The Road Ahead for Corporate Governance


In recent times, many cases have come to light where stocks of companies were hammered in a short span of time. Banking and Financial Services sector, IT majors and even a few conglomerates have been all over the headlines throughout the year. Companies like Infibeam, PC Jewelers, Nirav Modi, Fortis, and even stocks of Infosys and Tata group companies were not spared. Reputed financial institutions like ICICI have been accused of allowing transactions which were not in the interest of the bank’s profitability. In case of Infosys, institutions were even worried that the board was allying with the founder-promoters rather than focusing on the shareholders. A common thread between all these events was ‘Weak Corporate Governance’. The vicious cycle which starts with weak corporate governance ultimately ends with the director stepping down from the board. The same has been seen in cases where, as a corrective measure, the RBI had refused to extend the tenure of CEOs.

Corporate governance is all about ensuring that the company’s management is acting in the interest of the shareholders. However, there are many challenges that are prevalent. Firstly, independent directors have failed to make their mark as they are easily pressurized by the majority shareholders and the last thing they want is to be seen as troublemakers for the management. Secondly, institutional shareholders have not been very assertive on the boards. Thirdly, proxy firms are yet to take off in India and a handful of proxy firms, at best, play the role of a sounding board for shareholders. Lastly, managements have not really given much thought to corporate governance, since there is no direct correlation between corporate governance standards and the market value of the stock.

The entire scenario boils down to the following questions: Is there a need for a central regulatory authority to oversee corporate governance issues? Does the board perform in the larger interest of the shareholders? Are the independent directors actually non-partisan? Do the companies have adequate risk management systems in place? What should be the board’s approach towards CSR? It is to address these issues, with the aim of obtaining solutions to these questions, we look forward to SIM’ergence ’19.

Get then on your terms!


Being a fruitful key mediator requires determined personal responsibility, alongside an overwhelming portion of camouflaging. Or on the other hand so go the typical presumptions about arranging. Individuals sense that to win, they should assume a specific job—like great cop/terrible cop — or essentially be the title after their name (administrator, business person, sales representative). In any case, imagine a scenario in which you could make better outcomes, increment esteem, and reinforce connections just by acting naturally.
Being your certified, incorporated self while arranging isn’t simple.
Separating the dividers between the jobs you figure you ought to and shouldn’t play in business implies coordinating the horde jobs — the expert and the individual — you go up against throughout everyday life: official, business person, legal counselor, parent, life partner, competitor, companion, and incalculable others. This methodology isn’t just about making you increasingly agreeable when you arrange (despite the fact that that happens as well); it’s tied in with taking advantage of a plenitude of assets and creating more noteworthy esteem. By arranging really:
You’ll upgrade your inventiveness. In being authentic, you approach a more extensive collection of learning and insight. Joining and incorporating your different jobs starts new examples of musings, sentiments, and viewpoints. This energizes your inventiveness and capacity to discover imaginative arrangements, since you’re never again obliged by the experience of a solitary job. Maybe the answer for a testing merger isn’t found in your official tool kit yet in, state, your experience as a specialist, tending to tables as an understudy, or a circumstance you experienced on a movement experience.
You’ll exhibit special and ground-breaking qualities. Each job you play in life brings out various qualities and capacities. You might neglect these when you’re in a business setting. For instance, as a soccer mentor, you might be quiet with a tyke when she commits an error, yet at work you may expect that such persistence and comprehension would depict you as too delicate a pioneer. Turn this on its head: your qualities of tolerance and comprehension might be actually what you have to effectively consult with somebody who needs a raise, or to convey somebody around who has neglected to meet an undertaking due date.
You’ll line up with your ethical compass. Your qualities win all through work. In an arrangement, you may feel compelled to settle on a specific choice since it is the means by which individuals “play the diversion.” However, the choice and its results may struggle with your morals. One approach to consider it is whether you are a similar individual Monday morning at work as you were throughout the end of the week at your neighborhood grill. This sort of reflection can secure and enable you. By staying tuned to the majority of your qualities, you’ll perceive when clashes emerge. At that point you’ll have the capacity to reassess and reestablish your trust in encircling a reaction that you have faith in. 
 
You’ll have the capacity to accomplish your objectives and construct key connections. When you enter an arrangement, either speaking to yourself or your association, you have an objective; in this way, obviously, does your partner. Also, you require each other to accomplish your objectives. In its embodiment, arrangement is as much about collaboration for what it’s worth about rivalry. Instinctively, individuals think about these as fundamentally unrelated — it is possible that you participate or you contend — or at most as consecutive methodologies: first you collaborate; at that point you contend. Arranging really enables you to acknowledge the intrinsic pressure in at the same time collaborating and contending. For instance, you and I connect the cost of an item you are pitching to me (where a dollar you gain is a dollar I lose) to an activity that conveys more an incentive to one of us (painting the white item blue may bring about a slight expense to you, however have enormous incentive to me). In the event that together we go blue, I am sharing a portion of that esteem by paying you a more expensive rate. We are coordinating to go blue while contending on the most proficient method to separate the relative benefits blue produces. Furthermore, recognizing our opposition while seeing each other as authentic accomplices fortifies our relationship. 
 
