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A significant focus of discussion was on Corporate Social Responsibility (CSR) and the evolution of Environmental, Social, and Governance (ESG) practices today in the world economy.
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The Roman philosopher Lucretius coined the expression “Quod ali cibus est aliis fuat acre venenum” (what is food for one man may be bitter poison to others).
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The focus on 'effective governance' emphasizes transparency, accountability, and integrity in the organisation, urging entities to adopt emerging best practices to benchmark global standards.
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As the business landscape continues to evolve at an unprecedented pace, the dynamics within boardrooms are undergoing transformative changes.
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Boards need to anticipate and innovate, confront vulnerabilities and possibilities, and act to initiate, enable, and support the required transition and transformation journeys.
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ESG is by itself a very vast and complicated subject, but everyone can contribute to it, whether it's an individual or a corporation. I don't think there's any line of division.
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We have cascaded these down at Tata Communications, and we are going to contribute substantially to the achievement of the group's targets.
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In the world today, it's a fine balance, as one wrong push here and there leads to disaster. To make things a little bit lighter, I will narrate a short story.
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Embracing CSR, sustainable initiatives, and ESG principles is not just a choice but an essential pathway to enduring st success in the 21 century.
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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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