exploring opportunities

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By: Pavan Kumar Vijay

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The presentations explains the role of company secretaries in implementing compliance management system in an organisation and the opportunities available to them like corporate governance, collaborative commerce and increasing role of information technology.

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Page 1: Exploring Opportunities

By: Pavan Kumar Vijay

Page 2: Exploring Opportunities
Page 3: Exploring Opportunities

Who is Company Secretary

Page 4: Exploring Opportunities

COMPANY POLICIES

OPERATIONAL PLANNING AND EXECUTION

DIR A DIR B DIR C DIR D DIR EBOARD OF DIRECTORS

CORPORATEPLANNING

LEGALFINANCE AND

ACCOUNTSHUMAN

RESOURCESCORPORATE

COMMUNICATIONPRODUCTION

AND OPERATIONSMARKETING

INFORMATION TECHNOLOGY

DEPARTMENTS IN A COMPANY

EXTERNAL STAKEHOLDERS

INVESTORSINVESTORS

GOVERNMENT AND REGULATORS

GOVERNMENT AND REGULATORS

SOCIETYSOCIETY

SUPPLIERSSUPPLIERS

CUSTOMERSCUSTOMERS

LENDERSLENDERS

Page 5: Exploring Opportunities

Every Company Needs a Person toCoordinate between various departments and all stakeholders,

Ensure compliance of all applicable laws and

Develop mutual trust between various stakeholders

The person must have adequate knowledge of management and law

Page 6: Exploring Opportunities

COMPANY POLICIES

OPERATIONAL PLANNING AND EXECUTION

DIR A DIR B DIR C DIR D DIR EBOARD OF DIRECTORS

CORPORATEPLANNING

LEGALFINANCE AND

ACCOUNTSHUMAN

RESOURCESCORPORATE

COMMUNICATIONPRODUCTION

AND OPERATIONSMARKETING

INFORMATION TECHNOLOGY

DEPARTMENTS IN A COMPANY

EXTERNAL STAKEHOLDERSCOMPANY

SECRETARY

INVESTORSINVESTORS

GOVERNMENT AND REGULATORS

GOVERNMENT AND REGULATORS

SOCIETYSOCIETY

SUPPLIERSSUPPLIERS

CUSTOMERSCUSTOMERS

LENDERSLENDERS

CS is the Principal Officer of the Company

Page 7: Exploring Opportunities

Company Secretary in Employment

The Company Secretary, a professional

bound by the Code of Conduct, aligns various

management functions with company

policies, ensures compliance of all applicable

laws and endeavours to develop mutual trust

between various stakeholders leading to

good corporate governance and sustainable

growth of the company.

Page 8: Exploring Opportunities

Company Secretary in Employment

CompanyPolicies

ManagementFunctions

Regulatory Compliances

Ethics andMutual Trust

SUSTAINABLE G

ROWTH

COMPANY SECRETARYnavigates the

CORPORATE GROWTHwith

GOOD GOVERNANCE

Page 9: Exploring Opportunities

Company Secretary in Practice

The Company Secretary in Practice is an

independent professional, bound by the Code

of Conduct, rendering audit, advisory and

representation services in relation to

management, law and corporate governance

processes and practices.

Page 10: Exploring Opportunities

Company Secretary is a

Special Kind of Generalist

who contributes significantly in all departments of the

Company

Page 11: Exploring Opportunities

Knowledge of both Management and Law becomes his USP and Core Competence

Page 12: Exploring Opportunities

Whether Degree of Company Secretary alone is Sufficient?

Page 13: Exploring Opportunities
Page 14: Exploring Opportunities

Corporate Governance

is Big Opportunity

Page 15: Exploring Opportunities

Corporate Governance

-The Institute of Company Secretaries of India

”Corporate Governance is the

application of bestmanagement

practices,compliance of law in letterand spirit and adherence to ethical standards

for effective management and distribution of wealth

and discharge of social responsibilityfor sustainable

development of all stakeholders”

