ICSI in association with NALSAR University of Law organised the first conference in the arena of corporate governance. The name of the conference is Corp Con 2024. At the National conference, the ICSI president CS Manish Gupta explained the importance of research in corporate governance. He said the National Conference brings the advocates, legal experts, company secretaries, industry leaders, scholars, policymakers and corporate professionals into one place. The conference is a platform to exchange ideas, values, insights, trends, advancements and networks in the industry. The blog highlights the importance of research in corporate governance with 60 research papers, growth and ADR centre in Hyderabad.
ADR centre in Hyderabad:
The Centre for Corporate and Competition Laws operate under the aegis of NALSAR University. The centre promotes research in competition, corporate culture and legal areas of corporates. The Centre for Corporate and Competition Law and NALSAR University join hands together to bridge the gap between theory and practice in corporate governance. The centre has plans to publish annual publications with journals pointing out the corporate competition laws in the year. The centre provides certification courses, guest lectures, and conferences in the corporate law subject. The Kakatiya University supports foreign and Indian research journals. The faculties of the university have published 30 research articles and 13 books. The university offers a Master of Education, Ph.D. and M.Phil. Programs. The research publication topics of the university are the development and standardization of scientific attitude, the scientific attitude of 9th standard students, science and environment education, the role of teachers in the scientific attitude of the school students, and the importance of B.Ed. internship programs, innovation in school education and physical sciences, and knowledge of secondary school teachers in physical science, mathematics, biological sciences and teaching.
Research papers:
The researchers from the National Research Conference in corporate governance presented 60 papers. On December 2023, ICSI requested the legal professionals to submit the research paper for “Corp Con 2024”. The conference was named Corp Con 2024. The research papers should be on developments and trends in corporate laws and governance. The research papers should be original thoughts and unpublished papers. Two people can join together and co-author the research work. The instruction says that manuscripts and abstracts should be submitted in MS Word format. The list of themes for the research papers are as follows: Alternate dispute resolution mechanism, insolvency and bankruptcy code, labour laws, Indian Stamp Act, corporate and securities laws, revenue laws, FEMA, banking, insurance laws and corporate governance in the age of digital media.
Future growth:
The vice chancellor of NALSAR University Sri Krishna Deva Rao said that the topics of Insolvency, mediation, corporate philanthropy, and bankruptcy are important to research in future. Businesses around the world avoid failure by seeking the help of insolvency experts early.
Insolvency professionals focus towards digital skills, empathic listening skills and digital skills. In the case of fraud activities, the compliances related to crime and transparency are throwing challenges to the insolvency professionals. Insolvency professionals require people skills, technical acumen, and legal knowledge to be at the top of the profession. The research in insolvency promotes the demand and opportunities of insolvency professionals.
Mediation is popular in the US. It is handling the cases without a courtroom. The problems in Indian courts have similarities to that of American cases. The statistical fact is that mediation decreases the time-related issues and wrong judgements. Current mediation techniques contribute to the future research of the subject. Mediation is an emerging subject in law that requires more perfection.
Corporate philanthropy is the activity of managing the impact of business on society. CSR is the broad view of an organisation’s objective towards society. Corporate philanthropy is the narrow view of a company’s objective towards society. Corporations are under pressure to use their resources to create a better world. The corporates show concern towards the pressing problems of the globe. Around 77 per cent of consumers are interested in buying products that are helping society through CSR practices. CSR will increase the value of the company.
In 2023, there were 642 cases under bankruptcy problem. In 2020 the bankruptcy numbers were expected to rise due to COVID-19. The number of 2020 bankruptcies is comparatively lower than 2023. Bankruptcy affects the credit supply and cost of credit. The research to control and reduce the bankruptcy of companies promotes the overall growth of the corporates.
Final Words:
The conference provides insight into the challenging aspects of corporate governance. The National conference enlarges the professional network of company secretaries. The latest advancements and research findings are helpful to incorporate the same in the corporate decision-making process. The eligible participants in the conference are listed below: advocates, counsels, company secretaries, and students from ICSI, researchers, academics, corporate executives, compliance officers, directors, advisors and consultants. The dignitaries from ICSI heading the conference are as follows: CS Manish Gupta, CS R Venkata Ramana, CS B Narasimhan, CS Pawan G Chandak, and CS Asish Mohan. The dignitaries from NALSAR University of Law attending the conference are as follows: Prof. Srikrishna Deva Rao, Prof. V. Kesava Rao, Prof.K.V.S. Sarma, and Prof. K. Vidyullatha Reddy. The ideas of participants in emerging areas of corporate governance are a sneak peek at future changes.
