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Accountancy Info-Tech - Internet Web Extras - Education E-learning will benefit students from rural, remote areas: ICSI D. Murali Chennai, Nov. 3 The e-learning portal that the ICSI (Institute of Company Secretaries of India) launched recently will be both asynchronous and synchronous, informs Ms Preeti Malhotra, President of the institute. She anticipates that the new the facility, which would be accessible on home desktops and from Internet cafes, on a 24x7 basis, will especially benefit students from rural, semi-urban and remote areas looking for company secretarial education. “Their learning, self-evaluation, querying, interactive education needs will all be satisfied through this modern distance learning process,” says Ms Malhotra, during the course of an e-mail interaction with Business Line. “After the virtual class room model is launched, e-learning will provide opportunity to students to interact with faculties and co-students online and live.” Excerpts from the interview. Are you developing courses relating to capital market needs? Yes. The ICSI is designing training programmes and modules in various aspects of capital market functioning to make the company secretary proficient in both the Indian and international securities and commodities market. What are the programmes about? In collaboration with BSE Training Institute, we are launching training programmes in financial analysis, securities analysis, share valuation, derivatives, stock exchange working, market analysis, investment analysis, and functioning of market intermediaries, brokers and portfolio managers. We expect that company secretaries will acquire expertise in international securities markets, listing abroad, international finance etc. through these training programmes. Do you see new avenues opening up for company secretaries? Sure. One such avenue is corporate insolvency. To make company secretaries specialists and experts in managing corporates and corporate assets during insolvency proceedings, the institute has entered into collaboration with INSOL, an international organisation of insolvency specialists. The collaboration will enable the institute conduct training programmes for professionalising the Indian corporate insolvency work. Efficient handling of insolvency work can help the investors, various stakeholders and the economy as a whole by ensuring a faster unlocking and reallocation of resources. Any work on the corporate governance side? Let me tell you about one of our recent initiatives: the directors’ orientation programmes organised by the institute. These aim at imparting better legal and financial knowledge, for effective business orientation, to ensure better boardroom management, board leadership dynamics and visionary team direction, all of which add crucial long-term value and vision to corporate functioning.
We are aware that there are more important factors than the qualifications or legal criteria in deciding who will be better directors for providing board leadership and better governance in corporates. Factors such as the integrity, quality, independence, judgment, knowledge and experience count while acquiring and applying skills of better directorship. Our programmes equip professionals with the necessary knowledge and skills so that they are able to contribute effectively as corporate directors, especially as independent directors. On the new syllabus. The institute is aware of the fast changing knowledge and skills requirements for top grade corporate professionals that are in demand today and will continue to be so in the future. Taking inventory of the demands on company secretaries 10 years down the line, the institute constituted a syllabus review committee and adapted a new syllabus to be implemented from 2008. Adopting contemporary nomenclatures for the three courses to be offered for company secretaryship, the new syllabus will term the three stages as Foundation Programme, Executive Programme and Professional Programme. Apart from rationalising the present syllabi to make them more contemporary and relevant to the needs of corporate, the new syllabus also introduces new concepts and papers, new emphasis and futuristic trends. While too theoretical and quantitative topics are given a go-by, those who pursue company secretaryship under the new syllabus will also acquire the path to mastery over intricacies of corporate finance, international economics and developments, corporate sustainability, ethics and governance and due diligence techniques. On the new training templates. Corporate professionalism comes not only from contemporary theoretical grounding and knowledge base; it also requires acquisition of practical skills, life skills and corporate cultural intelligence. The institute has designed new training templates for students who pass the Professional Programme before they acquire Company Secretaryship qualification. Under a memorandum of understanding with Symbiosis Institute of Management, the institute will be able to provide training in not only current corporate work of all kinds but also in critical skills like leadership, communication, presentation, group discussion, public speaking, negotiations and cultural integration. The aim is to enable company secretaries excel in adding value to corporate functioning in mergers, takeovers, international trade and finance, corporate communication and public relations. Bio: Ms Preeti Malhotra, a fellow member of the ICSI (1991), did her graduation in commerce and law from Delhi University. Elected as the first woman President of the institute, she is the Group President–Corporate Affairs and Company Secretary of SpiceCommunications Ltd, a cellular service provider. Ms Malhotra was a member of the Dr JJ Irani Expert Committee constituted by the Ministry of Company Affairs for inputs on the new company law. An ex-officio member of National Advisory Committee on Accounting Standards in India (NACAS), she is also the member of the Governing Council of National Foundation for Corporate Governance. More Stories on : Accountancy | Internet | Education
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