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A Report on 2024 Annual London Global Convention

By- Institute of Directors


The Institute of Directors (IOD), India, organised its annual flagship event, the London Global Convention on 'Corporate Governance and Sustainability' in London from November 13-16, 2024. The Convention was inaugurated with the traditional lighting of the lamp of knowledge, followed by deliberations in Hotel The Montcalm, Marble Arch, London, on November 13 and 14. The prestigious annual Global Business Meet was held on November 15 at the House of Lords, Parliament, UK. The last day was marked for a Special Session on the theme, “Board's Strategy on Sustainable Practices for a Healthy Living and Inclusive Growth”, held at the Institute for Healthy Urban Living, University of Westminster on November 16, 2024.

The theme of this year's Annual Convention was 'Board's Strategy for a Secure Future & Turning Disruptions into Opportunities'. The famed Golden Peacock Awards instituted by the Institute of Directors, India, in 1991 for 'Corporate Governance', 'Sustainability' (both National and Global), 'Risk Management', and 'ESG' were also presented to the winners amongst business and industry at the 'Golden Peacock Awards Nite Ceremony' on November 13. All the national and global winners who had won the Awards collected the same, in person, from the Chief Guest. The list of the Winners is contained elsewhere in this Issue.

This year's Global Business Meet and London Global Convention saw an attendance of over 400 delegates, including distinguished experts, prominent industrialists, and renowned speakers from India and across the globe. Participants from 18 countries attended the event, including Austria, Brazil, Canada, Denmark, Finland, Ghana, Nepal, the Netherlands, Norway, Saudi Arabia, Spain, Sri Lanka, Switzerland, Thailand, the UAE, the UK, the USA, and India. A large number of prominent members of the Indian diaspora in U.K. were present and participated in the Global Business Meet.

At the Global Business Meet held at the House of Lords on November 15, a tribute was paid to the late Mr. Ratan Tata by Mr. Nasser Munjee. A minute of silence was observed by the distinguished business leaders in attendance, each one reflecting on the indelible mark left by Mr. Tata on the world. Mr. Munjee's heartfelt words commemorated Mr. Tata's extraordinary legacy, acknowledging his immense contributions not only to business but also to philanthropy and nation-building. The tribute was an inspiring reminder of how one man's legacy can shape generations and inspire change across the globe. The full tribute is featured on page 72.

PLENARY SESSION I - Inaugural Session

Dr. Graham Wilson, Psychology & Counselling, University of Oxford, UK India, warmly welcomed everyone to the 2024 London Global Convention and set the tone for the deliberations. He highlighted the significance of the Global Peacock Awards and expressed gratitude to all IOD partners for their support in organizing the convention and business meet. He emphasized that boards must prioritize inclusivity, the development of sustainable and resilient global value chains, and shared his insights on the theme of the convention.

The 'Opening Address' was delivered by:

Mr. Ashok Kapur, IAS, (Retd.)
Director General
Institute of Directors, India

Mr. Kapur welcomed all the esteemed guests and delegates to the London Global Convention.

He spoke about the transformative impact of digital platforms, predicting they will influence over 50% of the global economy by 2025. He emphasized the need for businesses to embrace disruption as a catalyst for innovation, adopt strong governance amidst uncertainty, and leverage human capital and technology to navigate the rapid change. The Convention, he noted, provides a platform in how to turn challenges into sustainable opportunities and drive meaningful progress.

The 'Welcome Address' was delivered by:

The Baroness Verma
Global Chair, Advisory Council, Institute of Directors, India Member of the House of Lords
former Minister, International Development and Energy & Climate Change, Govt. of UK

Baroness Verma urged business and industry leaders to focus on the opportunities brought by disruption, particularly through technology, which she described as a powerful force reshaping the business landscape. She emphasized the need for corporate boards to evolve, becoming more inclusive and welcoming diverse perspectives to stay relevant in a changing world. She concluded by calling for clarity and consistency in leadership, encouraging leaders to align their vision with decisive action.

The 'Keynote Address' was delivered by:

1. Mr. Eugene Mayne
Founder and Group Chief Executive
Tristar Group, UAE

2. The Lord Johnson of Lainston CBE
Ex-Minister of State, Department for Business and Trade, UK

Mr. Mayne spoke about the evolving role of boards in an era defined by technological advancements, economic uncertainties, and changing societal expectations. He emphasized the need for foresight, integrating risk management and scenario planning into strategic reviews to navigate uncertainty effectively. Highlighting the importance of adaptability, he stated, "When we know what is coming, we prepare. But when we don't know what's coming, we must position." Innovation, fostering a culture of continuous improvement, and focusing on meaning and relevance to all stakeholders were underscored by him as essential for businesses to stand out and remain indispensable in a competitive world.

Lord Johnson emphasized the importance of strengthening free trade between India and the UK, highlighting its potential to create a mutually beneficial economic relationship. He advocated for greater collaboration and urged for the finalisation of a Free Trade Agreement, noting that such partnerships could make London richer, happier, and more secure. Drawing on deep cultural and historical ties, trust, and expertise shared by both nations, he envisioned this collaboration evolving into a global economic powerhouse. Citing his past experience, he referenced the development of battery facilities in London in partnership with Tatas, emphasizing that such achievements are only possible through robust international collaboration. He concluded by underscoring the transformative impact of healthy trade relations and business synergies on both economies.

The 'Guest of Honour Address' was delivered by:

Mr. M. Nagaraju, IAS
Secretary
Department of Financial Services,
Ministry of Finance, Govt of India

Mr. Nagaraju spoke about India's pivotal role in the evolving global trade landscape and its ambitious target of achieving $2 trillion in exports by 2030.

He highlighted India's robust trade growth, driven by enhanced market access through Free Trade Agreements (FTAs), increased productivity, and a strong focus on innovation. He cited the India-UK economic partnership as a stellar example of mutual benefit, with the UK ranking as India's sixth-largest export destination and India being the UK's fifthlargest source of services imports. Furthermore, he noted India's growing footprint in the UK as the second-largest source of FDI, with significant investments in green technology, sustainable energy, and climate-conscious initiatives. He concluded by affirming that the shared commitment of both nations to innovation and sustainable growth will continue to unlock vast opportunities and secure a prosperous future for them.

The 'Chief Guest Address' was delivered by:

Ms. Tulip Siddiq MP
Hon'ble Parliamentary Secretary
(Economic Secretary to the Treasury and City Minister) HM Treasury, Govt. of UK

Ms. Siddiq spoke about enhancing trade relations between India and the UK, particularly focusing on fostering deeper connections between India and London. She outlined various initiatives by the UK government to promote trade and investment opportunities, as well as highlighted the commitment of the new government in providing greater market access, enabling stronger export opportunities for both nations. She noted that the trade between India and the UK is already valued at £42 billion annually, a figure that underscores the strength of their partnership. She further emphasized the significant impact of UK companies, which, through their financial platforms, have supported over 2,000 SMEs in India, including many women-led enterprises, with ambitions to scale up this impact by 2027. Additionally, she reiterated the commitment of the UK Government to assist British businesses in exporting products and services to India. Concluding her remarks, she stressed that the essence of this partnership lies in empowering SMEs to grow and thrive.

