Tuesday, 23 December 2014

FROM TEACHERS TO MENTORS - SERIES 2....... Continuing from SCHOOL DAYS, COOL DAYS, AND AT TIMES EMOTIONAL FOOL DAYS – THOSE WERE THE GOLDEN DAYS….. (Education)


A Tribute to My Alma Mater
 St. Annes Convent-Chandigarh


There are many Teachers in life from whom you tend to learn something or the other, but a Mentor is that Amazing Human Being who Passionately Understands, Engages, and Inspires you to achieve your Momentous Vision in life leaving behind his imprints imbibed with you for life.
                                                                       
Manjul Thapliyal


Today is 21st Dec 2014 and a Sunday Morning, the weather seems rather better at 7.30 AM than the series of prior cold gloomy days. Looks like the sun will shine to add some glory to the upcoming day. My Brother Manish Thapliyal ( Defence Officer)  is en-route Punjab and will reach home at Noida (U.P) with family by the afternoon for Christmas and New Year Holidays. The night before and the morning today have had moments of anxiousness, as my kids, wife and parents await them with awaiting eyes.
















Here I am also coincidently reviving my Schooling days (Class V-VII) at St. Annes Convent -Chandigarh ( Punjab) in the year 1984-86, where my brother and sister were also siblings at the same school.

I was lucky that some Good Teachers and Excellent Mentors touched my Life at the Tender Age. Today through my writings, I pay tribute to those Mentors whose Thoughtful, Caring and Inspiring Words and Actions Motivated me to achieve Small Glorious & Delightful Moments in my Life. These Mentors seemed normal humans beings like us, but over a period of time you learned by experience they did have something special about their outlook towards life and hence they have become Immortal for you. It looks as if ,at times they had some magic wand from where they got the insights of their wards struggles and produced easy  solutions to guide them in accordance with their Joys & Sorrows.

Across my Schooling Journey which started with Loyala ( Goa) in 1980’s , My stay at my third Alma Mater ST. Annes Convent (1984-86)    Chandigarh deserves special attention as it was here I met my outstanding Dual Mentors Thomas Sir & Sister Cleopha. I was a short & shy 10 years old and had joined the school in 5th  B standard and my Class Teacher was Kamal Ma’am, with my other teachers being Sunny Sir, Sunisha Sharma Ma’am, Joe Ma’am, Thomas Sir, Mukha Ma’am, Sidhu Ma’am, Batta Ma’am, Roy Ma’am, Hardesh Ma'am  and our Motivators Father Stephen, Father Gomez, Sister Flexina and Principal Sister Cleopha including all the Other Sisters and Teachers which I fail to remember correctly.

I was a average student throughout my schooling life, but I excelled in two areas one was Sports and another exception being the Academic subject English. My written English was always good and that has made an impact with me having continued that inclination to pen down Thoughts, Memoirs & Books even now. Academically my grades in English and Glories in Sports have been a common achievement factor in my schooling Days. Out of the Two loves of my life, one has remained as a soul mate and another has been a love lost and Regained Story Saga. I incidentally went on to be a Topper in English during my Graduation at Delhi University.

 My School St. Annes Covent- Chandigarh had a mixed crowd comprising of Civilian & Defence Kids, but was the most well disciplined and organized of convents that I had come across till date. There was a truly equal emphasis on all round development, be it Studies, Sports and Extra Curricular & Cultural Activities like Religious Learning’s, Debates, Dance, Music, Role Play, Crafts, Fancy Dress, Excursions and Behavioral development Initiatives. There was ample opportunity for the talented ones to showcase & develop their talents under able appreciation and guidance from staff and teachers. Not to mention the less talented were given equal opportunities and encouragement to grow.

I had a inclination in sports, specially athletics and I remember winning since a toddler, my first official cup coming home from Loyala –what a small cute cup it was with a holder. Winning became a habit with me in all my schools and I won many events at each of my school. As mentioned priorly, I was a short heighted & wheatish complexioned thin boy who was also shy and a introvert, that added to my woes with my less inclination towards studies due to my highly flickering mind. I was mostly daydreaming about sports or mischief’s and Pranks. Maths, Science, Hindi and Geography were taboo to me, where as English, G.K and History were game and of my interest.

