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By- Institute of Directors | Authored by- Gerry Brown | Dr. Randall S. Peterson
Sep 04, 2023
Why, when companies come crashing down, do we hear of boards who have failed in their fiduciary duties? Or that they have been ignorant, complacent, or downright complicit in these scandals and downfalls?
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We are doing a magical thing today. India is doing two things concurrently, which most countries have done at separate times. One, developing our physical infrastructure, and second, building our digital infrastructure
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How do we see business? Do we see business only in terms of driving revenue and profits, or do we see it as something more?
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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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The OECD Guidelines for Multinational Enterprises on Responsible Business Conduct recently announced a revision to its content. Not since 2011 had these iconic Guidelines been revised. The new version of the Guidelines features...
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The Convention was attended by more than 400 participants, comprising Industry and Business leaders, Board members, Directors, policy makers, educationists, and private as well as public sector institutions
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Background “A small business is an amazing way to serve and leave an impact on the world you live in” – Nicole Snow Small and Medium-sized Enterprises (SMEs) have emerged as a highly vibrant and dynamic sector of...
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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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