PLENARY SESSION II -
Boards in an Uncertain World: Embracing Good Corporate Governance & Inclusive Growth

The Session was Chaired by:

Lord Karan Bilimoria, CBE, DL, FCA
Member, House of Lords
Founder and Chairman, Cobra Beer Partnership Ltd., UK

The Session had the following distinguished speakers:

1. Ms. Helen Brand OBE
Chief Executive
Association of Chartered Certified Accountants (ACCA), UK

2. Mr. Alok S. Kirloskar
Managing Director, SPP Pumps Ltd., and MD, Kirloskar Brothers International B.V., UK

Lord Bilimoria spoke about the critical role of embracing uncertainty and the lessons history offers in safeguarding the future during his insightful speech. Highlighting the essence of transformational leadership, he emphasized that true leaders are defined by their response to adversity and challenges. According to him, qualities such as authenticity, compassion, humility, and integrity form the foundation of exceptional leadership. He shared three guiding principles that have seen him through crises: building and maintaining a strong brand, relying on a loyal and supportive team, and upholding the moral conviction that it is better to fail while doing the right thing than to succeed by compromising one's values. Concluding his address, he underscored that trust is the cornerstone of leadership, and it can only be earned through authenticity, professional competence, and empathy qualities that inspire confidence and enable leaders to deliver on their promises.

Ms. Brand spoke about the evolving role of risk assessment and governance in shaping sustainable business strategies amidst challenges like climate crises, geopolitical uncertainties, and supply chain disruptions. She highlighted that good corporate governance, once seen as a statutory obligation, is now central to boardroom activity, driven by the complexities of modern business. She underscored the strategic importance of finance professionals, particularly accountants, who provide a 360 degree view of operations and bring critical skills to drive innovation, integrate ESG principles, and promote sustainable business models.

She concluded with ACCA's commitment to advancing Governance Excellence and fostering sustainable practices through integrated reporting and research.

Mr. Kirloskar spoke about the transformative shifts in business models, technology, and stakeholder dynamics over the past two decades, emphasizing the critical role of boards in supporting innovation and sustainable transitions. Sharing his experience as Managing Director, steering a company to diversify beyond oil and gas, he highlighted the challenges of aligning expertise, cost structures, and a mindset with new opportunities. He stressed the importance of fostering a culture of innovation, as only human ingenuity, not AI, can redefine market dynamics. Reflecting on Indian companies' long-standing community engagement, he noted how fairness, transparency, and inclusiveness have built strong organizational reputations. He concluded by underlining the need for boards to empower CSOs with the resources to drive sustainability, positioning it as both a moral obligation and a competitive necessity in today's evolving market landscape.

This was followed by an interactive Q&A Session with the audience.

PLENARY SESSION III -
Corporate Governance in the World Economy: The Changing Role of Directors

The 'Keynote Address' was delivered by:

1. Dr. Vivek Lall
Chief Executive
General Atomics Global Corporation, USA

2. The Rt. Hon. Lord Hannan of Kingsclere
President
Institute for Free Trade, UK

3. Mr. Richard Barker
Board Member, International Sustainability Standards Board (ISSB)
Ex-Deputy Dean and Professor of Accounting,
Saïd Business School, University of Oxford, UK

Dr. Lall spoke on the theme 'Equipping Boards for Resilience in Business and Governance'. He highlighted the expanding responsibilities of corporate directors beyond traditional oversight and compliance. He emphasized the growing focus on ESG integration, digital transformation, and proactive risk management, including cybersecurity and geopolitical risks. He stressed the need for directors to engage in strategic decision-making, diversify board expertise, and adapt to rapid technological advancements. Concluding his remarks, Dr. Lall noted that balancing stakeholder interests with strategic foresight is key to effective corporate governance in today's complex business landscape.

Lord Hannan spoke on the theme, 'UK-India Free Trade Agreement: Building Future Ready Boards'. He emphasized that ESG and DEI should not be treated as indulgences or compensations for profit-making, as generating profit and providing prosperity through voluntary transactions is inherently valuable. Quoting, “Get all you can, save all you can, and give all you can,” he underscored the importance of balance. Highlighting the unique opportunity between India and the UK, he spoke about strengthening trade relations, including easing travel for commercial purposes and adopting global common standards, particularly for food safety. He further advocated for improving access to the best and most affordable legal, banking, and educational services across both nations.

Mr. Barker spoke on the theme 'Directors' Role in Lawful, Ethical, and Sustainable Value Creation'. He emphasized that addressing climate change is not just a moral obligation but a major business opportunity. While the Intergovernmental Panel on Climate Change (IPCC) advocates limiting global warming to 2°C, failure to act could displace 4 billion people worldwide, turning climate into a corporate issue, not just a social one. He urged businesses to view sustainability as a driver of growth, noting that a sustainable future offers far more opportunities than an unsustainable one. He further highlighted the importance of clear sustainability reporting, aligning strategic planning with actions to transition away from fossil fuels while staying competitive in a rapidly changing economy.

PLENARY SESSION IV -
Board's Role in Integrating ESG into Wise Investment Decision-Making

The Session was Chaired by:

Mr. Mohit Ralhan
Global CEO & Managing Partner
TIW Capital Group, UAE

The Session had the following distinguished speakers:

1. Dr. Sandesh Gulhane, MSP
Member of the Scottish Parliament for Glasgow Region, UK

2. Mr. Terry Heymann
Chief Financial Officer
World Gold Council, UK

3. Mr. Angelo George
Chief Executive Officer
Bisleri International Pvt. Ltd., India

4. Mr. Sanjay Kumar
Chief Strategy & Sustainability Officer
Granules India Ltd., India

Mr. Ralhan spoke about the pivotal role of boards in driving meaningful investment decisions by embracing ESG principles. He highlighted that ESG is not in contradiction to capitalism but a framework that enhances competitiveness, productivity, and stakeholder welfare while ensuring long-term profitability. Mr. Ralhan emphasized the transformative potential of AI and ML technologies in improving productivity in an ESG-compliant manner, addressing global inequalities, and fostering sustainable growth. He underscored that ESG integration is not merely about compliance but about aligning financial success with social and environmental responsibilities. With the adoption of ESG-compliant practices projected to grow significantly over the next two decades, he urged boards to recognize ESG as a key driver of strategic investment decisions. By leveraging technology and embedding ESG into their frameworks, boards can ensure a future where financial success is harmonized with broader societal and environmental goals.

