Strategic Action Plan for 2013 -14 and Building

Strategic Action Plan for 2013 -14 and Building on SAP for the Next year at Interactive session 41 st National Convention of Company Secretaries, Chennai

SAP for 2013 -14 • As a sequel to adoption of ICSI vision 20 -20 and top 10 goals by the Council of the Institute, the Council approved the Strategic Action Plan for the year 2013 -14. • SAP, contains 204 activities, with defined quarter wise timelines and clearly spelt out responsibilities.

Broad Areas of SAP for 2013 -14 Effective student services Better academic support Rationalised training structure Improved examination systems Members Welfare Upgrading the capabilities Adoption of emerging technologies Upgradation of resources and Infrastructure Better governance of the Institute & better regulation of Profession • Image building • • •

STUDENTS • Student Assistance –grievance redressal, helpline IVR, FAQs, Students outreach programmes • Efficient Service-online registration/enrollment/examination, supply of estudy material, direct delivery of physical Study material • Relevance of Study Material-better quality of study material, study distance education technologies • Better Academic Support- review of PPP Model, Oral tution Guidelines, Knowledge portal, requirement of CC, E-learning support, exploring dual degrees • Rationalisation of Training- review of training requirements, adequacy of training opportunities • Learning while Working-Corporate Compliance executive programme • Improvements in Examination-online examination, any time anywhere examination and automated examination system.

MEMBERS • Welfare of Members- Popularise CSBF, Professional indemnity insurance, re-enrollment of defaulter members, health insurance • Seeking Recognitions-academic recognitions, review of policy for seeking professional recognitions/admission of fellows, need for practicing CS services • Upgrading Capability- launch of PMQ Courses • Keeping Abreast-Learning companies Bill, Guidance Note, Collective Provision of e-resources, Policy on Continuing professional education • Better Service by PCSs-Review of peer review mechanism

BUILDING CAPACITY OF INSTITUTE Adoption of Emerging Education Technologies Upgrading HR Resources Focussed Attention-establishment of new units Upgrading Infrastructure Centres of Excellence-policy on setting up Centres, ICSI Governance foundation • Leverage Alumni Strength-database of Resource Persons, Promote Alumini Forum • • •

ADMINISTRATION AND MANAGEMENT OF INSTITUTE • Intra-Institute Co-ordination-Intra office visits, ERP at all offices, review/implementation of Guidelines • Compliance with Various Laws • Databases-Link Student database with Membership database • Safety and Security

GOVERNANCE OF INSTITUTE • • Institutional Reforms-Review of CS Act, Regulations, Chapter Guidelines, Study of organisation structure, Rationalisation of Committees Responsible Decision Making-Framework for development of Corporate Governance professionals, streamline professional procedures Role Clarity- Council vs Regional Councils vs. Chapter management Committees, Induction Manual Building Capability of Management Committees REGULATION OF PROFESSION • • Reforming Disciplinary Process – Transparency, Issuance of reasoned orders Regulating Profession- strengthening Regulatory framework

IMAGE BUILDING • Promote Corporate Governance – CG Rating, Training and certification of director, Database of independent directors, review and implementation of Secretarial standards • Improving Quality of Journals – focus issue of Chartered Secretary, transparent assessment of articles, • Knowledge Leadership-Text book on Companies act, directors Handbook, CG Handbook, Company Law referencer, TV episodes, • Tapping Untapped Market • Transparency-disclosure of agenda and minutes of Meeting • Engagement with Authorities viz. MCA, SEBI, CCI • Affiliation for Research with researchers, academic/research institutions • Visibility- Media campaign, industry Interaction, rich website

Implementation of SAP 2013 -14 • • Number of activities in Quarter 1 & 2 Number of activities completed in quarter 1 & 2 Number of activities near completion/in progress Number of activities beyond 2013 -14 - 137 - 65 - 70 - 02 Many activities in quarter 3 has also been initiated.

Building on SAP 2014 -15 • To follow-on meeting to review, revise and possibly redraw our Strategies in the current dynamic scenario, the Council decided to have a Strategy Meet. • As part of Consultative process, Inputs were invited from Council Members, Regional Councils/Chapters and HODs. • The thoughts/inputs were clustered in the broad seven themes and were deliberated over a time span of 17 hours.