Then one day during my Games period, I met one of my mentors the charming Thomas Sir our Sports Teacher. He was whitish like me, with long silky straight brown hair, medium height and stocky built who use to cycle or at times come on a bike to school. As active as a Dynamo, he had a quirky south Indian Accent with a sharp eye for detail and that is how, he picked his selective wards from the masses. He had been a Meritorious Athlete in his prime and was into Pole Vaulting, Basketball and Football apart from being an Encyclopedia on Sports. Our ground was a decent one with Badminton, Volleyball, Football, Cricket, Basket Ball, Kho-Kho and Athletics Field. Also there were cemented provisions for High Jump, Short put and Basket ball which he supervised and built under his able guidance. He usually started the games period with a 200 meters run, and if showed slackness doubled it with a 400 meters over run. He watched the 5th B class run from a distance one fine day and then on saw a thin boy leading the pack regularly for few days. After a few days, he called out for me and asked for my name and said so you are an athlete. Since how long have you been running, I replied slowly that I liked running and had been winning since 1st. You will go a long way, if you are willing to learn, and I slowly nodded in the affirmative. His brown glowing eyes were soothing and matched his brown texture and I got hooked to him instantly. Then after watching my progress in days to come, he enrolled me for extra workout and practice sessions in the evenings at school. He called me and asked me, where did I live and could I manage the extra training sessions. I resided in  House No 1433 in Sector 34  and the School was in Sector 32, there was a approximately a 3 km distance between them. He called up my father (Defence Officer) and marking good words for me, somehow made him agree for my extra sports sessions in the evening. I remember our Army Shayak cycling me and my brother twice to school again as he did in the morning for attending and taking us home after school. In the later years both my brother and me would cycle independently to school and for the sports practice sessions in the evening.


























Manjul Thapliyal with the St.Annes Convent-Chandigarh Track & Field School Team (Yr-1985) for the Interschool Championship Games sitting second from left first row. Also sitting Second & Sixth in second row from left are my Mentors Thomas Sir (Coach) and Sister Cleopha (Principal).

I excelled in Athletics and was a part of the School Team, along with being in Football and Kho - Kho School Teams. Also captaining, the Kho - Kho House and School Team.  My inclination towards sports was deeply understood by him and through him it was passed on to our Principal Sister Cleopha. Sister was a strict disciplinarian with stern looks , often seen with a cane in her hand. Though I had my share of canes from her, being naturally naughty right from the start. But what initially I din’t knew, was that she also possessed a heart of Gold filled with compassion for the able minded or distressed. She was ready to go the distance for students who needed help either morally or financially. Also I want to make it a point that she weighed Sports in the same category as Studies and gave ample significance to both, encouraging the cultural form of Arts as well.

As sister Cleopha began to know me better, she knew that at times it was difficult for me to cope up with studies along with sports. She ensured with my teachers, that I was adequately compensated for my absence due to participation in matches in school and away from school. I remember both of them taking special initiatives to call my Father to school and counsel him to let me participate in Inter & Intra school tournaments. Though my father would be adamant on refusing but finally would relent after continuous persuasions. My father still regrets not sending me to a sports school as advised time and again by Thomas Sir, who would say that I was too good a player for my age and if given proper attention had all the prospects to play for the country one day.


























The School Team with my Mentors Sister Cleopha & Thomas Sir (seated in middle of first row) after I left School, because it would never be complete without me….


He said so, looking at my performances in my 5th and 6th classes, where I was playing neck to neck with my seniors who were at times 4-5 class ahead of me. In athletics, in the sprints I was topping my category and in the longer versions was also stealing positions among the other Stalwarts Namely Pradeep Krishnan, Ashu Phakey, Rajiv Mukha, Sachin Aggarwal, Aameep Sinha, Rohit Bhalla, Madhur Mehta, Amit Dutt, Gaurav, Rincy Sabestain, Kamaljyot, Bindu, Poonam Caeriappa, Damini Sud, Neetu Verma and my  elder Brother Manish Thapliyal.  The other notable sports persons in school being Sandeep Bhasin, Harsh Bedi, Ashish Kuruvilla, Ajay Sharma, Ripu Sain, Nautiyal, Chitra Subramanium, Arnaaz Mehta and some others whose memory has diminished with time from my mind and am not recalling their names like the Two Senior identical brothers etc.

















 My Class V B (Yr-1984) with our Class Teacher Kamal Ma’am sitting in the center first row and me standing in the extreme right top row.



I learned all the nuances of the Sports from St. Annes, the rules, how to run in spikes and play with studs, how to run from the blocks and exchange batons. Also How to lead and set the pace and at times keep your best till the last lap.…Oh those were the days. I remember my wins with my losses, but my mentors were always by my side. They whole heartedly supported me every time and made me realize that there is always a next time and the true virtue of working hard regularly. I had some intriguing and mind boggling one to one counseling sessions with both,  remembering both clearly consoling me at times of having the age being on my side. Apart from Medals, Cups, Shields & Trophy’s that we won for the school and ourself, we got our regular share of heartfelt appreciations and acknowledgements with wholesome Refreshments and at times surprising Cash Awards.













My Elder Brother Manish Thapliyal’s Class VII (Yr-1985) , along with his and later  my class teacher Joe Ma’am sitting in the center and he at extreme right first row.