Page 16: Exploring Opportunities

Being a Principal Officer, the Company Secretary plays a vital role in

Corporate Governance

Page 17: Exploring Opportunities

Specialisation of Company Secretaries vary from Segment to Segment

Page 18: Exploring Opportunities

DUE DILIGENCE DOCUMENTATION COMPLIANCES

REPRESENTATION

CORPORATEGOVERNANCE

AUDIT ADVISORY

Different Services

Page 19: Exploring Opportunities

Different Knowledge Areas

IPR & GENERAL BUSINESS LAWS

STRATEGIC MANAGEMENT

CORPORATE AND SECURITIES LAWS

FINANCE, ACCOUNTs AND TAXATION

IT AND CYBER LAWS

HRD AND INDUSTRIAL LAWS

ENVIRONMENTLAWS

INTERNATIONAL TRADE LAW

Page 20: Exploring Opportunities

Public SectorUndertakings

Private LimitedCompanies

Trusts And NGOs

Coop Societies And Producer Companies

Municipal Boards

Semi-governmentOrganisation

Unlisted PublicCompanies

Listed PublicCompanies

Different Corporate Structures

Unexplored Organisations

Page 21: Exploring Opportunities

Media And Entertainment

Infrastructure, Power And Telecom

IT Solutions

IT Enabled Services And BPO

Textiles

Tourism And Hotel Capital Market And Its Intermediaries

Engineering and Construction FMCG

Agriculture AndFood Processing

Capital Goods

Drugs, Pharma And Healthcare

Banking And NBFC

Financial Services

Different Industries

Page 22: Exploring Opportunities

SMALLSCALE

MEDIUM

SCALE

LARGE

SCALE

Different Scales of Operations

Page 23: Exploring Opportunities

Global Operations

Indian Operations

Different Geographies

Page 24: Exploring Opportunities

Time Has Come to Go Global

Page 25: Exploring Opportunities

Globalization of trade in goods and services will increase demand in foreign countries

Page 26: Exploring Opportunities

International OpportunitiesCorporate Governance

Advisory and Compliances in Multinational Regulatory Environment

Investment Advisory

Intellectual Property Rights

Commercial Arbitration and ADR

Management Consultancy Services

BPO and Related Services

International Taxation

Transfer Pricing

Page 27: Exploring Opportunities

The IT Revolution

How IT can change the Professionals Life

Page 28: Exploring Opportunities

The IT Revolution

A thought few years back….which has become a reality now!!!

Page 29: Exploring Opportunities

The IT Revolution

PEN PC

Page 30: Exploring Opportunities

The IT RevolutionPEN PC

Page 31: Exploring Opportunities

The IT RevolutionPEN PC

Page 32: Exploring Opportunities

The IT Revolution

Virtual Keyboard

Page 33: Exploring Opportunities

The IT RevolutionVirtual Keyboard

Page 34: Exploring Opportunities

The IT Revolution

Virtual Keyboard

Page 35: Exploring Opportunities

Challenges for Company SecretariesAn Ordinary Company Secretary

80%

20%

Notices

Agenda

Minutes

Registers

Returns

Checklists

Strategy

Research

Representation

Problem Solving

Management

Coordination

Page 36: Exploring Opportunities

IT Enabled Company Secretary

20%

80%

Notices

Agenda

Minutes

Registers

Returns

Checklists

Strategy

Research

Representation

Problem Solving

Management

MIS

IT is a Powerful Tool for Company Secretaries

Page 37: Exploring Opportunities

IT is a Powerful Tool for Company SecretariesIT Enabled CS Does A Lot and

Keeps Everyone Happy

INVESTORSINVESTORS

GOVERNMENTGOVERNMENT SOCIETYSOCIETY

SUPPLIERSSUPPLIERS

CUSTOMERSCUSTOMERS

LENDERSLENDERS

CORPORATEPLANNING

CORPORATEPLANNING LEGALLEGAL FINANCE &

ACCOUNTS

FINANCE &ACCOUNTS

HUMAN RESOURCES

HUMAN RESOURCES

PRODUCTION& OPERATIONS

PRODUCTION& OPERATIONS

MARKETINGMARKETING

INFORMATION TECHNOLOGY

INFORMATION TECHNOLOGY

EMPLOYEESEMPLOYEES

Page 38: Exploring Opportunities

Teams win Matches

Page 39: Exploring Opportunities

Be it Sports or Practising Firms

Page 40: Exploring Opportunities

Global Success Call for Synergy of

BrandKnowledge

InfrastructureCapital

Let Collaboration be Buzz Word for Us

Page 41: Exploring Opportunities

Quality of

Service

CorporateLaws

EconomicLaws

TaxationLaws

WTO & IPR

InternationalTrade Law

IT & BPOManagementConsulting

Finance and Accounting

Commerce

BrandSynergy

InfrastructureSynergy

CapitalSynergy

Collaborative Commerce

SingleWindowInterface

KnowledgeSynergy

GlobalPresence

Growing Revenues

Growing Customers

Growing Nations

CS + CA + CWA + MBA

+ LLB

Page 42: Exploring Opportunities

Advantages of Mega FirmsRisk Minimisation

Wider Area of Expertise

Wider Geographic Reach

Firm’s Strength – Enhancing Brand Equity

Active Networking and Public Relations

Infrastructure Sharing

Overhead Sharing

Close Self Help Group

Best Practices/ Expertise in Firm Management

Page 43: Exploring Opportunities
Page 44: Exploring Opportunities

Once upon a time a tortoise and a rabbit had an argument about who was faster. They decided to settle the argument with a race. They agreed on a route and started off the race.

