odyssey - :: welcome to iica :: i(september-december 2012).… · · 2014-10-07iica & gw...

OdysseyC o r p o r a t e

In This Issue

OdysseyIICA quArterly newsletter

Shri Sachin Pilot & Corporate India exchange views on CSR

MoU between IICA & NL SIU-A Red Letter Day for IICA

IICA & GW University Law School discuss contemporary Issues in Regulation

India hosts the Porter Prize for the first-time ever outside Japan

ISSUe 1 September - deCember 2012

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Lead StoryShri Sachin Pilot & Corporate India

exchange views on CSR

events (International)Building Business

Responsibility in India

IICA & GW University Law School discuss Contemporary Issues in Regulation

Creating Shared Value through Corporate Social Responsibility

IICA & SR Asia organize International Conference in New Delhi


CSR Roundtable with Mr. Richard Howitt, MEP & CSR Rapporteur, European Parliament

events (National)National Conference on Companies Bill 2012

held in Delhi

CSR Live Week, Mumbai displays Socially Responsible Corporations

IICA & Intel launch Legal Compliance Manual in New Delhi

CUTS & IICA organize National Policy Forum

partnershipsMoU between IICA & NLSIU–

A Red Letter Day for IICA

trainingsICLS Academy conducts trainings for Group B

Officials & ICLS Probationers

ICLS Academy trainings shape-up careers

IICa in the News

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Shri Sachin Pilot & Corporate India exchange views on CSR

Hon’ble Minister for Corporate Affairs Shri Sachin Pilot met the leaders of the Corporate World at Vigyan

Bhawan on December 4, 2012 for an interactive session on the topical issue of Corporate Social Responsibility (CSR). The event saw a large turnout of the industry and business captains along with representatives of Chambers, Business Associations and Professional Institutes.

Shri Sachin Pilot took over as the Minister of State (I/C) for Corporate Affairs on October 28, 2012. Prior to being appointed for the new role, he was the Union Minister of State, Communications and Information Technology, Government of India. He started his political career at an early age of 26 by becoming the youngest Member of Parliament in the country. Sh. Pilot is a Member of the Lok Sabha’s Standing Committee on Home Affairs and Member of the Consultative

Committee in the Ministry of Civil Aviation. He represents the Ajmer constituency of Rajasthan and is a member of the Indian National Congress.

Dr. Bhaskar Chatterjee, Director General and CEO, IICA, in the opening presentation, gave an overview of the CSR related scenario prevailing in the country and also provided a detailed account of the CSR provisions indicated in the Companies Bill submitted to the Parliament.

Shri Sachin Pilot, appraised the gathering about the status of the Companies Bill and also its provisions. He also said that he would make efforts to take up the passage of the Companies Bill in the ongoing winter session of the Parliament.

On behalf of the industry, known players such as ITC Limited, Max India Foundation, ONGC

5 | Sept - dec 2012 OdysseyC o r p o r a t e

Limited and TATA Steel Limited gave unique insights about various development-related work undertaken under CSR initiatives in their respective organizations through their presentations.

Responding to the queries made by the participating members, the Minister indicated that he was open to the idea of corporate houses being incentivised by means of suitable tax provisions. He mentioned that although the finances of the country were under considerable strain, he would take up the issue with the Ministry of Finance. The Minister also acknowledged the fact that many corporate entities already had an impressive track record of CSR activities and stressed that Companies Bill would provide a window of opportunity for strengthening these efforts even further. In his opinion, the CSR provisions of the Companies Bill were path-breaking. He stated that India will be the very first country in the world which will actually have in place, a specific legislation for CSR spending by the private sector.

Seeking the cooperation and support of business associations and industries for the unique endeavour, he further said that his Ministry would, in a transparent and open manner, try to address any probable difficulties faced in taking the CSR agenda forward. Answering one of the queries, he assured the representatives of companies that he would be happy to meet at regular intervals and take their views, opinions and comments on board.

While referring to the provisions of the bill itself, he drew the attention of the participants to Schedule “VII” and made it clear that the

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activities listed under the Schedule are only illustrative in nature and that Corporates could choose any other activity over them.

