Higher Education should have minimum regulations
by DebriN Synergy Business Simulation ServicesAt the recently
held ‘New India Confluence for Public and Private Enterprises - Governance, Risk and Compliance’
organized by ASSOCHAM India, Dr. Jitendra
K. Das, Director at FORE School of Management, New Delhi, referring to a
question on autonomy on education said, “Higher education beyond graduation
level, should have limited regulations and governance. In a market driven
environment the ‘Price – Quality Continuum’ can be differently perceived by
different people. Highly priced or
expensive programs offered by many foreign academic institutes can be seen in
demand while many may prefer a low cost government institute and see the value
it offers. But the various regulatory bodies – UGC, MHRD, AICTE which governs
the higher education institutions in India often leaves no room when it comes
to bringing in changes in the traditional pedagogy, innovations and modern
teaching methodologies as practiced by those foreign universities. Indian
Institutes can compete with those foreign institutes if given a greater
autonomy to change according to the demands of the industry and stay relevant. Beyond graduation level education is an option
for people. They may like to choose different price-quality point to meet their
objectives.
Thus, a control here on ‘price-quality’ value offer would
mean taking away the freedom to choose. High-price education should also be an
option available alongside the low-priced ones where one can select the
matching value proposition as per his choice. ”
Dr. Das was moderating a session with other panelist on
the theme of ‘Corporate Governance’.
Mr. Rajiv Gupta, Senior General Manager (Legal) & Company Secretary,
Hitachi India Pvt. Ltd. who spoke on expected performance outcomes - to add
value to the efficiency and competitiveness, said, “Corporate Governance is
essentially the DNA of the organization. Some of the elements which should be
considered in the framework of the corporate governance are accountability,
mechanism for monitoring, setting up the boundaries and alignment of
objectives. Compliance should be every employee’s ownership.”
Mr. Sanjeev Sood, Senior Vice President, Internal Assurance and Chief Risk
Officer, Max Life Insurance Company Ltd. talked about use of technology in
enhancing corporate governance in corporate environment, automation and bots
and their role in governance. He explained how an organization spread across a
larger geographic area with a large sales force, can instantly monitor quality
at the field level too, when the parameters set are scrutinized by the tool in
real time.
Mr. P M Singh, CEO & Business Editor, News Ink talked about
Conformance to the Laws and Regulations -To Improve Transparency through
enhanced accountability & control system and cited examples of Harshad
Mehta and Satyam Computers as poor corporate governance practices.
The panel
deliberated on how technology can influence governance and compliance with set
of codes to follow and with the proper use of technology anything can be vetted
in real time, which makes the life of the regulator easier when it comes to
monitoring.
Dr.
Das, a thought leader in
policy and reforms who has been associated with various policy and reforms committees
of the Government of India, explained how due to lack of governance
a top company like Kingfisher had to go down and the absence of ethical conducts
puts the entire burden of enforcing such standards on the regulator.
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Created on Dec 21st 2017 04:19. Viewed 306 times.