On January 18, 2014, North Indian Regional Council of Institute of Company Secretaries of India (NIRC-ICSI) and Sri Aurobindo Foundation for Integral Management (SAFIM, a unit of Sri Aurobindo Society) co-organized a one-day seminar titled, ‘Sustainability—Corporate Evolution through Consciousness’, at Hotel EROS Continental, New Delhi.
- Shri T. N. Chaturvedi, Chairman, SAFIM Advisory Board and Former Governor, Karnataka and Kerala, was the Chairman at the event.
- Dr. A K Balyan, MD & CEO Petronet LNG Ltd. and Member SAFIM Advisory Board; and Mr S. N. Ananthasubramanian, President, ICSI & Member, SAFIM Advisory Board were the Guests of Honour on the occasion.
- Harish K. Vaid, Vice President, ICSI; Deepak Kukreja, Chairman, NIRC-ICSI; O. P. Dani, Former President, ICSI; Dr Ashok Haldia; Vineet Chaudhary; N. P. S. Chawla; Manish Gupta; other Regional Council Members; and approximately 400 members were present at the inaugural function of the seminar.
At the Inaugural Session of the seminar, the dignitaries present on the dais were welcomed and introduced; SAFIM and National Foundation for Corporate Governance (NFCG) were thanked for providing support in organizing the programme. Many dignitaries, while addressing the gathering, reiterated that effective and conscious corporate governance is needed to create a corporate culture of consciousness, transparency and openness, based on core values of integrity and trust. Also, effective corporate governance can be achieved by adopting a set of just principles and best practices.
Shri O. P. Dani, while in his address introduced SAFIM, its objective and various seminars/workshops being organized by SAFIM. He also intimated the participants about the Research & Training Institute of SAFIM situated at Pondicherry. He thanked NFCG for providing support in organizing the seminar.
Shri Harish K. Vaid, Vice President—ICSI, mentioned about the people having different consciousness levels, ranging from alive and awake to asleep and dead. He said that organizations such as SAFIM and the ICSI are performing the onerous responsibility of not only keeping their own consciousness in the vigilant state but also helping organizations in India and abroad to rise from their slumbers. He also assured that the deliberations of the seminar will highlight the traits of good professionals which help in keeping alive the conscious of the corporate wherever they will work.
Dr A. K. Balyan discussed about conscious capitalism and conscious leadership, the purpose of a business, paradox of profits, caring about environment, and nonprofit organizations. He also discussed the difference between corporate social responsibility and conscious capitalism.
S. N. Ananthasubramanian, in his speech said that SAFIM is working in the direction of inner transformation and development of consciousness. He elucidated the differences between consciousness and conscience. He also mentioned that compliance is of three types—absolute compliance, adequate compliance and apparent compliance—and suggested that in order to achieve win–win situation moving upward from apparent compliance to adequate compliance and then to absolute compliance will be beneficial. He also discussed about the concept of Corporate Social Responsibility under Companies Act, 2013.
Shri T. N. Chaturvedi said that the topic of the seminar has a great significance in the working life. Therefore, every word spoken on the theme of the seminar is important. He discussed about human values and their sustainability.
The first technical session, titled ‘Guiding Values for Corporate Governance—A Consciousness Perspective’ was anchored by Shri Rajiv Bajaj and chaired by Dr Ramesh C. Vaish. Shri Avimukt Dar, Partner, Indus Law; Dr Akhil Prasad, Country Counsel India and Company Secretary, Boeing International Corporation India; and Ms Amita Joseph, Founder Director, Business Community Foundation, addressed the first technical session of the seminar. Professor G. S. Gupta proposed heartiest vote of thanks at the end of the first technical session.
Second technical session, ‘Corporation, Community and Sustainability—An Integral Approach’, was anchored by Shri Dhananjay Shukla. Shri B. L. Bagra, Member of SAFIM Advisory Board and Former MD at NALCO chaired this session. Dr Jaiprakash Singh, SAFIM; Shri K. G. Nagendranath, Deputy Editor, The Financial Express; Shri Ashok B Chakraborty, Chief Sustainability Officer, National Foundation for Corporate Social Responsibility, Indian Institute of Corporate Affairs; Professor Subhasis Ray, Associate Professor, Xavier Institute of Management, Bhubaneshwar, addressed their thoughts in this session of the seminar. Shri Ranjeet Pandey proposed heartiest vote of thanks at the end of the second technical session.