Role of Professionals In Providing Total Compliance Solutions

• 1. Total Compliance Solutions Role of Professionals Pavan Kumar Vijay In providingBy

2. A famous quote

• Every RIGHT implies aRESPONSIBILITY ;

• Every OPPORTUNITY , anOBLIGATION ;

• Every POSSESSION , aDUTY .

• - John D Rockefeller Jr.

3. RESPONSIBILITY OBLIGATION DUTY Compliance of Rules, Regulations & Laws of the Land CORRESPONDS TO 4. Compliance of Rules, Regulations & Laws of the Land Good Corporate Governance 5. Management Perception

• Most of us can read

• the writing on the wall;

• We just assume its

• addressed to someone else.

• - Ivern Ball

6. Role of ProfessionalsTOCHANGE THEMINDSET 7. To let management understand

• Outstanding Performance,

• Higher Profits,

• Expanded Market Reach and the like

• FAILS

• to protect a company

• which has put good governance & ethics

• at the back burner

• Example ENRON, WORLDCOM, ADELPHIA, TYCO

8. Only the culture ofStrict adherence to Good Governancecan keep a companyAhead on sustainable basisExample INFOSYS, MICROSOFT, RANBAXY, DABUR 9. Designingeffective & user friendlyCOMPLIANCE MANAGEMENT SYSTEM to lay down strong foundation forGOOD GOVERNANCE 10. IMPLEMENTING EFFECTIVECOMPLIANCE MANAGEMENT SYSTEM 11. Professionalneed toAnalyze &Understand. 12.

• Different Corporate Structures

Public Sector Undertakings Private Limited Companies Trusts And NGOs Coop Societies AndProducer Companies Municipal Boards Semi-government Organisation Unlisted Public Companies Listed Public Companies 13. Different Scale of Operations SMALL SCALE MEDIUM SCALE LARGE SCALE 14. Different IndustriesMedia AndEntertainmentInfrastructure,Power And Telecom IT Solutions IT EnabledServices And BPO Textiles Tourism And Hotel Capital Market AndIts Intermediaries Engineering andConstruction FMCGAgriculture And Food ProcessingCapital GoodsDrugs, PharmaAnd Healthcare Banking And NBFC Financial Services 15. 16.

• COMPANY POLICIES

OPERATIONAL PLANNING AND EXECUTION BOARD OF DIRECTORS CORPORATE PLANNING LEGAL FINANCE AND ACCOUNTS HUMANRESOURCES CORPORATECOMMUNICATION PRODUCTIONAND OPERATIONS MARKETING INFORMATIONTECHNOLOGY DEPARTMENTS IN A COMPANY EXTERNAL STAKEHOLDERS INVESTORS GOVERNMENT AND REGULATORS SOCIETY SUPPLIERS CUSTOMERS LENDERS DIR A DIR B DIR C DIR D DIR E 17. Every Company Needs a Person to

• Coordinate between various departments and all stakeholders,

• Ensure compliance of all applicable laws and

• Develop mutual trust between various stakeholders

• The person must have adequate knowledge of management and law

18.

• COMPANY POLICIES

OPERATIONAL PLANNING AND EXECUTION BOARD OF DIRECTORS CORPORATE PLANNING LEGAL FINANCE AND ACCOUNTS HUMANRESOURCES CORPORATECOMMUNICATION PRODUCTIONAND OPERATIONS MARKETING INFORMATIONTECHNOLOGY DEPARTMENTS IN A COMPANY EXTERNAL STAKEHOLDERS Professional Principal Officer of the Company DIR A DIR B DIR C DIR D DIR E INVESTORS GOVERNMENT AND REGULATORS SOCIETY SUPPLIERS CUSTOMERS LENDERS 19. 20. 21. 22. 23.