Bhubaneswar, October 13:Mr Arun Mishra, Core Committee Member, ICC Odisha State Council & Vice President (Gopalpur Project) & Chairman(TATA Steel SEZ), Tata Steel Ltd welcomed all the dignitaries on the dais & all the delegates to the conference. He mentioned two key factors of Corporate Governance i.e. Risk Assessment of Capital Expenditure & Risk Assessment of Business Plan.
Mr Ashok Purohit, Chairman, ICSI, EIRC told that Corporate Governance is the way a company is managed. He added that transparency is a vital & key factor in the management of company and it is defined by Corporate Governance.
Addressing the gathering Chief Guest Mr Arabinda Acharya, Company Secretary & Executive Director, IDCOL informed that all big corporate are family owned. Today we see all big corporate houses are professionally managed & proper Corporate Governance really depends on the attitude of the board. He also added that purpose of Corporate Governance is to ensure maximum utilization of assets. He also emphasized on the need to enforce Corporate Governance.
Mr Mohit Gupta, Co-Convener, MSME Panel, ICC Odisha State Council & MD, Fortune Power Group explained the value of corporate governance in his company & it should be given priority in all corporate houses. His company implements the best practices in Corporate Governance where the roles of family & professionals are clearly defined.
Mr S Sudhakar, VP, Corporate & Secretarial, Reliance Industries Ltd told that responsibility of the board of a company is to protect the wealth of share holders & corporate governance plays a very vital role in it. He informed that Governance is different from the management. Board has to lay down governance principles which has to be implemented by management. Corporate Governance means steering the company in desired way keeping in eye the interest of share holders & other beneficiaries he added. He explained about the 5 pillars of corporate governance i.e. Transparency, Integrity, Accountability, Responsibility & Investor Protection. Hence it is more important to implement good governance in the company than only the profitability for the long run of the company he added.
Among other speakers were Mr Matrudatta Mishra, Permanent Member, ICC Odisha State Council & Director, S J Developers, CMA Damodar Mishra, Chairman, ICMAI, Bhubaneswar,
Mr Aditya Dash, Co Convener, Agro & Food Processing Panel, ICC Odisha State Council & MD, Ram’s Assorted Cold Storage & CMA Pravakar Mohanty, Director, Finance, OHPC & OPGC.
Mr Matrudatta Mishra delivered the formal vote of thanks & said that his business is also a family owned business which clearly segregates the roles of family & professionals.
Prasanta Patnaik