Dr. Gulhane spoke about the vital need for resilient and adaptable systems in the face of global challenges, such as the recent pandemic. He emphasized the role of empathy and efficiency in leadership, highlighting how ESG should prioritize valuing people, as it is both ethical and beneficial for business success. He stressed that the health, trust, and well-being of employees directly influence organizational resilience and profitability, advocating for strategic investments in these areas. Practical measures, like supporting employee well-being through initiatives such as daylight breaks or light therapy, were cited as forward-thinking strategies. Mr. Gulhane urged leaders to champion policies that blend empathy with strategic foresight, turning challenges into opportunities and building organizations that ensure sustainable success for future generations.

Mr. Heymann highlighted the role of the World Gold Council, led by CEOs of major global gold mining companies, in promoting responsible mining practices. He emphasized the importance of ensuring gold mining activities that benefit society and adhere to a voluntary framework of 52 principles for ethical and sustainable mining. This framework, he noted, is continually evolving to incorporate industry-wide standards for consistency and responsibility. He stressed that integrating sustainability into business objectives is not only the right thing to do but also vital for long-term success in the mining industry. He called for a shift in focus from identifying emitters to finding actionable pathways for decarbonisation. In closing, he urged industries to adopt a forwardlooking approach, ensuring their practices and products adapt to meet future sustainability goals.

Mr. George highlighted the challenges of integrating sustainability into the water bottle industry , noting that both the finite nature of the product and its packaging pose significant obstacles. He proudly shared that Bisleri has been plastic-neutral and waterpositive for the past four years, recycling more plastic than it introduces into the market and recharging more water than it extracts. He emphasized that their facilities meet global regulatory standards, including in India, ensuring the safety of their bottled water. Addressing the issue of mindless plastic disposal, he called for collective efforts to tackle this challenge and showcased innovative uses of recycled plastic, such as in fashion and fabric production. He also highlighted Bisleri's ongoing sustainable initiatives in water recharging, advanced plastic packaging, and recycling.

Mr. Kumar highlighted the growing shift from shareholder-centric to stakeholder-centric business approaches, emphasizing that what benefits society, ultimately benefits companies. Further, highlighting the environmental aspect of business, he stressed the imperative for corporates to mitigate pollution, driven by the universal need for clean air and a sustainable future. He underscored the role of minor innovations in conservation efforts within organizations and urged companies to actively protect and preserve the environment for future generations through meaningful, incremental changes.

This was followed by an Interactive Q&A Session with the audience.

PLENARY SESSION V -
Strengthening the Role of Independent Directors: Board Dynamics, Board Committees & Effectiveness

The Session was Chaired by:

Mr. Nasser Munjee
Chairman of Board of Directors
Tata Motors Finance, India

The Session had the following distinguished speakers:

1. Mr. Viral Gathani
Senior Managing Director - Essar Energy Transition
Essar Group, UK

2. Mr. Mark Babington
Executive Director
Financial Reporting Council, UK

3. Mr. Christopher J. Lay
Chief Executive Officer
Marsh McLennan UK

Mr. Munjee spoke about board effectiveness, emphasizing the pivotal role of the board chairman in navigating companies through a rapidly changing world. He highlighted the shift from a unipolar to a multipolar global landscape and stressed that "business as usual" is no longer an option. The chairman, he noted, must promote cohesion within the boardroom while strategically positioning the company amidst these changes. In the context of ESG, technology, and workplace transformation, directors must equip themselves with relevant skills to steer their organizations effectively. He also underscored the importance of "internalizing the external" integrating external shifts into the company's core strategies and concluded with a quote: "If you do not know which boat you are sailing, no wind is favourable."

Mr. Gathani spoke about governance in a rapidly changing world, outlining four key areas of importance. First, he highlighted the impact of rapid change driven by technology and globalization, illustrating how processes have evolved from traditional mail to instantaneous emails and video conferencing. Second, he discussed the gradual shift in economic leadership from developed to developing nations, particularly in terms of GDP growth. Third, he emphasized the ambiguity of information and the increasing need for swift decisionmaking in governance. Lastly, he stressed the importance of independence, scrutiny, diversity, and embedding ESG imperatives in governance structures, noting that genuine independence requires deep expertise and skilled professionals to navigate these complexities effectively.

Mr. Babington highlighted the Corporate Governance Code's success as a flexible, principles-based framework enabling boards to navigate challenges effectively. He reflected on how boards maintained stability during the COVID-19 crises and noted the growing shift from financial to non-financial reporting. Addressing AI's integration and the rapid pace of change fuelled by social media, he stressed the need for governance systems to be responsive and proactive. He concluded by emphasizing the board's critical role in identifying priorities, understanding challenges, and guiding companies through the growing uncertainty.

Mr. Lay emphasized the importance of risk, calling it essential for business survival and success. He highlighted that effective boards proactively address risk and resilience, underscoring the critical role of diversity across locations, gender, and age. To promote diversity, he stressed breaking down silos ensuring the entire board is informed about risks and combating 'groupthink' by promoting open dialogue and reducing hierarchy dominance. He urged non-executive directors to lead in creating a culture where speaking up is encouraged. Ultimately, he advocated using diversity to enhance resilience and proactive risk-taking for organisational success in a rapidly changing world.

This was followed by an Interactive Q&A Session with the audience.

PLENARY SESSION VI -
AI Momentum and the Boardroom: Embracing the Future of Corporate Governance

The Session was Chaired by:

Mr. Roger Spitz
Chair, Disruptive Futures Institute
Founder & CEO, Techistential
San Francisco, USA

The Session had the following distinguished speakers:

1. Dr. B. V. R. Mohan Reddy
Founder Chairman & Board Member
Cyient Limited, India

2. Mr. Naveen G.V.
Global Development Officer & MD, AAPAC
Benchmark Digital Partners LLC, India

Mr. Spitz spoke about the growing complexities and uncertainties in our world, urging a move beyond traditional strategic playbooks and flawed assumptions of predictability. He emphasized the need for 'anticipatory governance' to explore multiple futures, challenge the status quo, and leverage innovation as a catalyst for hope and transformation. Addressing the future of 'Artificial Intelligence', he highlighted the shift as AI takes over critical tasks, diminishing human decision-making advantages. Introducing the concept of “Techistentialism,” he explored the interplay of technology and human existence, urging the development of traits like Antifragility, Anticipation, and Agility his AAA Framework to stay relevant as machines rapidly advance in mastering higher-level functions.

Dr. Reddy broadly discussed the transformative potential of artificial intelligence (AI) in business and society, highlighting its applications and the factors driving its rapid growth. He outlined four key pillars of the ongoing AI explosion: advancements in computing power, enhanced communication networks including the Internet of Things, the replication of human senses through AI, and the increasing speed and efficiency of AI technologies. Examples like telekinetic surgery underscore AI's remarkable capabilities. However, he cautioned about the challenges associated with AI, including concerns about cybersecurity, societal disruptions like unemployment, and accountability issues, such as those faced with automatic vehicles. He concluded by stressing the ethical responsibility and governance needed to ensure AI is deployed responsibly and sustainably.

