Finance Conclave 2020

GNIMS organises Finance Conclave every year to provide a forum to the academics
and scholarly experts and practitioners to share their knowledge for holistic development of the
students. The topic of the previous financial year’s conclave was based on the “Significance of
Safeguarding Financial Institutions” and in 2018 the theme was “Chinese Currency Devaluation
and its Impact on Indian Economy”

In the words of Sir Adrian Cadbury, “Corporate governance is concerned with holding the balance
between economic and social goals and between individual and communal goals. The governance
framework is there to encourage the efficient use of resources and equally to require accountability
for the stewardship of those resources. The aim is to align as nearly as possible the interests of
individuals, corporations, and society.” It is all about “Intellectual Honesty” and not just sticking to
rules and regulations. In the last 20 years, corporate governance in the Banking sector has changed
drastically. Companies with institutionalized governance practices were better able to withstand the
onslaught of 2019. Both equity and debt markets were affected by governance issues in the year
gone by, which is expected to renew focus on responsible investing, going forward. For Corporate
India, the past 12-18 months have been difficult. With economic growth slowing, achieving
business targets has been stretching managements, with a few opting for short-term fixes. The
meltdown of two large non-banking financial companies (NBFCs) impacted the flow of funds.
With stretched liquidity and a weakened real estate sector, the asset quality of several NBFCs came
under scrutiny. The purpose of corporate governance in banking sector without any doubt build and
strengthen the accountability, credibility, trust, transparency and integrity. If there won’t be any
regulatory watchdog which regulates the governance of the banks then banks can decide things by
their own whims and fancies. Similarly for corporate industry, the purpose of corporate governance
is to facilitate effective, entrepreneurial and prudent management that can deliver the long term
success of company. With all stock, debt and banking industry being affected by corporate
governance practices in 2019, will 2020 mark a positive shift in India’s corporate governance is
what the economy is interested in knowing.

Sub Theme: –
● Transparency
● Independent Oversight
● Accountability
● Conflict of Interest
● Ethics Violation.