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I believe effective Corporate Governance rests fundamentally on the quality of the institutional framework within which a business operates. Investors studies not only at performance, but also whether the board is capable, informed and equipped to exercise forward-looking vision.
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Good morning to all of you. It is a pleasure to be here at a forum that places the quality of governance at the centre of its work. The Institute of Directors has an important role in keeping this conversation alive not merely, by discussing governance principles, but by encouraging informed, questioning and forward-looking dialogue in the boardroom.
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But the real test lies in today's environment; how we anticipate, how we listen, how we react to them, how we prevent them. Further, are we creating value for the organisation and the country in general? And, more importantly, are we able to keep pace with the changes?
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What the book essentially talks about is how the human brain works. There are two parts of the brain. There is the front or the sides, and then there is the brain which is behind. Generally, when there are intuitive, fast decisions to be made, we tend to do them from the front part of the brain.
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Our modern industrialisation, to some extent, has its roots in Westernisation, and it is from that tradition that we have drawn the parameters by which we now measure ourselves against the Western industrial world. Yet we must develop our own atmosphere and our own measures, for if our GDP is to have any real meaning, it must be connected to our roots and to our own way of thinking.
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Through its thought leadership, director development programmes, governance publications and national forums, it has been constantly encouraging responsible leadership and board excellence. I am particularly delighted that Chennai has been chosen to host the inaugural edition of the National Convention on 'Boards' Series.
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After my initial stint as a Sub-Collector, I was immediately given a very challenging opportunity. To be very frank, it was a newly created opportunity. It was not even a career post; it was a post created in Rameswaram as the Project Director of Palk Bay Fisheries.
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As a global integrated logistics and energy company operating across diverse geographies, we have witnessed first-hand how resilient governance enables organisations to navigate uncertainty, seize emerging opportunities and create enduring value.
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The winners of tomorrow will be those who can connect capabilities, build bridges, share knowledge, create ecosystems that are larger and more capable than any individual organisation, and this has an important message. The future of competition is increasingly the competition between ecosystems.
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By- Institute of Directors | Authored by- Hon'ble Justice Mrs. Sunita Agarwal
Aug 12, 2026
The theme of this year's Conference, "Board Strategy for Securing the Future: Risk and Resilience in Nature and Climate Governance," reflects that transformation. It recognises that environment management is no longer confined to pollution control, regulatory compliance or corporate social responsibility. It has become a question of governance, strategy and long-term institutional resilience.
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