ICSI VISION 2020

1. ICSI VISION 2020

2. Vision 2020 • Need to reshape the profession with long-term vision to: • meet new expectations of stakeholders, • capitalize on new opportunities, • meet new challenges of the next decade • The Council of the Institute decided to draw up ICSI Vision 2020 and for the purpose constituted a Core Group ICSI - Delivering Value for more than 4 decades

3. Constitution of Core Group Core Group to be supported and assisted by the President and Secretary & CEO, ICSI.

4. Conceptual Framework Multiple Stakeholders & Rising Expectation Institute Mission & Objectives Resource Audit Environment Scan Long Term Vision & Goals Strategic Directions Organization Design Management Systems Implementation Feedback loop for correction and learning Integrated Management Model

5. Conceptual Framework • Multiple Stakeholders and Rising Expectations • Institute Mission & Objectives • Environment Scan • Resource Audit • Long Term Vision and Goals • Strategic Directions • Organization Design • Management System • Implementation

6. Stakeholders’ Survey • Market Survey by the team of ICSI through • Personal Interviews • Seminars • Meetings at Chapters Level • On-line survey • Desk Research

7. Expectation of Trade & Industry • Improving personality and personal traits - versatility, communication, confidence, business attitude, managerial skills etc. • Carving out new areas - indirect taxation, SME sector, governance of unlisted companies, risk management, fund management and wealth creation, etc. • Technical competencies - legal drafting, updated knowledge of law, global perspective and advocacy skills. Value Addition and Quality

8. Expectation of Regulators • In-depth knowledge and quality, expertise in legal drafting and pleading skills • Capitalize on existing and new opportunities • Changing the members’ learning approach • Improve quality Highest Standards of Values and Ethics

9. Expectations of Society • Create employment opportunities • Promote impeccable standards of corporate governance • Educate the corporate sector about CSR • Investor education and protection • Train and develop management leaders • Undertake Social Service Nurture sound professionals & conscience keepers

10. Expectations of Students • Good career opportunities • On-line services • Better infrastructure facilities • Updated, simple and interactive syllabus • Industry oriented practical training • Programs on soft skills and personality development • Collaborative arrangements for acquiring other qualifications Launch pad for a Satisfying Future

11. Expectations of Members in Employment • CS to be established as a Corporate Governance professional • Promote compliance management • Enhance employment opportunities by focused marketing of the course • Increase visibility and build a distinct brand • Global collaborations and tie ups Reposition as ‘Corporate Managers’

12. Expectations of Members in Practice • Strengthen practice side by recognitions and capacity building • Improving quality of services • Gaining competitive edge over other professions • Bringing global perspective at all levels Enabling Members in Practice to perform as ‘Corporate Advisors’

13. Expectation of Employees • Make ICSI a world class institution • Create growth opportunities for the employees at all levels • Additional human resources and infrastructure to deliver better quality of services Grow along with ICSI

14. Conceptual Framework • Multiple Stakeholders and Rising Expectations • Institute Mission & Objectives • Environment Scan • Resource Audit • Long Term Vision and Goals • Strategic Directions • Organization Design • Management System • Implementation

15. Environment Scan Domestic Environment Global Environment

16. Conceptual Framework • Multiple Stakeholders and Rising Expectations • Institute Mission & Objectives • Environment Scan • Resource Audit • Long Term Vision and Goals • Strategic Directions • Organization Design • Management System • Implementation

17. Resource Audit

18. Opportunities • Secretarial Audit recommended by Parliamentary Committee • National Company Law Tribunal ( NCLT ) • New departments like Taxation, Risk management, HR, Project Finance, Internal Audit etc. • New areas/ sectors in addition to legal and finance like IPRs, Banking and insurance, FEMA, Merchant banking, Telecom, Electricity NGOs, Education, Environmental Laws, GRI Reporting. • New recognitions like competition law, valuation, insolvency laws, revival & rehabilitation. • Global opportunities including WTO

19. Challenges • Quality of Services • Competition from other professions • Fast technological changes in all spheres • New players in education field – more options to the students • Adapting to regulatory reforms • Over dependence on legal recognitions • Acquiring and retaining talents

