Release of the Report on ‘Corporate Governance’ Chaired by Hon. Union Minister Dr. Veerappa Moily. Mr. Vikas Deshmukh and other founder members of PIC along with some experts from industry and academia came together to progress further on the deliberations of the PIC Roundtable on ‘Corporate Governance’ on 22nd December 2011. This group lead by Mr. Deshmukh authored and presented PIC’s first policy paper in the series of ‘Reinventing India’. The policy paper is titled ‘Towards Better Corporate Governance: Completing an Unfinished Agenda’. It focused on all cornerstones of corporate governance including ‘The Board’, ‘Insider Trading’, ‘ESOPs’, ‘Risk Management’, ‘whistleblower Process’, ‘Innovation Ecosystem’ and ‘Social Audit’. The highlight of this report was the creation of a unique ‘Corporate Governance Index’. It provides an easy evaluation tool to the company board on various parameters of Corporate Governance.
The event was presided over by PIC Trustee & President MCCIA, Dr. Abhay Firodia and attended by President PIC, Dr. R.A. Mashelkar and Vice-President, PIC Dr. Vijay Kelkar
Attendees to the event included the Trustees and Founder Members of PIC and also professionals from the Corporate World.