Moving on with the conversation, he also pointed out that there were certain developmental areas still vying for attention, solutions for which could be found with relatively small amounts of expenditure within a fairly short time frame. Explaining the context, he cited an example of building toilet facilities for girls at the senior secondary level in rural schools. The absence of convenient toilet facilities gravely impedes the retention of girls in such a scenario, encouraging drop outs. The Minister remarked that just a total provision of about Rs 100 crore over a period of about two years could actually help India as a nation to overcome the problem.

In view of the fact that the passage of the Companies Bill would bring about a regime

where CSR activities would have to be measured in rupee terms, the Minister felt that a project-based approach would be best-suited for corporates to conduct their CSR initiatives. According to him, such a project-based approach would not only capture the outlays but would also help to emphasize the outcomes and impact of CSR programmes.

Taking part in the interactive session, the industry and business leaders spoke unanimously in support of the need to join hands for the country’s development with activities under CSR and appreciated the initiative of the Ministry in providing the platform for interaction through this event.

The interesting session concluded with a vote of thanks by Sh. Naved Masood, Secretary, Ministry of Corporate Affairs. After the session, the Minister also had an informal interaction with the Press.


Building Business Responsibility in India

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lThe Indian Institute of Corporate Affairs (IICA) in association with the UK Department of Business Innovation and

Skills (BIS) and UK Department for International Development organized a conference on Responsible Business Conduct on December 10, 2012 at The Oberoi, New Delhi.

The conference was divided into three sessions that dealt with NVGs and OECD; Business Responsibility- The Indian Experience; and The Role of the NGOs in Business Responsibility in India.

Mr. Danish Chopra, Senior Policy Adviser, Trade and International Directorate, Department for Business, started the event with his opening remarks for the inaugural session. Ms. Patricia Grylls, Member, UK NCP Steering Board and Mr. Manoj Arora, Addl. Director General (Export Promotions), Ministry of Finance, Govt. of India then addressed the participants.

Dr. Asish K. Bhattacharyya, Professor, School of Corporate Governance and Public Policy, Indian Institute of Corporate Affairs, New Delhi, delivered the keynote address followed by a speech by Mr. Barry Lowen, British High Commission, Director UK Trade and Investment in India, who was invited as the honorary Chief Guest for the conference. A vote of thanks was extended by Ms. Gayatri Subramaniam, School of Corporate Governance and Public Policy, IICA.

The NVGs and OECD Guidelines were then discussed in a session moderated by Ms. Patricia Grylls, Member, UK NCP Steering Board. Interesting presentations on National Voluntary guidelines on Social, Economic and Environmental Responsibilities of Business was given by Mr. Shankar Venkateshwaran, Director, Sustainability & Climate Change, Pricewaterhouse Coopers Private Limited, India and Ms. Neha Kumar, Senior Technical Expert, GIZ. Mr Danish Chopra, Senior Policy Adviser, Trade & International Directorate, Department


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IICA & GW University Law School discuss Contemporary Issues in Regulation

The Indian Institute of Corporate Affairs (IICA) and George Washington University Law School organized a

Round Table on Facilitating Corporate Growth through Enlightened Regulation at New Delhi on December 14, 2012. Judges, lawyers, researchers, industry professionals and policy makers from USA and India came together at the informative event to discuss contemporary issues in corporate regulation. The conference was supported by US India Business Council.

Delivering various contours of corporate regulation, experts at the Round Table agreed that new age corporate regulation has to be growth oriented, transparent and inclusive.

The day-long discussion revolved around some of the intensely debated themes in the Indian context being divided into four technical sessions including competition law, intellectual property laws, banking laws and FDI.

Prominent experts from US such as Prof. William Kovacic, a renowned Anti-Trust Authority; Judge Kent Jordan; Judge Paul Singh Grewal; Jeffery Manns and Susan L. Karamanian from George Washington University addressed the participants. Indian dignitaries such as Mr. Ramesh Adige, Former Executive Director, Ranbaxy; Ms. Pratibha Singh, well-known IP lawyer; Mr. C.M. Vasudev, Former Finance Secretary; Mr. Gajendra Haldea, Adviser to Dy Chairman, Planning Commission; Ms. Pallavi Shroff, eminent Competition Lawyer; Mr. N K Sabharwal, Former Deputy Director General, WIPO; Mr. Rajeev Uberoi, General Counsel, IDFC and Bharat Anand, leading M & A Lawyer addressed the Round Table.

