IICA conducts Orientation and Learning Summit for Independent Directors of CPSEs in New Delhi

The Indian Institute of Corporate Affairs (IICA) organised the Orientation and 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 began with remarks from Shri Praveen Kumar, Director General and 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 and Public Policy, IICA.

The inaugural addresses emphasised the importance of Independent Directors on CPSE boards taking a more proactive role in order to improve governance practises, performance, and contribution to national development 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.

As part of the agenda, interactive panels, open houses, insights into board meeting preparations, and an examination of board dynamics versus management relations were all discussed.

Dr. Bhaskar Chatterjee, former Secretary to the Government 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 are among the other distinguished speakers.