icsi vision 2020

ICSI VISION 2020

October 14, 2011

Vision 2020

Need to reshape the profession with long-term vision to:

– meet new expectations of stakeholders,

– capitalize on new opportunities,

– meet new challenges of the next decade

The Council of the Institute decided to draw up ICSI Vision 2020 and for the purpose constituted a Core Group

ICSI - Delivering Value for more than 4 decades

1 Ravi KastiaGlobal Head, Mining & International Trading, Aditya Birla Group, Mumbai.

Chairman

2 A K Khandelwal (Dr.), Former Chairman & Managing Director, Bank of Baroda, Mumbai.

Member

3 Arun Nanda , Executive Director, Mahindra & Mahindra, Mumbai.

Member

4 C Parthasarathy, Managing Director, Karvy Computershare Pvt. Ltd., Hyderabad.

Member

5 Susir KumarChief Executive Officer, Intelenet Global Services, Mumbai.

Member

6 Vijaya Sampath (Ms.)Group General Counsel & CS, Bharti Group of Companies, New Delhi

Member

7 K S Ravichandaran (Dr.), Company Secretary, Coimbatore.

Member

8 S N Ananthasubramanian, (Council Member - The ICSI), Proprietor, S N Ananthasubramanian & Co., Company Secretaries, Thane.

Member

9 Pradeep K Mittal, (Council Member – The ICSI), Partner and Chief Advisor, PKMG Law Chambers, Delhi.

Member

10 R Sridharan, (Council Member – The ICSI), Proprietor, R Sridharan & Associates, Company Secretaries, Chennai.

Member

11 Prof V.N. Rajasekharan Pillai, Vice-Chancellor, IGNOU (Indira Gandhi National Open University)

Member

12 Prof M B Athreya, Management Consultant, New Delhi

Advisor

Constitution of Core Group

Core Group to be supported and assisted by the President and Secretary & CEO, ICSI.

Conceptual Framework Multiple Stakeholders & Rising

Expectation

Institute Mission & Objectives

Long Term Vision & Goals

Strategic Directions

Organization Design

Management Systems

Implementation

Environment Scan Resource Audit

Feedback loop for correction and learning

Integrated Management Model

Conceptual Framework Multiple Stakeholders and Rising Expectations


Environment Scan

Resource Audit

Long Term Vision and Goals


Organization Design

Management System

Implementation

Market Survey by the team of ICSI through

• Personal Interviews

• Seminars

• Meetings at Chapters Level

• On-line survey

• Desk Research

Stakeholders’ Survey

Expectation of Trade & Industry

Improving personality and personal traits - versatility, communication, confidence, business attitude, managerial skills etc.

Carving out new areas - indirect taxation, SME sector, governance of unlisted companies, risk management, fund management and wealth creation, etc.

Technical competencies - legal drafting, updated knowledge of law, global perspective and advocacy skills.

Value Addition and Quality

• In-depth knowledge and quality, expertise in legal drafting and pleading skills

• Capitalize on existing and new opportunities

• Changing the members’ learning approach

• Improve quality

Expectation of Regulators

Highest Standards of Values and Ethics

• Create employment opportunities

• Promote impeccable standards of corporate governance

• Educate the corporate sector about CSR

• Investor education and protection

• Train and develop management leaders

• Undertake Social Service

Expectations of Society

Nurture sound professionals & conscience keepers

• Good career opportunities

• On-line services

• Better infrastructure facilities

• Updated, simple and interactive syllabus

• Industry oriented practical training

• Programs on soft skills and personality development

• Collaborative arrangements for acquiring other qualifications

Expectations of Students

Launch pad for a Satisfying Future

• CS to be established as a Corporate Governance professional

• Promote compliance management

• Enhance employment opportunities by focused marketing of the course

• Increase visibility and build a distinct brand

• Global collaborations and tie ups

Expectations of Members in Employment

Reposition as ‘Corporate Managers’

• Strengthen practice side by recognitions and capacity building

• Improving quality of services

• Gaining competitive edge over other professions

• Bringing global perspective at all levels

Expectations of Members in Practice

Enabling Members in Practice to perform as ‘Corporate Advisors’

• Make ICSI a world class institution

• Create growth opportunities for the employees at all levels

• Additional human resources and infrastructure to deliver better quality of services

Expectation of Employees

Grow along with ICSI



Environment Scan

Resource Audit



Organization Design

Management System

Implementation

Environment Scan

Domestic Environment

Economic and Business

Environment

Legal & Regulatory

Other AspectsTechnological

Domestic Environment Global Environment



Environment Scan

Resource Audit



Organization Design

Management System

Implementation

Resource Audit

Resources available

Knowledge and Information

Physical Infrastructure

FinancesHuman Resources

• Secretarial Audit recommended by Parliamentary Committee

• National Company Law Tribunal ( NCLT )

• New departments like Taxation, Risk management, HR, Project Finance, Internal Audit etc.

