"For making corporate governance work, we have to go through a profound
metamorphosis and develop an inner value system which prides on ethics, morality,
equity, legitimacy, transparency and values dissent and diversity." read
more ...
The market meltdown is retribution of the bloggers
to manipulators. Investors were shocked and awed seeing
everyone naked when the tide went out.All their gods
started tumbling down. Hence no one trusts any one....
read
full
"Dr
Madhav Mehra is a phenomenon, nothing describes him
better."
Ola Ullsten, Former Prime Minister
of Sweden at the 8th World Congress on Environment Management,
Palampur, 2006
Dr Mehra,
I just read your commentary on Satyam....You made one
of the wisest observations on board failures I've ever
read - "It is difficult to understand something
when your salary depends on not understanding it".Brilliant! Ralph
Ward, Boardroom Insider
"I have known
Dr Mehra for the last 8 years in my capacity as the
Chairman of the Centre for Social Responsibility,.....
Chairman of the S.M. Charitable Trust . I am amazed
by the energy, enthusiasm and dedication that he brings
to every idea he promotes."
P.N. Bhagwati, Former Chief Justice of India
9th International Conference on Corporate Governance
18 - 19 September 2008, Royal Overseas League, London
------------------------------------------------------------------------------------------
"Dr
Madhav Mehra, has played a significant
role to bring about a change in the mindset of the
corporate world. India will remember him as a great
pioneer who foresaw such a need and strove for inculcating
a culture of quality in all spheres of activity."
S
S H Rehman
Executive Director ITC Group of Hotels
Launch of Global Human Chain for PROACTIVATE to Combat Climate
Change
30 May - 1 June 2008, SM Convention Centre, Palampur,
India www.wcfcg.net
------------------------------------------------------------------------------------------
"Rarely
does one come across a legend like Madhav Mehra. I have
witnessed his dedication everywhere: building community
centres for gaddies of Dhauladhar, hospital and school
for slum dwellers in Delhi and addressing corporates
on the social role of their business."
Dr Sahib Singh, Ex-Chief Minister, speaking at SM Medical
Centre, 13.04.04
HONG KONG: Corporate Ethics & Compliance Asia 2008
Transforming Corporate Ethics & Compliance into a Competitive
Advantage 27 - 29 May2008,
Conrad Hotel, Hong Kongwww.beaconevents.com
------------------------------------------------------------------------------------------
"Had Dr Madhav
Mehra just been the founder of the IOD, that in itself
would have been a piece of work tat the present and
future generations would cherish. But by establising
so many other organisations, he has really ensured that
we respect him as a pioneering figure of all te good
that Indian business is striving for."
Javed Husain, Professor
and former Dean of Engineering
ISTANBUL: Keynote address at the CSR Reporting Conference
Corporate Governanvce Association of
Turkey 6 May2008, Istanbul,
Turkey
------------------------------------------------------------------------------------------
"Dr
Mehra has given a unique dimension to CSR. His interpretation
is particularly relevant to us and we must invite him once
again to address our top executives"
Hon'ble Carlton Davis, head
of Jamaica's Civil Service
"Dr Mehra's passion comes
alive from his speeches"
Uma Arora, Chairman
Idam Learning
"Dr Madhav Mehra's keynote
address was the most thought provoking:
N A Patil & R
B Rajpune
8th International Conference on Corporate Governance
Creating a Better World Through Corporate Governance 20-21
September 2007, DTI Conference Centre, London
------------------------------------------------------------------------------------------
At the Buckingham
Palace to celebrate 50th Anniversary of
Duke of Edinburgh Award at the Queen's Garden Party 13 July
2006 ----------------------------------------------------------------------------------------------------------------------
Dr
Madhav Mehra and Dr Ola Ullsten meeting Dr Manmohan Singh,
Prime Minister of India
at his residence in New Delhi on 15th June 2005
Dr Abdul Kalam, President
of India in his meeting with Dr Ola Ullsten, former Prime
Minister of Sweden and Dr Madhav Mehra, while appreciating
the efforts of the World Environment Foundation, advised
that its efforts should be focused on involving school children
in saving the environment as Dr Kalam stated that "
students are our main hope in improving the state of India's
environment". Dr Mehra advised the President about
the essay writing competition that the World Environment
Foundation had organised for the school children in Himachal
Pradesh on subject of "What is wrong with India's environment?