Broad Themes discussed at Strategy Meet • Understanding Ground Realities • Developing the Profession – Value Creation • Developing Profession – Education • Developing Profession -Continuing Education • Developing Profession – Regulation • Building Institute • Governance of Institute

Takeaways from the Strategy Meet • Understanding Ground Realities Bring out the ICSI Fact Book • Developing the Profession: Value Creation CS to strive for “Sathyam Vada, Dharmam Chara. ”

Developing the Profession: Education • Focus on communication ability of students/members • Develop attitude of students and members for shouldering responsibilities • Put a team to develop high quality content • Build academics capability and create knowledge • Attract right students, give right education, impart right training, and provide right continuing education • Launch ICSI online academy • Provide quality videos on professional subjects • Provide quality class room coaching Contd…. .

Developing the Profession: Education • Start full time course for 500 Students (100 each from each RO and CCGRT) • Seek recognition for awarding Ph. D. • Include CS Act in syllabus • Bring 4, 500 CS pass students to membership • Bring 80, 000 intermediate pass students to final course Move to online foundation examination • Move to OMR executive examination • Provide re-evaluation of answer sheets in professional examination • Start open book examination at professional examination

Developing the Profession: Continuing Education • • • Analyse data on PCHs earned by members Look at data on PCHs made available Letter to defaulting members in November, 2013 Escalate action against defaulting members Revisit CPE policy Provide both Certification and PCH Options Have special programmes on what the new Act means to Chairman/MDs, IDs, etc. Improve quality of programmes so that members are attracted Have programmes in niche areas instead of most programmes on company law Outsource workshop / make video to enable members to practise in NCLT Outsource workshop / make video to enable members to play KMP Contd….

Developing the Profession: Continuing Education • to contact NLSUI for a 3 -month diploma on NCLT / NCLAT • to contact NALSAR for a 3 -month diploma on NCLT / NCLAT • Operationalise CLC decision on providing expert advice for 200 queries at a cost of Rs. 20000 each queries • Provide professional guidance to members • Recover full revenue cost from programmes • Have partnership with FPP persons on revenue sharing or breakeven pricing • Don’t fix fees for services of PCS and salary for employed members • to meet Ministry to convince them on monthly stipend of Rs. 2000 to students • Retain surplus from Convention with HO • Groom CS as IDs

Developing the Profession: Regulation • Strengthen regulatory mechanism • Council to lay down parameters for other misconduct • Constitute Bo. D to include an outside expert and selected member carefully • Have a dedicated Director for Discipline • Notification of disciplinary staff / officers under the Act

Building the Institute • • • Build a 100 acre campus for developing the profession (CS Ashok Pareek, CS Khare, CS Hegde, and CS Umesh Ved to explore land in Rajasthan, Maharashtra, Madhya Pradesh and Gujarat respectively). Research activities to be centralised at the main campus No new Centres of Excellence Shift WIRC to CCGRT and Hyderabad Chapter to new place acquired in Hyderabad Have training centres for imparting training to students in four major locations in cities where RCs are located Operationalise support offices on rented premises Have a separate internal audit Cell directorate at HQs Follow up on income tax exemption Ascertain cost of services to students and members The performance of senior most officer at RO and CO should be done jointed by Chairman (50%) and CE/Secretary (50%) The performance of other officer at RO and CO should be done by senior most officer at RO/CO Contd…

Building the Institute • • • • Provide induction programme for new recruits Have a policy on employee mobility Have an integrated E-platform with a ‘A’ class vendor Put ERP under oversight of Secretary / CE Extend ERP to all locations Undertake BPR exercise Have periodic review of COs/ROs Select Ho. Ds to visit / meet ROs/COs/ their Officials Internal Audit should cover compliance with guidelines Demarcate jurisdiction for RCs and CMCs No new Chapter to be opened Welcome closure of Chapters Train members of Governing Bodies at all levels for a week at the time of joining

Governance of Institute • Abide by ‘Sathyam Vada, Dharmam Chara. ’ • Strengthen oversight of RCs, ROs, CMCs, and COs • Every Meeting of every Committee would indicate which items would go in the form of an agenda note for approval of Council • To develop a framework for / guide evaluation of Governing Bodies at all levels and each member of such bodies • To assess risks to Profession and the Institute and suggest measures for management of such risks. • Follow a consultative approach for making guidelines • Every meeting of every Committee to indicate which of its decisions /recommendations will go to Council through a separate agenda note.

Views/Suggestions invited You may please send your views/suggestions for development of Strategic Action Plan for 2014 -15 at president@icsi. edu

Thank you