Mr. Naveen highlighted various AI models his company has been developing to assist clients in enhancing workforce engagement and ensuring the delivery of high-quality data. He stressed the critical importance of data accuracy, noting that inaccurate data leads to unreliable insights, diminishing the value and effectiveness of AI-driven solutions. The tools he described exemplify the company's focus on leveraging AI to streamline processes, improve decision-making, and create more effective and efficient systems. He also emphasized that accurate data serves as the foundation for actionable insights, underscoring the need for robust data quality measures in all AI applications.

This was followed by an Interactive Q&A Session with the audience.

PLENARY SESSION VII -
GOLDEN PEACOCK AWARDS CEREMONY

Special Presentations was made by:

1. Mr. Paritosh Mathur
Head – Wholesale Banking
IDFC FIRST Bank, India

2. Mr. Ajay Poddar
Founder & Managing Director
Syenergy Environics Ltd., India

Mr. Mathur spoke on the theme, 'Turning Disruptions into Opportunities: An IDFC FIRST Bank Case study'. He highlighted IDFC First Bank's role in financial services, emphasizing its focus on collecting savings and facilitating lending. He proudly noted the bank's leadership in the FASTag market, making it the largest toll collector in the country.

Mr. Poddar spoke on the theme, 'Advances in the Health care Sciences & Wellness'. He emphasized the need for proactive healthcare, noting that only 25% of people undergo regular checkups, often driven by mandates or health issues. He criticized reliance on costly branded drugs over generics and the neglect of traditional methods like Ayurveda. Highlighting wellness as a proactive lifestyle of exercise, sleep, and non-medicinal practices, he urged shifting focus from treating illness to preventing it. He also pointed out that hospitals may resist adopting faster diagnostic technologies due to revenue concerns, calling for a mindset change to prioritize prevention and well-being over profits.

This was followed by an interactive Q&A Session with the audience.

PLENARY SESSION VIII -
GOLDEN PEACOCK AWARDS CEREMONY

The Golden Peacock Awards Ceremony was anchored with an introduction by:

Dr. Graham Wilson
Psychology & Counselling
University of Oxford, UK

Dr. Wilson welcomed all guests to the Golden Peacock Awards ceremony, expressing his gratitude to the sponsors and partners for their overwhelming support to the London Global Programme. He specifically thanked Tristar Group (Presenting Partner), IDFC FIRST Bank (Platinum Partner), Gold Partners: Bisleri International Pvt. Ltd., and Granules India Limited, and all the Silver Partners: AFCONS Infrastructure, TIW Capital Group, ICICI Bank UK PLC, Essar Energy Transition, Muthoot Microfinance, and Apeejay Stya & Svran Group, along with bronze Partners, strategic partners, associate partners, and supporters. Dr. Wilson also introduced the IOD Golden Peacock Awards, noting that these Awards not only assist organizations in brand building but simultaneously serve as a valuable tool for educating and raising the standards of other organizations.

The 'Global Chairperson for IOD, India in the UK' remarks were delivered by:

The Baroness Verma
Global Chair, Advisory Council, Institute of Directors, India
Member of the House of Lords and Former Minister, International Development and Energy & Climate Change, Govt. of UK

Baroness Verma discussed the positive changes that have taken place in IOD conferences over the past few years. She shared, “It all begins with a conversation within your organization, which evolves into a relationship, transforming into communication that leads to a shared vision. This vision fuels the purpose of why we are here to do our very best for people, profit, and the planet. If your organization fosters this from the 'top down', treating everyone from the doorman to the CEO with the same respect, you won't need external ambassadors. Your people will become your best advocates.”

This was followed by remarks from the Global Chairman for IOD, India in the UAE by:

Dr. Tayeb Kamali
UAE Chapter Chairman, Institute of Directors, India;
Chairman of the Board of Trustees, Abu Dhabi School of Management, UAE

Dr. Kamali discussed the renowned Golden Peacock Awards and the objectives, noting that the Award has become a benchmark of Excellence. He emphasized its true significance, stating, “The Golden Peacock Awards today symbolize your hard work, dedication, and excellence.” He then congratulated all the winners and warmly welcomed everyone to this grand evening of inspiration and celebration.

This was followed by ‘Special Address’ by:

Mr. Eugene Mayne
Founder and Group CEO
Tristar Group, UAE

Mr. Mayne extended his congratulations to all the winners, emphasizing that participation, whether in victory or defeat, is what truly matters. He reflected on the IOD India's growth since its establishment in 1991, noting how the Golden Peacock Awards have expanded in stature and scope, increasingly attracting entries from both public and private organizations. He highlighted the evolution of Sustainability, from being a token term on board agendas to now guiding corporate strategy for most CEOs. He acknowledged the Golden Peacock Awards as globally respected and prestigious. Finally, he expressed pride in IOD's accomplishments and wished the Institute continued success in the coming years.

This was followed by ‘Special Remarks’ by:

Dr. Vivek Lall
Chief Executive
General Atomics Global Corporation, USA

Dr. Lall emphasized the growing importance of Corporate Governance as the world evolves. He noted that regardless of the country or industry, there will be increased emphasis on capitalism and the need for transparency and accountable governance, which will become key competitive factors. Diversity and inclusion will also be crucial in moving forward, alongside heightened regulatory scrutiny and compliance. Most importantly, he stressed that ethics and corporate responsibility will increasingly guide success, shaping not just companies but the economy as a whole.

This was followed by 'Keynote Address' by:

The Rt. Hon. the Lord Goldsmith KC
Member, House of Lords, Chair of European & Asian Litigation; Former Attorney General for England and Wales, UK

Lord Goldsmith, Chair of the House of Lords in England, discussed the significant role of his committee in scrutinizing treaties that the UK government enters into, marking a shift from past practices where agreements were less closely examined. He expressed anticipation for scrutinizing the India-UK Free Trade Agreement, acknowledging the booming trade between the two countries. Lord Goldsmith also paid tribute to the Institute of Directors (IOD), India sharing his personal experience transitioning from a litigation background. He emphasized the importance of Good Governance, Transparency, and Accountability, and commended the IOD India's efforts in providing guidance for corporate directors.

This was followed by the 'Guest of Honour Address' by:

Mr. M. Nagaraju, IAS
Secretary, Department of Financial Services, Ministry of Finance, Govt. of India

Mr. Nagaraju highlighted that the Golden Peacock Award symbolizes the highest standards of corporate excellence and responsible business practices. He endorsed the crucial role of sound governance and accountability in India's financial sector, emphasizing the government's efforts to create an enabling environment for transparency, ethical conduct, and innovation in financial services. He appreciated organizations that demonstrate strong ethical frameworks and sustainable growth. He noted that these Awards not only recognize company achievements but also their commitment to integrating sustainability and responsible investment. He extended his heartfelt congratulations to all the winners and industry leaders, whose achievements set a benchmark for Excellence in Governance and Sustainability, wishing everyone an inspiring evening.

