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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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Across several plenary sessions, the deliberations moved fluently from capital markets and ESG to AI governance, gender diversity, and regulatory intensification punctuated by two MoU signings, A Handbook release, and a joint research report inauguration. The theme of the Conclave, 'Making Boards More Effective for Investor Confidence & Sustainable Value Creation' was discussed in details.
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A lotus shows us that greatness can emerge from any beginning. That single image and the anecdote used in the first chapter of the book could serve as a metaphor for the entire argument of 'The Inspired Leader'. The book does something quieter than barging; it asks you to stop climbing and look inwards.
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The appointment of the Council's members and the operationalisation of several provisions of the Mediation Act remain critical next steps. A Parliamentary Standing Committee has also called for faster operationalisation of the MCI, clear timelines for regulations and notification of the remaining provisions of the Act.
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On September 15th the Ministry of Finance announced that, “UPI continues to remain free for Peer-to-Peer Transactions and 96% of Merchant Transactions”. Payments to merchants up to Rs. 2,000, along with transactions covered under the zero-MDR framework for small merchants, will also remain free. Consequently, approximately 96% of all P2M transactions will remain unaffected.
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At its core, the MoU seeks to enhance the professional capabilities of both institutions by bringing together their distinct strengths and expertise. IOD, known for its work in strengthening boardroom practice and corporate governance, and NISM, a leading institution in securities market education and capacity building, will draw on their complementary mandates to create value for the boardroom community.
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The MoU formalises and builds on a partnership that has grown steadily over the past five years. During this period, IOD has conducted over 10 batches of its popular Masterclass for Directors programme, designed especially for women leaders and entrepreneurs associated with FICCI FLO
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Addressing the gathering, Hon'ble Prime Minister Narendra Modi spoke of the UPSC's enduring role in upholding merit, transparency and the values of public service. In a particularly warm acknowledgement, he referred to a photograph from the Commission's 75th anniversary celebrations, displayed at the venue, in which Lt. Gen. Surinder Nath was featured.
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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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