• New areas/ sectors in addition to legal and finance like IPRs, Banking and insurance, FEMA, Merchant banking, Telecom, Electricity NGOs, Education, Environmental Laws, GRI Reporting.

• New recognitions like competition law, valuation, insolvency laws, revival & rehabilitation.

• Global opportunities including WTO

Opportunities

• Quality of Services

• Competition from other professions

• Fast technological changes in all spheres

• New players in education field – more options to the students

• Adapting to regulatory reforms

• Over dependence on legal recognitions

• Acquiring and retaining talents

Challenges

• Statutory recognition under Company Secretaries Act, 1980 and Companies Act, 1956

• Leader in facilitating corporate governance and compliance management

• Students’ trust and confidence

• Trust and confidence of the regulators

• Industry confidence and recognition

• Proximity to the Board and top management

• Delivering wide range of services

• Global networking

Strengths

• Infrastructure gaps

• Quality of services

• More Training in soft skills, IT skills, drafting, advocacy and managerial skills required

• Better interaction with regulators and industry required

• Practice side to be strengthened

• Need for development of entrepreneurial skills in members

• Mid career growth

• Need for enhanced involvement of senior members

• Improvement in Placement services required • • Global perspective required to be brought in.

• Quality of new entrants to be ensured

Weakness



Environment Scan

Resource Audit



Organization Design

Management System

Implementation

“To develop the highest calibre professionals,

facilitating good Corporate Governance.”

Mission

24

“To be a global leader in the development

of professional specialists and in

Enhancing Corporate Governance Standards ”

Vision



Environment Scan

Resource Audit



Organization Design

Management System

Implementation

“To attract the brightest of the students, transforming them into versatile highest calibre corporate

professionals by providing the best of education and training and positioning them as corporate managers”

Objectives for Students

• Strengthening syllabus

• Bringing practical orientation

• Improving teaching methodology

• Providing best training

• Focus on soft skills and personality development

Strategies for Students

“To enable members to become ‘Corporate Managers’ responsible for total compliance management and adoption of good corporate governance practices along with adding

value and maximizing wealth for the company and its stakeholders as a part of management”

Objectives for Members in Employment

• Enhancement in placement opportunities

• Continuous interaction with industry

• Diversification in new areas / sectors

• Enabling members to reach senior management positions

• Development of managerial skills

Strategies for Members in Employment

“To enable the members in practice to serve as ‘Corporate Advisors’ providing quality compliance

management, advisory and representational services in all the areas of corporate activities ”

Objectives for Members in Practice

• Continuous interaction with regulators

• Encouraging members to venture out in new areas

• Capacity building through workshops / short duration courses

• Improving quality of services

Strategies for Members in Practice

• Making ICSI a world class institution

• Enhancing brand and visibility of the profession

• Bringing global perspective at all levels

• Playing role of national and global leader in promotion of Corporate Governance

• Conducting cutting edge research

• Maintaining highest standards of values and ethics

Strategies for the Profession



Environment Scan

Resource Audit



Organization Design

Management System

Implementation

• Value Added and Quality Services to Industry

• National and Global role in Corporate Governance and CSR

• Enabling members in employment to become ‘Corporate Managers’

• Enabling members in practice to become ‘Corporate Advisors’

• Diversification in new areas / sectors

• Quality to match international standards

• Enhance visibility and brand value in country and beyond

• ICSI to be world class professional education institute

• Maintain highest standards of values and ethics

Thrust Areas for the Next Decade

1. Development of a cadre of competent professionals;

2. Improvement in infrastructure with special attention on Regional Offices

and Chapters;

3. Making ICSI the best institute to deal with;

4. Providing best training to the students;

5. Continuous interaction with regulators and industry;

6. Enhancement in placement opportunities;

7. Improvement in visibility of the profession;

8. Increasing membership strength;

9. Enhancement in financial resources; and

10. Providing leadership on global map

Top 10 Goals for next 4 Years – Rolling Plan

• Action plan to implement strategies have been formulated mentioning the time period and the Committee / Dept. of the Institute responsible for further planning and action on those strategies.

• The respective Committees/ Dept will regularly review those actions and report the same to the Council.

• Vision Implementation Committee is proposed with fixed term of 3 years

• Meeting of Council held in Nov./ Dec. every year shall review the progress of Vision 2020.

Action Plan and Implementation

Thank you

Ravi Kastia

icsi vision 2020

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