Ethics and Governance are the Pillars of Sustainable Success
Dr. R. Seetharaman, CEO of Doha Bank was the Chief Guest for the Centenary celebration at the Convocation of National College, Trichy-India on 21st Dec 2019 at the College Venue. The Institution over the years has generated many dignitaries like President, Governors and Ministers of India.
Speaking at the Convocation, Dr. R. Seetharaman said, “The Founders of National College conceived the idea of a national institution to promote among its youth the highest and the loftiest ideals which constitute the essence of Indian Culture. True to its name, National College continues to impart cultural values and fulfil its role as one of the premiere nation-building institutions of the country. The college has a vision to offer quality Higher Education to the younger generations, especially from rural India, who are economically and socially backward, to liberate themselves from prejudice, oppression and ignorance and to gain knowledge for their bright future. It ignite the young minds with lofty ideals and inspire them to achieve excellence in the chosen field. It facilitates individual growth of students, with accent on character building, through co-curricular and extra-curricular activities. It encourage the students to take-up research and help them reach global. It provide a congenial atmosphere to study and learn, with infrastructural facilities of highest order.”
Dr. R. Seetharaman spoke on sustainable development. He said “The current realignment of global architecture will support the achievement of one of the Sustainable development goals. Economies need to integrate the principles of sustainable development into their policies and programs and reverse loss of environmental resources. This will also enable such economies to achieve the UN Sustainable development goal of” Ensure environmental sustainability.
Dr. R. Seetharaman gave insight on happiness at work place. He said “Today Youth spend substantive time at work place. A happy environment would motivate them to bring positive changes and improve productivity both in organizations and society at large. Human happiness has large and positive causal effects on productivity. Positive emotions appear to invigorate (gives strength or energy) human beings. The driving force seems to be that happier workers use the time they have more effectively, increasing the pace at which they can work without sacrificing quality. Happiness isn’t something leaders impose or force on employees as a top-down program or engagement strategy to squeeze more productivity out of them. It’s a mindset that begins with leaders shifting their own beliefs and accepting employees as their greatest asset. When human beings at work are held with the utmost regard, you begin to treat them differently. This shift can happen only by creating an environment that will attract and retain a culture of high performers who feel valued, respected, and encouraged.”
Dr. R. Seetharaman spoke on ethical environment. He said “ Business organizations deserves ethical reasoning; business does not enjoy any special status and morality is as much applicable to it as to anyone else; and rules of ethics and morality are as much intrinsic to business as the rules of economy and free markets. Ethics contribute to long term success and hence youth should inculcate ethics in their lives. For business to operate successfully and in accepted manner these social interactions should provide mutual benefits and for that ethics is one key element that make these interactions mutually fruitful. Profit is no more considered as the sole objective of business. Instead of maximization of shareholders wealth now the focus of business organizations is on stakeholder approach Many large business organizations are involved in socially responsible activities. Environmental issues are now openly discussed by business world. Framework of Corporate Governance has improved considerably. Business ethics is no more considered as an undesirable transgression into the functioning of business organizations. Instead organizations themselves are taking it seriously and now consider it as good for business.”