What can I do?"read
full ------------------------------------------------------------------------------------------------
6th International Conference
on Corporate Governance
The role of corporate governance has never been more vital Foreword
, Making Corporate Governance Work Better, London
------------------------------------------------------------------------------------------------------
DUBAI:
3rd CSR Summit, 17-20 September 2006, Dubai
An impressive line-up of international
and regional expert speakers has been assembled which include
amongst others, Dr Madhav Mehra, President
of World Council For Corporate Governance (WCFCG), Paul
Clements-Hunt, Head of United Nations Environmental
Programme (UNEP) Finance Initiative, Dr Ola Ullsten,
Chairman World Council For Corporate Governance (WCFCG)
& Ex- Prime Minister of Sweden, Michael Hölz,,
Managing Director of Deutsche Bank AG and Gavin
Graham, Vice President Business Relations, Shell
Middle East...more;
www.thecsrsummit.com brochure press
release
Madhav Mehra with Matthew Barrett, Group Chairman
Barclays Plc 7th
International Conference on Corporate Governance
11-12 May 2006, Nuffield Hall, London
Corporate governance is at a crossroads today. There are
pulls and pressures from different directions. On the one
hand legislations such as Sarbanes Oxley are taking the
micky out of the business. On the other hand self-regulation
has not worked. Most investors agree with the views of Elliot
Spitzer, US’s crusader against corporate fraudsters,
that honour code among CEOs has not worked.read
full
--------------------------------------------------------------------------------------------------------------------
Dr Madhav
Mehra delivering keynote address at the
Global Conference on Social Responsibility,
16-18 February 2006, Vilamoura, Portugal
...Madhav
Mehra, President of the World Council for Corporate Governance,
stated that in reaching the poor corporates must strive
not to proliferate the products and clutter the environment
while leaving the customers half longing and half spoiled.
Advocating Poor Orientated Innovation and Sustainable &
Ecofriendly Development (POISED) Dr Mehra said, “the
growth agenda should not be built on consumerism but conservationism”.
read full press release ------------------------------------------------------------------------------------------------
Press Release:
Jamaica Notches Up Corporate Governance Kingston,
Jamaica, 25 October, - Jamaica, a Caribbean Island known
for its rum, reggae music, blue mountain coffee, white sand
and sunny beaches was electrified all of two days, October
24-25, with the visit of Dr. Madhav Mehra, president of
the World Council For Corporate Governance to launch the
Jamaica Chapter of WCFCG. In attendance were 120 members
of corporate Jamaica, senators, ministers, senior policy
makers, jurists, chairmen and managing directors of Jamaica’s
largest enterprises. The hosts were Jamaica Employers’
Federation and GovStrat, a corporate governance outfit headed
by Vindel Kerr, Jamaica’s foremost corporate governance
expert read
full ----------------------------------------------------------------------------------------------------------------------
8 World Congress on Environment Management, 9-11 June 2006,
Palampur, HP
INDIAN
SCHOOL OF BUSINESS, HYDERABAD
ISB Leadership Summit 2006: India Next The ISB Leadership Summit (ILS) is the flagship
event of the ISB. The date for it this year was on January
11, 2006, and the theme was “India Next”. The
second keynote delivered by Madhav Mehra stressed the need
for synergies between the government and businesses. He said
that corporate social responsibility (CSR) was currently a
business objective, and that there was a need for “social
good for market capitalisation.”read
full
Dealing with
powder kegs of 2006
Business risks its gravest challenge in 2006
Despite prophesies of gloom, natural disasters, relentless
rise in the oil prices, wide spread predictions of crash
of US dollar, mounting US deficit, 2005 marked the triumph
of human ingenuity, imagination and enterprise to beat the
odds. 2006 was ushered with much great expectations with
the markets registering dizzy growth rates that were hitherto
inconceivable. Not only US has registered a GDP growth of
3.5% but stocks in all emerging markets have grown at 200%
in the last two years. Market valuations registered an increase
of 126% in Egypt, 108% in Columbia, 80% in Russia, 52% in
South Korea & Turkey, 42% in India and 41% in Brazil.
GDP growth rates zoomed to 9.9% in China, 9.8% in Venezuela,
9.2% in Argentina, 8.2% in Hong Kong, 8% in India and 7%
each in Turkey and Russia. China, India, Taiwan, South Korea
and Hong Kong have collectively accumulated $1.5 trillion
worth of foreign exchange reserves. read
full ------------------------------------------------------------------------------------------------
The
opacity of our financial system is a recipe for disaster The corridor
of capital markets continue to remain labyrinths of darkness
dreaded by retail investors. Despite increasing volumes
in recent years, 98 % of the population shuns the stock
market and 45% considers it “a sure way to ruin”.
