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Sep
19

Towards Meaningful Corporate Governance – What I learnt!

As a management student, any exposure to the corporate world is a great learning experience. Industry visits and seminars give us immense exposure to Industry standards, Interacting with corporates and understanding their views on how corporate life unfolds and what corporates expect from us as fresh management graduates. This tends to offer exceptional guidance to us for our career goal setting phase.

We were given such an opportunity by the college on the 4th of July. An opportunity to attend the 7th Subir Raha Memorial Lecture. It was a great learning experience for all of us, attending an actual corporate seminar with many distinguished dignitaries being present. This event has been held every year for the past 7 years in the memory of Late Mr. Subir Raha, Ex-Chairman and M. D. of ONGC. He also served as president of Global Compact India Limited. He led ONGC on to deep exploration especially in the deep waters of India. He made ONGC a global level company in terms of integrated energy.

The chief guest of the lecture was Mr. Meleveetil Damodaran. Mr. Damodaran has had an illustrious career. He was Ex-Chairman of the Securities and Exchange Board of India (SEBI). He also served as an officer of the Indian Administrative Services, Manipur – Tripura cadre and also served as Joint Secretary of the Banking Division in Ministry of Finance (India) for 5 years. He spoke on the topic of corporate governance. He mainly stressed upon the simplification of laws for better understanding. The present laws are actually provided in a complex way which gives people the opportunity to find loopholes and by-pass laws. He went on to say that the lawyers and C.A.s of the companies should provide proper disclaimers and disclose all necessary information in a clear and concise way. He provided some thought-provoking examples such as the better representation of women in top posts in the corporate world and verification of laws and policies by the legal advisors. After this, he was open to queries.

We really learned a lot from this lecture. The views presented by the distinguished dignitaries gave us an opportunity to get a closer look into the corporate world that exists today.

By – Himangshu Khound

Class of 2019