leveraging new age economy
TRANSCRIPT
Leveraging New Age Economy Opportunities for Company Secretaries
Pavan Kumar Vijay, Managing Director
Recalling my last visit…
I came Calcutta to discuss
Segment wise role of a Company Secretary
But
In this
New Age Economy
Is it all about???
“In this fast changing world…
opportunities are unlimited …,
and future belongs to those …
who grasp these opportunities before they become a
necessity.”
New Age
Economy
New Age Economy
Simplified Lawe- Governance
Globalization
Single window
Interface
Common Law
Globalization
What is Globalization
IntegrationInteraction
LawsCompaniesBusinessPeople
Thus, it is a process driven by international trade and investment
and aided by information technology
Impact of Globalization
In WTO regime, Globalization will lead to
Commonality of Law
And
Common Law will lead to
Global Competition
Globalized Scenario
Corporate Governance
Common Regulatory Framework
Global Outsourcing of services
Global work culture
Quality of Competition
Globalization Challenges
Quality of Service
Time Commitment
International Operational Infrastructure
High degree of competition among professionals
Adherence to International standards
e- Governance
What is e-governance?
For increasing
Efficiency
For Simplification
of Laws
Use of Information Technology
Service DeliveryUniformity &
Transparency
Impact of e- Governance
Simplified Laws IT Driven Services
Simplified Laws
IT Driven Services
Shift of Focus
Procedural Compliances
Strategical Planning
e-governance & IT Scenario
Seamless Integration of International Markets and all Market
Participant enabling trading
From anywhere – Small village to big cities
At anytime – Early morning to midnight.
In any manner – Internet, Mobile, PDA, etc
24 X 7 Online Services
Real-time Due Diligence, Rating and Compliances
Global Data Banks
IT Driven regulatory procedures
Minimization of procedural steps
IT Driven compliance services
Global services
Minimization of Non-compliances
Strategic Role of all professionals
Impact of e-governance
Single –window Interface
Single window interface
implies
All services under one
umbrella
Single Window interface call for Synergy of
Brand
Knowledge
Capital
Infrastructure
Collaboration is the buzz word …
Quality
of
Service
Corporate
LawsEconomic
LawsTaxation
Laws
WTO & IPR
International
Trade Law
IT & BPO
Management
Consulting
Finance and
Accounting
Commerce
Brand
Synergy
Infrastructure
Synergy
Capital
Synergy
Collaborative Commerce
Single
Window
Interface
Knowledge
Synergy
Global
Presence
Growing
Revenues
Growing
Customers
Growing
Nations
CS + CA +
CWA + MBA
+ LLB
“Problems becomes opportunities,
when right people come together …”
Enhanced Capability to compete with Global giants
Global Reach
Brand leverage
Wider Area of Expertise
Risk Minimization
Active Networking and Public Relations
Attraction of best talent
Advantages Collaborative Commerce
In the emerging scenario of ..
Globalization,
Common Law,
e-governance,
Simplification of Laws &
Single Window interface …
“Opportunities are unlimited …”
“And
Success will come only when
preparation meets opportunity…”
New Age Economy
Globalization of business
Many opportunities but severely competitive
New skills / competencies involved
Technology impact on business
Reshapes value chains
Consolidation of services
Business process integrity
Legal & Regulatory Environment
Change in Existing Laws
Enactment of new Laws
Corporate Environment
Forms of Business
Concepts of Business
How do Professionals see this New Age Economy?
Threat
Thre
at
Thre
at
Threat
Pessimist Perception
Threat of Invasion of Service Sector by Foreign Giants
Opportunity
Op
po
rtun
ity
Op
po
rtu
nity
Opportunity
Optimist Perception
Decide your Way
My Way
No Way
“I can do it … I can’t do it
Both are right”
- Henry Ford
Its all a matter of Attitude
Attitude is a small thing that can make
Big Difference
Only 10 % of
the Iceberg is
seen above
the surface
90% of an
iceberg is
below sea
level
Only 10 % of
your
positivity is
seen above
the surface
90% of an
positivity is
below the
surface…
How much do you see of an iceberg?
Do you Know??
Change you Attitude
Break the Boundaries & See the Opportunities
Opportunities in new Age Economy
Corporate Compliance
Management
Corporate Governance
Setting up Business India
Globe
Limited Liability Partnership - LLP
Competition Commission of
India -CCI
Valuation
JV Agreement
SEZ
Carbon Credit
Derivatives
Forex Future
But
These Opportunities are not available to
Company Secretaries.
These are available to CS Professionals.
Not Company Secretaries…
But, CS Professionals …
What is the difference???
Who is a PROFESSIONAL?
Business/ Products of Organisation
Legal Constitution
Applicable Laws
Mu
ltid
iscip
lin
ary
Kn
ow
led
ge
Organisation Structures
Specialty of Organisation/Industry
Business Scenario Domestic/ Int’l
Privileges and Exemptions
Integrity
Independence
Innovation
Excellence Pro
fessio
na
lism
Today‟s is the World of Specialization…
And We Require Industry Specialized Professionals
For this a CS Professional is the
most suitable person
Why ???
