The Indian Institute of Corporate Affairs (IICA) organised the Orientation & Learning Summit for Independent Directors of CPSEs on 5th and 6th October in New Delhi — under the aegis of Department of Public Enterprises (DPE) and with the knowledge partnership of Capacity Building Commission (CBC).
The summit opened with addresses from Shri Praveen Kumar, Director General & CEO of IICA; Shri Animesh Bharti, Economic Advisor, DPE; Dr. Anup K. Pujari, former Secretary, Government of India; and Dr. Niraj Gupta, Head of the School of Corporate Governance & Public Policy, IICA. The inaugural addresses stressed the need for a more proactive role of Independent Directors on CPSE boards for their good governance practices, better performance, and enhanced contribution to the national developmental goals.
The summit covered various facets of board governance. Attendees explored the nuances of board governance, the effectiveness of Independent Directors in CPSEs, their roles in CSR and Audit Committees, and delved into the regulatory framework surrounding their responsibilities. Interactive panels, open houses, insights into board meeting preparations, and an exploration of board dynamics versus management relations were also discussed as per agenda.
Other eminent speakers include Dr. Bhaskar Chatterjee, former Secretary, Govt. of India; Nawshir Mirza, professional Independent Director; Anupam Kulshrestha, former Deputy CAG of India; Dr. Anil Kumar, Independent Director, Life Insurance Corporation; and Dr. Anil Khandelwal, ex-chairperson, Bank of Baroda.
(With Inputs from PIB)