Discussing the attributes of enlightened regulation, Competition Commission of India (CCI) Chairperson Mr. Ashok Chawla stated that competition law and sectoral regulation are not mutually exclusive phenomena; rather


both must complement each other to achieve enlightened regulation. He emphasized on the need of greater consultations between regulators to delineate boundaries and address overlaps.

Busting a popular myth surrounding principle-based regulation versus rule-based regulation, Securities and Exchange Board of India (SEBI) Chairperson Mr. UK Sinha clarified that it is most often a combination of both, delivering the most efficient public policy outcomes. He said that rules, duly informed by the sound principles, are framed and enforced by regulators while exercising their mandate to regulate a sector.

Highlighting the role of human capital in building effective regulatory regimes, Dean Paul Schiff Berman, George Washington University Law School, emphasized on the greater need of fostering partnerships between Indian and US institutions of higher learning.

Former chairperson of CCI, currently Principal Advisor at IICA, Sh. Dhanendra Kumar discussed the complex perspective in which corporate regulation has to be understood and assessed. Speaking at the event, he highlighted the role of think-tanks and capacity building institutions in ensuring efficacy of regulatory regimes. He also threw light on the key lessons learnt from India’s evolving competition regime.

Renowned professionals including Mr. Vikram Mehta, Former Chairperson of Shell Group in India and Dr. Rana Kapoor, Founder Chairman and Managing Director of Yes Bank shared the industry perspective on the regulation. Mr. Vikram Mehta touched upon the evolving role of the regulators and their accountability and independence. Dr. Rana Kapoor brought to light the contribution of regulation in boosting innovation, citing several examples from the banking sector.


Creating Shared Value through Corporate Social Responsibility

The Indian Institute of Corporate Affairs (IICA) in collaboration with the World Bank and the European Union

organized an orientation workshop entitled ‘Creating Shared Values through Corporate Social Responsibility in India’ on November 7, 2012 at New Delhi.

Aimed at introducing the concept of strategic CSR (corporate social responsibility) and shared values, the workshop played a key role in increasing the awareness about different CSR and shared value approaches for maximum impact.

The workshop included presentations from CSR experts and Mark Kramer, Co-Founder and Managing Director of FSG. Ms. Shabnam Sinha, Senior Education and Institutional Development Specialist, The World Bank started the inaugural session mentioning the background and objectives of the conference. Mr. Mark Kramer, Co-Founder and Managing Director of FSG then spoke on

CSR and Creating Shared Value. Mr. Amit Dar, Sector Manager, The World Bank threw some light on CSR and Human Development. The theme address was given by Dr. Bhaskar Chatterjee, Director General and CEO, IICA followed by a keynote address by Mr. Onno Ruhl, Country Director, The World Bank. An inaugural address was given by Mr. Arun Maira, Honorable Member of Planning Commission. A vote of thanks was extended by Mr. John Blomquist, Lead Economist, The World Bank.

An introduction to CSR and Shared Value in the Indian context was highlighted by Dr. Bhaskar Chatterjee and Ms. Shabnam Sinha who spoke on the state of CSR in India, including typical activities of companies in the country and the legislative requirements of the Companies Bill. Mr. Mark Kramer then took the stage bringing to light the basic CSR concepts by discussing the history and evolution of social responsibility – globally and in India. He also touched upon the aspect

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of shared value. A presentation on global and Indian case studies on Shared Value Best Practice Models was also given by him.

Mr. Kramer also initiated a discussion on how to start implementing shared value programs covering important elements on adopting a shared value or inclusive business approach. He concluded with a call for action urging Indian companies to come forward and adopt the shared value agenda. The closing remarks for the day were given by Dr. Bhaskar Chatterjee, Ms. Shabnam Sinha and Mr. John Blomquist.

The workshop imparted great learning to the participants by citing examples of the global and Indian companies that operate in specific industries and follow the best business practices by leveraging the shared values to achieve large-scale meaningful social impact through their core businesses.

The event also touched upon the importance of considering individual business needs while designing the CSR programmes and understanding the practical issues involved in CSR implementation such as the need for government collaboration.

