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Corporate Governance
| School for Corporate Governance (SCG) |
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SCG conducts workshops and round table conferences in matters pertaining to Corporate Governance and has undertaken many initiatives for capacity building in the corporate governance space.
SCG’s strategy in fostering good corporate governance is three-pronged:
Events conducted in July, 2010:Training Of Trainers Programme For Corporate Governance NISM in collaboration with Global Corporate Governance Forum (GCGF), Confederation of Indian Industry (CII) and Indian Institute of Management - Calcutta has organized a Training of Trainers Program (TOT) on Corporate Governance at Fortune Select Exotica in Vashi (Navi Mumbai) from 22nd to 25th July 2010. This three-day interactive workshop trained the trainers of directors in adult learning skills and techniques, in the familiarization and use of the GCGF’s Resources Kit and in global developments in corporate governance. A total of eighteen participants attended the sessions out of which sixteen were from India and two from Mauritius. The faculty for the programme consisted of Mr. Eugene Spiro, Senior Projects Officer, Global Corporate Governance Forum, Dr. Mary Jo Larson PhD., an experienced trainer and co-author of the Kit and expert in adult education, Prof. Chris Pierce, Chief Executive and Founder of Global Governance Services Ltd., an UK based firm providing a variety of governance related services to a wide range of clients worldwide and Mr. Pratip Kar, former Executive Director Securities and Exchange Board of India and Member Advisory Council, Forum. Alumini Meet of TOT Participants NISM had organized a similar programme (TOT) during January 21-24, 2010, at The Retreat, Madh Island. The workshop familiarized the Resource Person with “Directors’ toolkit”, developed by the Global Corporate Governance Forum (GCGF) of IFC, with sponsorship from the Government of Japan and effective pedagogies for adult learning. An alumni reunion for the participants of this TOT was held on July 22, 2010 at Hotel Fortune Select Exotica, Vashi. 14 alumni attended the reunion, as well as speakers and facilitators from GCGF. Mr. Eugene Spiro - (Senior Projects Officer-GCGF) and Mr. Pratip Kar - (Consultant, GCGF) lead the programme. The alumni shared their experiences of six months since they attended the TOT, how they have been benefited from the toolkit, through its practical implementation in their respective professions as well as through the workshops conducted by them for Directors and suggestions for further evolving the toolkit, to make it even more adaptable to the practical business scenario. Events conducted in January, 2010:Training Of Trainers Programme For Corporate Governance
The TOT Program was designed with an objective to build capacity of existing corporate governance trainers to further enhance their knowledge, understanding and teaching techniques so that the participants would develop the knowledge base and skill sets needed to lead director education programs that reflect international best practices adapted to regional and in-country needs. Nominations for participants have been invited from the academia and other groups and twenty selected participants from these nominations were invited to participate in the programme. Mr.Eugene Spiro, Senior Projects Officer at GCGF, Mr.Pratip Kar, Member Advisory Council of GCGF, Dr.Mary Jo Larson, Faculty member at Columbia University, Ms.Anne Molyneux, Director of CS International and Prof.G.Sethu, In-charge of NISM have conducted the training sessions. The training programme focused on developing adult learning skills and techniques, in the familiarization and use of the GCGF’s Resources Kit and in global developments in corporate governance with a balanced pedagogical mix of lectures, case studies and simulation exercises.
Events conducted in November-December, 2009:Director's Colloquium: "Corporate Governance - Board Leadership - Building Effective Boards"
Director’s Colloquium - Mumbai
Events conducted in July, 2009:Based on the positive feedback and recommendations received in the Pre-Media Workshop, it was decided to conduct a full-fledged workshop for the media persons covering various aspects of Corporate Governance. Dignitaries from IFC, Media Workshop: “Reporting on Corporate Governance in NISM in collaboration with GCGF, CII and Thomson Reuters Foundation organized two workshops on “Reporting on corporate governance in The workshop included presentations on the learnings of industry stalwarts like Mr. V. Balakrishnan, CFO, Infosys Technologies Limited, Mr. P.R. Ramesh, partner of Deloitte Haskins & Sells and S. B. Billimoria & Co. and the firm’s National Leader of Audit and Enterprise Risk Services, Mr. Parvatheesam K., the Company Secretary and Compliance Officer of Infosys, Mr. Roger Jeal, freelance business journalism trainer and desk editor at Reuters for 27 years, Mr. Pratip Kar, consultant to the IFC’s Global Corporate Governance Forum and to the World Bank, Mr. Gene Spiro, Senior Projects Officer at the Global Corporate Governance Forum and Simone Azevedo, founder of Capital Aberto, the first Brazilian free press dedicated to cover capital markets issues. The full day workshop was well received by the journalist community and they appreciated the content and the manner in which the workshop had been conducted by the partners. Events conducted in April, 2009:The first event in the series of workshops/events planned was a “Pre-Workshop Meeting” with Media Editors which was held on The Pre-Media Workshop Meeting This workshop for media was conducted with the objective of understanding the need of the media persons and devising ways of equipping the journalists with corporate governance standards and practices to allow them to differentiate between the right and wrong practices at an early stage and enable them to convey the same to the public in a form which is easily understood by the public. Mr. C.B. Bhave, Chairman, SEBI participated in the discussion and the representatives from both print and electronic media participated and expressed their views on the need of such workshops. The discussion also focused on the structure, format and other important aspects of such programs. Round Table Conference on “Corporate Governance in While Indian corporate governance standards are comparable with the best in the world, there is a wide gap between the standards and their implementation. It has been felt that the time is right for one to take stock of the corporate governance norms in the country and to understand more objectively the role of Independent Directors, the obstacles to effective enforcement and the glitches in the system which cause corporate governance norms to fail. To deliberate on the above issues, the threats and recommendations for development of good corporate governance culture in the country, the Round Table was organized with the above captioned theme. Mr. Uday Kotak, Chairman, CII National Council on Corporate Governance participated in the discussion. 30 representatives from diverse groups such as policy-makers, regulators, stock exchanges representatives, institutional investors, audit firms, promoters and other stockholders participated in the conference and discussed various corporate governance related issues of importance.
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NISM in collaboration with the Global Corporate Governance Forum (GCGF), the Confederation of Indian Industry (CII) and the Indian Institute of Management, Calcutta (IIMC) has organized a four days "Training of Trainers Programme for Corporate Governance". The event was held at The Retreat, Madh Island, Mumbai from 21st to 24th of January 2010.
The Directors’ Colloquium – is a short, intensive and an interactive programme for directors which is being delivered jointly by the National Institute of Securities Market (NISM) set up by the Securities and Exchange Board of India (SEBI) and the Confederation of Indian Industry (CII), aimed at enhancing the understanding of the Boards of the issues which confront the Boards and how to deal with them. The programme is actively supported by the Global Corporate Governance Forum (GCGF), which is a multi donor fund facility located in the International Finance Corporation (IFC) of the World Bank Group. The design of the programme draws inspiration from the Corporate Governance Board Leadership Training Resources Kit developed by the GCGF. The Government of Japan has been generously supporting the India initiatives of GCGF towards capacity building in the area of corporate governance in India.