Information
Technology
Marketing
Production
And operations
Human
Resources
Corporate
Communication
Finance and
Accounts
Legal
Corporate
Planning
Law + Management
Knowledge of …
CS
Professional
Corporate Laws
Commercial Laws
Taxation Laws
Accounting Laws
Securities Laws
Corporate Restructuring &
Insolvency Laws
Economic & Labour Laws
Financial, Treasury &
Forex Management
Strategic
Management,
Alliances &
International Trade
Governance, Business
Ethics & Sustainability
Due Diligence &
Corporate
Compliance
management
Law + Management
Lets have a look at Course Curriculum …
Corporate Compliance Management
Corporate Compliance Management
is nothing but the
Opportunity
Lying in
„Compliance of All applicable laws‟
Present Status of Compliance Services
•Company LawHigh
• Listing Agreement & Securities Laws
Medium
•All other LawsLow
Applicability of Laws
General application of laws
Sectoral applications
Industry / Segment applications
Geographical applications
Number of Employees
Transaction applications
Corporate Governance
“CORPORATE GOVERNANCE
is creation of a culture of
consciousness, transparency and openness.
It refers to combination of laws, rules, regulations, procedures and
voluntary practices to enable the companies to maximize the long-term
shareholders value, customer satisfaction and wealth.”
Significance of CG
Transparency in
operations
Consciousness to
adopt best
practices
Confidence of
domestic &
international investors
Easier Access to
capital (FII, VCF,
Foreign Markets)
Entry of Best
Talent & Skill
International
Tie-ups
Widened
opportunities of
services
GLOBAL
GROWTH
Creation of Brand
Image
Higher Valuation
corporategovernance@SATYAM
Business Set-Up
Incorporation – India & International
New forms of Business Entities
Explore Tax Heavens
International Tax Planning
International Listing
LLP – Limited Liability Partnership
LLP provides corporate organization to compete internationally on
level playing field.
Best suitable for knowledge based enterprises and other small and
medium enterprises.
Provides enhanced risk taking capability
Provides enhanced reach.
CCI – Competition Commission of India
Advisory in M&A transactions, JV Agreement.
Representation before Competition Commission of India on behalf of Complainant,
Defendant
VALUATION
M & A
BUSINESS VALUATION
FOREX DEALS VALUATIONS
ESOP VALUATIONS
Valuation
SEZ
Establish New parks in Tier II & III cities
Leverage Government resources to create the necessary infrastructure
Attract new industries.
- Duty-free imports of capital goods and inputs for production for Export
- Liberal access to foreign exchange
- Encouragement to FDI
- Simplified, “one-stop” approvals
- Generous tax concessions esp. in early years
- Flexible Labour Laws
- Limitations on sales within the country
- Better Infrastructure (Power, Transport & Communications)
Carbon Credit
Carbon credits accrue from range of sectors…
Clean coal
technologies
Combined cycle
natural gas
Renewable
energy
Municipal solid
wastes
Energy efficiency
Waste to Energy
projects Small hydro
Fuel switch in
transportation
India
Derivatives
Types of derivatives.
Futures
Forwards
Options
Swap
Forex Future
Trading on the basis of fluctuations in foreign Exchange Prices
24-hour forex trading
Superior liquidity
100:1 Leverage in forex trading
Lower transaction costs
Equal profit potential in both rising and falling markets
Another unrealized fact …
In the New Age Economy,
all opportunities will be leveraged only
through
Information Technology
Technology initiatives ….
The challenge - Requires unique blend of Legal and Technological aptitude
One time investment adds significant value
Increased efficiencies possible
“Shared services concept”
Centralised infrastructure with decentralised operations possible
“Adopt technology to defeat technology”
is the latest survival mantra ….
Go IT …
Go IT …
Reduce time consumption in repetitive tasks.
Devote more time on Strategic analysis, value additions and
planning.
Use on-line regulatory services.
Make use of exhaustive databases, checklists, research papers
available online.
Manage multiple tasks through IT.
Use IT for public relations and branding.
Example
Its not just words, It is now reality …
A hottest start – up
(Business Model)
Learning
The 80:20 Theory
80%
20%
Filing forms & Applications
Registers & Returns
Checklists
Strategy
Management
Research
Present Focus of Services
Focus of services in emerging Scenario
20%
80%
Filing forms & Applications
Registers & Returns
Checklists
Strategy
Management
Research
Shifted Perception about CS
• Filling and Filing of Forms
• Drafting of Notices, Minutes
• Preparation of Checklists
Secretary
• Compliances of Company and Securities Laws
• Follow-up and Co-ordination with Regulatory Authorities
Compliance officer
• Business Planning
• Management
• Research
• Innovation
Strategic Planner
Need of the Hour …S
kill
Develo
pm
ent
Career Progression
Always think big
There is no price for dreaming Big or Small
So, why not dream Big
And all your dreams will come true
If you have the courage to pursue them
The story about the tiny frogs....
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.
A big crowd had gathered
around the tower to see
the race and cheer on the contestants...
The race began...
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!"
The tiny frogs began collapsing. One by one...
... Except for those who in a fresh tempo
were climbing higher and higher...
The crowd continued to yell
"It is too difficult!!! No one will make it!"
More tiny frogs got tired and gave up...
...But ONE continued higher and higher and higher...
This one wouldn't give up!
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?
Contestant asked the tiny frog how the one
who succeeded had found the
strength to reach the goal?
It turned out...
That the winner was DEAF!!!!
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!
Always think of the power words have.
Because everything you hear and read
will affect your actions!
Therefore: ALWAYS be...
POSITIVE!
And above all:
Be DEAF when people tell YOU that
YOU can not fulfil YOUR dreams!
Always think:
I CAN DO THIS!
Problems can either Make You or Break You
The hammer that can break glass can shape steel
Its up to you to be Glass or Steel
Have the willpower of Steel and the vision of Glass
Last Fact …
In this New Age Economy
It is not the Strongest and the most Intelligent person
survive,
But the one who is responsive to “Changes” will
survive.
Finally,
Opportunities have knocked your door …
But still …
You have to get off from your seat and open
the door….”
… and if Opportunity does not knock your
door….”
First of all, build the door….”
Thank You …