IICA & SR Asia organize International Conference in New Delhi

The Indian Institute of Corporate Affairs (IICA) in partnership with SR Asia, an international organization predominant

in Asian countries creating benchmarks and new standards in the field of Social Responsibility (SR), organized an International Conference on October 18 and 19, 2012 at New Delhi. The main theme of the conference was “Socially Responsible Products and Services for Sustainability”.

Center for Promotion of Imports from the Developing Countries (CBI), Netherlands; CSR, Europe, Brussels; Federation of Indian Chamber of Commerce and Industry (FICCI) and UN Global Compact Network India were some of the other prominent partners who participated in the conference. Senior-level delegates from various governments, leading public and

private sector companies, trade bodies, SMEs and Civil Society Organizations also attended the convention.

SR Asia has footprints in more than eleven countries and follows the principle and approach of AOP Japan and NPOs of its member countries.


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India hosted the most coveted Porter Prize on September 28, 2012 at the Leela Kempinski, Gurgaon to honor the Indian companies which

have embraced the best strategic management practices. Named after Professor Michael E. Porter, the renowned philosopher, thinker, Harvard faculty member and father of the modern strategic field, this was the first-time ever in the world that the awards were organized outside Japan.

The Porter Prize was held from 4:00 pm to 10:00 pm with the objective of felicitating the Indian companies at the national and international level in the field of strategy and competitiveness by assessing them on their strategy and related parameters. Founded on the four pillars of capitalizing on industry dynamics, segmenting strategically, leveraging unique activities and exploiting trade offs, the prestigious award turned out to be extra significant for the companies operating in India, as it helped companies to understand their position in the industrial

setting, the worth of their value creation process, the attractive and unattractive features of their industry, etc.

Seven Indian companies adjudged as the best in their respective industries were declared as winners under six categories.

Bharti Airtel bagged the Porter Prize for Exploiting Trade-off having made sustainable strategy choices enabling the company to create barriers pertaining to emulation. The Porter prize for Leveraging Unique Activities went to HDFC Life for effective rendering of activities across the value chain and achieving a competitive advantage over others. Mahindra Finance on the other hand walked away with the Porter Prize for Creating Distinctive Value by offering unique solutions to their customers and creating new market spaces and segments successfully. Make My Trip won the Porter Prize for Industry Architectural Shift as it was applauded for redefining the


industry structure by challenging the very basis of competition and creating new and effective business models. The Porter Prize for Creating Shared Value was bestowed on two companies, namely, Mother Diary and ICICI Lombard as both of them achieved economic success by redefining markets and products. They were also awarded because of their contribution in the societal and economic progress. Vaatsalya was crowned the winner of the Porter Prize for Value Based Healthcare for redefining the patient care idea and challenging the economic models within the industry in a fundamental manner.

Recognized as the most coveted awards in the field of strategy and competitiveness, the first of its kind, ‘Porter Prize’ was initiated in the country by the Institute for Competitiveness (IFC), India. IFC is the Indian knot in the global network of the Institute for Strategy and Competitiveness at Harvard Business School. The Indian Institute of Corporate Affairs (IICA) partnered with IFC as an Award Partner for the Porter Prize specifically for the award category – Creating Shared Value.

There were 16 industry-based classifications for the award including Finance, Banking and Insurance; Food and Beverage; Healthcare, Pharmaceutical and Social Assistance, Information, Telecom and Data Processing; Education, Training and Educational Services; Retail and wholesale; Utilities, Electricity, Gas, Water and Power; Arts,

Entertainment and Recreation; Construction, Real Estate and Steel; Petroleum, Chemicals and Plastics; Transportation, Logistics and Aviation; Textiles and Apparels; Computers and Electrical Appliances; Tourism and Hospitality; Automobiles; and Media.

The annual Porter Prize, akin to the Deming Prize, was established in Japan in 2001 to recognize Japan’s leading companies in terms of strategy.

Professor Michael E. Porter is a leading authority on competitive strategy, the competitiveness and economic development of nations, states and regions, and the application of competitive principles to social problems such as health care, the environment and corporate responsibility. He has been identified in several rankings and surveys as the world’s most influential thinker on management and competitiveness. Professor Porter is the Bishop William Lawrence University Professor at Harvard University based at Harvard Business School. The designation of a University Professor is the highest professional recognition that can be given to a Harvard faculty member.

