Friday | Feb 23, 2024 | 0900 - 1800 hrs. (IST)
Jio World Convention Centre, BKC, Mumbai
Mitigating Risk Through Effective Corporate Governance
Development Commissioner (Industries) & Chairman (MAITRI)
Maharashtra Industrial Township Limited (MITL)
Former Chief Secretary
Government of Maharashtra
Blue Dart Express Ltd.
Shriram Rubber Products Pvt. Ltd.
CEO – IRM India Affiliate
Corporate Law Advisor
Economist & Independent Director, IDFC First
Sr. VP & CHRO
63 Moons Technologies Ltd
CEO & Partner
Rockfort Advisories/ Certified Independent Director
MZM Legal LLP
Non Executive Director
Ujjivan Small Finance Bank & Xander Finance Pvt. Ltd
Former Finance Director
Hindustan Petroleum Corporation Limited
MSME Bharat Manch & Founder & CEO
RupeeBoss Financial Services Pvt. Ltd.
Founder & CEO
CFO & Executive Director (South Asia)
Director - Strategies & IT
Basiz Fund Services
Chief Human Resources Officer
Mentor & Advisor to early stage entrepreneurs
Chief General Manager
In the highly dynamic corporate ecosystem of India, success depends on a diverse set of complex factors, with physical, financial and tech infrastructure playing a pivotal role. Aspects like transportation, energy and technology are the key enablers that foster innovation, employment and societal progress, in turn driving economic development. It is in this context that the investments in these sectors become the bedrock for improving the overall quality of life and ease of doing business through its multiplier effect on the growth figures. The benefits of a robust infrastructure extends way beyond than just attracting investments; it also facilitates movement and establishes the foundation for resilience, making infrastructure firms indispensable for a thriving society. This can be substantiated by the estimates provided by the World Bank, wherein it has been established that a 10 percent increase in infrastructure assets directly translates into a 1 percentage point rise in GDP.
India’s overall infrastructure assets have been on the upswing in the recent past with newer and path-breaking projects enhancing India’s business perspective and profile. Considering the scale and scope of emerging infrastructure projects in India, there is a strong case for embracing risk management for future projects. A strategic approach, from capital structuring decisions to risk management, is imperative for sustainable growth and a competitive edge in the domestic as well as the international market.
It is essential that in the process of mitigating risk, India’s corporate ecosystem comes up with an ingenious approach to navigate the challenges posed by its corporate financial landscape. At the same time, rapid technological advancements and global uncertainties have meant that foresight and resilience have become the indispensible variables in deciphering business growth prospects. This adoption of a forward-looking risk management approach empowers businesses to be flexible and thrive in the face of uncertainties, ensuring long-term viability.
A major stakeholder in India’s growth story is the Micro Small and Medium Enterprises (MSME) and in this regard it is imperative that government and large corporations come up with policies and packages that can help them thrive in challenging times. Role of Finance and banking policies also become very crucial as they provide vital support, fostering entrepreneurship, creating jobs, and contributing significantly to economic growth. The central fulcrum for these policies to be conceived and reach fruition is the boardroom and the leaders who partake in its operation. A well-functioning board, equipped with diverse skills, ensures effective decision-making and strategic planning. Efficient board committees, like audit, compensation, and nomination and remuneration committees; promote transparency, accountability, and ethical practices, crucial for building trust in Corporate India. All this culminates into good corporate governance practices which subsequently will add value to the overall growth and development story of India.