When Prof BR Natarajan President – Vice Chancellor Sangam University introduced Mr K Shankar to the audience, he was welcomed with a thunderous applause. The highlights of the talk included Evolution of Governance from Chanakya’s Arthasastra and its extension to Corporates; interpretation of Corporate Governance as per Adam Smith’s Wealth of Nations & OECD and Central Vigilance Commissioner – CVC October 2007; Gandhian thoughts on Corporate Governance; need, roots and approaches for corporate governance; stakeholders involved in corporate governance; and Shell Triple Bottom-line theory.
Mr Shankar also discussed salient features of Cadbury committee December 1992 report; Greenbury Committee July 1995 report; Hampel Committee January 1998 report; SEBI code 2000; Sarbanes Oxley Report 2002; Naresh Chandra Committee 2002 Report, Narayanamurthy Committee Report 2003; Clause 49 Corporate Governance on Board of Directors, Audit Committee, Remuneration of Directors, Board Procedures; analysis of Satyam fraud as well as loopholes in Clause 49. The talk was followed by a question answer session after which Prof Natarajan presented a memento on behalf of the university to Mr Shankar.
About Sangam University: The Institution supported by Sangam Group of Industries Bhilwara which is one among the top ranking corporates in India today with business interests spanning textiles, steel, infrastructure, power and energy has been established by Govt. of Rajasthan Act No. 14 of 2012 incorporated u/s 2(f) of UGC Act 1956. It's a matter of pride that the one year young Sangam University has a ten year old legacy with ITM established in 2003 as its foundation. For more details see http://www.sangamuniversity.ac.in