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Dr. Jitendra K. Das shares his experience at the ASSOCHAM event on Governance, Risk, and Compliance


15th December 2017, Dr. Jitendra K. Das shares his experience at the ASSOCHAM event on Governance, Risk, and Compliance

Dr. Jitendra K. Das, Director, FORE School of Management, New Delhi made his presence felt at the ‘New India Confluence for Public and Private Enterprises – Governance, Risk and Compliance’ organized by The Associated Chambers of Commerce of India (ASSOCHAM) on 15 December 2017. Moderating the session on Corporate Governance that had leading industry names on the panel, Dr. Das shared his experiences with the gathering.

 

Governance, Risk, and Compliance (GRC) together help organizations achieve goals, eliminate uncertainty, and act with integrity. The ASSOCHAM conference offered stakeholders of organizations a unique platform to keep abreast with the latest in policies, processes, and programs under GRC. Mr. Sandeep Jajodia, President, ASSOCHAM said, ‘The confluence is timely and significant for stakeholders of private and public sector companies.’

 

Given the significance of the event, it wasn’t surprising to see leading dignitaries present on the day. The first session on Corporate Governance had Mr. Pankaj Tewari (Senior Vice President and Group Company Secretary, Bharti Airtel Ltd.), Mr. Rajiv Gupta (Senior General Manager – Legal and Company Secretary, Hitachi India Pvt. Ltd.), Mr. Sanjeev Sood, (Senior Vice President, Internal Assurance and Chief Risk Officer, Max Life Insurance Company Ltd.) and Mr. P.M. Singh (CEO and Business Editor, News Ink) as panellists.

 

They spoke on wide-ranging topics: from government reforms to expected performance outcomes and use of technology in enhancing corporate governance. The dynamic discussion was skilfully moderated by Dr. Das, who made the audience aware of the crucial importance of governance in corporate organizations. He also described how after delegation of authority, regulation is required at every level.

 

Dr. Das shared a personal anecdote to connect more closely with the audience. Recently he was asked whether healthcare and education sectors should be given the autonomy they demand. A stalwart in the education sector, Dr. Das had responded, ‘In education we always talk about exchange. We talk in terms of social marketing, which is a return in terms of social behaviour and not always money.’

 

According to him, in higher education it doesn’t matter much if prices are high, because all good things come at a certain value. To make the point, he cited the example of higher education in the US. He continued, ‘That’s why in education, in both government and private sectors, moderate regulation works. However, the stakes are very different in the healthcare sector, where people have fallen sick and don’t have a choice.’

 

Focusing on ground reality, Dr. Das said given the hospital monopoly patients end up getting charged more. Hence, to avoid corruption, healthcare should have the highest regulation. He also shared the example of Iridium (a company that made satellite phones), which failed because of lack of regulation. With anecdotes and examples dotting his talk and setting the tone for the lively session, Dr. Das summed up the discussion involving various speakers from the industry.

 
 
 
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