All organizations have their targets and goals, develop their structure and design, adapt feasible strategies to achieve them, create mechanism to deliver the products as well as services and effective reporting system for sustainable performance. The size and composition of their board play crucial role in enhancing their performance that varies from organization to organization. Here, comes the importance of the corporate governance to facilitate the process of achieving goals effectively in this competitive global market.

Evidences are that corporate governance has enabled the organizations to develop the framework of rules and practices by which a board of directors of any organization ensures accountability, fairness and transparency to enhance overall performance, wealth generating capacity and achieve agreed goals. Normally, good governance follows the principles of ethical approach, balanced objectives, equal concern for all stakeholders, accountability and transparency to all. Literature also directs to follow principles of good governance such as following clear ethical basis to the business, choosing goals that arrived after consulting all stakeholders, having an transparent communication system that leads to accountability, choosing an effective strategy process which incorporates stakeholder value, treating all stakeholders with equal concern and respect and giving opportunity to every stakeholder to express view/opinion.

It has been found that organizations having good management practices also have good corporate governance practices and this relationship is still a subject matter of academic discussion whether they have causal relationship or not. Shailesh J. Mehta, IIT Bombay has an observation of over 3 decades of some of the largest companies to the owner of small entrepreneurial businesses clearly shows that congruency between the expectations of all stakeholders and achievement of goals by the company is very significant in sustainable performance and the best corporate governance practices play important role in this process.

To address the issues related to various aspects of Corporate Governance, CDSL in association with Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay organised a seminar to focus on different dimensions of effective corporate governance, which in turn, leads to have a sustainable Corporate Governance.

• Seminar Schedule

• Seminar Program Photographs

• Seminar Presentations

In order to promote effective Corporate Governance in the light of recent changes, including the enactment of the Companies Act, 2013 and recent revision from SEBI to clause 49, Department of Management studies, IIT Madras organised seminar on "Piloting Corporate Governance" in association with CDSL and IDBI on Monday, 21st April 2014. Shri. S.Raman, Whole Time Member, SEBI, Shri. S.B.Mathur, Chairman, NSE, Shri.N. Rangachary, Chairman, CDSL shared the dais with dignitaries from Corporates, Banks and Insurance Companies. Shri. S.Raman, Whole Time Member, SEBI and Shri. S.B.Mathur, Chairman, NSE enlightened on the recent amendments to Companies Act and recent SEBI note on revisions to clause 49. Shri. N Rangachary explained that regulation alone does not ensure good governance, it is positive attitude and behaviour of Corporate Houses that helps to build well governed companies. The event was attended by senior officials from the industry, senior bankers and faculty members, scholars and students.

• Seminar Program Photographs