The ceremony proceeded with the Felicitation of the Leadership Award, presented to Dr. B. V. R. Mohan Reddy, Founder Chairman and Board Member of Cyient Limited, India, in recognition of his exemplary contributions to leadership and innovation.

This was followed by the Felicitation of IDEAL 2024 awardees, including Mr. Virendra Sharma, Former Member of Parliament for Ealing Southall, United Kingdom, and Mr. Sadaf Sayeed, CEO of Muthoot Microfin Limited, India, for their outstanding achievements in their respective fields.

The day concluded with the Presentation of the Golden Peacock Awards for Corporate Governance, ESG, Sustainability (Global & National) and Risk Management by Mr. M. Nagaraju, IAS and The Rt. Hon. the Lord Goldsmith K.C. These awards added an illustrious touch to the ceremony by honouring organizations for their commitment to excellence and best practices.

All the winners were present at the ceremony and personally received their awards, having travelled to London from various countries for this prestigious event. A detailed list of all the award winners is provided in this issue from page number 89 to 102 - Please click here to see more.

PLENARY SESSION IX -
Organisational Resilience for Growth

Case Studies on 'Risk Management’

The Session was Chaired by:

Ms. Aroshi Nanayakkara
Non-Executive Director, Sampath Bank PLC & Chair, The Sri Lanka Institute of Directors

Ms. Nanayakkara introduced her country, Sri Lanka, emphasizing its beauty as a travel destination. She outlined the causes of the country's recent economic crisis and broadly discussed its economic structure, highlighting key sectors and challenges. She also explained Sri Lanka's regulatory framework for corporate sustainability, along with various government initiatives and policies aimed at promoting sustainability across industries.

This was followed by presentation of Case Studies in the category 'Risk Management' by the below-mentioned companies:

1. Engineers India Limited
2. Carborundum Universal Limited, Chennai
3. Hindalco Industries Limited
4. ONGC Videsh Limited
5. Bangalore International Airport Limited

Each presentation was followed by an interactive Q&A Session with the audience.

PLENARY SESSION X -
Building High-Performance Boards through effective Corporate Governance & Sustainability

The Session was Chaired by:

Mr. Ovais Sarmad
Vice-Chair, GHG Protocol Steering Committee, &
Ex-Deputy Executive Secretary of the United Nations Framework Convention on Climate Change, (UNFCCC), Spain

The Session had the following distinguished speakers:

1. Mr. Derek Blair
Deputy President
The Institute of Chartered Accountants in England and Wales (ICAEW), UK

2. Mr. Balaji Nagabhushan
Group Chief Administrative Officer
Tristar Group, UAE

3. Mr. M. P. Vijay Kumar
Executive Director & Group CFO
Sify Technologies, India

Mr. Sarmad, drawing on his experience in multilateral environmental diplomacy, emphasized the urgency of climate action. Referencing COP discussions and international reports, he noted that global temperatures have already reached the 1.5°C threshold, with severe impacts, including rising sea levels and accelerated glacial melting in Antarctica. He stressed that sustainability is no longer a choice but a necessity and must be made integral to leadership. Leaders, he argued, must adopt a people-centric approach to foster societal change and balance risk, resilience, and opportunity together. He further added that board leaders must balance risk, resilience, and opportunity simultaneously, as this is the only way forward. He concluded by urging leaders to act on the right side of history-doing what is right, even when it means confronting what we do not know or what we may be inclined to ignore.

Mr. Blair emphasized the critical role of boards in promoting an ethical culture and embedding sustainability into business strategy, noting that these are now core expectations by investors, consumers, and the society at large. While good intentions and resources do exist, he stressed the need to translate them into practical, operational action. He highlighted the alignment of skills among Chartered Accountants and board directors in driving transition plans, governance, and sustainability, underscoring the board's responsibility to balance profitability with broader societal impacts.

Mr. Nagabhushan reminded all present that prevention is better than cure in addressing climate change, which impacts all industries, sectors, and lives. He highlighted the corporate board's critical role in driving strategic governance, sustainability, and innovation to achieve net-zero goals. He discussed sustainable business models, including waste reduction, recycling, energy efficiency, effective climate governance, and stakeholder engagement across investors, employees, customers, suppliers, and regulators. While acknowledging companies with strong sustainability frameworks, he noted the varying roles and responsibilities of boards depending on industry, size, and location. He stressed the importance of climate literacy for board members to facilitate informed decisions and transitions. He concluded by urging boards to take up responsibility, as they have the power to change their organizations' trajectory—ultimately protecting people and preserving the planet.

Mr. Kumar spoke about the indispensable role of a high-performance board in today's dynamic business environment, emphasizing that such boards transcend routine decision-making to become the cornerstone of a company's strategic direction, ethical practices, and sustainability objectives. He highlighted the evolving nature of ethical challenges shaped by societal norms, environmental concerns, and technological advancements.

He also pointed out that boards influence leadership behaviour and employee conduct by fostering transparency, accountability, and aligning incentives with core ethical values. Referring to “The Sify Way,” he shared principles for ethical business conduct, including prioritizing customers, being accountable, treating others with dignity, taking action, confronting issues with courage, working as a team, and safeguarding the company's interests. Ultimately, he concluded that boards capable of adapting to changing dynamics while ensuring ethical alignment are best positioned to drive sustainable growth in future.

This was followed by an interactive Q&A Session with the audience.

This was followed by the launch of the Sustainability Report 2023 of Venkata Narayana Active Ingredients (VNAI), presented by its Managing Director and CEO, Mr. Chandra Kumar Verma.

PLENARY SESSION XI -
Board Leadership and Strategy: Harnessing Corporate Governance to Drive Transparency and Accountability

The Session was Chaired by:

Ms. Alice Spencer
Executive Director - Education
University of Cambridge Institute for Sustainability Leadership (CISL), UK

The Session had the following distinguished speakers:

1. CS Dhananjay Shukla
Vice President
The Institute of Company Secretaries of India (ICSI)

2. Prof. (Dr.) R. P. Banerjee
Chairman & Director
Eastern Institute for Integrated Learning in Management (EIILM) – Kolkata, India

3. Dr. Binod Atreya
Managing Director
Banking Finance & Insurance Institute of Nepal Ltd.

4. CMA Neeraj D. Joshi
Council Member & Chairman
Cost Accounting Standard Board The Institute of Cost Accountants of India (ICMAI)

Ms. Spencer spoke about competitive sustainability, emphasizing that every board begins its meetings with risks, yet problems appear to be accelerating faster than solutions. Leaders, she argued, must actively shape the markets they aim to drive. Introducing the Institute for Sustainability Leadership at Cambridge University, she highlighted their longstanding commitment to sustainability predating its mainstream adoption. She underscored that "we cannot do business on a dead planet" and warned that business-as-usual will fail to deliver the economic transition needed. While nature will inevitably shape this transition, she remained optimistic that strategic leadership can still influence its course, urging leaders to act decisively.

