FTCCI & IICA to train the directors in TS
THE Federation of Telangana Chambers of Commerce and Industry (FTCCI) organised a webinar on Roles and “Responsibilities of Directors” to mark the signing to train the directors of companies in Telangana.
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Hyderabad: THE Federation of Telangana Chambers of Commerce and Industry (FTCCI) organised a webinar on Roles and "Responsibilities of Directors" to mark the signing to train the directors of companies in Telangana.
Sameer Sharma, DG & CEO of IICA said, "IICA would be happy to extend support to train the directors in Telangana, to comply with the higher standards of corporate governance. Every company should emphasise on the power of three 'P's - Profit, People and Planet. He also explained about performance evaluation of board to ensure a healthy board and healthy Company
BK Mohanty, ICLS, Regional Director, South East, Ministry of Corporate Affairs, appreciated the initiative by FTCCI for training the directors. He said, "Self governing is the most vital tool and no director can escape compliance. Director plays multiple roles as trustee, employee, agent and key managerial personnel. "As such his role shall be highly knowledgeable and commendable," he added. Ashish Makhija, Managing Attorney at AMC Law Firm, New Delhi said key elements of corporate governance, the Board and Management accountability to shareholders. He emphasised that all the directors should be well versed with Chapter VII Management and Administration of Companies Act. A non compliance of any Section under the Act attracts a criminal offence.
