EIRC of ICSI, Thought Exchange Forum conducts debate on â€œCompliance: A Paradigm Shift' in Kolkata
CS Mamta Binani, President, ICSI and Keynote speaker in her address said,"Compliance is as old as civilization and compliance of rules and regulations help organisations and businesses to maintain trust and competition in the market."
She stressed on the part that compliance is an integral part of the organisation’s governance and decision making process and organisations with good compliance practices actually help themselves by fostering growth and investor confidence.
She concluded by saying that “Compliance is not a cost center, since its benefits would always be more than costs”.
While addressing the dignitaries, Sandip Kr Kejriwal, Chairman, EIRC of ICSI and a Keynote Speaker emphasised the role of compliance.
He said such exchange programmes can help the business fraternity understand the importance and benefits of Compliance.
Speaking at the occasion, Kejriwal said, Secretarial Standards laid by the Institute is a good step of compliance management and helps Companies to follow good corporate governance practices.
He also made a point that timely and efficient compliance process helps in avoiding penalties and ensures good ethical practice in a corporate.