I remember running the school marathon and finishing among medals with Sachin and Rajiv and all three of us getting parallel right till the end of reaching the school gates, then through the last round we sprinted for the positions, in which my tender legs could not cope with the seniors and Sachin having pipped Rajiv for the title and I taking the Bronze. As I fell to the ground soaked with perspiration and drained with energy loss, I was given glucose by Sister Cleopha and Thomas Sir told me in my ears that for him..i had won that race.. My colleagues lifted me up as they had never expected someone from their class fill in the top ranks and my class teacher  Ms. Joe filled with joy that I had made the class proud, excused me classes for the day. I was already doing good and excelling in football, scoring at the tournaments and also captaining & winning for the school at Kho-Kho tournaments outside. The things my Mentors found exceptional about me was that I was the smallest and youngest among the other sportspersons in school and yet had the desire to excel to the highest level and that I didn’t shy away from anyone at any level while competing. I was fully supported by both these Mentors & Seniors in all my related endeavors and i realized later in my life, that had I got their support more in my schooling days later, I would have maintained the flow and reached greater heights which some of my later schoolmates achieved and went on to play for India at the Highest level. They are Golfer Jyotinder Randhawa and Col. Sanjay Verma who played Ranji Trophy and Captained the Services Cricket Team.


















My Younger sister Shipla Thapliyal’s class 3RD snap (Yr-1985), with her 
standing Extreme right top row.



Still I feel those days were really special and motivating, as life was tough with Punjab witnessing peaked militancy at that period and The operation Blue Star happening at the golden temple. Things only got worse with the untimely assassination of Prime Minister Indira Gandhi. I, being from a defence family and we living alone in a civil area with my mother and siblings to take care of each other as father being suddenly posted out in the middle of the tenure. In those tough days, I got guidance from these mentors, who made me feel home away from home. I salute their spirit from the bottom of my heart.

Without an iota of doubt, I had serious potential to make it big, had I met more mentors like Thomas Sir and Sister Cleopha further in my schooling days. Also, I feel parents who have been into sports themselves understand their wards better and it reflects in their thinking as well. It also has a lot to do with suitable Sporting Facilities and Coaching at the concerned place, Both were lacking when it came to me in life as life moved. Though I played potentially well till 8th  in K.V Nagrota ( Jammu) and was the first Player from a small school to reach Regionals and almost Touch Nationals often beating my seniors & foes across  schools and competitions by handsome margins, my inclination towards sports diminished for lack of various factors  as mentioned above and also which I experienced later. My father’s constantly transferable forces job, lack of encouragement from family, limited facilities in terms of infrastructure, coaching and career options at that point of time made me think vice-versa. I stopped competing at heart from then onwards and it was turned to just physical activity hence forth. Though I was still playing in school and winning but not competitively any more. Somewhere the competitive sportsman in me doused in coming years as quickly as it had flourished during my early days. Many Potentials like me who touched glory in those days and maybe prior or later during their school days have had similar of better experiences to tell and relate. Whenever I remember those days when I was the smallest and youngest but among the tallest due to the height of the medal platform and the highest medal in my neckline, my body hair still get aroused with excitement. My heart gets filled with immense pride making me automatically bow down to salute and pay homage to those mentors who shaped my and many other’s destiny in those glorious days. Though later and even today through social media, I have reconnected with many of my schoolmates.

Sister Cleopha as per my information, went on to be principal at Sommerville School Noida and later succumbed to cancer. Thomas sir, I learned was somewhere settled in the US. What an irony! That, I have been residing in Noida, Sector 21- Jal Vayu Vihar since 94 which is less than a Km from Sommerville School and where Sister Cleopha was based. Had I known her whereabouts earlier, I would have met her on numerous occasions, greeting her and reviving the Glorious days.  But, that’s what’s destiny is all about, I guess. But would love to meet Thomas Sir again and again or surely once in life, along with all my wonderful teachers and fellow loving schoolmates to revive the bygone super-days.  



 A Much Recent Reunion(Yr-2011) by Seniors, among whom some were active members of the School Sports Teams from St. Annes Convent Chandigarh Reviving old Memories and
 Sharing the Present and Future.



Friends & Foes, it was an absolute pleasure of mine and yours to be a part of those wonder years of Comradeship, Competitiveness and Cohesiveness. Truly said that successful people never reach their goals alone, there are true mentors to guide them always.




Manjul Thapliyal

Principal Consultant
Visions Ahead
www.visionsahead.com

Monday, 15 December 2014

SCHOOL DAYS, COOL DAYS, AND AT TIMES EMOTIONAL FOOL DAYS – THOSE WERE THE GOLDEN DAYS….. Series-1 (Education)


 PREVIEW…..


