Economy

‘Corporate e-governance will help curb corruption'

Our Bureau Visakhapatnam | Updated on February 27, 2011 Published on February 27, 2011

In view of the many scams and scandals shaking the nation of late, it is absolutely essential to make use of the tools offered by the information technology to improve corporate governance and promote transparency in public life, according to the former Union Secretary, Coal Ministry, Mr P.C. Parakh.

He was delivering a speech here on Saturday evening after inaugurating a three-day conference on corporate e-governance, jointly organised by the Vizag Chapter of the Computer Society of India, Visakhapatnam Steel Plant, the Visakhapatnam IT Association and the Nasscom.

e-auctions

He said e-procurement and e-auctions would go a long way in checking corruption and narrated how e-auctions had resulted in a saving of Rs 1,000 crore to Coal India. The system was introduced when he was the Secretary.

“Our record is very poor, if we go by the survey of the Transparency International. We have the dubious distinction of being one of the most corrupt nations in the world. We must improve our image. We must introduce IT systems and improve accountability at every level,” Mr. Parakh remarked. He said it was all the more essential in India, as many of the private companies were controlled by families. “It is, therefore, essential to protect the interests of the large number of dispersed small share-holders. We must have these systems in place to protect all stakeholders,” he added.

The President of the Computer Society of India, Prof P. Thrimurthy, said Andhra Pradesh was one of the States which had taken up e-governance seriously and introduced several measures. Other States such as Gujarat were also following the same route. “It is necessary to promote e-governance at all levels, whether it be in the companies, or Government organisations and departments, or the other public institutions.

Single-platform

It makes for greater efficiency, transparency, cost-cutting and cleaner public life,” he said and added that CSI would strive to bring all the professionals under a single platform and promote interaction on the vital issue.

The Director (Operations), Visakhapatnam Steel Plant and also the Chairman of the Vizag Chapter of the CSI, Mr Umesh Chandra, and the Director (Projects), VSP, and also the Vice-Chariman of the local chapter of the CSI, Mr. A.P Chowdary, also echoed the same views. The president of the Visakhapatnam IT Association, Mr B. Murali, also spoke.

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Published on February 27, 2011
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