20. Strengths • Statutory recognition under Company Secretaries Act, 1980 and Companies Act, 1956 • Leader in facilitating corporate governance and compliance management • Students’ trust and confidence • Trust and confidence of the regulators • Industry confidence and recognition • Proximity to the Board and top management • Delivering wide range of services • Global networking

21. Weakness • Infrastructure gaps • Quality of services • More Training in soft skills, IT skills, drafting, advocacy and managerial skills required • Better interaction with regulators and industry required • Practice side to be strengthened • Need for development of entrepreneurial skills in members • Mid career growth • Need for enhanced involvement of senior members • Improvement in Placement services required • Global perspective required to be brought in. • Quality of new entrants to be ensured

22. Conceptual Framework • Multiple Stakeholders and Rising Expectations • Institute Mission & Objectives • Environment Scan • Resource Audit • Long Term Vision and Goals • Strategic Directions • Organization Design • Management System • Implementation

23. Mission “To develop the highest calibre professionals, facilitating good Corporate Governance.”

24. Vision “To be a global leader in the development of professional specialists and in Enhancing Corporate Governance Standards ”

25. Conceptual Framework • Multiple Stakeholders and Rising Expectations • Institute Mission & Objectives • Environment Scan • Resource Audit • Long Term Vision and Goals • Strategic Directions • Organization Design • Management System • Implementation

26. Objectives for Students “To attract the brightest of the students, transforming them into versatile highest calibre corporate professionals by providing the best of education and training and positioning them as corporate managers”

27. Strategies for Students • Strengthening syllabus • Bringing practical orientation • Improving teaching methodology • Providing best training • Focus on soft skills and personality development

28. Objectives for Members in Employment “To enable members to become ‘Corporate Managers’ responsible for total compliance management and adoption of good corporate governance practices along with adding value and maximizing wealth for the company and its stakeholders as a part of management”

29. Strategies for Members in Employment • Enhancement in placement opportunities • Continuous interaction with industry • Diversification in new areas / sectors • Enabling members to reach senior management positions • Development of managerial skills

30. Objectives for Members in Practice “To enable the members in practice to serve as ‘Corporate Advisors’ providing quality compliance management, advisory and representational services in all the areas of corporate activities ”

31. Strategies for Members in Practice • Continuous interaction with regulators • Encouraging members to venture out in new areas • Capacity building through workshops / short duration courses • Improving quality of services

32. Strategies for the Profession • Making ICSI a world class institution • Enhancing brand and visibility of the profession • Bringing global perspective at all levels • Playing role of national and global leader in promotion of Corporate Governance • Conducting cutting edge research • Maintaining highest standards of values and ethics

33. Conceptual Framework • Multiple Stakeholders and Rising Expectations • Institute Mission & Objectives • Environment Scan • Resource Audit • Long Term Vision and Goals • Strategic Directions • Organization Design • Management System • Implementation

34. Thrust Areas for the Next Decade • Value Added and Quality Services to Industry • National and Global role in Corporate Governance and CSR • Enabling members in employment to become ‘Corporate Managers’ • Enabling members in practice to become ‘Corporate Advisors’ • Diversification in new areas / sectors • Quality to match international standards • Enhance visibility and brand value in country and beyond • ICSI to be world class professional education institute • Maintain highest standards of values and ethics

35. Top 10 Goals for next 4 Years – Rolling Plan • Development of a cadre of competent professionals; • Improvement in infrastructure with special attention on Regional Offices and Chapters; • Making ICSI the best institute to deal with; • Providing best training to the students; • Continuous interaction with regulators and industry; • Enhancement in placement opportunities; • Improvement in visibility of the profession; • Increasing membership strength; • Enhancement in financial resources; and • Providing leadership on global map

36. Action Plan and Implementation • Action plan to implement strategies have been formulated mentioning the time period and the Committee / Dept. of the Institute responsible for further planning and action on those strategies. • The respective Committees/ Dept will regularly review those actions and report the same to the Council. • Vision Implementation Committee is proposed with fixed term of 3 years • Meeting of Council held in Nov./ Dec. every year shall review the progress of Vision 2020.

37. Thank you Ravi Kastia