The Institute for Competitiveness (IFC), India conducts and supports indigenous research, offers academic and executive courses and provides advisory services to the corporates and the government.


CSR Roundtable with Mr. Richard Howitt, MEP & CSR Rapporteur, European Parliament

The Indian Institute of Corporate Affairs (IICA) and Centre for Responsible Business (CRB) jointly organised a short

roundtable on September 24 from 3:00 pm to 6:00 pm in New Delhi to engage and share with Mr. Richard Howitt, Member of the European Parliament (MEP) and CSR Rapporteur for the European Parliament, who will shortly author the European Parliament’s Report on the European Union’s Approach to Corporate Social Responsibility, the perspectives on Corporate Social Responsibility (CSR) in India, and also hear from him the European Parliament and business perspective on CSR.

Mr. Howitt had expressed his desire to facilitate his engagement with senior CSR professionals, policy makers and civil society organizations in India during his visit to New Delhi. Selective people were invited for the event.

The IICA provides a unique platform for the

government, corporate entities and all other stakeholders for value-added partnerships.

The CRB is being incubated in India through a development partnership project between Business Social Compliance Initiative (BSCI), Social Accountability International (SAI) and the Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) GmbH.

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National Conference on Companies Bill 2012 held in Delhi

The Centre for Responsible Corporate Governance (IICA) in collaboration with Corporate Knowledge Foundation

organized the first National Conference on Companies Bill 2012 on December 28, 2012 at the Indian Habitat Centre, Delhi. Divided into five sessions, the event was attended by around 93 participants.

An introductory note was given by Mr. G.P. Madaan, Founder & CEO, Corporate Knowledge Foundation followed by a welcome address by Prof. Asish Bhattacharyya, Head, School of Corporate Governance and Public Policy, IICA. Dr. Bhaskar Chatterjee, Director General & CEO, IICA then took over the stage to address the participants. Mr. Pavan Kumar Vijay, Managing Director, Corporate Professionals also shared his thoughts. The key note address was delivered by Mr. O P Vaish, Senior Advocate & Founder, Vaish Associates Advocates. A vote of thanks by Prof P.R.R. Nair, Head, Centre for Responsible Corporate Governance, Indian Institute of Corporate Affairs (IICA) concluded the session.

The conference conducted four technical sessions during the day. Dr. Bhaskar Chatterjee, DG & CEO, IICA addressed the first technical session on Corporate Social Responsibility and spoke at length about all related aspects of the topic. Governance and Transparency was the subject for the second technical session held during the conference. The Role, Responsibilities and Accountability of Independent Directors, Board Procedures, and Enhanced Disclosure Norms were discussed by speakers including Mr. B. D. Narang, Former CMD, Oriental Bank of Commerce; Mr. K. Sethuraman, Group Company Secretary & Chief Compliance

Officer, Reliance Industries Limited; Ms. Preeti Malhotra, Executive Director, Spice Group, Past President ICSI; Mr. Ilam Chand Kamboj, Sr. G.M. - Legal & Company Secretary, Hero MotoCorp Ltd; Dr. Sanjeev Kumar, Director - Corporate & Legal Affairs, Bajaj Hindusthan Ltd; and Mr. Lalit Jain, Senior Vice President & Company Secretary, Jubilant Organosys Ltd.

Moving ahead, a third technical session on New Accounting Regime brought into focus the Rotation of Auditors and Restriction on Advisory Services by Auditors; Consolidation of Accounts of Subsidiaries, Joint Ventures & Associate Companies; and Accounting & Auditing Standards, Secretarial Standards, and Cost Accounting Standards. Speakers who participated in the session were Mr. Harinderjit Singh, Senior Partner, Price Waterhouse; Mr. K. Sethuraman, Chief Compliance Officer and Group Company Secretary, Reliance Industries Limited; Dr. R. K. Agarwal, Senior Partner, Rakesh Raj & Associates; and Mr. Rakesh Singh, President, Institute of Cost Accountants of India.

The fourth and last technical session for the day was on Investor Protection. Shareholders’ Empowerment and Minority Rights; Stringent Penal Provisions, Empowered SFIO, Special Courts; and Class Action Suits were the key topics discussed. Mr. U.K. Chaudhary, Sr. Advocate, Supreme Court, Past President ICSI; and Ms. Kumkum Sen, Partner, Bharucha & Partners, Advocates & Solicitors addressed the session.

