CII to hold conference on role of corporate governance in current economic crisis

According to CII, senior Government functionaries, political leaders and CEOs will participate in the programme.

Some of the dignitaries invited to address the conference include Mr. Montek Singh Ahluwalia, Deputy Chairman of Planning Commission, Government of India; Mr. D Subbarao, Governor, Reserve Bank of India; Mr. C K Prahalad, Paul and Ruth McCracken Distinguished University Professor of Strategy, University of Michigan; Mr. T S Krishna Murthy, Former Chief Election Commissioner; Mr. K.M. Chandrasekhar, Cabinet Secretary, Government of India; and Mr. Gopal K Pillai, Commerce Secretary, Government of India.

The two-day conference will address various sub-themes like Turning Crisis into Opportunity; Indias Political Architecture: Building Consensus; Good Governance: Aspirations, Challenges and Solutions; Indian Economy: Reforms Required; Corporate Governance: Where is India Headed?; Economic Downturn: Challenges & Opportunities for India Inc.; Security: The New Challenge; and Access to Opportunities: Opening Doors.

Commenting on the relevance of such kinds of conference in these hard times of economic recession, CII says, As the global economic crisis continues to ravage the world, India, with its strong macroeconomic fundamentals and a huge domestic market, is well positioned to counter the recessionary trends and continue to march towards speedy development. However, this would require concerted efforts; Public expenditure by itself may not be sufficient to bridge the deficits, and measures to unshackle private energies are needed. What are the crucial economic reforms still on the table? How can consensus be built for a common agenda? Can a new pace of economic growth be set?

Speaking on reforms required in Indian economy, CII Says, Very few analysts foresaw the economic tsunami ravaging the world or its impact on India. Just few months ago, Indias investment pipeline for the next three years stood at $700 billion. Today, some forecasts for the coming year are below 6%. How can the investment pipeline be restored to stimulate rapid growth? What will be the deepest impact of economic liberalization measures? What are the short-term and long-term goals set for the Indian economy?

According to CII, security is the biggest challenge India is facing at present, 26/11 Mumbai attack has reminded India of the challenge that is faced by the people and economy of this country from acts of terror. Strengthening security has become a main agenda with threats emanating from different quarters. What are the new measures required to secure the citizens and business of this country? What is being done and what else is under discussion? Can industry do its part?