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“Making Boards Effective & Expanding Business Globally” Institute of Directors (IOD) hosted Directors’ Conclave


New Delhi, August 19, 2017: The Institute Of Directors, India hosted a unique DIRECTORS’ CONCLAVE on the theme of “Making Boards Effective and Expanding Business Globally” at Hotel Le Meridien, New Delhi on Friday, 18th August, 2017. A galaxy of eminent experts and speakers addressed the gathering, including  J. K. Dadoo IAS, Addl. Secretary & Financial Advisor, Ministry of Commerce, Suman Saxena, Whole Time Member, Insolvency and Bankruptcy Board of India, Vijay Karia, Chairman and Managing Director, Ravin Group (Bombay) and Varsha Joshi, IAS, Secretary Power, Transport, GAD and Tourism, Govt of NCT Delhi, Dr Bhaskar Chatterjee, IAS (Retd.), Former Director General & CEO, Indian Institute of Corporate Affairs, James David Bernard, Director - Business Development, DMCC – Dubai, and Atheeqe Ansari, Director - Emco International, DMCC – Dubai and many more.

The coveted Golden Peacock Award for Leadership in Economic Transformation has been conferred on Shri Amitabh Kant, IAS, Chief Executive Officer, NITI Aayog, Govt. of India. And, IOD Distinguished Fellowship 2017 has been conferred on Dr. (Mrs.) Aruna Sharma, IAS, Secretary- Steel, Govt of India, Dr. S. K. Pattanayak, IAS, Secretary, Dept. of Agriculture and Co-operation, Govt of India and Ashish K Chauhan, MD & CEO, Bombay Stock Exchange.

During his acceptance speech, Niti Aayog CEO Amitabh Kant said “India has huge opportunity to go in for sustainable urbanisation. Urbanisation process has ended in the US, Europe and has almost been completed in China and that India can learn from these examples to go in for sustainable urbanisation. When we start the process of urbanisation, we have the possibility of doing a lot of innovative and sustainable urbanisation. We need to create cities which are compact, low polluting, which recycle water, which recycle waste. So, there is a huge opportunity for all of us to do sustainable urbanisation and create a model for the rest of the world."

There have been many attempts to understand the complex changing world of boardroom, and to determine what makes an ‘Effective Board’, particularly in the aftermath of a number of recent Indian boardroom failures. The Conclave deliberates on these challenges, and on how to improve the effectiveness of boards. India has also moved to the forefront of Corporate Governance reforms with launch of Insolvency and Bankruptcy Code, 2016. Companies are responding by undergoing a strategic rethink, and boards are enhancing their corporate strategy to significantly enhance Board effectiveness.

During his keynote address, Gautam Sashittal, CEO, Dubai Multi Commodities Centre (DMCC), U.A.E. said, “Change has never been this fast and will never be this slow.  Climate change is also affecting unprecedented changes in technology. Opportunity and threat of cyber media is endless and the boards have diversity to tackle these challenges. Boards must be prepared to expect the unexpected but in the end the rules of the government have not changed.”