- To raise awareness on ethical issues through conferences, seminars and panel discussions.
- To enrich ethical knowledge and societal obligations through publications.
- To inspire socially responsible leadership. The Mother Teresa Award for corporate citizenship – an annual award given to socially responsible companies.
- To promote principle based corporate governance.
LIBA’smissionis topursueEthicsandExcellence.Inlinewith this ideal, LIBA established the Centre for Business Ethics and Corporate Governance in 2005, to propagate business ethics and internationally accepted corporate governance practices for the benefit of students, who are the future of the business world. This centre is a Government of India recognised CENTER FOR CORPORATE GOVERNANCE. The aim of the Centre is to create a cadre of socially responsible leaders committed to the upliftment of the society.
LIBA’S Centre for Business Ethics and Corporate Governance works to build bridges between business and society, between competence and compassion and between profit making management and ethical conduct. The Centre has been engaged in activities that aim at propagating business ethics and good corporate governance in companies and organisations.
TO BE THE BEST NODAL CENTRE FOR PROMOTING GOOD GOVERNANCE AND ETHICS
• To build ethical leadership among the top professional across organisations
• To raise awareness on need for good governance in organisations.
• To inspire socially responsible leadership.
• To enrich ethical knowledge and societal obligations
• To promote principle based corporate governance among top level business professional.
MEMBERS OF THE ADVISORY COUNCIL
1. Fr. Victor Roch, SJ. , Loyola College.
2. Prof. Lakshmi Narayanan – Dean Academic, LIBA
3. Dr. Chitra Venkataachalam – Prof. Ethiraj College (Rtrd.)
4. Mr. Mahadevan – Leading Restaurant Entrepreneur
5. Prof. Ravichandran – Professor, LIBA
6. Dr. Akanksha Jaiswal – Assistant Professor, LIBA
7. Dr. Madhuri Malhotra – Assistant Professor, LIBA
CURRENT CHAIRPERSON OF THE CENTRE
CHAIR PERSON / CONTACT
DR AJIT SINGHVI MICRO CENTRE FOR GOOD GOVERNANCE
ABOUT THE CENTRE
Dr Ajit Singhvi Micro Centre for Good Governance was inaugurated during BEACON – the annual Business Ethics Conference of LIBA on 8TH February 2019 by Mr. Jochen Tewes, Founder, Inter-Mission Industrial Development Association.
This Micro Centre is a part of the Centre for Business Ethics and Corporate Governance. The Micro Centre will promote Good Governance through research, publications and conferences.
This year, BEACON – the annual Business Ethics Conference of LIBA, held on 8TH February 2019, witnessed the launch of Dr Ajit Singhvi Micro Centre for Good Governance by Mr. Jochen Tewes, Founder, Inter-Mission Industrial Development Association.
Mr. Jochen Tewes, Founder, Inter-Mission Industrial Development Association Inaugurated Dr. Ajit Singhvi Micro Centre for Good Governance. Commenting on the occasion, Mr Jochen further added saying” I am very glad to be a part of this noble initiative of LIBA in inaugurating the Dr Ajit Singhvi Micro Centre for Good Governance. The three values of our organization are Integrity, Inspiration and Dedication. Our mission is to help the underprivileged and equip them lead a quality life.”
Fr. P. Christie, SJ, Director, LIBA said, “We are starting this Micro Centre as a part of Centre for Business Ethics and Corporate Governance. The Micro Centre will promote Good Governance through research, publications and conferences. I would like to thank Dr. Ajit Singhvi for his generous contribution to LIBA and we assure him to do our best and promote Good Governance.”
ABOUT DR. AJIT SINGHVI
Dr. Ajit Singhvi has donated a large sum to promote ‘Good Governance’ at LIBA. We are honoured to have received an amount of Rs.65 lakhs for the Centre for Governance for enhancing the activities of the centre. He has written a handbook in management inclusing concepts on Transformation and Renewals for Sustainability, which can help employees in the Industry and students in professional courses fast tarck to CEO roles. This initiative will be taken care of by the Centre for Business Ethics and Corporate Governance at LIBA.
Dr. Ajit Singhvi is a UK based Indian Philanthropist and comes from a philanthropic family in Jhodpur. He has donated a large portion of his earnings towards educational projects, mainly to promote good governance. He is best known as professorial chair donor at IIT Roorkee and IIT Madras. A Management Thinker – Dr. Singhvi is the Alumnus of Harvard Business School, Institute of Chartered Accountants and Chartered Institute of Management Accountants. He is the founder and promoter of the Ajit Singhvi Education and Training Trust. He has held key managerial positions, such as financial controller with many multinational companies such as British Insulated Cables (BICC), British Leyland, GEC Alsthom, Carnaud Metalbox Groups and Argo Pantes Group., in various countries such as Africa, UK and India.
He is passionately involved, committed and interested to promote Good Governance. For him good governance is not just corporate governance in business but needs to be in terms of accountability, transparency and democracy in any organization. He had put forward the concept and methodology, titled PSR (Personal Social Responsibility) for a voluntary movement to raise some more resources for societal good by providing structure where middle and rich alike have an equal chance of receiving recognition and reward for sacrificing a small portion of their earnings during the ages (50 to 60 years).
Enhancing good governance in public and private sectors can leverage it with State Governments and Business Enterprises, medium or large.
ACTIVITIES PLANNED FOR THE YEAR
- MOOC course on good governance by experts followed with a certificate.