Page 45: Exploring Opportunities

The Rabbit shot ahead and ran briskly for some time. Then seeing that he was far ahead of the tortoise, he thought he'd sit under a tree for some time and relax before continuing the race. He sat under the tree and soon fell asleep.

Page 46: Exploring Opportunities

The tortoise plodding on overtook him and soon finished the race, emerging as the undisputed champ.

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The Rabbit woke up and realized that he'd lost the race. The moral of the story is that

slow and steady wins the race.

Page 48: Exploring Opportunities

This is the version of the story that we've all grown up with.

But then recently, someone told me a more interesting version of this story. It continues.

Page 49: Exploring Opportunities

The Rabbit was disappointed at losing the race and he did some Defect Prevention (Root Cause Analysis). He realized that he'd lost the race only because he had been overconfident, careless and lax.

Page 50: Exploring Opportunities

If he had not taken things for granted, there's no way the tortoise could have beaten him. So he challenged the tortoise to another race. The tortoise agreed.

Page 51: Exploring Opportunities

This time, the rabbit went all out and ran without stopping from start to finish. He won by several miles.

Page 52: Exploring Opportunities

The moral of the story ? Fast and consistent will always

beat the slow and steady.

Page 53: Exploring Opportunities

But the story doesn't end here. The tortoise did some thinking this time, and realised that there's no way he can beat the rabbit in a race the way it was currently formatted.

Page 54: Exploring Opportunities

He thought for a while, and then challenged the rabbit to another race, but on a slightly different route.

Page 55: Exploring Opportunities

The rabbit agreed. They started off. In keeping with his self-made commitment to be consistently fast, the rabbit took off and ran at top speed until he came to a broad river.

Page 56: Exploring Opportunities

The finishing line was a couple of kilometers on the other side of the river.

Page 57: Exploring Opportunities

The rabbit sat there wondering what to do. In the meantime the tortoise trundled along, got into the river, swam to the opposite bank, continued walking and finished the race.

Page 58: Exploring Opportunities

The moral of the story? First identify your core

competency and then change the playing field to suit your core

competency.

Page 59: Exploring Opportunities

The story still hasn't ended.

Page 60: Exploring Opportunities

The rabbit and the tortoise, by this time, had become pretty good friends and they did some thinking together. Both realised that the last race could have been run much better.

Page 61: Exploring Opportunities

So they decided to do the last race again, but to run as a team this time.

Page 62: Exploring Opportunities

They started off, and this time the rabbit carried the tortoise till the riverbank. There, the tortoise took over and swam across with the rabbit on his back.

Page 63: Exploring Opportunities

On the opposite bank, the rabbit again carried the tortoise and they reached the finishing line together. They both felt a greater sense of satisfaction than they'd felt earlier.

Page 64: Exploring Opportunities

The moral of the story? It's good to be individually brilliant and to have strong core competencies; but unless you're able to work in a team

and harness each other's core competencies, you'll always perform

below par because there will always be situations at which you'll do poorly and

someone else does well.

Page 65: Exploring Opportunities

Teamwork is mainly about situational leadership, letting the person with the relevant core competency for a situation take leadership.

Page 66: Exploring Opportunities

There are more lessons to be learnt from this story.

Page 67: Exploring Opportunities

Note that neither the rabbit nor the tortoise gave up after failures. The rabbit decided to work harder and put in more effort after his failure.

Page 68: Exploring Opportunities

The tortoise changed his strategy because he was already working as hard as he could. In life, when faced with failure, sometimes it is appropriate to work harder and put in more effort.

Page 69: Exploring Opportunities

Sometimes it is appropriate to change strategy and try something different. And sometimes it is appropriate to do both.

Page 70: Exploring Opportunities

The rabbit and the tortoise also learnt another vital lesson. When we stop competing against a rival and instead start competing against the situation, we perform far better.

Page 71: Exploring Opportunities

Situational Leadership

Page 72: Exploring Opportunities

When Roberto Goizueta took over

as CEO of Coca-Cola in the 1980s, he was faced with intense competition from

Pepsi that was eating into Coke's growth.

