Gail India , ITC, Larsen &Toubro Infotech & Aanjaneya Lifecare are eying to win the Coveted Award

Gail India , ITC, Larsen &Toubro Infotech & Aanjaneya Lifecare are eying to win the Coveted Award
3rd Annual India Leadership Conclave 2012 will select India’s Most Valuable Company on “Corporate Governance, Ethical Practice & Sustainability Vision” Award
Maharashtra: Mumbai, India, Wednesday, 24th March 2012 : Corporate Governance, fair & ethical practice of business transactions & adherence to strict rules & regulations by the companies as laid down by SEBI & other statutory authorities are of paramount importance for a healthier economic growth & Indian Companies are now increasingly aware of this vital aspects as they are under the purview of both internal & external stakeholders. Brand India specially the Indian Inc has of late been a subject of controversy in the light of many scams & kick-backs noticed by most of the listed companies in India, as a result, the picture of a strong & sustainable growth has taken a toll forcing the companies to revisit their business plans & ethical practice . 3rd Annual India Leadership Conclave & Indian Affairs Business Leadership Awards 2012 ( www.indialeadershipconclave.asia ), www.indialeadershipconclave.net hosted by Indian Affairs Group (www.indianaffairs.in ) to be staged in Bengaluru on Friday, 6th April 2012 at Hotel lalit will honour & felicitate this important coveted Award Category titled “Corporate Governance, Ethical Practice & Sustainability Vision” to a company that imbibes strong deep rooted practices in corporate governance, ethics, Foreign PE Funds, FII ,Share holders concerns etc. In the nomination to this vital Award category are four major companies such as 1. Gail India Limited 2. ITC Limited 3.Larsen &Toubro InfoTech Ltd 4. Aanjaneya Lifecare Ltd.
It is widely acknowledged that in line with global trends in Corporate Governance in context of Listed companies as well as Family run Corporations and the responsibility of the Board of Directors towards stakeholders and society at large are of great concerns & one will also understand the concept of Board effectiveness and Ethics practices and how various corporations can improve performance of the Boards. Corporate Governance in global environment is having an impact on economic development in an increasing manner with issues like Corruption, Accountability, Non Governance, Board Ethics and Social responsibility of Global Corporations.
Today’s Board of Directors has increased responsibility from all stake holders – Governments, Shareholders and Society at large. Corporate Governance is concerned with holding the balance between economic and social goals and between individual and communal goals. The corporate governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources. The aim is to align as nearly as possible the interests of individuals, corporations and society. Unlike South-East and East Asia, the corporate governance initiative in India was not triggered by any serious nationwide financial, banking and economic collapse but the coming days are going to be the testing times.
Under these perspectives in mind, Indian Affairs Leadership Awards will judge very minutely as to how these shortlisted nominees such as 1. Gail India Limited 2. ITC Limited 3.Larsen &Toubro InfoTech Ltd 4. Aanjaneya Lifecare Ltd will be able to live the expectations from the corporate India who will vote the coveted & credible title Award of the final nominees under the category of India’s Most Valuable Company on “Corporate Governance, Ethical Practice & Sustainability Vision” .