The Confederation of Indian Industry (CII), Indian School of Business (ISB) and GE have joined hands to launch an executive education course, a programme aimed at positioning and enabling compliance professionals as strategic business partners. This Compliance Management programme will provide essential skills to managers to support Indian companies in implementing compliance norms to advance corporate governance, growth and sustainability in the economy. This unique partnership will provide both public and private sector participants an opportunity to experience and interact with each other, with local and global subject matter experts, understand the underlying challenges in the space as well as better appreciate global best practices.
Currently, India ranks No. 130 out of 189 countries on the ease of doing business as per a World Bank Report and No. 76 out of 168 in 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 Indian industry to be more competitive and compliant. GE which has a reputation of being a leader in compliance and has won the Ethisphere award for one of world's most ethical company for 10 years in a row will provide technical content and practical industry expertise and experience. ISB, a premier management institute that has set new benchmarks of 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 initiative, Dr. T. M. Bhasin, Vigilance Commissioner, 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) & 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-phased programme is scheduled to commence in July 2016, and will include ten days of classroom at the Mohali and Hyderabad campuses, 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
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