ICSI VISION 2020
October 14, 2011
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
Constitution of Core Group
1
Chairman
Ravi Kastia
Global Head, Mining & International Trading, Aditya Birla Group, Mumbai.
2
Member
A K Khandelwal (Dr.),
Former Chairman & Managing Director, Bank of Baroda, Mumbai.
3
Arun Nanda
,
Member
Executive Director, Mahindra & Mahindra, Mumbai.
4
C Parthasarathy,
Member
Managing Director, Karvy Computershare Pvt. Ltd., Hyderabad.
5
Susir Kumar
Member
Chief Executive Officer, Intelenet Global Services, Mumbai.
6
Vijaya Sampath (Ms.)
Member
Group General Counsel & CS, Bharti Group of Companies, New Delhi
7
K S Ravichandaran (Dr.),
Member
Company Secretary, Coimbatore.
8
S N Ananthasubramanian, (Council Member - The ICSI),
Member
Proprietor, S N Ananthasubramanian & Co., Company Secretaries, Thane.
Pradeep K Mittal, (Council Member – The ICSI),
9
Member
Partner and Chief Advisor, PKMG Law Chambers, Delhi.
10
R Sridharan, (Council Member – The ICSI),
Member
Proprietor, R Sridharan & Associates, Company Secretaries, Chennai.
11
Prof V.N. Rajasekharan Pillai,
Member
Vice-Chancellor, IGNOU (Indira Gandhi National Open University)
12
Prof M B Athreya,
Advisor
Management Consultant, New Delhi
Core Group to be supported and assisted by the President and Secretary & CEO, ICSI.
Conceptual Framework
Multiple Stakeholders & Rising
Expectation
Institute Mission & Objectives
Environment Scan
Long Term Vision &
Goals
Strategic Directions
Organization Design
Management Systems
Implementation
Feedback loop for correction
and learning
Integrated Management Model
Resource Audit
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
Stakeholders’ Survey

Market Survey by the team of ICSI through
•
Personal Interviews
•
Seminars
•
Meetings at Chapters Level
•
On-line survey
•
Desk Research
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
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
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
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
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’
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’
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
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
Environment Scan
Domestic Environment
Global Environment
Domestic
Environment
Economic and
Business
Environment
Legal &
Regulatory
Technological
Other Aspects
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
Resource Audit
Resources available
Knowledge and
Information
Human Resources
Physical
Infrastructure
Finances
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,
revival & rehabilitation.
•
Global opportunities including WTO
valuation, insolvency laws,
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
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
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
•
Quality of new entrants to be ensured
Global perspective required to be brought in.
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
Mission
“To develop the highest calibre professionals,
facilitating good Corporate Governance.”
Vision
“To be a global leader in the development
of professional specialists and in
Enhancing Corporate Governance Standards ”
24
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
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”
Strategies for Students
•
Strengthening syllabus
•
Bringing practical orientation
•
Improving teaching methodology
•
Providing best training
•
Focus on soft skills and personality development
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”
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
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 ”
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
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
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
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
Top 10 Goals for next 4 Years – Rolling Plan
1.
Development of a cadre of competent professionals;
2.
Improvement in infrastructure with special attention on Regional Offices
and Chapters;
3.
Making ICSI the best institute to deal with;
4.
Providing best training to the students;
5.
Continuous interaction with regulators and industry;
6.
Enhancement in placement opportunities;
7.
Improvement in visibility of the profession;
8.
Increasing membership strength;
9.
Enhancement in financial resources; and
10.
Providing leadership on global map
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.
Thank you
Ravi Kastia