I truly believe that School Days were the Happiest & Carefree Days of my Human Existence …maybe also yours





One wintery rainy cold night on Dec 14th 2014 in Noida ( NCR) India at around 9.14 PM when the temperatures froze among the rumbling lightening and everything in close vicinity got silent, something shook me from within and I started writing…. knowing well that it’s going to be a long and late night for me. But I couldn’t let it pass by; as the other days; as this day was significant and the night memorable. Moreover, I wanted to make it in fact momentous anyhow. The day was special as my old classmate from school had touched Delhi en route and we had been in touch recently after ages for a School Reunion Meet (K.V Air Force No 1- Jodhpur) Scheduled soon in 24th Jan 2015 at Jodhpur. It was vital for me as I was to meet someone next day along with other old friends, almost after 24 yrs and it had been naturally long…  as we were sweet 16 ( class of 11th & 12th ( batch 1990-1991) when together. 



Those memories which were not obsolete but had become faint in my mind with the time came to reoccur in my thoughts. The night was going to be prolonged and the sleep was to be a formality as the mind was preoccupied with variable thoughts. We were in our best teenage years and today, we were all settled with family and kids around. In last few years with the help of Social Media and my own inquisitiveness, could track out some friends and meet them ( started by meeting a old friend in Bangalore few yrs back) to revive the good old golden days-as I call them and so would you…

These penned thoughts are my small tribute to those glorious days which were once an essential part of our daily regime.  As far as I remember my School Journey begins from Loyala High School in Goa in 1980’s as a five year old, goes through Doon Culture Centre (Dehradun), St. Annes Convent (Chandigarh), K.V Nagrota (Jammu) and Ends at K.V Air Force No-1 (Jodhpur) in 1991 as a 17 year old lad. From each of my Alma mater I have numerous fond memories about my School and Mates which I will eventually share along my Journey. I would like to thank all my family, teachers, mentors, friends and foes who eventually became an integral part of this amazing voyage. I sincerely feel from the bottom of my heart, that those days were the best days of my life, thoughtless, carefree and filled with amazing experiences, mysterious happenings and exposure to a endless journey which I sincerely wish could relive and revive ….looks like am  already rejuvenating it again now. I must also add here, the inspiration to pen down these thoughts is to salute all that brought a value addition to my life, which includes classmates, to schoolmates, to teachers, to mentors, to parents, to writers, to actors, to thought provokers and the schooling community in general. I will realistically try to give a clear picture of my experiences through my journey in which many were a far and close part, some knowingly and some unknowingly. Also these thoughts don’t mean to hurt anyone or bring disrepute to any individual or Institution in particular or general.

These afterthoughts are compilation of events related to Studies, Sports and all related Extra Curricular Activities including some positive and some negative mix, of which I was an integral part of. At times, I fail to believe that this was me and not someone else.  But one thing is common with me that after all the ups and down which were part of me in this journey, I still somehow did manage some sort of achievements at every stage in every school and that also binds me together till date. I also feel that apart from writing for myself, am also writing for all the numerous students, teachers, mentors and parents who have felt similarly and lived a life like me or differently during those wonder years. Today touching forties and enacting these thoughts of innocence, teenage years are a challenge, which I will try to accomplish to the best of my ability.

Blogger’s Brief…  I am Manjul Thapliyal, today a Professional Business Consultant and an inclined Writer. My name Manjul means Happiness in Hindi and was born to Ms. Kusum & Col. K. N Thapliyal (Retd.) on 7th Feb 1974 in Dehradun at 11.40 AM at my Maternal Grand Parents House. My father being an officer in the Indian Armed Forces and mother a dedicated housewife, brought us up with values to have respect and equality to all class and creed. My siblings are elder brother Manish Thapliyal & younger sister Shilpa Thapliyal. Brother is a serving officer in the Army and Sister is settled in USA. Today I am 12 years Happily Married to my Professor wife Kavita Thapliyal and blessed with two loving kids & precious gems - my daughters Diya (10 yrs) & Ananya (8 yrs). My days at school were far more adventurous and always on the move, bringing with it its advantages and disadvantage. Life moved briskly and dad got posted on the job from one station to another and along with him we moved our lives from New Places, to New houses to New Schools, to New Friends, and to New Teacher. Life was on the roll but few things stayed and became a constant part in this long journey, that was learning all the way with some sweet & some sour happenings. I will try to cover all aspects of my school life highlighting the crucial, lighter, harsh, exceptional and enlightening encounters and moments which I lived with my fellow Class & School Mates, Teachers and Mentors. Hope you enjoy my sincere efforts Guys & Gals.





Manjul Thapliyal

Principal Consultant
Visions Ahead
www.visionsahead.com





Series  - 2 Coming Shortly………………

Saturday, 6 December 2014

Corporate Social Responsibility Currently Trending in the Indian Industry


Business Originates and Flourishes from within the Community thus making it Eminent to Give Back with Interest & Gratitude to the Community. 

                                                Manjul Thapliyal
                                                                     
                        


The Most Turnaround Trend in Indian Industrial CSR was the Paradigm Shift from Philanthropy towards Stakeholders active participation in shouldering Community Responsibility and Social Upgradtion.

