Good governance and compliance practices are not an endpoint, but a path towards creating a corporate environment of trust, transparency, and accountability. This in turn promotes corporate access to capital, increased investment, sustainable growth and financial stability. Making this system work effectively and efficiently requires flexible, principles-based approaches as well as buy-in and participation from all financial reporting supply chain participants. Rules-based, prescriptive approaches that assume that one size can fit all, are just not appropriate in today’s highly globalized and complex business environment in which success or failure hinge on the ability to adapt business models and forms of capital to continuously evolving economic realities. In such an environment, policy-makers best serve the public interest when they allow for flexibility in setting corporate governance rules. Companies also have a responsibility to establish a corporate culture and tone at the top that promote a values-based rather than compliance-based mindset to governance. Management, internal auditors, boards of directors and external auditors share the responsibility of executing their respective roles with healthy skepticism, transparency and robust communication.
|1:45pm-2:00pm||Registration and Networking Refreshments|
|2:00pm-2:05pm||Welcoming Remarks and Opening the 2017 Mumbai Form|
|2:05pm-2:25pm||Opening Keynote | India Corporate Governance
Taking a further look on the country’s governance efforts, opportunities and/or challenges, including the debate around constituting an independent audit regulator.
|2:25pm-3:20pm||Panel | The Role of the Independent Director
The goal of this session will be to discuss the role of the independent director on Indian Boards, including how boards can promote good governance to eliminate vulnerabilities and enhance the board’s value to shareholders, the role of an independent audit committee in overseeing risk, what investors consider when looking at Indian Boards, and how Indian Boards – and investors – are addressing risks associated with concentrated ownership.
|3:35pm-4:30pm||Panel | The Role of Management in Culture and Ethics
This panel will bring together leaders from Indian companies to discuss how their companies implement strong tone at the top, ethical cultures, and other efforts to promote strong governance.
|4:30pm-4:55pm||Closing Keynote | The Corporate Perspective|
|4:55pm-5:00pm||Recap and Closing Remarks|