‘Corporate governance is all about transparency, accountability’

Business talk: S.K. Acharya, CMD, NLCIL addressing the valedictory of the two-day seminar on finance held at Neyveli recently.

Business talk: S.K. Acharya, CMD, NLCIL addressing the valedictory of the two-day seminar on finance held at Neyveli recently.  

NLCIL seminar stresses on need to follow core principles

Corporate governance and financial management are fundamentally about improving transparency and accountability, said S.K. Acharya, CMD, NLC India Ltd (NLCIL).

Addressing the valedictory of the second national finance seminar, Mr. Acharya said these core principles need to be taken up in all seriousness in the interests of a company’s many stakeholders, such as shareholders, management, customers, suppliers, financiers, government and the community.

The seminar, themed ‘Enriching Knowledge Sharing through sharing of best practices in Financial Management and Corporate Governance on Emerging Markets’ was co-hosted by The Institute of Costs Accountants of India, The Institute of Chartered Accounts of India and the Institute of Company Secretaries of India.

Rakesh Kumar Director (Finance), NLCIL said successful business was nothing but knowing when to delegate or to seek outside expertise.

Seminars such as these would be helpful to focus more on the process of understanding governance and compliance structures and to derive solutions to maximise the effectiveness and compliance of rules and acts in any organisation, he said.

P.S.R.K. Sastry, Director (Finance), Northern Coal Fields, V. Sekar, Director (Finance), HIL and Glenn Fozard, chairman at Environmental Clean Technologies Ltd, Australia were felicitated.

A. Ganesan, CGM (Finance) and V.N. Babu General Manager (Finance) participated.

About 250 delegates from various organisations attended the sessions which were led by 15 experts from finance and corporate sectors. The topics included corporate governance and regulatory compliances, financial management, resource mobilisation, taxation and accounting.

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Printable version | May 24, 2020 6:26:43 AM | https://www.thehindu.com/news/cities/puducherry/corporate-governance-is-all-about-transparency-accountability/article22818681.ece

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