Proving to be a significant learning platform highlighting key elements of the Companies Bill 2012 , the conference ended on a high note.


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IICA & Intel launch Legal Compliance Manual in New Delhi

The Indian Institute of Corporate Affairs (IICA) organized a conference on Corporate Governance in New Delhi on

September 12, 2012 focusing on the challenges of staying legally compliant in India, especially for the small and medium enterprises. Held at Hotel Meridien, Janpath, the conference also saw the launch of Legal Compliance Manual (LCM) and a study on the ‘State of Corporate Governance in India’.

Developed and enhanced by Intel as a part of the MoU between IICA and Intel, the LCM summarizes the legal compliance obligations relevant to Intel’s business. Intel has produced a ‘generic’ IICA version of the LCM, which is applicable to companies working in similar businesses and has been extended to include adjacent areas such as Factories Act Compliances applicable to a vast number of Indian companies.

The IICA in partnership with Indian Institute of Management Calcutta (IIMC) and Thought Arbitrage Research Institute (TARI) conducted the study released on the ‘State of Corporate Governance in India’. The study report was released during the event.

CSR Live Week, Mumbai Displays Socially Responsible Corporations

The second CSR Live Week was held on November 20-21, 2012 at Mumbai. Organized with the key objective of

educating the public about sustainability and social responsibility, the event brought together all the sustainable and socially responsible corporations on a common platform.

Considered as the region’s most exciting and comprehensive gallery and exhibition on corporate sustainability and social responsibility, the CSR Live Week saw the participation of leading corporations, social entrepreneurs, philanthropists, and Non Government Organizations (NGO’s). All the participants showcased the social initiatives adopted and supported by them in different fields such as poverty, education, health, affordable housing, environmental protection, energy conservation, waste reduction, workplace safety, fuel efficiency, responsible reporting, use of sustainable and recyclable raw materials, community development, global warming, pollution, pandemics, green solutions, clean water, child abuse, old age, HIV/AIDS, hunger, highway safety, natural calamities, micro finance, conservation, polio eradication, recycling, sustainable finance, sustainable development, sustainable food, sustainable supply chain, ethical consumption, energy and emission.

The first CSR Live Week was held in Delhi–NCR on March 20-21, 2012.


CUTS & IICA organize National Policy Forum

The Indian Institute of Corporate Affairs (IICA) and Consumer Unity & Trust Society (CUTS) International organized

the National Policy Forum on Promoting Business Responsibility in the Pharmaceutical and the Private Healthcare sectors on October 8, 2012 in New Delhi.

Main objective of the Forum was to share the findings of the project entitled, “Exploring the Interplay between Business Regulation and Corporate Conduct” - BRCC, initiated by CUTS in 2011 in association with the Norwegian Institute of International Affairs (NUPI), Norway with the support of the Ministry of Foreign Affairs, Norway.

The CUTS team came up with some alarming and interesting preliminary findings after conducting extensive and intensive field work in pharmaceuticals and private healthcare sectors by local civil society organisations (CSOs) in four states of the country, namely, Andhra Pradesh, Gujarat, Himachal Pradesh and West Bengal. It was deemed to be the right time to bring the

findings to the fore and highlight the relevant policy areas/ reforms that need attention. The entire exercise was also planned to facilitate implementation of the National Voluntary Guidelines (NVGs) on Social, Environmental and Economic Responsibilities of Business introduced by the Ministry of Corporate Affairs, Government of India in July 2011.

As a prelude to the National Forum, CUTS International held its first stakeholder dialogue in Shimla on August 30, 2012. The other three stakeholder dialogues were held in Ahmedabad, Kolkata and Hyderabad on 9th, 14th, and 25th September 2012, respectively. IICA was the knowledge partner for the event.

Several luminaries from diverse backgrounds ranging from the government, corporate sector and civil society organizations participated in the forum. Dr. Bhaskar Chatterjee, Director General and CEO, IICA, who welcomed the gathering on the occasion, was confident that the project would show the way to implement the NVGs in the pharmaceuticals and private healthcare sectors.


