Mumbai, June 14, 2016:
The Confederation of Indian Industry (CII), the Indian School of
Business (ISB) and GE have joined hands to launch an executive education
programme aimed at positioning and enabling compliance professionals as
strategic business partners.
This
unique partnership will provide public and private sector participants
an opportunity to experience and interact with each other apart from
subject matter experts to understand and the underlying challenges in
compliance management and thereby upskill
their ability to advance corporate governance in Indian corporates.
This gains significance in the light of a World Bank report that ranks
India at 130 among 189 countries on ease of doing business and 76 among 168 countries on the Corruption Perception Index.
With
two leading partners in the field of education and compliance, CII took
the lead by recognizing the need for formal instruction on topics
related to ethics and compliance as per the recommendation by its
National Committee on Integrity & Transparency in Governance to
assist the Indian industry to be more competitive and compliant.
GE
defines and measures corporate ethical standards, recognizes companies
that excel, and promote best practices in corporate ethics, for 10 years
in a row, has a reputation of being a leader in compliance
management. It will provide technical content and practical industry
expertise and experience for the Progarmme.
ISB,
a premier management institute that has set new benchmarks in executive
education in India will augment the course with its excellent
management faculty as compliance officers step up to take their place as
senior management as part of its Centre for Executive Education (CEE)
portfolio. The faculty will consist of eminent academicians, legal and
compliance experts and industry, both local and global.
Congratulating the three institutions for launching the initiative, Dr. T.M. Bhasin,
Vigilance Commissioner in the Central Vigilance Commission (CVC), said,
“As India strengthens its position in the world economy and becomes an
important destination for international players, it will become
important to highlight adherence to global norms, strong corporate
governance and transparency in daily functioning. This programme can go
on to play a pivotal role in that journey. I congratulate CII, GE and
ISB in their attempt to step forward and champion this cause.”
Announcing the collaboration, Dr. Naushad Forbes, President, Confederation of Indian Industry (CII) and Co-Chairman of Forbes Marshall, said, “The
business environment in India is undergoing a significant
transformation characterized by increased regulatory enforcement,
government scrutiny and market uncertainties. Therefore, more than ever
before companies are expected to adhere to the highest standards of
corporate governance by shifting focus on ensuring long term
sustainability. The CII National Committee on Integrity &
Transparency in Governance is focused on promoting the agenda of ethical
business practices. We believe that companies will benefit immensely
from the Compliance Management Programme by equipping their management
with the skills and exposure to establish and develop necessary norms
that will improve ethical practices and transparency in business.
Professionals who undertake this course and apply the learning outcomes
will take themselves and their organizations one step closer to becoming
good corporate citizens.”
The
‘Compliance Management Programme’, is a two-phased 10-day long
programme aimed at providing participants with proven practical tips and
techniques on how to best convert theory into practice and ensure
ethical and compliant behavior in their respective companies. Besides
theoretical discussions and lectures, the Compliance Management
Programme includes practical sessions such as case studies, simulations
and exercises which will provide participants with the wherewithal to
understand the elements of an effective compliance program and the
considerations to be mindful of while implementing the same.
Commenting on the MoU signing, Professor Rajendra Srivastava,
Dean, ISB, said, “In an increasingly complex and dynamic business
environment where corporate decisions are in the public and global
scrutiny, the requirement for good corporate governance, and its impact
on business performance among Indian corporates has never been greater
than today. However, while ethics forms a portion of the management
education curriculum, few programmes exist that assist company
management design policies and processes to ensure ethical and fair
business practices. We at the ISB are pleased to offer just such a
programme in partnership with CII and GE, which will help transform the
way businesses are run in India. The course is perfectly aligned to
ISB’s goal of balancing theory with practice and imparting education
that will impact scholarship, practice and policy. We firmly believe
that participants of this course will, in the years to come, contribute
significantly in turning around the global perception of doing business
in India.”
Sharing the industry perspective, Mr. Banmali Agrawala,
President & CEO, GE South Asia said, “GE has built its reputation
as one of the world's most admired companies and has been consistently
ranked as one of the most ethical companies. Companies that build
credibility with customers and government are ones which not only
deliver on quality and financial performance but also on corporate
governance and ethical business practices. GE has always actively
promoted the creation of a fair and ethical business environment amongst
all its stakeholders and is delighted to partner with CII and ISB to
offer this programme. I hope that the participants define and advance
the agenda of ethical business practices in the country.”
Who will benefit from the Compliance Management Programme?
The
Compliance Management Programme is designed for professionals from
functions such as human resources, company secretaries, finance,
quality, legal, regulatory, environment health and safety in a variety
of industries especially SMEs and suppliers to global programmes,
pharmaceuticals, IT companies, growth phase startups.
About the Compliance Management Programme
The
‘Compliance Management Programme (CMP)’ is designed to address the
learning needs of professionals who have or aspire to have compliance
responsibilities in organizations. The programme is comprehensive blend
of courses in functional compliance skills, business acumen, leadership
and behavioral subjects, which will help participants in understanding
compliance in their organization’s business/operations; help gain
leadership and communication skills to push the compliance agenda
internally. The courses will be taught by globally renowned faculty from
ISB with experienced industry practitioners and consultants.
The
two-phase programme is scheduled to commence in July 2016, and will
include ten days of classroom training at the Mohali and Hyderabad
campuses of ISB, interspersed with self-study and practical projects.
The ISB is offering the course at a competitive price of Rs. 2, 25,000
per participant plus service tax, for the inaugural batch, thanks to the
support from GE India. For more information – www.isb.edu/cee/CMP or email to ExecEd@isb.edu
About Indian School of Business:
The
Indian School of Business (ISB) is a global Business school offering
world-class management education across its two campuses – Hyderabad and
Mohali. The School has grown at a rapid pace over the twelve years
since its inception and already has several notable accomplishments to
its credit – it is the youngest school ever to consistently rank among
the top Global MBA programmes, the first institution in South Asia to
receive the prestigious AACSB accreditation, one of the largest
providers of Executive Education in Asia, and the most research
productive Indian management institution. A vibrant pool of
research-oriented resident faculty, strong academic associations with
leading global B-schools and the backing of an influential Board, have
helped the ISB fast emerge as a premier global Business school in the
emerging markets. For more details visit www.isb.edu
For further information, please contact:
C. Chitti Pantulu | Meghana Bangalore
Indian School of Business | Adfactors PR, Mumbai
+91 40 2318 7439 | +91 9819120245
Indian School of Business | Adfactors PR, Mumbai
+91 40 2318 7439 | +91 9819120245
Warm Regards,
Ambika TM
Senior Account Executive, Financial Services
Senior Account Executive, Financial Services
M: +91 99206 76627
T: +91 22 67574444 Ext : 292
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