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Corporate governance is not only the key to corporate excellence but it is basic to social and national excellence because compliance of law, ethics and best management practices lead to upliftment of all segments of society. The conferment function for ICSI National Award for Excellence in Corporate Governance for the year 2005 was held on January 13, 2005 at Convention Hall, Bombay Stock Exchange Ltd., P.J. Towers, Mumbai. Shri Prem Chand Gupta, Hon’ble Union Minister of State for Company Affairs presented the ICSI National Award for Excellence in Corporate Governance for the year 2005 to two Best Governed Companies viz. Dabur India Ltd. and Infosys Technologies Ltd. Shri P. D. Narang, Group Director – Corporate Affairs, Dabur India Ltd., and Shri Srinath Batni, Director and Group Co Head World Wide Customer Delivery, Infosys Technologies Ltd. received the Awards. ICSI Life Time Achievement Award for translating excellence in corporate governance into reality was conferred on Shri Brijmohan Lall Munjal, Chairman, Hero Group, in recognition to his remarkable contribution to the corporate sector. The Company Secretaries of the Award Winning companies were also honoured for their invaluable inputs and contribution in the management strategy, compliance of law and adherence to ethical standards thus strengthening the corporate governance practices in the companies. Shri Ashok Kumar Jain, Addl. General Manager (Finance) & Company Secretary, Dabur India Ltd., and Shri V. Balakrishnan, Company Secretary and Senior Vice President - Finance, Infosys Technologies Ltd. received the awards. The function was preceded by a Panel Discussion on “Independence of Directors: by Statute or by Cultivation”. The dignitaries on panel included Ms. Naina Lal Kidwai, Deputy CEO, HSBC India. Shri Rajnikant Patel, Managing Director & CEO, Bombay Stock Exchange Ltd. Shri Deepak M. Satwalekar, MD & CEO, HDFC Standard Life Insurance Company Ltd. Shri Shailesh Haribhakti, Managing Partner & CEO, Haribhakti Group. A Souvenir & Book on Corporate Governance was also released on the occasion. The Book on Corporate Governance contains Modules for best practices relating to disclosure of various items of compliances in the light of revised clause 49 of the listing agreement and is a friendly treatise on Corporate Governance for Corporates and Professionals. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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LIST OF TOP 25 COMPANIES (in alphabetical order) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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