Company secretaries should adopt speak-up culture: Deepak Parekh
Renowned banker Deepak Parekh recently expressed his views on the role of company secretaries in ensuring higher standards of corporate governance. He was speaking at 21st ICSI National Awards for Excellence in Corporate Governance. He urged company secretaries to adopt a culture of expressing his/her views. This statement could taken in the sense which empower such professionals to speak whenever their organizations working is not align with governance norms. Mr. Parekh also suggested learning differentiating between data and information to enable board members to constructively act on developments. He said that the judgement of company secretaries is sacrosanct and they are the bridge between understanding what the regulator expects and how the board actually functions. He also suggested to look deep inside the structure of their groups for ensuring that there are no compliance loop holes highlighting that unlisted subsidiaries, associates companies tend to receive less scrutiny.