 CSR in India has undergone a sea change today and moved ahead simply from Charity and Donations. It is drawing nearer to community development in a more structured manner. Transversely in Vast Business Structures across the country,  companies have realized that transparent dialogue and trustworthy involvement can help in promoting business standards and thus organizations need reliable pointers to promote CSR. The journey has started yet more miles to go in order to have mutual benefits all at Three levels- Company, Community & Environment.

Having a inside view of CSR perspective at pre and post Independent India, Mahatma Gandhi addressed the accomplished Business houses as Pillars of Trust holding the Wealth of the People .This was referred this time and again by him  to remind them that they have to serve a larger social purpose through their industrial wealth in independent India having seen them playing some prominent part on discourse of economic issues during pre independence. Jawaharlal Nehru’s post independence socialist era saw loads of encouragement to the private sector, along with mammoth gains for strengthening the public sector for serving the social sectors. Whereas Indira Gandhi’s regime saw more radical policies of License Raj influencing nationalization and influenced by embracing state regulations. To avoid the state influenced regulations in economic affairs policies, private industrialist resorted to implementing wide scale corporate beneficial initiatives to reflect the role of private monetary strengths in alleviating the backward social sector and contributions towards socio developments of the nation. The license Raj was dismantled by Rajiv Gandhi and Narshimha Rao due to impending crisis looking for liberalized economic reforms. These led to prevailing of free economy in the nation and increase in multinationals entering India and emergence of large global business entities. This also led to fundamental changes in the social role and responsibility of the Corporate’s in nation building efforts at the ground level, leading to a paradigm shift in their attitude towards embracing CSR in global context. Up till 1990’s the concept of shouldering social responsibilities was limited to charity or philanthropy. The entire social initiates were projected as forms of charity to reflect the virtues of the organization. large Business Houses like Modi’s, Tata’s,  Birla’s & Singhania’s  setup Trust’s to grant financial & economic benefits in recognition to worthy causes and outstanding efforts. Hordes of Hospitals, Industrial Townships, Schools & Academic Institutions were setup showcasing their Philanthropic efforts.

There was fundamental paradigm shift post liberalization from the philanthropy model being followed to the new stakeholder shouldering responsibility model in their CSR initiatives. These organizations social involvement underwent a sea change from charity and reliance towards fostering partnerships and empowerment. The spotlight in the stakeholder model focusing on employees, customers and shareholders here was on community based upliftment efforts. Organizations are  recognizing the human rights, environmental regulations, business values & ethics, corporate inputs& governance and community growth issues and are being  accountable and subjected to be measured against its Triple Bottom line (Financial, Social and Environmental Performance) against their earlier Financial capacities. This shift has resulted due to some strategic business thinking on the part of organizations who started recognizing the value of  reputation capital in context to community and market place for retaining sustainable markets. Also it became a necessity to adhere to eco social stability in order to uphold the free market economy. Corporate governance became the new mantra in the era of globalization in which transparency, accountability and social and environmental initiatives became the key aspects. Also there were multiple benefits of adhering to this model and strengthening CSR as in enhanced customer loyalty & sales, productivity, brand image & value, retention of employees, investors and support from local communities. All this led to improved financial performances which reflected in better social implications& environmental awareness also. When large transnational organizations started entering here, the initiation towards comprehensive CSR policies also started taking shape; their success showcased a rub off effect on the Indian companies as well. So competing with the global markets also made it mandatory for them to comply with entry level certification norms for responsible corporate practices like  SA 8000, AA 100 and ISO 14000 and other compliance norms for CSR formulated by OECD and UN GLOBAL COMPACT AGENCIES.











Working norms at ground level have also undergone a radical change with this industrial shift towards stakeholder centric view and the government is also taking an active part in its grooming and implementation. In respect to CSR measures in the last decade, we have seen a marked increase in organizations commitment towards effectiveness, accountability and efficiency as a whole.The focus has been on people centric initiatives and community & environmental development projects and their products and services have had a marked difference towards the targeted audiences. Perceptible changes can be seen in hosting innovative social schemes in the area of environment protection, rural, health and educational development. Also notable is support generated for protection of cultural, artistic heritage and disaster, relief management initiatives. Expertise of Manpower, Products and services apart from financial backing is needed for these Projects & Initiatives to be successfully implemented and so professionals are being sought to undertake these CSR Project in both Urban and Rural areas. Sustainable development schemes can be seen initiated like Fodder Preservation, Water Recycling, Child & Adult Literacy, Selling of High Value Cocktail of Drugs to Reduce Cost, First-Aid Vans, Mobile Hospitals, Computer Training labs, Cyclone & Earthquake Resistant Houses, Water Treatment,  Organic Farming, Afforestation  etc. Though lots of work is being done to integrate CSR initiatives into organizations core practices, there is yet loads to be achieved and innovation and technology has to play a major role. For main stream projects stricter accountable & sustainable norms have to be formulated by the government agencies with proper bench marking which is a necessity and here cross sectoral programs can also play a crucial role.. So the right way to go ahead is, short listing some relevant projects among the projected after the needed verifications. Then the planning, coordination, implementation and reporting part begins with proper supervision from all ends to ensure the success of the initiatives.