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Dr. Bhaskar Chatterjee, IICA in his remarks, stated that these two sectors have often been maligned/targeted for operating non-responsibly. Dr. Chatterjee believed that these two sectors can be made to incorporate the nine principles of the NVGs to shield them against uninformed onslaught by virtue of the exercise undertaken by the project. He further added that a comprehensive look at what was happening in the selected states showed signs of a good development.

Referring to the project agenda, Mr. Arvin Gadgil, Ministry of Foreign Affairs, Norway, opined that appropriate regulation and appropriated conduct were like an antidote to the society’s lethal poison of inequality . He acknowledged that India is the ideal place to discuss corporate social responsibility and also shed some light on the position of Norway on Corporate Social Responsibility (CSR). According to him, Norway was one of the first countries in the world to draw up a comprehensive policy document on CSR in 2009. The white paper “Corporate Social Responsibility in a Global Economy” was presented before the Parliament to raise awareness and promote CSR in both the private and public sectors. Mr. Gadgil mentioned that the rich and the poor both perform best in ‘equal societies’ and inequality is never conducive to responsible behaviour in a society. He also expressed that appropriate regulation and conduct is the remedy to the inequality in the society referring to the agenda of the project.

Sharing his perspective, Mr. Arun Maira, Member, Planning Commission of India, said that policy as well as regulation should be ‘people’ oriented.

Mr. Pradeep S. Mehta, CUTS, finally extended a vote of thanks to all the dignitaries present on the occasion. Mr. Mehta came-up with a special mention of the book ‘Why Nations Fail’ by Daron Acemoglu and James Robinson, with reference to the question as to why some nations are rich while others are poor. He referred to the UN Code of Conduct on Transnational Corporations (TNCs). It is known that the implementation got derailed by the USA. He professed the need for building institutions and trust among businesses, government and people. He acknowledged Mr. Gadgil’s opinion and reiterated that inequality certainly does breed mistrust.

Speaking on the moot point i.e. promoting business responsibility in the pharmaceutical and private healthcare sectors, the experts of the likes of Mr. Amar Jesani and Ms. Padma Deosthali (CEHAT) asserted the lack of regulation abidance among the sectors coupled with the paucity of relevant data in the public domain. The findings from the field only substantiated this position and showed that in the current scenario the scale of responsibility in the sectors is rather dismal. All the participants in the forum, irrespective of their belonging and their stand on the debate on business responsibility, unanimously agreed that everyone needed better and more responsible healthcare facilities and pharmaceutical provisions.


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The Indian Institute of Corporate Affairs (IICA) signed an MoU with the National Law School of India University (NLSIU)

on Dec 28, 2012 at Bhabha Chamber, Scope Complex, New Delhi. Under the partnership, both the institutes would undertake cutting-edge research and roll out innovative courses to meet the contemporary knowledge and skill needs of stakeholders in the areas of competition policy and law, economic regulation, corporate social responsibility, corporate laws and finance among others.

The MoU was signed by Dr. Bhaskar Chatterjee, Director General and CEO, Indian Institute of Corporate Affairs and Prof. R Venkata Rao, Vice Chancellor, National Law School of India University.

Eminent personalities such as Shri Dhanendra Kumar, Principal Adviser, Indian Institute of Corporate Affairs; Shri Manoj Kumar, Joint Secretary, Ministry of Corporate Affairs; Shri Ramesh Adige, Member, Board of Governors, IICA and Shri Anil K. Agarwal, Member, Board of Governors, IICA participated in the event with their presence.

Shri Dhanendra Kumar, formerly Chairperson, Competition of India, and currently, Principal

Adviser, IICA, offered the introductory remarks speaking of IICA as the centre of excellence, a think-tank and a unique institute of the Ministry of Corporate Affairs, not forgetting to mention the role of NLSIU as the country’s unique and premier law school. He also highlighted the importance of capacity building of the regulators and their officials through national institutes such as the IICA.

Prof. R Venkata Rao, Vice Chancellor, National Law School of India University, took the audience through a detailed account of the evolution of NSLIU to its present status of excellence as a premier institution. He said: ‘The race for excellence does not have a finish line. This MoU is an extremely important step in the thousand-mile journey in search of excellence’. He then emphasized on the importance of the proposed symbiotic relationship with the institute of excellence such as the IICA.

