Governing economics

Updated on: Monday, November 23, 2009

Kolkata: St Xavier’s College Kolkata, in collaboration with UGC, held a two-day seminar on November 20 and 21 on the issue of Governing Business in the 21st Century. The aim of the event was to enlighten the participating delegates and students on the opportunities and the challenges in the filed of corporate governance.
While the first day featured presentations on Economic and Financial Issues of Business Governance as well Issues in the Management of Governing Business. The speakers were Dipankar Dasgupta, ISI, India, Biswajit Chatterjee, Jadavpur University and Anil Murarka ICSI, India for the former and N R Banerjea, WBEIDC, Mrityunjoy Mohanty, IIM Kolkata, and Anjan Chakraborti, Calcutta University for the latter.
Chetan Suresh, a first-year student, said, “We need to be cautious about regulations, especially in terms of prevention of exploitation of consumers and the environment and the manipulation of the market. Corporate governance is synonymous with corporate social responsibility.”
The second day saw sessions on Technology-Related Issues and Regulatory Issues in the field of Business Governance. The speakers at the first session were Sarthak Chandra, CEO, SARV Solutions, Goutam Sengupta, CEO, Videocon Industries, Malay Mitra, senior manager, Tata Tea.

Vinod Kothari, IIM, Kolkata, Sumit Goswami, PWC and Ahana Banerjee, a second-year M Com student, helmed the second session.
Speaking of the event, second-year student Rishab Dhwaj, said, “There were a number of issues that were thrown light upon which is a very important thing for young minds like ours in a impressionable stage to be educated about. Firstly, there is a clear division between laws and regulations where we need to realise how to handle discrepancies in the field to a positive outcome.“
Sumit Goswami, a panellist at the event, signed off saying, “Profit making and profiteering are very different and so are responsible risk taking and reckless risk taking. We need to clarify the lines between the two so as to create an environment conducive to corporate and humanist ethicality.

Governing economics

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