India ushering in Industry 4.0
Competition spurs Innovation
Leadership for Business Excellence & Innovation
22-23 July 2022 at Chennai
Guests of Honour
Mr. K. Rajaraman, IAS
Telecom Secretary and Chairman, Digital Communications Commission, Ministry of Communications, Govt of India
Mr. Sanjay Jaju, IAS
Additional Secretary, Dept. of Defence Production, Ministry of Defence, Govt. of India
Professor Soumitra Dutta
Dean, Said Business School, University of Oxford, UK
Dear Professional Colleague,
In a world, where knowledge is expanding exponentially, products & services are fast becoming obsolete, the challenge of innovation is becoming irresistible.
Today the internet and web technologies have tremendously changed – the way of doing business. India is at an inflection point in its digitisation journey and the country has undergone a significant digital revolution. India is now ushering in Industrial Revolution 4.0, largely due to its demographic dividend, data availability at affordable prices, and it’s huge domestic market. With a slew of structural reform measures, the extraordinary success of Govt of India’s Digital Mission is empowering the society and knowledge economy; India is set to remain the world’s fastest growing major economy.
Let’s, therefore, innovate and drive in an immersive virtual reality.
The Institute of Directors, India (IOD) is organising its ‘31st annual World Congress on Leadership for Business Excellence and Innovation’ (with support from Govt. of Tamil Nadu) on 22-23 July, 2022, at Hotel Hyatt Regency, Chennai (India).
Competition spurs innovation and brings out the best. The winners of the famed Golden Peacock Award (based on GPA Excellence Model) for ‘Quality’, ‘Training’, ‘Innovation’ & ‘Business Excellence’ for 2022 will be felicitated during the programme.
H.E. Dr. Tamilisai Soundararajan | Hon’ble Governor of Telangana Lieutenant Governor of Puducherry (Additional Charge) has kindly accepted to inagurate the convention. Some of the other distinguished speakers & global experts, who have confirmed to address the gathering of boardroom community, include:
- Mr. Vikram Kapur, IAS | Additional Chief Secretary, Planning & Development Department, Govt. of Tamil Nadu
- Mr. Hans Raj Verma, IAS | Additional Chief Secretary, CMD, Tamil Nadu Industrial Investment Corporation (TIIC), India
- Mr. Praveen Kumar | DG & CEO, Indian Institute of Corporate Affairs (IICA)
- Ms. Aliza Knox | Bestselling Author, Speaker, Tech Exec, Non-Exec Director, Sr. Advisor, Boston Consulting Group (BCG), Singapore
- Mr. V. Arun Roy, IAS | Secretary, Micro, Small and Medium Enterprises Dept., Govt. of Tamil Nadu
- Dr. M. Saikumar, IAS | Chairman & Managing Director, Tamil Nadu Newsprint and Papers Limited (TNPL)
- Mr. P. Sridharan | Joint Managing Director, Shriram Transport Finance Co. Ltd. (STFC)
- Mr. Arvind Kumar | Managing Director, Chennai Petroleum Corporation, India
- Mr. Jayadeva E. P. | Director (Operations), Hindustan Aeronautics Limited (HAL), India
- Dr. Manikandan Swaminathan | CEO, Pentagon Rugged Systems, India
- Mr. G. Mahalingam | Independent Director, LIC & former Whole-Time Member, SEBI (The Securities & Exchange Board of India).
- Mr. S. Santhanakrishnan | Independent Director on the Boards of Tata Consumer Products Ltd., Tata Housing Development Co. Ltd., & Tata Realty and Infrastructure Ltd.
- Mr. Shaji John | Director – Power, NLC India Limited
- Mr. M P Vijay Kumar | Chief Financial Officer, Sify Technologies Limited, India
- Mr. Vasudevan P N | Managing Director & CEO, Equitas Small Finance Bank Ltd.
- Dr. Pawan Kumar Singh | Director, Indian Institute of Management, Tiruchirappalli
- Dr. Edo De Vette | Windesheim University and Governance University, Netherlands. et all.
Some of the participating organisations include – Tata Motors | Plastic Omnium Auto Exteriors | Gujarat Fluorochemicals | Rossari Biotech | L&T Construction | Praj Industries | Smartchem Technologies (Deepak Fertilisers) | One97 Communications (Paytm) | Rifle Factory Ishapore | Runaya Refining (Vedanta) | HPCL | Chennai Petroleum Corporation | Reliance Industries | Takshi Auto Components | WAPCOS | Exide Industries | Emami | Protean eGov Technologies (formerly NSDL e-Governance Infrastructure) | Nestle India | Subros | Varun Beverages (RJ Corp) | PI Industries | Larsen & Toubro | Naturelle LLC (Subsidiary of Dabur International) | Cairn Oil & Gas | Max Speciality Films | Berger Paints India | Tata Elxsi | VFS Global Services | BEML | Tata AIA Life Insurance | ONGC and Mumbai Metro One. and many more.
- 23rd World Congress on Environment Management and Climate Change: 25-26 August, 2022 | Bengaluru, India
- Annual 2022 Directors’ Conclave: 23 September, 2022 | New Delhi, India
- 2022 London Global Convention on Corporate Governance & Sustainability: 09-12 November, 2022 | London, UK
- 17th International Conference on Corporate Social Responsibility: 12-13 January, 2023 | Mumbai, India
- 2023 Dubai Global Convention on Leadership & Board Strategy for Business Excellence: 14-17 March, 2023 | Dubai, UAE
We are pleased to share July 2022 issue of ‘Director Today‘ – A Monthly Journal of IOD.
This is a special Issue focusing on ‘Board Diversity’. Let’s build a Board that will get Investors attention – a future-ready Board which is Diverse, Socially Responsible, Tech savvy and understands inclusion.
We at IOD find that companies with Diverse Boards of Directors are better positioned for stronger Financial Performance and improved Governance.
As per recent study:
- India Fortune 500-has only 6 independent Female as Board Chairs.
- PSU Boards-only 8 of 71 have 30% women directors in India.
- Globally (% of board seats held by women) – January 2022
|France – 43%||Singapore – 17%|
|Norway – 42%||India – 17%|
|Italy – 36%||China – 13%|
|UK – 30%||Japan – 8%|
|USA – 24%||South Korea – 4%|
|Saudi Arabia – 2%|
- Norway, France & Spain have a fixed quota of 40% women directors.
- Global women billionaires – 10% (India-4%).
- Indian Boards have only 7% Directors as non-Indians.
- NIFTY 500 companies, as on April 2020 – only 18 women as Board Chairs, and 6 CEOs. (Nearly 70% of women executives are hired for support roles, and not for core functions).
- India’s female labour force participation remains at 20%, against global average of 47%.
With special efforts and several initiatives from Govt. of India, Gender diversity is now moving up. Women partcipation is increasing significantly in all areas, from the Armed Forces to Sports, from IT to Space, and from Piloting Airlines to Corporate Boards.
Indian boards also need to harness the untapped talent of women directors to help increase India’s GDP to over 5 trillion US $ by 2025.