The Salem Branch of Southern India Regional Council (SIRC) of the Institute of Chartered Accountants of India (ICAI) and the Salem Chapter of the Institute of Company Secretaries of India (ICSI) in association with Ministry of Corporate Affairs, Government of India organised a series of programmes as part of the ‘India Corporate Week – 2010′ celebrations, under the topic ‘Sustainable Business’, here recently.
Chairman of the Salem branch G. Goudhaman in his introductory address said that the basic charter of Ministry of Corporate Affairs was to promote the growth of the Indian corporate sector through enlightened regulation. “To enable formulation of enlightened regulations that provide a framework for the corporate sector and its stakeholders to achieve their aspirations, the Ministry has developed a collaborative form of working pattern with all the stakeholders. In the true spirit of partnership between the government and the businesses, as both are intrinsic parts of a democratic framework and as the structure of corporate governance is essentially rooted in democracy, we need to bring our shareholders and stakeholders as real voices in the corporate democratic space wherein relations are defined by mutual respect,” he said.
“While the Ministry is focusing on the entire business sector and a number of initiatives in this direction are underway, it is felt that there is a need to provide positive reinforcement of the efforts made by the corporate sector in the development of India,” he said. A series of events were organised by the Salem branch of ICAI, which was inaugurated by C. Valliappa, Chairman, Sona College of Technology and Valliappa Group of Companies, Bangalore. The programme was also attended by A. Dheerajlal, Secretary, Sona College of Technology.
Source: THE HINDU