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2nd ICSI CORPORATE GOVERNANCE WEEK CULMINATES AT NEW DELHI


by sagarmedia

Dr. Veerappa Moily in his inaugural address complimented the Institute of Company Secretaries of India for this initiative and said that ICSI has always demonstrated its commitment to corporate governance and is playing a leaders role in promoting good corporate governance practices amongst corporate India . Dr. Moily said that governance is the character and corporate civilisation will face disaster if there is lack of good governance as “Good Governance is effective leadership, transparency & accountability.”
He further added that reputation of corporates contributes 75% to success of Good Governance . Dr. Moily briefed about the National Policy on Corporate Governance which is being drafted by committee headed by Mr. Adi Godrej and Mr. Nesar Ahmad ,President, The Institute of Company secretaries of India is the convener & member secretary .
Dr. Moily ensured that the New Companies Bill 2011 will be passed soon and will be instrumental in enlightening the regulator environment for better sustainability . He once again stressed on the need for economic stability & progress intertwined with Corporate Social Responsibility .
Mr. Sunil Kant Munjal, Joint Managing Director ,Hero Motorcorp Ltd, while delivering his key note address complimented ICSI for initiative to observe the ICSI Corporate Governance Week 2012 and observed that there is no single individual who can work without honouring the environment .He said that governance of Countries, Families and Societies is a reflection of accepted norms. He added that a Company Secretary is a conscience keeper not just to the corporate but also to themselves. He expressed that there is need build ability and trust and in this there is need to create simple rules that are easy to understand and simple to follow . He said that people are the best asset of an organisation which appreciates with experience & exposure and the people include not just people within the organisation but also around the company. He concluded that sustainability is the collective responsibility of all of us.
Mr. U Venkataraman ,CEO –Currency Derivatives Segment and Whole Time Director ,MCX Stock Exchange delivered the Special Address and said that the Role of Stock Exchanges and institutional investors is vital in ensuring good governance . Institutional investors can act as whistle-blower, he said. He emphasised that the industry’s best practices should be showcased at the same time deterrents and penalties should be placed for misgovernance. He emphasised on striking a balance of mere compliance and earnest disclosure.”
CS Nesar Ahmad , President ,The Institute of Company Secretaries of India (ICSI) informed that ICSI has been actively engaged in its commitment to Corporate Governance and has played a pivotal role in bringing about awareness on various issues impinging upon Corporate Governance . He also informed that Good Governance has intensified as an international movement . He expressed that India has Corporate Governance from the Vedic Ages and now what is needed is a hybrid approach where international practices need to be integrated with our vedic heritage. Mr. Ahamd once again emphasised that Good Governance is a Culture and a climate of Consistency, Responsibility, Accountability , Fairness, Transparency and effectiveness that is deployed throughout the business organization . He stressed upon that the essence of Corporate governance lies in promoting and maintaining integrity ,transparency and accountability in the higher echelons of management
CS P K Mittal, Council Member, The ICSI emphasised on the Role of Company Secretary in Good Governance . He reiterated that , Company Secretaries, over a period of time, have developed themselves as professionals having core competence in corporate governance , As a part of 2nd ICSI Corporate Governance Week , the Institute organised Five Mega Programmes at Bangalore, Hyderabad, Mumbai, Kolkata & New Delhi.
CS Rajiv Bajaj , Chairman Northern India Regional Council , while introducing the Theme of the 2nd ICSI Corporate Governance week 2012 said that, Good Governance for Sustainability has assumed considerable significance in domain of Corporate governance. Good Governance is vital for sustainability of nations, corporate and even families . Today the concerns with regard to environment, inclusive growth and the challenges posed by globalisation have brought to fore several emerging issues of corporate governance which need to be addressed.
CS N K Jain, Secretary & CEO, The ICSI, delivered the Vote of thanks and informed about the Institute’s prestigious publications released on the occasion of the 2nd ICSI Corporate Governance at the hands of Hon’ble Union Minister for Corporate Affairs , Dr. M Veerappa Moily which are as follows:
Ø Good Governance for Sustainability
Ø Role of Company Secretaries in Good Governance
Ø Sustainability Reporting for Sustainable Future
Ø Gender Diversity in Board Rooms
Ø Responsibly Managing e-waste
He Informed that ,in addition, a number of other programmes were organized on corporate governance, sustainability & sustainability reporting, integrated reporting, responsible investment, gender diversity, waste management, whistle blowing, risk management & governance, and Good Corporate Citizenship as well as furthering “Go Green” initiatives throughout the length and breadth of the country by the Regional Councils and Chapters of ICSI.

