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President of India graced the 55th foundation day celebrations of the Institute of Company Secretaries of India

Newdelhi:4/10/23:The President of India, Smt Droupadi Murmu graced the 55th foundation day celebrations of the Institute of Company Secretaries of India (ICSI) in New Delhi today (October 4, 2023).

Speaking on the occasion, the President said that Company Secretaries should remember that their loyalty is not only to perform the legal work as an officer or professional of a company, but their duty is also towards every citizen of the country who has been left behind in the developmental journey. She emphasised that the role of the corporate world in managing resources should be that of trusteeship. She said that the spirit of service should be their basic mantra. She urged them to move forward on the path of good corporate governance while remembering Gandhiji’s Talisman “Remember the face of the poorest and most helpless man”. She said that their goal should be “prosperity with human dignity”.

The President said that three sins out of seven sins mentioned by Gandhiji are – wealth without work; knowledge without character; and commerce without ethics. She stated that the lessons related to these three sins should always be guiding lights for the Company Secretaries. She said that “Ethics in Business” is more important than “Business Ethics”. She stated that as a vigilant watchdog of corporate governance, Company Secretaries have to take care that the legal provisions meant to increase ease of doing business are not misused.

The President said that today, India is scaling new heights. Be it economic or social development, we are moving towards becoming a leading nation. In such scenario, it becomes more important that our professionals are not only qualified and competent, but also courageous and creative. She stated that the future of India’s corporate governance depends on willpower and actions of Company Secretaries. They can make India a role model of ‘Good Corporate Governance’ as well as of ‘Good Governance’.

The President said that the work of ICSI is not only to create such professionals in the country who are capable, competent and proficient in corporate functioning and laws, but also to create such boardrooms, society and culture where good governance, integrity and discipline are not just words or buzzwords. These should be the universal truth of every aspect of life, and should also be the yardstick for measuring any decision.

The President said that change is the law of nature. If we are not comfortable with change, or if we do not change our attitudes, methods and way of working with the times, our aspiration for good governance would not be fulfilled. Be it new technological inventions like AI, or changes in the regulatory environment, with all these changes we would have to change. She was happy to note that ICSI have not only updated their syllabus as per the need but have also encouraged research.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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