exploring opportunities
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![Page 1: Exploring opportunities](https://reader033.vdocuments.us/reader033/viewer/2022052522/54b9ad194a795979478b456e/html5/thumbnails/1.jpg)
By: Pavan Kumar Vijay
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COMPANY SECRETARY COMPANY SECRETARY ??
A Company Law Expert?A Company Law Expert?
A Generalist - “Jack of All Trade”?A Generalist - “Jack of All Trade”?
A Mere Secretarial Officer?A Mere Secretarial Officer?
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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
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Every Company Needs a Person to
Coordinate 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
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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
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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.
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Company Secretary in Employment
CompanyPolicies
ManagementFunctions
Regulatory Compliances
Ethics andMutual Trust
SUSTAINABLE G
ROWTH
COMPANY SECRETARYnavigates the
CORPORATE GROWTHwith
GOOD GOVERNANCE
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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.
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Company Secretary is a Special Kind of Generalist
who contributes significantly in all departments of the Company
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Knowledge of both Management and Law becomes his USP and Core Competence
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Specialisation of Company Secretaries vary from Segment to Segment
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DUE DILIGENCE DOCUMENTATION COMPLIANCES
REPRESENTATION
CORPORATEGOVERNANCE
AUDIT ADVISORY
Different Services
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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
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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
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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
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SMALLSCALE
MEDIUM
SCALE
LARGE
SCALE
Different Scales of
Operations
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Global Operations
Indian Operations
Different Geographies
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Time Has Come to Go Global
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Globalization of trade in goods and services will increase demand in foreign countries
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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
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Corporate Governance is Big Opportunity
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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”
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Being a Principal Officer, the Company Secretary plays a vital role in
Corporate Governance
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The IT Revolution
How IT can change the Professionals Life
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The IT Revolution
A thought few years back….which has become a reality now!!!
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The IT Revolution
PEN PC
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The IT Revolution
PEN PC
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The IT Revolution
PEN PC
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The IT Revolution
Virtual Keyboard
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The IT Revolution
Virtual Keyboard
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The IT Revolution
Virtual Keyboard
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Challenges for Company Secretaries
An Ordinary Company Secretary
80%
20%
Notices
Agenda
Minutes
Registers
Returns
Checklists
Strategy
Research
Representation
Problem Solving
Management
Coordination
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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
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IT is a Powerful Tool for Company Secretaries
IT Enabled CS Does A Lot andKeeps 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
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In the new MCA21 MCA21 Era a Company Secretary cannot imagine of working without IT
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Teams win Matches
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Be it Sports or Practising Firms
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Global Success Call for Synergy of
BrandKnowledge
InfrastructureCapital
Let Collaboration be Buzz Word for Us
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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
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Advantages of Mega Firms
Risk 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
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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.
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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.
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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.
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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.
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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.
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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.
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This time, the rabbit went all out and ran without stopping from start to finish. He won by several miles.
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The moral of the story ? Fast and consistent will always
beat the slow and steady.
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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.
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He thought for a while, and then challenged the rabbit to another race, but on a slightly different route.
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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.
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The finishing line was a couple of kilometers on the other side of the river.
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The hare 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.
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The moral of the story? First identify your core
competency and then change the playing field to suit your core
competency.
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The story still hasn't ended.
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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.
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So they decided to do the last race again, but to run as a team this time.
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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.
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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.
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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.
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Teamwork is mainly about situational leadership, letting the person with the relevant core competency for a situation take leadership.
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There are more lessons to be learnt from this story.
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Note that neither the rabbit nor the tortoise gave up after failures. The hare decided to work harder and put in more effort after his failure.
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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.
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Sometimes it is appropriate to change strategy and try something different. And sometimes it is appropriate to do both.
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The hare 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.
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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.
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His executives were Pepsi-focused
and intent on increasing market share 0.1 per cent
a time.
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Goizueta decided to stop competing
against Pepsi and instead compete
against the situation of 0.1 per cent
growth.
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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.
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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.
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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.
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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.
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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…
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The story about the tiny frogs....
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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.
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A big crowd had gathered around the tower to see
the race and cheer on the contestants...
The race began...
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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!"
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The tiny frogs began collapsing. One by one...
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... Except for those who in a fresh tempo were climbing higher and higher...
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The crowd continued to yell "It is too difficult!!! No one will make it!"
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More tiny frogs got tired and gave up... ...But ONE continued higher and higher and higher...
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This one wouldn't give up!
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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?
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contestant asked the tiny frog how the one who succeeded had found thestrength to reach the goal?
It turned out...
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That the winner was DEAF!!!!
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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!
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Always think of the power words have.
Because everything you hear and readwill affect your actions!
Therefore: ALWAYS be...
POSITIVE!
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And above all:
Be DEAF when people tell YOU that
YOU can not fulfil YOUR dreams!
Always think:
I CAN DO THIS!
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Opportunities are Unlimited
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Incompetents wait for Opportunities and they keep on waiting…
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Leaders Create Opportunities and keep growing higher and higher…
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Its just a matter of
CreativityCreativity, ConfidenceConfidence and CommunicationCommunication
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…and also PerceptionPerception and Positive Positive ThinkingThinking
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…and above all “THE ATITUDE”“THE ATITUDE”
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Finally Profession is like a
Car Race
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ICSI helps you
Design the Car
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ICSI guides you
The Road Ahead
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ICSI teaches you
How to Drive the Car
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ICSI makes rules for
Safe Driving
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ICSI gives you
License to Drive
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who have to actually drive the car safely
and win the race
Its YOU
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