The World Council For Corporate Governance has, therefore,
been vigorously advocating greater transparency in stock
markets. Stock markets are the best human innovation. But
like parachutes they can function only if open. There is
a public outcry against the dominance of financial markets
by entrenched incumbents. British government’s resolve
to break the hegemony of big four auditors, bring transparency
in the voting of institutional investors and the plea of
EU’s Internal Market Commissioner Charlie McCreavy
for one share one vote are good news. Unless these reforms
are carried out swiftly and vigorously public confidence
in the markets cannot be restored.read
full ------------------------------------------------------------------------------------------------
Sarbanes Oxley Act
- Ushering an Extraordinary Age of Transparency
This
is the year when the curse of Enron really strikes and companies
all over America and abroad are feeling the pinch of regulations
that were put together in the post-Enron crisis. Its high point
is the Sarbanes-Oxley Act. Neither Paul Sarbanes nor Mike Oxley
the two legislators who coproduced the Act, could have imagined
the huge industry spawned in their name that has created a gold
rush for lawyers and auditors. Companies are spending an average
$5 million each to comply with the requirements. read
full
Throughout 2004 World Council For Corporate Governance has drawn
corporate attention to the widening gap between rich and poor
and the governance strategies for bridging it. We have repeatedly
argued that the socio-economic disparities are a serious threat
to the security and sustainability of business. The business should
have a vested interest in thinking of radiCal ways to draw the
poor in to the market economy and reassure them that globalisation
will equally work for them.
Tsunami offers a huge opportunity
to corporates to touch the hearts and minds of survivors and build
their brand. Providing relief and rebuilding affected communities
is the best CSR response the corporates can give and a befitting
tribute to the dead". This was stated by Dr Madhav Mehra, President,
World Council for Corporate Governance who was addressing the business
leaders in Kolkata on his way to Port Blair to visit Tsunami victims.
Providing relief and rebuilding the affected communities
is the best CSR response the corporates can give and a befitting
tribute to the dead
Tsunami catastrophe makes a ghastly end to a grim year writ large
with grisly stories from Iraq interspersed with a booming stock
market. It has been the worst ever disaster of our times.
“Independent
directors are the cornerstones of corporate governance. But
excessive remunerations paid to them has made a mockery of
their independence. An analysis of 2004 compensation data
showed independent directors of top 200 companies are being
paid £97000 for barely 7 days work in a year. Would
you expect such directors to give independent and unbiased
advice? asked Dr Madhav Mehra in his keynote address
at the ASEAN Round Table 2004 organised by Singapore’s
prestigious Institute of South East Asian Studies. download
full text of the speech view
conference images
(from
left) Dr Madhav Mehra, addressing National conference on CSR
Ashok Kapur IAS, Former Principal Secretary, Govt of West
Bengal, Pradeep Baijal Chairman, TRAI, Justice A M Ahmadi,
Justice Bhagwati, Shivraj Patil Home Minister of India, P
Shankar, central Vigilance Commissioner
Wide
Gap between staff, CEO remuneration: study
The Business Age [Asian Age]
London Saturday- Sunday 15-16 November 2003
Dr
Madhav Mehra, president, World Council for Corporate Governance
also expressed his views in saying that CEOs have not been
focusing on creating wealth but manipulating figures to
justify large bonuses to enhance their pay packages and
pointed out that the other reason for corporate collapse
is the "mortal fear in which today's CEO lives off
the stock market, which forces him to inflate quarterly
earnings. We have to educate investors to ignore quarterly
reports and take a long view of the company's performance."
"A
Product that meets customer expectations but pollutes environment
is not a quality product" - says Dr Madhav Mehra, Chairman
World Quality Council in his interview with Delhi Doodarshan TV
Network. Dr
Madhav Mehra interview
With Delhi Doodarshan TV Network
Changing
Role of Business in Society- New Challenges for Directors Dr Mehra's speech at the IOD Foundation
Day, 18 august 2003
Profound change is taking place in
the business landscape. Rapid and accelerating advances in science
and technology are transfiguring the work place as never before.
The knowledge era is empowering the customers and employees, democratising
the social, economic and political institutions and creating a
sustainable relationship between environment and the human kind.
Social and psychological engines fired by the knowledge era are
transforming the business, government and societies all around
the world. This transformation is also wreeking havoc on the institutions,
creating chaos, causing disruption and disequilibrium..full artilce
read more ...
