Loyola Institute of Business Administration (LIBA) In Pursuit of Excellence with Ethics

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The Centre for Business Ethics and Corporate Governance established in the year 2005 is a significant Centre of Excellence created by LIBA to align with its core mission – “in pursuit of Excellence and Ethics”. This Centre is recognised as a National Centre for Corporate Governance by Government of India. 

The core aim of the center is to propagate business ethics and internationally accepted corporate governance practices for the benefit of students and managers through activities such as events, programmes, publications and industry consulting.

  • 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.

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 :

LIBA has been organizing various programs and activities to promote business ethics and good corporate governance among its stakeholders, particularly the students. 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 –

BEACON – 2018

Sustainable Business Practices for a Better Tomorrow.

BEACON – 2017

Leadership and Ethics for the New India.

BEACON – 2016

Leadership and Ethics for the Emerging Future.

BEACON – 2015

Ethical Challenges in Financial Management.

BEACON – 2014

BEACON – 2014

Ethical Challenges in Marketing – The Power and Responsibility Equilibrium”. (Ninth edition)

Social Entrepreneurship – A Calling. (Eighth edition)

BEACON – 2013

Accountability and Responsibility.

BEACON – 2012

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.

PANEL DISCUSSION

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.

PUBLICATIONS

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.

MOTHER TERESA AWARD

The Mother Teresa Award for Corporate Citizen, instituted in 1998 by LIBA, is presented every year to a Company that shows exemplary commitment to the ideals of corporate citizenship. The objective of the Award, is to showcase a corporate which has gone far beyond its call of duty to promote welfare activities for the benefit of the poor and marginalized sections of society and is environmentally conscious. The Award is given every year to a successful listed company of India for its contribution to CSR.

The objective of the Award is to honour a successful, profit making listed company that excels in its duty to all its stakeholders, via, value addition to the shareholders, commitment to quality, customer satisfaction, harmonious industrial relations, welfare of workers and gender equity.

Over the years, the Award has won huge reputation and recognition in the corporate circle and every year, many companies compete for this Award. The companies go through a rigorous selection process and a Jury constituted for the purpose select the best company based on the pre-determined set of parameters. The students of LIBA also actively participate in the pre-selection process – they do a background study to cross check the information provided by the companies and also to gather additional published information about them.

THE JURY

The esteemed Members of the Jury for selecting the Awardee are the following:

  • N. Vittal, IAS (Retd.), Former CVC, Chairperson, MTA Jury
  • T.S. Krishnamurthy, IRS (Retd.)
  • R. Ramaraj, Senior Advisor – Elevar Equity
  • A.X. Alexander, IPS (Retd.)
  • C. K. Ranganathan, Chairman and Managing Director, CavinKare
  • K. Venugopal, Director, Kasturi & Sons Limited
  • S. P. Kandasamy, Krishnamurti Foundation India
  • M. Mahadevan, Chairman, Oriental Cuisines Pvt Ltd
  • Jayshree Suresh, Professor of Strategy and Entrepreneurship, LIBA

PAST RECIPIENTS OF THE MOTHER TERESA AWARD

PAST RECIPIENTS OF THE MOTHER TERESA AWARD FOR CORPORATE CITIZEN

 

Year

Recipient of  the Award

Chief Guest

2015 Infosys Limited Shri. M.M. Rajendran IAS, Former Governor Of Orissa

2014

Listed Category: Mahindra & Mahindra Limited Unlisted   Category:   Serum   Institute   of   India Limited

Spirit of Mother Teresa Award : Mr. Azim Premji, Chairman, Wipro Limited

Best NGO : The Akshaya Patra Foundation

His Excellency, Konijeti Rosaiah, Governor of Tamil Nadu

2013 ACC Limited – Madukkarai Cement Works Dr.V. Shanta, Chairman & Executive Chairman, Cancer Institute (WIA), Chennai

Guest of Honour: Shri. Narayanan Vaghul,    Former    Non-Executive Chairman, ICICI Bank

2012 Shree Cement Ltd – Winner of Mother Teresa Award

Polaris  Financial   Technology  Ltd  –  Winner  of  Special Award

Shri. Gopalkrishna Gandhi, IAS (retd), Chairman, Kalakshetra Foundation, Chairman of Governing Body of Indian Institute of Advanced Study, Shimla and President of its Society
2011 Tata Chemicals Ltd – Winner of Mother Teresa Award

