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Vietnam's corporate sector has reached an inflection point. A decade of institutional reform - a strengthened legal framework, a national Corporate Governance (CG) Code, and rising market awareness - has pushed environmental, social, and governance (ESG) practice forward.
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A key highlight of the Conference was the presentation of the Golden Peacock Awards 2026, recognising excellence in Occupational Health & Safety, Environment Management, Energy Efficiency, and Eco-Innovation. Brief profiles of the Award-winning organisations are featured in this issue on pages 87-109, celebrating exemplary leadership in advancing sustainable business practices and responsible corporate governance.
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In many ways, one could even say that compassion is the highest form of preparedness, because when we prepare, we prepare not only for ourselves but also for others who may be affected by unforeseen circumstances. Conversely, the absence of preparedness means that we continue to act without sufficient foresight for what the future may bring.
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A Parliamentary Standing Committee on Finance has recommended extending the mandatory cooling-off period for the SEBI Chairperson and Whole-time Members from one year to two years before they may accept employment with securities market intermediaries or other associated entities. The proposal is aimed at strengthening regulatory independence and mitigating potential conflicts of interest.
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I would like to begin by referring to some of the points raised by Dr. Ajay. He brought forward several important aspects, particularly regarding the role of carbon dioxide and fossil fuels, which deserve continued debate and discussion. It also reminds us how dynamic this field truly is. New discoveries continue to emerge, some anticipated and many completely unforeseen.
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We will have to pursue multiple pathways simultaneously. Anything that enables us to significantly reduce carbon emissions deserves serious consideration. That is precisely why GMDC is investing in underground coal gasification.
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For an economy of nearly 30 trillion dollars, it is essential that the energy powering our growth remains secure and, as far as possible, under our own control. India occupies a uniquely important position in the global climate landscape. On the one hand, our historical contribution to cumulative greenhouse gas emissions has been minimal, and even today we remain among the world's lowest per capita emitters.
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The role of the Board has therefore evolved far beyond governance and financial oversight. Today, Boards must provide strategic direction, allocate capital wisely, manage emerging risks, and foster innovation that creates long-term sustainable value. Ultimately, the clean energy transition will not be driven by technology alone.
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Vadodara is Gujarat's third-largest city, with a population of nearly 35 to 40 lakhs within the Urban Development Authority. The aspirations of our citizens are closely aligned with the vision of Viksit Bharat, Viksit Gujarat and Viksit Vadodara by 2047. At the same time, we remain committed to combating climate change and achieving our net-zero goals.
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Indians are resilient by nature. For over a millennium, we have confronted adversity with courage, determination and perseverance. Today, under the leadership of Prime Minister Shri Narendra Modi, India is moving ahead with renewed confidence and purpose.
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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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