Page 73: Exploring Opportunities

His executives were Pepsi-focused

and intent on increasing market share 0.1 per cent

a time.

Page 74: Exploring Opportunities

Goizueta decided to stop competing

against Pepsi and instead compete

against the situation of 0.1 per cent

growth.

Page 75: Exploring Opportunities

He asked his executives what was the average fluid intake of an

American per day? The answer was 14 ounces. What was

Coke's share of that? Two ounces. Goizueta said Coke

needed a larger share of that

market.

Page 76: Exploring Opportunities

The competition wasn't Pepsi. It was

the water, tea, coffee, milk and fruit juices that went into the

remaining 12 ounces. The public should reach for a Coke

whenever they felt like drinking something.

Page 77: Exploring Opportunities

To this end, Coke put up vending

machines at every street corner. Sales

took a quantum jump and Pepsi has never quite caught

up since.

Page 78: Exploring Opportunities

To sum up, the story of the Rabbit and Tortoise teaches us many things. Important lessons are:That fast and consistent will always beat slow and steady; work to your competencies;

pooling resources and working as a team will always beat individual performers; never give up when faced with failure; and finally, compete against the situation. Not against a rival.

Page 79: Exploring Opportunities

Last but not the least,

To teach you the some of the lessons from the treasure called life

Let me share another story with you…

Page 80: Exploring Opportunities

The story about the tiny frogs....

        

Page 81: Exploring Opportunities

There once was a bunch of tiny frogs,...         

                         ... who arranged a running competition. The goal was to reach the top of a very

high tower.     

Page 82: Exploring Opportunities

A big crowd had gathered around the tower to see

the race and cheer on the contestants...                   

The race began...                                                  

Page 83: Exploring Opportunities

Honestly: No one in crowd really believed that the

tiny frogs would reach the top of the tower.

You heard statements such as: "Oh, WAY too difficult!!

They will NEVER make it to the top."

or: "Not a chance that they will succeed.

The tower is too high!"

Page 84: Exploring Opportunities

The tiny frogs began collapsing. One by one...

Page 85: Exploring Opportunities

... Except for those who in a fresh tempo were climbing higher and higher...

                        

Page 86: Exploring Opportunities

The crowd continued to yell "It is too difficult!!! No one will make it!"

Page 87: Exploring Opportunities

More tiny frogs got tired and gave up... ...But ONE continued higher and higher and higher...

Page 88: Exploring Opportunities

This one wouldn't give up!

Page 89: Exploring Opportunities

At the end everyone else had given up climbing the tower.

Except for the one tiny frog who after a big effort was the only one who reached the top!

THEN all of the other tiny frogs naturally wanted to know how this one frog managed to do it?

Page 90: Exploring Opportunities

contestant asked the tiny frog how the one who succeeded had found thestrength to reach the goal?

     It turned out...

Page 91: Exploring Opportunities

That the winner was DEAF!!!!

Page 92: Exploring Opportunities

It turned out... That the winner was DEAF!!!!

     The wisdom of this story is:

     Never listen to other people's tendencies to be

negative or pessimistic...

...cause they take your most wonderful dreams and wishes away from you....

The ones you have in your heart!

Page 93: Exploring Opportunities

Always think of the power words have.

Because everything you hear and readwill affect your actions!

Therefore: ALWAYS be...     

POSITIVE!

Page 94: Exploring Opportunities

And above all:

       Be DEAF when people tell YOU that

YOU can not fulfil YOUR dreams!

Always think:

I CAN DO THIS!

Page 95: Exploring Opportunities

Opportunities are Unlimited

Page 96: Exploring Opportunities

Incompetents wait for Opportunities and they keep on waiting…

Page 97: Exploring Opportunities

Leaders Create Opportunities and keep growing higher and higher…

Page 98: Exploring Opportunities

Its just a matter of Creativity, Confidence and Communication

Page 99: Exploring Opportunities

…and also Perception and Positive Thinking

Page 100: Exploring Opportunities

Finally Profession is like a

Car Race

Page 101: Exploring Opportunities

ICSI helps you

Design the Car

Page 102: Exploring Opportunities

ICSI guides you

The Road Ahead

Page 103: Exploring Opportunities

ICSI teaches you

How to Drive the Car

Page 104: Exploring Opportunities

ICSI makes rules for

Safe Driving

Page 105: Exploring Opportunities

ICSI gives you

License to Drive

Page 106: Exploring Opportunities

who have to actually drive the car safely

and win the race

Its YOU

Page 107: Exploring Opportunities