Panel Discussion on Governance held.

Panel Discussion on  Governance held.

In connection with Vigilance Awareness Week-2013, a panel discussion on “Good Governance and Commitment to Excellence are Indivisible” was held at corporate headquarters of Dredging Corporation of India Limited (DCI), this morning,

Dr. V Vizia Saradhi, Former Director (HR), HPCL and Senior Adviser, University of Petroleum & Energy Studies,  who participated in the discussion stated that governance is the exercise of economic, political and administrative authority to manage a country’s affairs at all levels. It consists of the mechanisms, processes and institutions through which organizations and citizens articulate their interests, exercise legal rights; meet obligations and mediate differences. Without good governance, no amount of developmental schemes can bring in improvements in the quality of life of the citizens. Elaborating on the good governance practices in HR, he emphasized the need for expeditious disposal of disciplinary cases.  He lauded the efforts being made by the CVC in bringing about transparency, accountability and probity in public procurement and anti-corruption measures.

Mr. B Rama Gopal, President (Finance & Marketing), M/s. Bothra Shipping Services stated that the pledge of Vigilance Awareness week encompasses all that is required to be followed by an individual to achieve excellence in governance.  He stated that the values, ethics and a good conscience should be the core values one should follow. One should not succumb to passion or trivial gains.  Exercise of  judgement is important and failure to do this will result in misery.    

Capt. D.K. Mohanty, Chairman and Managing Director, DCI in his address to employees of DCI stated that good and timely decision making leads to good governance. He emphasized the need for continuous monitoring by the top executives, so that projects are completed in time.

Mr. S. Vasudeva Rao, CVO, DCI in his welcome address, referred to the need for organizations to keep their core values in the forefront and practice the same on daily basis.   Quoting the example of the multinational giant, Cisco, he said every member of the company should question himself whether he is ethical or not.   Every member should certify annually that he has used resources of the enterprises in a responsible manner and carefully protected  what belongs to the company.   One also has to be accurate and ethical with regard to management of company’s finances.   There should be an ethics officer and an  ‘ethics hotline’ in every organization.

Mr. T. Prasada Rao, HOD (HR) introduced the panel speakers to the members.

The meeting ended with a vote of thanks by Dr. P.K. Sethi, HOD (FS) to the chair.