Dr. Bhaskar Chatterjee, DG and CEO, IICA, shared his views and spoke at length about the significance of the collaboration, declaring the day as a Red Letter Day for IICA. He further added that the right timing of the MoU will not only maximise collaborative strength but also provide endless opportunities.

The Indian Institute of Corporate Affairs has been established by the Ministry of Corporate Affairs to fulfil the research and capacity building needs. It serves as a national knowledge platform for multiple corporate areas.

The National Law School of India University is a globally recognised premier university in the areas of legal education and research.

MoU Between IICA & NLSIU– A Red Letter Day for IICA


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ICLS Academy conducts trainings for Group B Officials & ICLS Probationers

Established in IICA, the Indian Corporate Law Service (ICLS) Academy provides induction training to ICLS Probationary

Officers and mid-career training to serving ICLS officers for providing requisite expertise in Corporate Laws and basic understanding of related subjects. The ICLS Academy conducted two trainings in the month of September 2012. A two-day Mid Career Training Programme for Group ‘B’ Officials was held on 3rd & 4th September, 2012. An Induction Training Programme for ICLS Probationers (second batch) was organized from September 17, 2012 till November 2, 2012.

Conducted at the office of Regional Director (NWR), Ahmedabad for Group ‘B’ Officials i.e. Senior Technical Assistants (STA’s) and Junior Technical Assistants (JTA’s) of North Western Region, the Mid Career Training Programme was attended by 19 STA’s/JTA’s. The training

imparted an understanding on several aspects such as balance sheets, statutory audit, technical scrutiny of balance sheets, use of e-tools - EWS and New Company Bill 2011.

The third phase of Induction Training Programme for ICLS Probationers (second batch) was organized at Indian Institute of Corporate Affairs (IICA), Manesar. During the third phase of the training, the Probationary Officers were taught major commercial laws such as Indian Contract Act, Partnership Act, Sale of Goods Act, and Negotiable Instrument Act. They were also provided with knowledge on topics like Amalgamation of Companies, Winding up of Companies, Implementation of XBRL, Accounting Standards, IFRS, etc. under the Companies Act 1956. After the training, the Probationary Officers proceeded on a three-week study tour starting from November 5, 2012 and scheduled to end on November 23, 2012.


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ICLS Academy trainings shape-up careers

The Indian Corporate Law Service (ICLS) Academy was established in IICA to offer induction training to the ICLS

Probationary Officers and mid-career training to serving ICLS officers for equipping them with requisite expertise in Corporate Laws and provide basic understanding of related subjects. The ICLS Academy conducted three trainings in the month of October 2012.

A five-day Mid-Career Training Programme started on October 8, 2012 at IICA Manesar for Junior Time Scale and Senior Time Scale (JTS/ STS) level ICLS Officers, running successfully till October 12, 2012. It imparted valuable learning on the registry functions of the offices of Registrar of Companies. The training witnessed an encouraging participation of almost 22 JTS/ STS level ICLS Officers from the Head Quarters (HQ) and all other regions.

Another knowledgeable training session conducted during the month was for Group “B” Officials. The two-day Mid-Career Training Programme for Group “B” Officials kicked-off to a great start on October 29, 2012, concluding a

day after on October 30, 2012. It was organized at the office of Regional Director (SR), Chennai for Group ‘B’ Officials i.e. Junior Technical Assistants (JTA) of Southern Region.

Attended by 19 JTAs, the training programme focused on understanding of Balance Sheets, Statutory Audit, Technical Scrutiny of Balance Sheets, Use of E-tools - EWS and New Company Bill 2011, etc.

The month also saw an Induction Training Programme for ICLS Probationers (second batch). Held at IICA, Manesar from September 17, 2012 to November 2, 2012, the third phase of the training sharpened the skills of Probationary Officers in major commercial laws such as Indian Contract Act, Partnership Act, Sale of Goods Act, Negotiable Instrument Act and Amalgamation of Companies, Winding up of Companies, Implementation of XBRL, Accounting Standards, IFRS etc. under the Companies Act 1956.

A three-week study tour from 5th to 23rd November, 2012 was also organized for the Probationary Officers.

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Indian Institute of Corporate affairsPlot No.: P 6,7,8 Sec.: 5, IMT Manesar

Distt. Gurgaon, (Haryana), Pin - 122 050Ph.: 011-24362282, Web.: www.iica.in

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