Sobha Developers Ltd – Winner of Special Award

Shri.   N   Gopalaswami,   Former Chief     Election     Commissioner, Govt of India
2008 Chennai Petroleum Corporation Limited (CPCL) Prof C.K.Prahalad, Paul and Ruth McCracken Distinguished University Professor of Corporate Strategy, Stephen M. Ross School of Business, University of Michigan, USA
2006

NTPC Ltd                                                                  

Dr. A.P.J. Abdul Kalam, Former President of India
2005 Tata Steel Ltd                                                             His Excellency Shri. Surjit Singh Barnala, Former Governor of Tamil Nadu
2004 TVS Motors Company Shri. M. Damodaran, Chairman, Securities and Exchange Board of India
2003 Polaris Software Ltd

Shri. P. Shankar, IAS, Chief Vigilance Commissioner, Govt. of India

2002 Shriram Investments Ltd Prof. M.S. Swaminathan F.R.S, Chairman, M.S.Swaminathan Research Foundation, Chennai
 2001  Indian Oil Corporation ​ Shri. N. Rangachary, Chairman, Insurance Regulatory & Development Authority
2000 Orchids Chemicals and Pharmaceuticals Ltd Shri. Murasoli Maran, Minister of Commerce, Govt. of India
1999 TamilNadu News Print and Papers Limited (TNPL) Shri. Montek Singh Ahluwalia, Member, Planning Commission, Govt. of India
1998 Titan Industries Ltd Shri. Ramakrishna Hegde, Minister of Commerce, Govt. of
India

We were honoured to have as our Chief Guests :

  • M.M. Rajendran IAS, Former Governor Of Orissa
  • His Excellency, Konijeti Rosaiah, Governor of Tamil Nadu
  • V. Shanta, Chairman & Executive Chairman, Cancer Institute (WIA), Chennai
  • Narayanan Vaghul,    Former    Non-Executive Chairman, ICICI Bank
  • Gopalkrishna Gandhi, IAS (retd), Chairman, Kalakshetra Foundation, Chairman of Governing Body of Indian Institute of Advanced Study, Shimla and President of its Society.
  • N   Gopalaswami,   Former Chief     Election     Commissioner, Govt of India
  • C.K.Prahalad,Paul and Ruth McCracken Distinguished University Professor of Corporate Strategy, Stephen M. Ross School of Business, University of Michigan, USA
  • A.P.J. Abdul Kalam, Former President of India
  • His Excellency Surjit Singh Barnala, Former Governor of Tamil Nadu
  • M. Damodaran, Chairman, Securities and Exchange Board of India
  • P. Shankar, IAS, Chief Vigilance Commissioner, Govt. of India
  • M.S. Swaminathan F.R.S, Chairman, M.S.Swaminathan Research Foundation, Chennai
  • N. Rangachary, Chairman, Insurance Regulatory & Development Authority
  • Murasoli Maran, Minister of Commerce, Govt. of India
  • Montek Singh Ahluwalia, Member, Planning Commission, Govt. of India
  • Ramakrishna Hegde, Minister of Commerce, Govt. of
    India.

BEACON

MOTHER TERESA AWARD

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.

THE TEAM

  • Dr. Agna Fernandez – Chair, Centre for Ethics & Corporate Governance
  • Dr. P.C. Lakshmi Narayanan, Member – Faculty Advisory Committee
  • Dr. Madhuri Malhotra, Member – Faculty Advisory Committee
  • Ms. Christine Fernando, Event Coordinator

CURRENT CHAIRPERSON OF THE CENTRE

CHAIR PERSON / CONTACT

agna3
Dr. AGNA FERNANDEZ
Chair, Centre for Ethics & Corporate Governance at LIBA from 2019 till date.
Contact:044-28177238
Email:agna.fernandez@liba.edu

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. 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).

 OBJECTIVES

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

  1. MOOC course on good governance by experts followed with a certificate.
  2. Leadership Capability Building –Best Practices in Strategic Management for State Governments and Bureaucrats.
  3. Good Governance Practices –Case Study to be disseminated: Competition: Cash prizes
  4. 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 Leadershipv