Call to develop culture of corporate ethics

Mangalore, November 3: “There is a need for transparency, accountability and good corporate governance in the corporate sector so as to reduce the incidence of corruption in the society” - this was the common view of many students of MBA who participated in an elocution competition here on Wednesday November 2.

The topic for the competition was, 'As CEO how will I combat corruption in my company?' It was organised by DK Anti-Corruption Forum, Mangalore with support from Corporation Bank.

Many of the students underlined the need for a reliable audit process and protection to the whistle blowers as effective strategy to corruption in companies. Empowerment of employees, a compensation system that motivates them and a fair HR policy would help develop a culture of integrity and honesty in the company, was the view of some of the participants. There is a need for the CEOs to be role models to the staff of the organization. A core compliance committee in a company could help address the complaints of corrupt practice in the organization, said many participants.

The programme held in SDM College of Business Management began with an introductory by the Convener of the Forum, T R Bhat. Mrs. Matilda Pinto, Mrs. Molly Chaudhury and Mr. Dheeraj Hejmadi were the judges for the competition in which 15 first prize winners of the qualifying round from different MBA colleges participated. Activist Mrs. Vidya Dinker introduced the guests.

The following were the prize winners:

I Prize: Ms. Ankitha Shetty, MSNM Besant Institute of Postgraduate Studies, Bondel, Mangalore

II Prize: Mr. Rohit Menon, Srinivas Institute of Management Studies, Mangalore

III Prize: Mr. Nelson Prasanna Vas, St Aloysius Institute of Management & Information Technology, Kotekar

In the valedictory P V Bhat Asst General Manager, Corporation Bank, Dr K Devaraj, Principal, SDM College of Business Management and T R Bhat participated and gave away the prizes and certificates. Ananda Rao P. of DKACF compered the programme and Rohan Shiri proposed a vote of thanks.