The Hindu Business Line : Opportunities for CAs in the capital market

The most vibrant sector is the capital market, says Handbook on Capital Market Regulations, from the Institute of Chartered Accountants of India (www.icai.org). The sector is governed by regulations that keep evolving with the times. And it offers opportunities to CAs, `not just in the certification assignments but also in representation before various authorities,' says the author, Anup P. Shah.

While CAs' certification is required for ESOP (employee stock options), preferential issue and so on, representation can be `before the investigative department, adjudicating officer, enquiry officer, whole-time member, and SEBI Chairman.' Shah notes that several SEBI cases are based on scrutiny of stock market data, order logs, trade logs, volume data, price trends, etc., in which CAs' analytical skills are apt.

Informative read.

Good boss and the I-boss

John Hoover defines `idiot bosses' as `the mutant hiccups of organisational evolution with cockroach-like immunity to calamities that wipe out truly talented and creative people'. The bad news is that I-bosses are usually in charge; but the good news is that talented and dedicated people can rise above the situation and thrive in spite of their I-bosses, as How to Work for an Idiot, from Jaico explains.

The author organises the world of bosses into eight sub-categories. Top in the list is the good boss, who leads the way you like to be led.

"Good bosses have the self-awareness to understand how they like to be treated and the common sense to figure out that other people probably like to be treated the same way... Good bosses provide a constant flow of clear and concise information and encourage you and the rest of your team to do the same." At the bottom is the I-boss! Fun stuff.

The engaged givers

Generosity is fashionable again, declares Charles Handy in The New Philanthropists, from William Heinemann (www.randomhouse.co.uk). While charity is not news, what is striking is that the givers are different. "They want to be involved, to initiate, not just respond."

For instance, "Bill Gates takes the strategic foresight he used to build Microsoft and applies it to the projects of his foundation." Venture philanthropy is another idea from the private capital market, offering social rather than financial returns.

The book portrays `a new generation of practical philanthropists, men an women who have made their own fortunes and decided to move on from financial success to try to help those in need." Essential addition to your bookshelf.

Tailpiece

"Too many people were quitting, so... "

"You had to continually reconfigure your work?"

"Plus, we had to lump the farewells?"

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