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CNBC and SAS touch upon 'Corporate Governance' issues

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MUMBAI: CNBC-TV18 and the SAS Institute Inc organised an interactive panel discussion on Corporate Governance: The Cornerstone of an Intelligent Enterprise in Mumbai on 9 December.

In the 21st century, Corporate Governance is one of the crucial parameters that investors consider, before investing in the shares of any organisation. Implementing good strong Corporate Governance practices has therefore become a priority for many companies.

SAS senior vice president and chief marketing officer Jim Davis said, "Corporate Governance is often confused with Corporate Compliance. Both of these are very distinct and definitions of Corporate Governance are often misleading. Good corporate governance is the lens through which a stakeholders, customers and suppliers of a company view a company."

SAS chief executive officer Jim Goodnight, who was the Guest of Honour for the discussion said, "Cost should not be a constraint when implementing systems for good governance because more knowledge at a CEO's fingertips is always an added advantage for the organisation."

Eminent personalities like Oriental Bank of Commerce chairman and managing director B D Narang, Deutsche Bank chief country officer Gunit Chadda, Tata Sons executive director R Gopalakrishnan, Pfizer India executive director (finance) Keval Handa, AV Birla Group chief financial officer DD Rathi discussed how prudent investment in advanced technology could be used to make a real difference to a company's bottomline.

Speaking at the discussion, a CNBC-TV18 spokesperson said, "Corporate Governance is a systemic process by which companies are directed and controlled to enhance their wealth generating capacity. Since large corporations employ vast quantum of societal resources, the governance process should ensure that these companies are managed in a manner that meets stakeholders aspirations and societal expectations. CNBC-TV18 has brought together eminent executives from top organisations to highlight the fact that good corporate governance is possible only with a strong and decisive top management, and we believe this is possible only if they have the right information at their fingertips. Hence the route to success for any organisation is to invest in the right technology that gives the Right Information, at the Right Time, to the Right Person."

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