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Global Company Secretary PAVAN KUMAR VIJAY, PRESIDENT

Global Company Secretary PAVAN KUMAR VIJAY, PRESIDENT

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Page 1: Global Company Secretary PAVAN KUMAR VIJAY, PRESIDENT

GlobalCompanySecretary

PAVAN KUMAR VIJAY, PRESIDENT

Page 2: Global Company Secretary PAVAN KUMAR VIJAY, PRESIDENT

Global Future

Common Business Law and Procedures

Standards Corporate Governance Practices and Disclosure Standards

International Secretarial Standards

Harmonisation of Services rendered by Company Secretaries

Easy Compliance and Impossible Non-compliance

International Networking and development of Multinational Company Secretarial Firms

Page 3: Global Company Secretary PAVAN KUMAR VIJAY, PRESIDENT

Emerging Need of Company Secretaries

Need for Good Corporate Governance

Adherence to Law and National Policies

Advisory to Board on their statutory role, duties and accountability

Advisory to top management on Legal and Strategic Matters

Conscience Keeper of Corporates

Page 4: Global Company Secretary PAVAN KUMAR VIJAY, PRESIDENT

Global CS - Common Issues

Ignored Identity in UN CPC (Central Product Classification)/ WTO Classification

Negligible Cooperation between Company Secretaries Institutes Worldover

Different Legal Status of Company Secretaries Across Countries

Different Qualification Standards

Diverse Corporate Governance Practices

Page 5: Global Company Secretary PAVAN KUMAR VIJAY, PRESIDENT

Global CS - Common Issues

Misinterpretation of word “Secretary”

Many Interchangeable Designations

“Company Secretaries”

“Chartered Secretaries”

“Corporate Secretaries”

“Certified Public Secretaries”

Page 6: Global Company Secretary PAVAN KUMAR VIJAY, PRESIDENT

There is need to work out

DISTINCT BRAND

Page 7: Global Company Secretary PAVAN KUMAR VIJAY, PRESIDENT

The Strategy

Setting up Apex Body of Company Secretary Institutes Worldover

for

Promotion and Development of Company Secretaries Profession

Page 8: Global Company Secretary PAVAN KUMAR VIJAY, PRESIDENT

Proposed Name of Apex Body

International Federation of Company Secretaries

Institutes (IFCSI)

Page 9: Global Company Secretary PAVAN KUMAR VIJAY, PRESIDENT

Proposed Principal Objectives of the IFCSI

Promotion and Development of Profession

Assistance in establishing CS Institutes in countries not having such Institutes

Cooperation with institutions/ bodies engaged in furtherance of cause of good corporate governance

Developing Global Research Centre and Global Knowledge Warehouse – a platform for sharing knowledge

Page 10: Global Company Secretary PAVAN KUMAR VIJAY, PRESIDENT

Proposed Principal Objectives of the IFCSI

Common designation of Company Secretaries

Common Code of Ethics and disciplinary action process

Standard mechanism for dispute resolution between members

Secretarial Standards for harmonising diverse secretarial practice across the globe

Standardisation of Curriculum and Qualification Standards

Page 11: Global Company Secretary PAVAN KUMAR VIJAY, PRESIDENT

The Progress So Far

Matter deliberated at the Council

We started the dialogue on formation of the IFCSI with CS Institutes Worldover

Positive response received from many Company Secretaries Institutes worldover

Communication with ICSI Members abroad to identify the opportunities in foreign countries

Page 12: Global Company Secretary PAVAN KUMAR VIJAY, PRESIDENT

Till we form the IFCSI

We can:

Share knowledge

Exchange Publications

Hold Joint Programmes

Page 13: Global Company Secretary PAVAN KUMAR VIJAY, PRESIDENT

With coming together of all

Company Secretaries Institutes

Worldover

Page 14: Global Company Secretary PAVAN KUMAR VIJAY, PRESIDENT

we will always

SHINEGROW

Prosper

Page 15: Global Company Secretary PAVAN KUMAR VIJAY, PRESIDENT

Thank You