Apart from the private sector the public sector having huge corporations also plays a crucial role in the societal obligations, like aviation, petroleum, steel, mining, iron, gas, shipping, power, Transport, banks and other heavy industries. They also have a long tradition in promoting CSR initiatives and some of them for example National Thermal Power Corporation (NTPC), Gas Authority of India Limited (GAIL), Steel Authority of India Limited (SAIL) and Oil and Natural Gas Commission (ONGC) have made notable contributions. Due to liberalization policies encouraged by the government many public sector enterprises have switched from monopolistic approach to free market one in the era of intensive private competition. Some segments opposing the privatization of public sector industries argue that considering the extremely vital role played in the social context by these sectors, the changeover can be a step of gross gravity. There still  needs to be extensive research by experts on the basis of facts and empirical data’s which need to be cross examined to go ahead with such decisions. Till now their journey of dismantling quota and monopolistic regimes and transformation towards privatization cautiously has been commendable and praiseworthy.

Thus post liberalization stage has marked a new economic beginning of radical transformation in the industrial and commercial sectors in terms of CSR and its sustainability in the country. There is a dual implicated change being seen, one that has transformed the conceptual definition of CSR and secondly innovations, creativeness and transparency in its implementation levels. The concept has truly changed from charity based leanings to joint stakeholder development approach where the whole community’s well being now plays a integral role in the success of the organization, society and the country. But the real revolution has started with the implementation being taken with utmost seriousness by the companies and government by providing expertise manpower to its social efforts in addition to the financial backups for the projects. These host of services are being made flexible to accommodate most of the needs of the target communities. Today, we see a much larger and wider participative formal approach from people to enhance the society in contrast to the earlier laidback informal attitude. The standards and parameters set by the government are higher and the resolve to achieve them seems to be growing in proportion. Accountability standards have improved with CSR ratings, certifications, compliances, bench markings and regulations. While the private sector in comparison to the public sector has a edge right now but the crucial role played till now by the public sector and its vitality to the future CSR initiatives is mandatory.

 Conscious efforts should be made by the Country as a whole to participate in CSR activities voluntarily as done globally and not under pressure from the stakeholder groups. This should be in built and not pressure driven or taken as a obligation. The law and its enforcements will only provide temporary relief but inner belief and self consciousness will have the much needed far reaching effect. The resolve seems to be making progress with formalization of the CSR structures. As per data, the government apart from state level schemes is playing its part and spending around Rs 99,000 crore on 33 welfare schemes through around 15 ministries. They are setting a preset example of their resolve for the private sector as well and the private sector is responding with all guns blazing and is contributing to three pillars of CSR namely economic social and ecological viabilities with all sincerity. So the priority among them is imperatively following the sustainable CSR projects which cohesively mix their economic, ethical, philanthropic and legal doctrine. Still the gap is there between advocating and actually participating and there is a plethora of companies not meeting the said requirements. Lot is being done and further efforts towards CSR Sustainability needs more and more strengthening for a improved and vibrant Nation.


Indian values on social upliftment are well rooted and grounded. Ancient societies use to also pay social duty or charity though it was not directed as CSR but its motive was to uplift the needy and help society to grow. Social, wealth, health and environment issues have cavernous structure in the business history. Since 80’s the revolutionary approach towards industrial welfare and openness for growth and development raised the mutual understanding of India’s by 1990’s. Many organizations jointed hands with academic institutions in building collaborative consensus for building goodwill of the organizations are thus trying to produce social development. After Independence government tried to incorporate business organizations by providing subsidies and raising the rural development but all these efforts very less to document. With the emerging chance and groomed societies, organizations that were working on human resource and development were liked and appreciated by societies and they also have deep affection and trust for them, all these motivated the noble organizations to work more efficiently towards CSR. The big name that came in lime in India after Independence towards CSR was J R D Tata, who proliferate the partnership of industry and business enterprise to work together in bringing harmony and employability for society. ‘Tata Iron and Steel Company’ took the first prime initiative by discharging the role of human welfare and well being by making people aware of the power of SOCIAL RESPONSIBILITY through undertaking community development initiatives and soon other corporate’s followed suit.