Should
Democracy be shortchanging the Voters
Dr Madhav Mehra
Recent debate on synchronised
polls shows overstated concern for security and constitutional
problems in a change over to simultaneous elections to all seats
for a fixed term of 5 years. The benefits of synchronised poll
to all 543 Lok Sabha and 4039 assembly seats are so overwhelming
that we can no longer afford to view the issue in a partisan context...read
full article...
Changing
Life Styles and Innovating Environment Management
Business India - Dr Madhav Mehra on People
page 145
[July 21-August 3]
It is not everyday that one finds
a successful bureaucrat becoming a sucessful environment activist.
But Madhav Mehra, a former director in the Ministry of Railways,
appears to have made the transition effortlessly. Having quit
a government job a decade back,....
Greening
Industry
Dr Madhav Mehra Interview - Times of India
[ Monday, July 14, 2003 12:00:29 am ]
He is a prosperous NRI Londoner whose heart still beats for Palampur,
his ancestral hometown in Himachal Pradesh. Having spent more
than three decades as a hard-nosed businessman, Madhav Mehra is
now devoted to environmental protection and cleaning up of industrial
practices. The chairman of the World Environment Foundation (WEF)
tells Narayani Ganesh that the only way to resolve the man-environment
face-off is to go back to our tradition, which emphasises a holistic
approach to almost everything: ...full article
Guru
of Substance Dr Madhav Mehra Interview - Economic
Times
[19-26 January, 1996]
"India's first international
quality guru', Madhav Mehra has a full agenda - encouraging the
quality movement in the country while ensuring that it does not
degenerate into meaningless claims. read
more ...
From Quality Management
to Eco-Management And Good Governance
Quality is described as
meeting customer expectations in terms of costs, specifications
and delivery. If you provide a customer a service or a product
which meets his/her requirements in terms of specifications, costs
and delivery in full but pollutes the environment would you call
it a quality product? "Definitely not! If providing a product
or service to meet a particular customer’s need ends up
in polluting the environment for our children can it still be
called a quality product or quality service? It is time, therefore,
we had a relook at the definition of quality", says Dr Madhav
Mehra. Dr Mehra is currently making a spirited case for move from
quality management to eco-management or for Total Quality Management
(TQM) to Total Eco Effective Management (TEEM). - Full
extract
"We must change our lifestyles
and paradigms. Nature does not move from cradle to grave but cradle
to cradle", says Dr Madhav Mehra delivering a keynote address
atr the 5th World Congress on Environment Management on 15/16
June in Palampur. to cradle For the past 30 years environment
has been the subject of a multitude of conferences, debates conventions,
seminars, declaration and protocols. Yet we seem to be getting
nowhere. The threat of global warming, depletion of the ozone
layer, contamination of fresh water supplies, flood of toxic pollutants
and declining biodiversity is catastrophic. Action can not be
delayed.-full extract.
Box Ticking Corporate Governance
is a recipe for Disaster
If there is one lesson to be learned
from the high profile corporate failures of Enron, WorldCom, Marconi
and the lot, it is that we must move away from the western model
of a box ticking approach to corporate governance. Enron had ticked
every box. The chairman of its audit committee was a person of
irreproachable reputation and no less than the Dean of Standard
Business School. Law, rules and regulations are never an answer
for the issues of head and heart”, this was stated by Dr
Mehra at a Press Conference concluding his hugely attended seminars
on “Unleash the Power of Corporate Boards” in Mumbai,
Calcutta and Delhi...
full article
Dr
Mehra said that the basic reason for the recent corporate collapses
is the “mortal fear in which the today’s CEO lives
of the stock market which forces him to inflate quarterly earnings.
We have to educate investors to ignore quarterly reports and take
a long view of the company’s performance”.
He asserted, “the heart of corporate governance
is the independence of directors. Directors will never be independent
unless they are recruited and paid by an outside agency. World
Council for Corporate Governance is helping establish such an
agency for recruitment and placement of Non Executive Independent
Directors. But non executive directors will be ineffective unless
we can restrict the number of directorships an individual can
hold and take up with non performing directors”...
full article
Wall Street seems to have
pronounced the death knell of capitalism. It has fallen victim
to the worst form of crony capitalism of which it used to blame
the Asian economies. Never before has the downward-slide been
so persistent, so long and so sharp. Every measure that the US
government is taking to prop up the market or the dollar seems
to be working otherwise....full
story
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