CS Shukla spoke about the crucial role of company secretaries in corporate governance, highlighting their evolving responsibilities as governance professionals, statutory auditors, and key managerial personnel (KMP). He emphasized the importance of companies prioritizing environmental conservation, recommending that boards appoint a dedicated individual or an ESG advisor to lead sustainability practices. He stressed that companies must minimize emissions across their products, services, and supply chains, while ensuring effective engagement with stakeholders, focusing on their convenience. Mr. Shukla further underlined that company secretaries play a key role in fostering strong stakeholder relationships, as they already oversee a significant portion of environmental, social, and governance (ESG) responsibilities. The legal role of the Company Secretary has evolved into a vital link between the board and stakeholders, requiring a blend of legal expertise, corporate knowledge, and interpersonal skills to manage the complexities of today's business environment.

Prof. (Dr.) Banerjee emphasized that corporations need to be more mindful of societal issues such as disparity, poverty, literacy, and health, beyond just addressing them through Corporate Social Responsibility (CSR). He argued that CSR alone is insufficient to address the fundamental challenges facing society today. Drawing upon ancient Vedic texts, he urged that India must return to its roots to learn about prosperity, wealth, and lifestyle. Prof. Banerjee also highlighted the importance of viewing corporations not just as structural entities, but as organic ones. He compared the board to the brain of the corporation, emphasizing the need for companies to develop their corporate personality and character. He concluded by stating that it is time for human society to learn the true 'art of giving'.

Dr. Atreya emphasized the importance for board members to enhance their skills in artificial intelligence (AI), cybersecurity, and environmental, social, and governance (ESG) practices. He highlighted that the Board for Financial Inclusion (BFI) also supports diversity across both fields. Key takeaways from his speech included the need for boards to be proactive, provide strategic oversight, and remain transparent and accountable. He stressed that boards must continuously adapt to a changing business environment, focusing on ESG diversity, stakeholder engagement, and innovation.

Additionally, he pointed out that educational backgrounds play a crucial role in providing training opportunities for senior executives.

CMA Joshi highlighted five key business challenges today: AI integration, globalization, climate change sustainability, changing workforce dynamics, and demographic shifts. He emphasized that independent and non-executive directors must be more vigilant in operations, focusing on the impact of strategic changes on costs and profitability, which are crucial for long-term business sustainability. He noted that customers are driving environmental demands, and boards must assess how to meet these needs while ensuring profitability. He also stressed that compliance should be tailored to the specific industry and business, not just from a consulting perspective. Finally, he urged boards to refocus on cost management, integrating it with sustainability frameworks.

This was followed by an interactive Q&A Session with the audience

PLENARY SESSION XII -
The Business Case for Good Corporate Governance

The Session Introduction was made by:

Dr. Keijo Varis Professor of Practice Turku University of Applied Sciences, Finland

Dr. Varis addressed the critical topic of effective strategy execution. He highlighted that, as early as 2008, a Harvard Business Review study identified key barriers to successful implementation, including poor information sharing, unclear decision-making rights, insufficient incentives, and ineffective organizational structures. Drawing on Hrebiniak's research, as presented in Making Strategy Work, Dr. Varis emphasized that the biggest obstacle remains a poor or unrealistic strategy-one that either cannot be implemented or, if executed, produces poor results.

Additionally, the absence of clear guidelines or execution models often hinders progress. Dr. Varis concluded by underscoring the importance of identifying and addressing barriers early, building organizational change capabilities, and maintaining a focused portfolio of strategic projects-while ensuring that ineffective initiatives are terminated in a timely manner.

The 'Keynote Speakers' of the session are:

1. Mr. Risto Siilasmaa
Founder and Chairman
WithSecure Corporations and Former Chairman & Chief Executive Officer, Nokia, Finland

2. Prof. Alex Edmans
Professor of Finance London Business School, UK

Mr. Siilasmaa spoke on the theme, 'NOKIA: The Power of Paranoid Optimism to Lead Through Colossal Change'
Drawing from his experience with Nokia's revival, he shared valuable insights for business leaders. He highlighted four critical issues: how to succeed as a global industry leader, the toxicity of success-where current achievements breed complacency, the disruptive nature of technology and the need to identify its impact early, and the kind of leadership required to turn around a declining company.

Reflecting on Nokia's journey, he discussed how the company overcame significant challenges to reclaim its market presence, offering key lessons on business transformation and resilience.

Prof. Edmans spoke on the theme, 'The Power of Purposeful Business'. He discussed corporate purpose with a twist, exploring what it truly means for a company to be purposeful. He cited the example of Vodafone and M-Pesa's financial inclusivity initiative in Kenya, which not only benefited society but also turned into a profitable venture. He also emphasized that purpose in business goes beyond simply avoiding harm-such as ‘not’ polluting the environment or ‘not’ mistreating employees. True purpose is about creating value for society, which ultimately benefits the business through long-term profits. He noted that innovation arises not solely from a company's purpose but also from market opportunities, such as the production of electric vehicles driven by profit motives. He concluded by recommending his book 'Grow the Pie' for further reading on the topic.

PLENARY SESSION XIII -
The Business Case for Good Corporate Governance

Case study on 'Corporate Governance'

The Session was Chaired by:

Dr. Keijo Varis
Professor of Practice
Turku University of Applied Sciences, Finland

Dr. Varis discussed key barriers to effective strategy execution, citing a 2008 Harvard Business Review study that identified issues like poor information sharing, unclear decision-making, insufficient incentives, and ineffective structures. He emphasized that the biggest challenge is having a poor or unrealistic strategy. Drawing from Hrebiniak's Making Strategy Work, Dr. Varis stressed the importance of identifying barriers early, building change capabilities, and maintaining a focused strategic portfolio, while discontinuing ineffective initiatives.

This was followed by presentation of Case Studies in the category 'Corporate Governance' by the below-mentioned companies:

  1. Dubai Electricity & Water Authority PJSC, UAE
  2. GAIL (India) Limited
  3. Sify Technologies Limited
  4. Trent Limited

This was followed by the Signing of Memorandum of Understanding (MoU) between The UK Asian Business Council (UKABC) and the Institute of Directors (IOD) India.

PLENARY SESSION XIV -
Strategizing Sustainability: Lessons learned & the Way Forward

Case Studies on 'Sustainability' & 'ESG’
The Session was Chaired by:

Mr. Sailesh, IAS (Retd.)
Senior Strategic Advisor, Institute of Directors (IOD), India
Former Secretary, Ministry of Heavy Industries & Public Enterprises, Govt. of India

Mr. Sailesh spoke about the critical importance of sustainability in India, highlighting the significant progress made in recent years. He discussed the country's ambitious goals, including the expectation that 50% of energy will come from clean sources by 2030. He also emphasized the focus on green technologies, especially in the petroleum sector, and stressed the need for improvements in areas like water, air pollution, and solid waste management.

