Corporate governance, in the simplest of terms, are the rules, processes or laws by which businesses are regulated, operated or controlled. Good Corporate governance is imperative to the profitability of any business. A company&rsquos corporate governance is crucial to potential investors as it displays a business&rsquos direction and business integrity. A healthy corporate governance assists companies build trust with investors and the community. Therefore, corporate governance allows a business to promote financial viability by creating a long-term investment opportunity for market participants.
In these transmuting times, the School of Finance and Commerce invited Mr. Akshay Ranjanikar, Senior Manager in Forensic & Integrity Services at Ernst & Young, to present a webinar on Corporate Governance for the benefit of the students and university fraternity. Mr. Ranjanikar has about a decade of experience in the financial industry dealing with clients from all backgrounds in organizations such as Johnson Controls, Eaton, KPMG and AR & Associates. He has in-depth knowledge of the financial industry and how businesses in this sector govern themselves.
The webinar commenced with the welcoming of guests and dignitaries, and presented the profile of the speaker to the audience. Mr. Ranjanikar started the talk with the meaning of governance, its models and its deliberation so far in India. He then further went on to explain the importance of balancing the needs of the various stakeholders that a business possesses. Furthermore, Mr. Ranjanikar, also discussed the importance about being aware of financial scams that are quite prevalent in the market and how they can be avoided.
Mr. Ranjanikar also emphasized the importance of regulatory authorities such as SEBI/MCA, as well as the conflicts that arise from the difference of philosophy between the business owners and those that run it. Finally, Mr. Ranjanikar ended the webinar by discussing the optimal scenarios for business to deal with the current global pandemic that has severely hampered the development of numerous economies, thereby affecting the profitability of businesses all around.
The Dean SFC, Advisor to SFC, Deans of other schools, large number of faculty members of SFC and various other schools, students from all 5 programs of the school, and many external faculty members participated in the webinar. The session was throughout interactive and many questions were put by students as well as faculty members.
At the end a vote of thanks was proposed by Dr. Arvind Sinha on behalf SFC to the speaker, dignitaries, students and faculty members for cooperation extended in making it a successful event. The event would not have been successful without the sincere effort put in by the Co-curricular team volunteers in organizing the event.