CSR is becoming an integral part of Businesses today as organizations have understood that without considering the community welfare none of the organizations can grow. India Inc. is now connected to villages and GO LOCAL concepts are coming up with more synergic attitude and organizations have understood on the holistic development. With the Current Prime Minister of Rising India Mr. Narendra Modi Undertaking and Launching the “Make In India” National Program the Indian Industrial Sector is foresighted to achieve Stupendous  Ethical Growth towards Globalization.


Manjul Thapliyal

Principal Consultant

Visions Ahead
www.visionsahead.com

Wednesday, 26 November 2014

CORPORATE GOVERNANCE : AN OUTLOOK ON INDIAN PERSPECTIVES - EDUCATION


A company or organization forms the largest structure of any business scenario globally which has numerous stakeholders in its governance. Attaining higher transparency merged with integrity and accountability form the integral part of organizations philosophy on corporate governance. Policies, Procedures and systems should adhere to the best practices of able governance and satisfy expectations of the stakeholders (employees, suppliers, customers, shareholders, management) and the society. The broader principles of corporate governance should be supported by the Directors of the company’s and emphasis should be made to align actions to achieve organizational objectives.





Core Factors Influencing Corporate Governance in India:


1 Formation of Company Boards and its Ownership Structure: 

The structure of ownership defines the extent of control and management it has in the Organization. In India corporations are characterized by Public sector, Private sector and MNC Enterprises. Institutions or small investors hold shares of companies except the public sector ones, where as the bigger shareholders are more active on company boards in general body meetings and Annual General Meetings (AGM’s). The structure of the Company’s Board along with the ownership structure plays a duel influencing role in managing and controlling the organization. Establishing corporate objectives, formation of policies, strategic decision making and finalizing top managers form the core responsibilities of the board. Management’s performance also reflects on the board to enhance company’s image and safeguard shareholders interests. There are various formulations in size and structure for setting the Company Board’s like single tired or two tired boards with respect to the size of the corporation. Board members may vary from 5, 10 to even 15 in size.

 2 Formulating the Financial Structure: 

Deep implications in the quality of the company’s governance like appropriate proportion between debt and equity is reflected through its financial aspects governing the structure formulations. Financial Institutions and Lending houses lay and exercise considerable influence on the parameters that manage and control a company. They perform regular checks and control parameters of screening and monitoring the same on every stage as they have a deeper understanding of the company’s financial structure as compared to the other investors. At times banks favor long term projects against non viable shorter ones as they yield higher benefits for mutual growth. In times of financial distress also they tend to play more favorable role in comparison to others.

 3 Institutional Environment: 

The Legal and Political Regulations surrounding the Organizations parameters influence them in their operational capacities and it is reflected in its quality of corporate governance. Political Implications are imbibed in governance mechanisms in accordance with economic and legal institutions. Company Law defines the corporate control and managing criteria’s through its mechanisms. 

Ensuring Corporate Governance In India Through Diversified Mechanisms:


1. The Companies Act of 1956 – Indian Companies are regulated through this act having 658 Sections including 15 schedules, and so making it one of the biggest legislations. It confers legal rights to the shareholders for ensuring corporate governance through diversified parameters such as, by voting on every resolution placed before any annual general meeting,  electing directors responsible for policy formulation / implementation and achievement of organizational objectives, fixing remuneration of CEO / Directors, removing or dismissing the Directors, actively participating in the Annual General Meetings, formulating and implementing globally accepted corporate governance practices and compliance social norms strengthening corporate democracy, protecting interests of minority shareholders and all stake holders by providing maximum flexibility as per market needs. Important amendments among these include liberalizing  inter corporate investments and permitting the companies to buy back their shares

2. The Securities Law- The Principal security law governing the company is the SEBI Act incepted in 1992. Among the numerous initiatives initiated by the board to attend to investor’s protection is mandating information disclosures in the prospectus and the annual accounts. It strengthens the Company’s Act which on its part also rules certain standards of information disclosure and these attempts make the documents more significant. As per SEBI regulations it is also mandatory for the promoter to take a 20% stake in the capital of the company in most public issues and retain the shares for a lock in period of 3 yrs. The board has also formed a committee to underline means to promote listed companies and add to the existing standards of corporate governance. Also as per clause 49 for the finest composition of executive and the non executive directors, a autonomous and experienced audit committee be formed. Remuneration fixed for the directors, the analysis and discussion report of the management should all be part of the annual report submitted to the shareholders with a particular section adhering to the intricacies of corporate governance compliances followed included in the report being certified by the Auditor.

3. Maintenance of Discipline in the Capital Market – There are sturdy incentives for the corporate management in a healthy capital market to willingly follow transparency and get themselves monitored by external agencies to generate faith among potential and present investors. We have seen that in the past few years that though they are not legally binding, the Indian organizations are themselves complying to the international accounting and audit standards. So there has been image cultivation management by bringing in more transparency in their financial dealings and concern towards share holder’s value maximization. The capital market is regularly taking most of the micro decisions and judgments timely which is a positive sign, its success makes it a proficient allocator of the capital. So it makes sense for the regulator to pass most of the burden of implementing corporate governance to the markets and concentrate in making the markets more endearing and appealing. 

