Golden Jubilee Celebration of the Institute of Company Secretaries of India.

Company Secretaries have to respond efficiently and holistically to all the challenges and opportunities- Governor.

Bhubaneswar: The Odisha governor, Dr. SC Jamir, Wednesday said that businesses need an ethical corporate culture, including the ability to look beyond short-term gains for the long-term interests of stakeholders. Asserting that companies must have three things- openness, integrity and accountability, he said these values will help to drive companies forward.

Dr.Jamir, while inaugurating the golden jubilee celebration of the Institute of Company Secretaries of India (ICSI), here, said the importance of dedicated professional services is undeniable in realization of the true essence of government initiatives in promoting empowered governance on an expanded realm of welfare platforms for the larger good of the people. Good governance must be looked at the holistic level for inclusive development of the country aligning the global parameters, he added.

The challenge for company secretaries in this millennium is to rise and meet the increasing expectations of their evolving role, said the governor. He observed that the scope of being company secretary is increasing year by year due to factors like expansion of corporate sector within and beyond the borders, emergence of new corporate entities, e-Governance, new emphasis on corporate governance has further compelled the companies to develop systematic and procedural aspects to ensure statutory compliance and at the same time establish extended governance practices thereby creating a high demand for company scretaries.

ICSI Bhubaneswar chapter chairman Priyadarshi Nayak, secretary, RK Kar, and member Devika Panda also spoke on the occasion.