According to him, significant investments are needed, with approximately $170 billion USD required annually to finance climate transitions and achieve environmental goals. On the technology front, India is making rapid advancements, driving innovation in sustainable practices. He concluded by inviting corporate case presenters to share their progress and insights on these critical issues.

The Instituite of Directors, India
signs MoU with
The UK-ASEAN Business Council (UKABC)

The Institute of Directors (IOD) India, has entered into a strategic partnership with the UK-ASEAN Business Council (UKABC) by signing a Memorandum of Understanding (MoU). The agreement was formalized by Mr. Taha Coburn-Kutay, Chairman of UKABC, and Mr. Manoj K. Raut, CEO & Secretary General of IOD India, highlighting a shared commitment to advancing governance, professional development, and leadership training.

UKABC is an independent entity that serves as a crucial link between the UK private sector, the UK government, and the ASEAN public and private sectors. The Council plays a vital role in facilitating dialogue on policy matters and addressing shared global challenges, with a focus on growing two-way trade and investment between the UK and ASEAN nations.

This collaboration aims to strengthen business networks not only between the UK and India but also across other international markets such as the EU, Africa, and the CIS. The partnership seeks to address the challenges of cross-border trade and investment, enabling both parties to explore new growth avenues.

The MoU lays the groundwork for several areas of cooperation, including jointly organizing events, conferences, and webinars to promote knowledge sharing and networking across regions, developing and delivering leadership training programs for business leaders in the UK, Africa, Asia, and India, and strengthening international business cooperation through capacity-building initiatives. This collaboration is a significant milestone in reinforcing international business ties and paving the way for enhanced growth opportunities between the UK, India, and other key global markets. The MoU signals a promising future for advancing governance and professional development on an international scale.

This was followed by the 'Keynote Address' delivered by:

Mr. Jon Stanton
Chief Executive The Weir Group, UK

Mr. Stanton spoke about Weir Group's commitment to sustainability, emphasizing how it is at the heart of the company's strategy, integrating both commercial and ESG goals for long-term success. He highlighted mining's critical role in the transition to renewable energy and the need for more sustainable practices. Weir's technology, which reduces energy use, CO2 emissions, and water consumption, is driving both business growth and environmental impact. He also shared the company's approach to fostering employee engagement and aligning goals with ESG targets. Mr. Stanton further highlighted India's potential to adopt sustainable mining practices, positioning Weir's technologies to support the country's decarbonization and industrial growth, thereby contributing to the global shift towards a net- zero future.

This was followed by presentation of individual case studies in the category 'Sustainability' by the below- mentioned companies:

1. Fujairah Natural Resources Corporation, UAE
2. ChampionX Corporation, USA
3. Petrobras, Brazil
4. JSW Infrastructure Limited

This was followed by a 'Special Address' delivered by:

Prof. Colin Coulson-Thomas
Director-General UK and Europe Operations Institute of Directors, India

Prof. Colin highlighted that with emerging challenges come significant opportunities to "reinvent, renew, and relocate." He noted that directors today face difficult decisions and trade-offs, with their actions shaping ambitious outcomes and building-or eroding-trust among ESG investors. The key question, he posed, is whether leaders aim to do the minimum or collaborate to address global risks. Introducing the Golden Peacock Awards, he emphasized that these Awards recognize entities that excel and stand apart at both national and international levels. He concluded by turning the audience's attention to the outstanding achievements of the Award winners.

This was followed by presentation of individual case studies in the category 'ESG' by the below-mentioned companies:
1. PTT Exploration and Production Public Company Ltd., Thailand
2. Applied Materials, Inc., USA
3. Brookfield India Real Estate Trust

 

Each presentation was followed by an interactive Q&A Session with the audience.

The Global Business Meet was held at the House of Lords, Parliament, UK. The event commenced with a heartfelt 'Welcome Address' delivered by The Baroness Verma, Global Chair of the Advisory Council, Institute of Directors (IOD), India. A distinguished Member of the House of Lords and former Minister for International Development and Energy & Climate Change, Government of the UK, The Baroness set the tone for the gathering with her inspiring words. Following this, Dr. Graham Wilson, from the Department of Psychology and Counselling at the University of Oxford, UK, shared his valuable insights and introductions.

The 'Opening Remarks' were delivered by Mr. Ashok Kapur, IAS (Retd.), Director General of the Institute of Directors, India, who highlighted the event's significance and outlined its objectives. The 'Special Remarks' were presented by Dr. Tayeb Kamali, UAE Chairman of the Institute of Directors, India, and Chairman of the Board of Trustees, Abu Dhabi School of Management, UAE, enriching the audience with his global perspective.

The 'Keynote Address' was delivered by
Mr. Pankaj M. Munjal, Chairman & MD of Hero Motors Company, who captivated the audience with his visionary insights and leadership lessons. The 'Guest of Honour Address' was delivered by Mr. M. Nagaraju, IAS, Secretary, Department of Financial Services, Ministry of Finance, Govt. of India, who emphasized the critical role of governance and Financial stewardship in national development.

The event also included a momentous Felicitation Ceremony of Mr. Mohit Burman, Chairman of Dabur India Ltd., who was honored with the prestigious IOD Distinguished Fellowship – 2024, recognizing his exceptional contributions in the Field of corporate governance.

Additionally, Mr. Ramesh Arora, Founder & CEO of Signature Hospitality Group, London, UK, was felicitated with the IDEAL 2024 award for his outstanding achievements.

The Business Meet featured insightful talks from a lineup of distinguished speakers, who shared their expertise and perspectives on various industry and leadership topics. The esteemed speakers included:

1. Dr. Padmanabhan Raja Jaishankar Managing Director India Infrastructure Finance Company Limited
2. Mr. Viral Gathani Senior Managing Director - Essar Energy Transition Essar Group, UK
3. Mr. Alok S. Kirloskar Managing Director, SPP Pumps Ltd., & MD, Kirloskar Brothers International B.V., UK
4. Mr. Manish Tiwari, FRSA Managing Director Here and Now 365 Ltd., UK
5. Mr. Nasser Munjee Chairman of the Board of Directors Tata Motors Finance, India
6. Mr. Mohit Ralhan Global CEO & Managing Partner TIW Capital Group, Dubai
7. Mr. B. V. R. Mohan Reddy Founder Chairman & Board Member Cyient Limited, India
8. Mr. Angelo George Chief Executive Officer Bisleri International Pvt. Ltd., India
9. Mr. Sadaf Sayeed Chief Executive Officer Muthoot Microfin Limited, India
10. Mr. Ajay Poddar Founder & Managing Director Syenergy Environics Ltd., India
11. Mr. Paritosh Mathur Head – Wholesale Banking IDFC FIRST Bank, India
12. Mr. Sooraj Rao Chief Executive Officer Mountbet, India

The event also included a segment titled Words of Wisdom (WoW), featuring motivational and management insights. This inspiring session was concluded by Mr. Paresh Rughani, an International Motivational Speaker based in the UK, who left the audience with motivational mantras and management nuggets to refiect upon.