4. Nominees on Company Board – Bigger investors or Equity holders have their favored nominees in the boards of the companies who at times effectively cast their opinions and votes against policies and resolutions which don’t suit their business interests. 

5. Compliances & Statuary Audits- Auditors & Compliance Bodies are part of the mechanism ensuring good governance, acting as ethical partners of Shareholders, lending parties and other parties who own commercial stakes in the organizations. They also act as one of the corner stones through their regular and annual audits and act as means of reporting on their stewardship along with creating hindrance to financial irregularities. The checks and balances by external parties serves the objective of transparent scrutiny to their financial statements. 

6. Conduction Codes- The Board of Directors and the Chief Executive Officer (CEO) have their measuring and evaluating parameters for reporting and controls such as KPI (Key Performance Indicators) . They are based in accordance to the checks and balances required in accordance to safeguard against excessive absorption of power and at the same time enable those who are entitled to get the feedback they need to exercise their rights. The four sections that illustrate them are- Role of the Board of Directors, Role of Non Executive Directors, Executive Directors, and Financial Reporting & Controls.


Manjul Thapliyal

Principal Consultant

www.visionsahead.com


CORPORATE GOVERNANCE: A VITAL COG IN CORPORATE MANAGEMENT TO NEUTRALIZE RISK MANAGEMENT - EDUCATION



Corporate Governance implies securing the fiscal health of the organization through ably maintaining and expanding the structure base. In 1979 the word Corporate Governance originated through a series of papers published at UK’s Institute of Chartered Secretaries and Administrators, and later gained eminence in 1984 through the efforts of British Chartered Accountant and financial expert Robert Ian Tricker in his book "Corporate Governance". The broader framework of Corporate Governance includes Risk Management where Monitoring, Reporting and Comprehensive Control structure are its vital core factors. These secure and sound health directives enable the organization to follow the growth prospective positively by multiplying and flourishing through able Management guidelines.


                                    RISK MANAGEMENT STRUCTURE



























The Risk factors in an Organization include Operational Risk, Market Risks, Credit Risks and other hidden forms of Risks. There effective Identification, planning & assessment and prioritization form the crux factor of the Risk Management Team.


The Stock Market reflects sudden Market risks from volatile changes in policies, prices, indices, rates, volatilities, correlations relating to products, services and companies. It reflects the potential loss in the value of the product or organizations net worth. On the other hand Credit Risk relates to potential risk arising from the Depreciation, Decline and Disappearance of the asset values of the organization. Deteriorating creditworthiness or credibility, on and off balance sheets and defaulting on credit granted entities are its signs. Whereas Risk arising from insufficient and inefficient processes, policies, systems merged with external factors are known as Operational Risks. Then there is Social and Environmental Risk which might arise from neglect and non compliance on organization’s part in adhering to social norms where they operate.

So to avoid market & credit risk, timely assessment of all financial transactions has to be done very carefully. The Risk Management Department should priorly access risks and contain them within their framework by regularly apprising and training staff of its potential impact on the organization. All social norms and compliances should be strictly followed to avoid any natural or social calamity. For the benefits of the organization, society and country as a whole, the Corporate Social Responsibility initiatives and its Sustainability measures should be seriously followed.

Thus Corporate Governance and Risk Management are interrelated closely. Companies imply different strategies to achieve their objectives and almost all of them have some minimal or maximum risk factors. These have to be carefully studied, managed and aligned with the Organizational goals without disturbing the equilibrium. Adhering to sturdy Corporate Governance Guidelines which focus on the impending risks through Risk Management Scrutiny is the Winning Mantra.


Some Golden Corporate Governance Tips  For Sustainable Growth To Be Incorporated With The Risk Management Initiatives.


1 Policies relating to achievement of short term goals relating to spurt in increase in prices of stocks should be discouraged.

2 Long term value creation strategies should be promoted & merged with effective compensation plans after carefully monitoring the deceptive incentive risks.

3 Have a Competent Risk Management Team, Systems and Plan ready to counter the unseen and excessive risk parameters and give the diverse team authority to access the Risk Profile of the Organization.

4 Promote flourishing of Performance linked with Integrity Culture.

5 Strict Adherence to all the  Monitor Procedures & Processes relating to Risk Management through Internal Controls and implement “Tone at the Top” policy as far as frauds, malpractices and unethical practices are concerned.

6 Closely & Constantly Integrate Governance, Management, Strategy and Risks.

7 Use Transparent measures and share vital information among colleagues by educating them about risk factors and enabling them taking wiser decisions during Work, Voting and Investment Procedures.





Manjul Thapliyal

Principal Consultant

www.visionsahead.com