Kempinski Ambience Hotel Delhi appoints Vella Ramasawmy as General Manager

Posted by sagarmedia
New Delhi, 30 August, 2012: Kempinski Hotels, Europe’s oldest luxury hotel group, announces the appointment of Mr. Vella Ramasawmy as the General Manager of their upcoming Kempinski Ambience Hotel Delhi scheduled to open later this year in East Delhi. A pioneer in the hotel industry, Mr. Ramasawmy is spearheading the hotel team to make it a new landmark for European luxury in India. Since 1897, Kempinski is known globally for its refined hoteliering and distinguished properties from historic buildings to the most avant-garde of modern architecture, including world-famous properties such as the Çırağan Palace Kempinski, Istanbul, Hotel Adlon Kempinski Berlin, Emirates Palace, Abu Dhabi and Le Mirador Kempinski Lake, Geneva. Over 115 years of its history, exclusivity and distinctive luxury, Kempinski Hotels have hosted international celebrities, witnessed meetings between the world’s leaders and been a part of creating history around the globe.
With three decades of experience in managing hotel operations for business and resort properties, and armed with valuable knowledge from his world-wide assignments with prestigious international hotel chains, Mr. Ramasawmy will be responsible for leading the first Kempinski Hotel in India by developing and introducing unparalleled quality standards.
A veteran in the international hospitality fraternity, Mr. Vella Ramasawmy is widely recognised for his astute business acumen in managing world class hotels. He has helmed some of the world’s most iconic hotels including the Grand Hyatt Muscat and Park Hyatt properties in Goa, Melbourne, Tokyo and Sydney, Sun City in South Africa as well as Le Touessrok Ile aux Cerfs by Groupe Sun Resorts and Le Saint Geran, both in Mauritius. Mr. Ramasawmy has also successfully launched The Leela Kempinski, Gurgaon. His achievements can be seen in various global awards and recognition that his properties have acquired in the past under his guidance and leadership.
To be launched later this year, Kempinski Ambience Hotel Delhi will boast of the largest meeting space in the country with an attractive choice of indoor and outdoor meeting venues. The hotel will be an ideal destination for leisure and MICE travelers, as well as for weddings and social events due to its strategic location and world class services.
Commenting on his new role, Mr. Ramasawmy said, “I am thrilled to be leading the pre-opening team at the Kempinski Ambience Hotel Delhi, especially at such an exciting time when Kempinski is set to launch its flagship property in India. With construction in full swing, we have a busy time ahead of us and one of current priorities is to handpick the best-in-class team that can help fulfill Kempinski’s vision of giving Delhi the true taste of European luxury.”
Besides being appointed as the General Manager of Kempinski Ambience Hotel Delhi, Mr. Ramasawmy also serves as the President of the Ambience Group.
You may download high resolution photo of Mr. Vella Ramasawmy from here.
About Kempinski Ambience Hotel Delhi
Strategically located in East Delhi, Kempinski Ambience Hotel Delhi is the first Kempinski in India, managed by Europe’s oldest luxury hotel group, Kempinski AG. To be launched in late 2012, this five star luxury hotel offers 480 well-appointed guest rooms, encased within two towers promising to offer a memorable experience each time. The hotel has par excellence banqueting facilities with the largest meeting space of 70,000 sq ft in the country accommodating up to 6000 guests. Other recreational facilities include four specialty restaurants and a bar, a luxurious spa with hammam treatment room, steam, sauna and two heated swimming pools. Just 25 km from the Indira Gandhi International Airport, the Kempinski Ambience Hotel Delhi is easily accessible from the National Highway and Metro line, and is situated at close proximity of prominent entertainment hubs and central business districts of Delhi & Noida.

Panasonic India betting big on B2B business this fiscal

New Delhi: Panasonic, the global leader in innovation and technology today unveiled its next generation High-Definition Video Conferencing (HDVC) for enterprises as a step towards strengthening its focus on the B2B business in India. With this launch and aggressive focus on this segment, Panasonic reiterates its commitment towards its customers by understanding and catering to their specific needs through innovation in technology.
Over the years Panasonic has shown excellence in terms of offering best products in the market and the company is banking big on their B2B segment- Panasonic System Sales Division (SSD) which plays a vital role in contributing to the overall growth of the brand in India. With a huge product portfolio including commercial Displays , Projectors, Telephones, Fax machines, EPABX, Surveillance and Security Cameras, Printers, Panaboards & interactive boards, Scanners, Toughbooks, Point of sale solutions and Broadcast products, SSD will be contributing to 10% of the company’s total revenue. With an increase in demand of this business in India not only is the company expanding its range of products but also launching new products in market this fiscal and this HDVC launch is a step in the same direction.
Gracing the occasion Mr. Toru Hasegawa, MD- System Sales Division, Panasonic India said “At Panasonic we are committed to provide best product portfolio to our customers with innovative and finest technology. With a wide product portfolio the year-on-year average growth rate for Panasonic’s System Sales Division has been 40%. We are expecting this growth to cross 100% by this fiscal end and close with a turnover of Rs. 655 crores.”
Further speaking at the occasion Mr. Rizhkant Zha, Director- System Sales Division, Panasonic India said “For the first time in India 3D technology has been infused with HDVC to provide best Video Conferencing solution for our customers. The end to end technology solution by Panasonic from Cameras lens to the display makes it possible to display facial expressions and gestures in clear, full-HD images as part of the visual communication experience. We are largely targeting IT/ITES, Hi-tech Enterprise, Manufacturing and Healthcare industries and will focus on bundling specific solutions to fulfil the requirements of various industries to make it most suitable product for them.”

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