RATAN TATA:
A Beacon of Humanity & Ethical Leadership

A tribute by Mr. Nasser Munjee

Mr. Ratan Naval Tata, the revered Indian industrialist and philanthropist recently passed away at 86, leaving an indelible mark not only on the Tata Group but the entire nation.

Ascending to the helm of the Tata conglomerate in 1991, he steered the Group into a global power house with a total revenue of $165 billion for 2023-24.

He was renowned not only for his business insight but a deep commitment to social responsibility.

This was at a time when nobody in the corporate world had heard of CSR. His visionary approach was not limited to mere corporate profitability but he was a champion of philanthropy and inspiring leadership.

Shri Tata was conferred perhaps the most honours amongst business & industry leaders in India - Knight Commander of the Order of the British Empire (KBE), the Knight Grand Cross of the Order of the British Empire (GBE). The honorary GBE, one of the highest civilian honours conferred by the UK, was in recognition of Shri Ratan Tata's services to UK/India relations. He was honoured by the Indian State: first with Padma Bhushan & then with Padma Vibhushan.

Shri Tata passionately believed in collective leadership of business & industry, and espoused his Family Motto to the full: “If you want to fiy fast, you fiy solo. But if you want to fiy far, fiy with the group”.
Shri Tata was not merely an industry captain in the position of employer & his employees and subordinates. He believed that the workers & the staff of the Tata Group were not a Trade Union but partners in the growth of your business & trade. He led not by precept but by personal example: “We serve those who serve us”.

The fourth day of the event was hosted at the Institute for Healthy Urban Living, University of Westminster, UK, on the theme "Board's Strategy on Sustainable Practices for Healthy Living and Inclusive Growth".

The day commenced with 'Welcome Remarks' by Prof. Brendon Noble, Director of the Institute for Healthy Urban Living, University of Westminster, UK, and Mr. Desh Deepak Verma, IAS (Retd.), Principal Advisor, Institute of Directors (IOD), India, and Former Secretary General, Rajya Sabha, Parliament of India.
The event featured special video presentations showcasing the work of the Institute of Directors, India, and the University of Westminster, UK, setting the stage for an engaging and informative day.

This was followed by a Special Address by Ms. Sonal Goel, IAS, Secretary to the Government of Tripura, India, TEDx Speaker, Health Enthusiast, and Author, on the theme "Empowering Youth and Promoting Healthy Living & Inclusive Growth". She emphasized the importance of youth involvement in fostering sustainable development and well-being.

This was followed by a panel discussion on the theme "Board's Strategy on Sustainable Practices for Healthy Living and Inclusive Growth". The session was chaired by Mr. Sailesh, IAS (Retd.), Senior Strategic Advisor, Institute of Directors (IOD), India, and Former Secretary, Ministry of Heavy Industries & Public Enterprises, Government of India. The esteemed panellists included, Prof. Ann Thapar, Principal Lecturer in FinTech & Course Leader for MSc Fintech with Business Analytics, University of Westminster, UK, Prof. Mike Saks, Emeritus Professor, University of Suffolk, UK, Mr. Abdullah AlFarha, Senior Legal & Corporate Governance Advisor, Saudi Telecom Company, Saudi Arabia, Prof. (Dr.) V. Aravind, Founder & Executive Chairman, Aravind Group of Companies, India, Ms. Sonal Goel, IAS, Secretary to the Government of Tripura, India, TEDx Speaker, Health Enthusiast, and Author. The panellists engaged in insightful discussions on aligning board strategies with sustainable and inclusive growth practices.

The 'Closing Remarks' & 'Summary of Recommendations' were delivered by Prof. Colin Coulson-Thomas, Director-General of UK and Europe Operations, Institute of Directors, India, who highlighted actionable takeaways and future priorities outlined by the distinguished speakers.

The event concluded on a high note with a heartfelt 'Vote of Thanks' proposed by Mr. Manoj K. Raut, CEO & Secretary-General of the Institute of Directors (IOD), India. Mr. Raut expressed his deep gratitude to all participants, distinguished speakers, and esteemed guests who played an integral role in making the four- day London Global Convention and Business Meet a resounding success. He extended his best wishes to all participants for their future endeavours and thanked them for their unwavering support in IOD's mission of promoting excellence in leadership and governance.

IOD is especially grateful to its Event Partners:

IOD's Presenting Partner: Tristar Group
IOD's Platinum Partner: IDFC FIRST Bank

IOD's Gold Partners:
1. Bisleri International Pvt. Ltd.
2. Granules India Limited

IOD's Silver Partners:
1. AFCONS Infrastructure Ltd.
2. TIW Capital Group
3. ICICI Bank UK PLC
4. Essar Energy Transition
5. Muthoot Microfinance Ltd.
6. Apeejay Stya & Svran Group

IOD's University Partner: University of Westminster
IOD's Strategic Partner: ACCA (the Association of Chartered Certified Accountants)
IOD's Media Partner: Republic TV

IOD's Bronze Partners:
1. Tamil Nadu Newsprint and Papers Limited
2. Syenergy Environics Limited
3. New India Assurance Company Limited
4. Here and Now 365 Ltd.
5. Bank of Baroda
6. Venkata Narayana Active Ingredients Pvt. Ltd.
7. World Gold Council
8. North Eastern Development Finance Corporation Limited
9. SBI UK
10. EIILM-Kolkata

IOD's Associate Partner:
1. IIFCL
2. Benchmark Gensuite

IOD's Associate Supporting Partners:
1. The Institute of Company Secretaries of India
2. The Institute of Cost Accountants of India (ICMAI)
3. The Sri Lanka Institute of Directors
4. Banking, Finance and Insurance Institute of Nepal
5. Dubai Quality Group
6. Maldives Capacity Development and Governance Institute

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Institute of Directors India

Institute of Directors India

Bringing a Silent Revolution through the Boardroom

Institute of Directors (IOD) is an apex national association of Corporate Directors under the India's 'Societies Registration Act XXI of 1860'​. Currently it is associated with over 30,000 senior executives from Govt, PSU and Private organizations of India and abroad.

Owned by: Institute of Directors, India

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    Institute of Directors India

    Bringing a Silent Revolution through the Boardroom

    Institute of Directors (IOD) is an apex national association of Corporate Directors under the India's 'Societies Registration Act XXI of 1860'​. Currently it is associated with over 30,000 senior executives from Govt, PSU and Private organizations of India and abroad.

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