core sector communique

International Seminar on

Sustainability and Corporate Governance & Reforms of Higher Education India

Jointly organized by EIILM, IAA Research Foundation & Bengal Chamber

Venue: EIILM Global Campus, DN-53, Salt Lake, Kolkata – 91,

Date: March 01, 2012

The International Seminar on Sustainability and Corporate Governance was inaugurated by Mr. P Roy, Director General, BCCI at the Salt Lake campus of EIILM. Prof. Shyam Sunder from Yale University, USA has delivered the keynote address in the program. In his keynote address Prof. Shyam Sunder has pointed out the ways and means to make the companies more responsive to the society and the consumers while delivering the product and services in place. It was long since that the issues of corporate governance are undertaken by several companies and the government. However, the issues of balancing the decision making forum with appropriate presence of participations from and representations of the society at large. The view, expressed by Prof. (Dr.) R P Banerjee, Director-EIILM where mostly highlighting on the diversity quotient and familiarity quotient. The diversity quotient attempts to highlight diversity in the decision making process and familiarity quotient attempts to reduce the impact of familiarity on the process of corporate decision making. Individual and group bias in decision making would thus be minimized and the companies will have a better position in developing a balanced and comprehensive view of the market and the economy. This would in a way substantiate the issues of sustainability across corporate corridors.

The international seminar was addressed and participated by Prof. Kaustav Sen of IIM Calcutta, Prof. Dhurabaranjan Dandapat of University of Calcutta, Dr. Anup Chanda, Additional Chief Secretary, Govt. of WB, and Prof. Shyam Sunder, Prof. Bhabatosh Banerjee, Prof. S P Mukherjee and Prof. R P Banerjee spoke about the required reforms of Higher Education in India and the World in the 2^nd session. The vote of thanks was offered by Prof. Satyajit Dhar, Kalyani University and the program was moderated by Prof. Ishita Datta Ray of EIILM.