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Boards and Directors have to be very careful in appointing statutory auditors. Ensure that they are truly independent and not conflicted.
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Sometimes there is too much oversight, and there is a question of whether it impinges on the autonomy of the boards, so we have to constantly maintain a balance in operational and financial autonomy.
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Today, we believe in a world of sharing where we do not intend to colonise. That's a very important aspect, even in corporate governance and the values we generate in corporate engagement, in looking at human welfare.
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I believe that every power that is given to every person, whether it is the administrative setup, or governmental apparatus, or even the corporate ideas, is ultimately to achieve what is called a 'common good' or a 'societal good'. That is your ultimate destination; that is what we are here to achieve.
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At the Muthoot Group, we are adopting more measures to act on our ESG goals and embedding it across our business operations. We need to acknowledge the need for sustainable innovations that will minimise the environmental impact.
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I believe the fabric of the UAE is made up of three things: Ambition, Gumption, and Innovation. From a small sleepy desert settlement to one of the world's most popular cities, Dubai is one of the best living examples of what we can do today to prepare for tomorrow – and how best it can be done.
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Far-sighted and holistic boardroom strategies and practices that place good governance, transparency, justice and accountability, at the core, are essential to achieve social, environmental and economic transformation.
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Leaders for the future must also be concerned with global issues such as climate change, environmental sustainability, economic progress and stability, social progress, and quality of life in their societies and around the world.
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Our task is to create organisations that are sufficiently flexible and versatile to take our imperfect plans and make them work in execution. That requires a learning organisation, not a rigid, hierarchical or bureaucratic organisation.
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