Company
Secys to be whistle blowers
·
ICSI
40th national Convention to focus on Corporate Governance
·
Aamby
Valley convention to announce epoch making decisions
New Dehhi, October 3,
2012: The Institute of Company Secretaries of India (ICSI) has
embarked on a mission to don the mantle of corporate whistle blowers for
company secretaries.
Projecting the company
secretaries as “leaders of good corporate governance”, ICSI will chart out
future course of action at its 40th National Convention of Company Secretaries to be held from October
4-6, 2012 at Aamby Valley near Pune.
Mr. Nesar Ahmad, President
of ICSI said “ICSI has taken various initiatives towards growth and development
of the members, students and the profession by undertaking extensive career
orientation, professional development programmes, brand building, extensive
research, re-organisation , infrastructure development as well as
globalisation of profession”.
Announcing the Convention
agenda, Shri B Narasimhan, Chairman, Convention Organising Sub-Committee of
ICSI said the company secretaries will deliberate on various topics like
Economic Volatility and Risk Management, Company Secretaries as Whistle Blowers
or Conscience Keepers, Financial Markets - Engine for Economic Growth and
Challenges and Opportunities in SME Sector.
“This is part of our newly adopted
Vision: to be global leader in promoting
good corporate governance,” he said.
“As many as 1200 delegates
including Company Secretaries, CEOs, Directors, Senior Executives and
professionals from India and abroad are expected to participate in the Amby
Valley Convention”, shared Shri Mahavir Lunawat, Chairman of Western India Regional
Council of ICSI which is hosting the
Convention.
The first technical session
will be on Economic Volatility and Risk management and will highlight
“volatility is variability” which has been going on over the past few years. As
the economies are facing volatile conditions, they are operating in a risk
filled environment; such risk may be large or small and closed or open. It is
not that risk is a bad phenomenon, often
it is considered as efficient measure to growth of the economy but at the same
time, risk needs to be managed.
The second session will
dwell on the subject of “Company Secretary: Whistle blower or Conscience
keeper”. Whistle blowing is about speaking out on malpractice, misconduct,
corruption, or mismanagement; whereas conscience is an inner voice viewed as
acting as a guide to the righteous behavior.
The line of demarcation is
that while whistle blowing pertains to the situation after the wrong is done or
about to be done, the conscience of a person stops one from committing the
wrong. These are two sides of the boat, where keeping inside the boat is as
important as keeping outside.
Mr. Ahmad Added: “With its
emphasis on “catch them young,” ICSI will also target development of high
caliber professionals which will help facilitate good governance among industry
and corporate India”.
Shri S N Ananthasubramanian,
Vice President and Chairman of Training & Education Facilities Committee of
ICSI remarked “ICSI aims at providing the best training to students, enhancing
placement opportunities, creating space for interactions with regulators and
industry and provide global leaders”.
Dwelling on the Top ten
Goals of The Institute for the period 2011 – 14, Mr. Ahmad said we
formulated goals like:
Development
of a cadre of competent professionals, Improve infrastructure with special
attention on Regional Offices and Chapters, Make ICSI the best institute to deal
with, Provide best training to the students, Continuous interaction with
regulators and industry, Enhance placement opportunities, Improve visibility of
the profession, Increase membership strength, Enhance financial resources and
Provide leadership on global map.
Stating that students are
the life line of the Institute and the profession, he said “besides
strengthening the existing infrastructure for rendering value added services
and support to the students, we need to focus our attention on budding
Professionals. It is in this direction the Institute has introduced a new
syllabus for CS Foundation Programme (Stage I) with effect from 1st
February 2012. The CS Foundation programme consists of four papers viz., Business Environment and Entrepreneurship; Business Management,
Ethics and Communication; Business
Economics; Fundamentals of Accounting and
Auditing.
“Under the new syllabus, Optical Marks Recognition (OMR) based examination
(Objective type multiple choice questions) would be conducted for Foundation
Programme. The students are eligible to appear in the examination on the basis
of self study. The requirement of Coaching Completion Certificate has been
discontinued for Foundation Programme Students. Students registration
under the new syllabus of Foundation Programme is effective from 1st
February, 2012 and the first examination under this new syllabus will be
held from December 2012 session of CS examinations,” he said.
The Council of the Institute has constituted the Board of Studies towards
further development of syllabus. The Board has also finalised draft syllabus for
Executive Programme (stage II) and professional Programme (stage III)
examinations, based on the views received from stakeholders on the exposure
draft.
The Board of Studies will also benchmark and review the syllabus regularly
to meet the expectations of the trade and industry. This Board is also to look
after other courses to be conducted by ICSI for its members as a part of
capacity building exercise. He said that, with a view to
push forward the interests of the members both in employment and in practice,
the Institute has taken Capacity Building Initiatives so that they remain
updated and are adequately equipped to provide exacting solutions to the
businesses in the prevailing competitive and contestable environment.
About The Institute of Company Secretaries of India:
The Institute of Company
Secretaries of India (ICSI) is constituted under an Act of Parliament i.e. the
Company Secretaries Act, 1980. ICSI is the only recognized professional body in
India to develop and regulate the profession of Company Secretaries in India.
ICSI awards the certificate of bestowing the designation of Company
Secretary(CS) to a candidate qualifying for the membership of the Institute. It
was in 1960 that the Company Law Board started a course in Company
Secretaryship leading to the award of Government Diploma in Company
Secretaryship. As the number of students taking up the Company Secretaryship
course grew, the Government promoted on 4th October, 1968, Institute of Company
Secretaries of India under Section 25 of the Companies Act, 1956 for taking
over from the Government the conduct of Company Secretaryship examination. The
ICSI has since been converted into a statutory body w.e.f. 1.1.1981 under the
Company Secretaries Act, 1980. ICSI has on its rolls over 29,500 members
including over 4,500 members holding certificate of the practice. The number of
current students is over 2,30,000.
The Institute has its
headquarters at New Delhi, Four Regional Councils at New Delhi, Chennai,
Kolkata and Mumbai and 68 Chapters spread all over India.
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