability:

The study explored key material issues as seen by 12 industrial sectors and assessed the approach to and comprehensiveness of sustainability strategies employed by companies across these sectors. Key sustainability themes that emerged for each sector were also discussed.

The study was undertaken by Ernst & Young Limited Liability Partnership (EY LLP) for IICA.

Study on Global Sustainable Development Practices: (Technologies) in Key Sustainability Areas:

The study explored various innovative solutions and technologies being developed and adopted by companies across 12 industrial sectors to meet the sustainable growth agenda.

The study was undertaken by EY LLP for IICA.

Study on Sustainability Reports Research Study:

The study highlighted a set of good practices in CSR & Sustainability across 12 diverse sectors. These demonstrate the potential such practices could hold in terms of multiple impacts along with social and environmental and economical bottom lines, when designed and executed well.

The study was undertaken by Norwegian Maritime research company DNV GL for IICA.

IICA Research studies: Centre of Excellence for Sustainable Development (CESD)


Become a certified

CSR PROFESSIONAL

Give Yourself The Cutting Edge of Expertise

Announcing the launch of a 9 month IICA Certificate Programme in CSR for developing trained and certified CSR

professionals in the country.

An opportunity to receive a global standard of professional training from the premier institute for corporate affairs.

Registration Opens from 6th May 2014

Online Registrationwww.iica.in

Ministry of Corporate Affairs,Government of India

For Online Registration Form, Brochure and further details: visit us: www.iica.in, Email us: [email protected] us: 0124 2640122 (Between 10 am-5 pm: Monday - Friday)

National Foundation for CSR (NFCSR)Indian Institute of Corporate Affairs (IICA) Plot No. P 6, 7, 8; Sector 5, IMT Manesar, Distt. Gurgaon (Haryana) - 122 050

Postal Address

Corporate Odyssey is published by theCentre for Institutional Partnerships & Corporate Communications.

INDIAN INSTITUTE OF CORPORATE AFFAIRSP6-7-8, Sector 5, IMT Manesar, Distt Gurgaon, Haryana 122050

Tel: +91 11 2436 2282, Website : www.iica.in

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