The second talk was on aIT Industry Overview a Significance to Corporate Governancea by Mr Ashank Desai a Founder Mastek and Founder member of NASSCOM. He spoke about the changing IT conditions and thus leading to the changes to the way corporate governance is exercised. IT industry has evolved from a business-to-business model to a person-to-business model. And the only way to ensure growth in such a fiercely competitive industry is to have strong corporate governance in place.
The next speaker was Mr Kamlesh Vikramsey, a partner in Khimji Kunverji & Co. Mumbai. He spoke about financial reporting intricacies, the players involved in corporate governance and the frauds that have occurred throughout history. In the aftermath of the Satyam debacle, he spoke about the responsibilities of the CEO, CFO and the COO towards Corporate Governance as well as the executive and non-executive directors. He next addressed the role of the Board of Directors and their accountability to shareholders. He also spoke about the aconflict of interesta issues that need to be handled by the board.
From corporate governance, the conference shifted to corporate spirituality, with a session by Swami Shri Bodhamayananda Ji. Swami Ji has been with the Ramakrishna mission since 1984 and has to his credit around 430 workshops on personality development, management, etc., covering 52,000 students, faculty and others. With quotes of the great Swami Vivekananda, Swami Bodhamayananda Ji spoke about the evolution of humankind, and how nature has been explored as well as exploited. He mentioned the fact that many corporate today look out to visionaries like them, to spread spirituality and help them achieve happiness. Swami Ji spoke of the need for a guiding light within the untrained mind. Explaining the difference between religion and spirituality, Swami Ji said, aA religious man looks for a list of Dos and Donts from God, but a spiritual man doesnat rest until he has god himself.a