- Leadership Capability Building –Best Practices in Strategic Management for State Governments and Bureaucrats.
- Good Governance Practices –Case Study to be disseminated: Competition: Cash prizes
- Social Inclusion Governance: Ref: Fr.Roch: Dalit Leadership Vs. Tribal Leadership
PROPOSED PLAN OF ACTION
1. Good Governance: A basic certification
A series of 5 talks addressing, Good Governance, Transparency, Participation, Responsiveness, Rule of Law, Equity and Inclusiveness
Impact factor: Register and spread the message at least 50-75 participants
2. Leadership Capability Building –Best Practices in Strategic Management for State Governments and Bureaucrats
– Should we collaborate with MDC?
– Best practices for Good Governance and Leadership workshops
3. Good Governance Practices –Case Study to be disseminated: Competition: Cash prizes
Corporate presentations on Good governance
4. Social Inclusion Governance: Ref: Fr.Roch: Dalit Leadership vs. Tribal Leadership
|1||Advisory Council Meeting||5th August 2020|
|2||Webinar Speaker: Dr. Chitra Venkataachalam||3rd September 2020|
|Topic: Mindful approach to Business Ethics, Corporate Governance and Personal Excellence|
|3||Webinar (subject to speaker’s availability)||5th October 2020|
|4||Webinar (subject to speaker’s availability)||5th November 2020|
|5||Webinar (subject to speaker’s availability)||7th December 2020|
|6||Students’ Conference and Panel Discussion on Good Governance Practices||29th January 2021|
|7||Workshop on Ethics and Good Governance practices for the Heads of the Institution||26th February 2021|
BUSINESS ETHICS CONFERENCE (BEACON)
Loyola Institute of Business Administration (LIBA) has been organizing various programmes and activities to promote business ethics and good corporate governance among its stakeholders, particularly the students. Some of the events include :
One such program is the annual Business Ethics Conference (BEACON) which we have been organizing since 2007.
From 2007, BEACON has been deliberating on various issues including inclusive growth and sustainability in all spheres of management. The topics focused on at Beacon include –
|Sustainable Business Practices for a Better Tomorrow.|
|Leadership and Ethics for the New India.|
|Leadership and Ethics for the Emerging Future.|
|Ethical Challenges in Financial Management.|
|Ethical Challenges in Marketing – The Power and Responsibility Equilibrium”. (Ninth edition)
Social Entrepreneurship – A Calling. (Eighth edition)
|Accountability and Responsibility.|
|Eco-Innovation: Time to Wake Up!|
BEACON – 2011
|Social Innovation: A Catalyst for Inclusive Growth.|
BEACON – 2010
|Soaring Through Sustainability.|
BEACON – 2009
|Surfing the Slump.|
BEACON – 2008
|India at 60: Inclusive Growth – The Challenge of the New Era.|
BEACON – 2007
|To Illumine, To Imbibe, To Inspire Business with Integrity.|
In view of a turbulent year that was engulfed in a few high-profile board room battles, the Centre felt that it was important to educate the management students of LIBA to understand the role of independent directors in corporate governance. A Panel Discussion was organised on 15th March 2016 on the topic, “Role of Independent Directors in Corporate Governance”. The panelists, Mr. K. Ravi, a prominent advocate and Company Secretary; Mr. Krish Ramesh, Corporate Lawyer and Company Secretary and Ms. Deepa Baburaj, General Consul – India and Asia Pacific, CTS gave a broader perspective on the topic with examples, which were real-life and easily relatable for the students.
The Centre also contributes to building academic knowledge in the field of Business Ethics and Corporate Governance. The faculty members associated with the center have published three textbooks and several research articles in International peer-reviewed journals on topics like ethical decision making, moral disengagement, ethical ambiguity and ethical supply chain management that includes:
|Business Ethics: An Indian Perspective by Prof. A.C Fernando|
|Corporate Governance: Principles, Policies and Practices by Prof A.C Fernando|
|Business Ethics And Corporate Governance by Prof. A.C Fernando|
|Madhuri Malhotra (2016) “Linkages among corporate governance, intellectual capital efficiency and firm performance: an Empirical Analysis from Emerging Market”, International conference on financial markets and corporate finance (ICFMCF 2016), held in the Department of Management Studies, IIT Madras, Chennai during 12-13 August, 2016.|
|Madhuri Malhotra (2016) Corporate Governance, Business Ethics and corporate Sustainability: An Overview”, 16th International Conference on Business, Economics, Social Science & Humanities- BESSH-2016” 20-21 August, 2016 Hong-Kong, paper accepted.|
|Shanthi Venkatesh (2017), “Ethical Leadership for efficient Corporate Governance – BRICS perspective (Accepted for Presentation), International Conference on Empowerment through Education, Ethics & Entrepreneurship – Agenda for BRICS, Organised by Mandsaur University in partnership with UNESCO Chair, February 2017.|
PAST CHAIRPERSONS OF THE CENTRE
- Prof. A.C Fernando, Professor of Economics and Chair – Centre for Business Ethics and Corporate Governance from its inception in the year 2005 to 2011
- Dr. Priya Rajeev, Associate Professor OB & HR and Chair – Centre for Business Ethics and Corporate Governance – 2011 to 2013
Dr. V. Shanthi, Associate Professor – Marketing and Chair – Centre for Ethics and Corporate Governance at LIBA from 2013 to 2019.