Being your certifiable, incorporated self while arranging isn’t simple. You are adapted to be one individual at your morning group meeting, another with your governing body, but then another at home. Like most profitable interests throughout everyday life, incorporating your jobs at work and in your own life takes discipline and has enthusiastic underpinnings. These feelings can work for you when you consult from the back to front. Being authentic methods you get the chance to be the best you, understanding more noteworthy accomplishment on all dimensions — money related, individual, and expert.

MRUDGANDHA


The Student Social Responsibility Committee brings to you our new initiative ‘MRUDGANDHA’, with the theme of “Attaining Equalities”.

This year we have partnered with TEACH (Training & Education for the Hearing Impaired) – an NGO which was established with an aim to ensure equal and comprehensive post-schooling educational opportunities for the hearing impaired.

TEACH

Training and Educational Center for Hearing impaired (TEACH) is a registered not-for profit organization that has created a facility of Higher education for the deaf & also initiated a School Transformation Project for the schools for deaf in Mumbai. TEACH was founded in 2016 and since then enabled a substantial number deaf children to attain education.

Vision – Outreaching Education

TEACH aims to be a Model Institute for Deaf children in India, where a deaf child is empowered with skills and knowledge to become self-dependent.

Project Outline

TEACH has designed two programs under its educational umbrella. The core program is a “Higher Educational Institute” and “School Transformation Project” is a facilitator to its Higher Education.

  • Higher Educational Institute: TEACH is a pioneer in setting up a higher educational institute for deaf in Mumbai. Among the other NGOs working in higher education space, TEACH has the highest number (71) of students in its facility and that’s only because of the focus on “Overall Development”. TEACH operates in two locations, Kalina (Mumbai) and Seawoods Darave (Navi Mumbai).

Features of Higher Educational Institute:

  • Specially designed curriculum of English and Math for deaf children

Heart vs Brain


The conflict between my heart and my brain….
The most satiated person on this planet is the one who has both her/his heart and brain functioning in sync and in complete harmony with each other. It becomes extremely difficult to live when your mind doesn’t comply with your heart.
My brain has been hardwired to make me live like everyone else; my heart, on the other hand, realizes that I am a different person.
My brain wants to follow the culture that has been set; my heart understands that the ones who set the culture were nothing more than what I am.
My heart wants to experience every emotion before it stops beating; my brain, however, wants to play it safe.
My heart makes me feel like a human, my brain…like a machine.
Irrespective of all this, it is my brain because of which I am surviving in this society of people with similar thoughts. Most of the decisions in my life were taken by my mind, rather disappointing my heart.
But today, I listened to my heart. Although, my brain tried its best to stop me from writing on this topic and not letting anyone know about the fight between the two, I am extremely glad that my heart won!
 On the occasion of World Mental Health Day, I would like to add that all of us at some point of time must have been through this conflict but it’s better to speak up and let everyone know the state of your mind because…. It’s okay to not be okay!!!

Making of a successful event


What all factors contribute in the making of a good event? Let’s have a look from the perspective of a first time event host.
Any event starts with a vague idea which is an amalgamation of thoughts of the team members about what the event should be like. With discussions and brainstorming, this idea is shaped into a ‘problem definition’ (in management terms) with a well defined scope(time, involvement, preparation, participation, etc.)
Though the ‘problem definition’ seems quite complex at first glance, when broken into smaller tasks, everything seems manageable.
One of the most important aspects is to gauge the core competencies of the team members and to distribute the tasks accordingly.
While working on the individual tasks, ensuring coordination among the team members is a must.
During preparation, several internal or external factors could hamper the progress. But, with determination and teamwork, anything can be achieved!!
With an amazing team like the Events Committee and with the support and guidance of the seniors, I would say it is not very difficult to host any event.

Convergence a case study competition


Convergence a case study competition
Sydenham Institute of Management Studies, Research and Entrepreneurship Education organized Simerations’13- an Inter-college Annual Management cum Cultural festival. The 19th edition of SIMERATIONS’13 – A management and cultural festival was the ultimate platform for India’s youth from the prominent graduation colleges to showcase their acumen in a variety of management, Sports, Cultural and Literary events. It was held for 3 days i.e. on 20th, 21st and 22nd September 2013
During this festival, SIMCON – SIMSREE Consulting Club in association with “Benchmark Six Sigma” organized an event CONvergence- an Inter B school case study competition.

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FISCUS ’13


FISCUS 2013 : India and China – The New Torch Bearers of World Economy

5th October 2013 is a date that all SIMSREE students will remember for a long time. Through FISCUS ’13 – the annual financial summit of the institute – it was an honor and a privilege to have with us the stalwarts of finance in the corporate world. The theme for this year’s FISCUS was ‘India and China: The new Torch Bearers of World Economy’.

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ZENESYS Workshop By Mr. Karan Ahuja


On 25th July, 2013 SIMCON in association with ZENeSYS learnings Ltd. arranged a consulting induction program for junior batch. Students also appeared for a “consulting fitment test” a day prior to the session which gave them a basic idea about their inclination towards different types of consulting.

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