CII REPORT

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CONFEDERATION OF INDIAN INDUSTRY

ABOUT CII:

ABOUT CII The Confederation of Indian Industry ( CII ) is a non-government, not-for-profit, industry-led and industry-managed organization, seeking to play a proactive role in India’s development process. The organization works to create and sustain an environment conducive to the growth of industry in India, partnering industry and government alike through advisory and consultative processes.

EXAMPLE:

EXAMPLE The Indian logistics market accounts for $90 billion and is slated to grow at the compound annual growth rate (CAGR) of over 16% from 2007-10. To address the need of sharpening India Inc’s competitive edge through better Logistics and Supply Chain practices, CII Institute of Logistics (CIL) was established in 2004 by the Confederation of Indian Industry as a Center of Excellence in Logistics and Supply Chain.

HISTORY OF CII:

HISTORY OF CII ‘Confederation of Indian Industry’ is 116 years old premier business association. It plays an active role in India's developmental process. It has 6300 organizations as direct members from private and as well as public sectors, including SMEs and MNCs. It has 90,000 companies as indirect members from around 336 national and regional sectoral associations. CII works as a guardian with government and industries on policy issues.

HISTORY OF CII:

HISTORY OF CII Helps in enhancing efficiency, competitiveness and expanding business opportunities for Indian and foreign business community. It offers specialized services, global linkages and provides a common platform for consensus building and networking. CII has 57 offices in India, 1 each in Australia, Austria, China, France, Singapore, UK, USA. It has also forged partnerships with 240 organizations in 101 countries.

HISTORY OF CII:

HISTORY OF CII The ' Confederation of Indian Industry ' maxim of "Competitiveness for Sustainable and Inclusive Growth" reflects its commitment towards balanced development that includes all sections of society and industry. CII is the story of the transformation of a miniscule association, representing a small segment of industry, to the premier business association of modern India. The journey began in 1895 when 4 engineering firms , all members of the Bengal Chamber of Commerce and Industry, joined hands .

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Engineering and Iron Trades Association Confederation of Engineering Industry Confederation of Indian Industry Engineering Association of India Association of Indian Engineering Industry

FOCUS OF CII:

FOCUS OF CII Protection of investor’s interest especially of the small investors. The promotion of transparency within the business and industry. Move towards international standards in terms of disclosure of information by the corporate sector. Develop a high level of public confidence in business and industry.

STRATEGIES:

STRATEGIES CII's strategies for holistic integration of industry with the needs of society are built around the four prongs of Key Initiatives / Information, global integration, commitment to society and competitiveness of industry . The common factor in all its activities is partnership across a cross-section of organizations, including government, non-governmental organizations and international bodies. Working with and learning from diverse institutions, CII has strengthened the services it provides to its members as well as society at large. CII has activated a multi-pronged strategy for global networking which helped Indian business to connect and interact with global business.

NATIONAL TASK FORCE:

NATIONAL TASK FORCE A National Task Force was set up in April 1997 . Its member was Rahul Bajaj as a chairman and other head members was drawn from the big industry , legal profession , media and academia. This task force draft the guidelines at the National Conference and Annual Session of CII. TWO ASPECTS OF TASK FORCE :- Integration of Indian industry with World industry Fiduciary responsibilities toward shareholders

ROLE OF CII:

ROLE OF CII To identify and strengthen industry's role in the economic development of the country To act as a catalyst in bringing about the growth and development of Indian Industry To reinforce industry's commitment to society. To provide up-to-date information and data to industry and government. To create awareness and support industry's efforts on quality, environment, energy management, and consumer protection.

ROLE OF CII:

ROLE OF CII To identify and address the special needs of the small sector to make it more competitive. To promote cooperation with counterpart organisations. To work towards the globalisation of Indian industry and integration into the world economy. CII-ITC Sustainability Awards Program on Social Responsibility

CII Recommends Guidelines For Corporate Governance:

CII Recommends Guidelines For Corporate Governance Companies should have the option of paying fixed contractual remuneration to non-executive and independent directors, according to the recommendations of a Task Force on Corporate Governance set up by the CII. Companies should have a choice between paying a commission on profits or paying fixed contractual remuneration. Setting up a "well-informed and independent" board and an audit committee for companies. Separation of the offices of the chairman and the chief executive, independence of firms from clients.

Guidelines:

Guidelines Instituting a mechanism that allows employees to report concerns about unethical behavior or fraud. The task force also urged the government and the capital market regulator, Securities and Exchange Board of India (SEBI), to work hand-in-hand to ensure corporate governance. A person should not hold directorship in more than 10 listed companies. The board should meet at least six times in a year, preferably at intervals of 2 months.

Guidelines:

Guidelines To secure better effort from non-executive directors, companies should pay a commission over and above the sitting fees for the use of the professionals inputs. Commissions are rewards on current profits. While re-appointing members of the board , companies should give the attendance record to the concerned directors. Report key information to the public related to plans , budgets , labor problems , any joint venture , serious accidents etc. .

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THANK YOU…..

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