Ethics, Values as Cornerstones of Businesses Emphasized
Thiruvananthapuram: Upholding the absolute necessity for adhering to values, ethics and best practices in private industrial and service sectors, TRIMA 2019, the two-day event of Trivandrum Management Association (TMA), focused on ‘conceptualising the future.’
The event organised by Trivandrum Management Association focused on discussing the importance of values and ethics in corporate world
Inaugurated by P Sathasivam, Kerala Governor on February 21, the event offered a platform for management professionals, technocrats and decision makers. The main theme of TMA’s annual convention was ‘Building Values for the Future’. Close to 400 delegates attended the event. Delivering the inaugural address, the Governor said that the companies should be driven by values which seek to create a better society. Ethics must be the cornerstone of all enterprises, he added. Later, he also presented the TMA-Terumo Penpol CSR Award to Adani Foundation.
Dr. K Muraleedharan, CMD, Muralya Group of Companies delivered the keynote speech while Dr. M I Sahadulla, CMD, KIMS Healthcare Group delivered the presidential address. P C Harikesh, President, TMA & Project Director, Kerala State Industrial Development Corporation (KSIDC); Prasad Unnikrishnan, Director, KPMG; Sarada Jayakrishnan, Deputy General Manager, Quality Assurance, Terumo Penpol Pvt. Ltd. and Mahesh L S, Secretary, TMA were also present.
Speaking at the panel discussion titled ‘Value-based governance, legal framework administration and media’, B G Harindranath, Law Secretary, Govt. of Kerala stressed on the importance of replacing old regulatory mechanisms with new.
P H Kurian IAS (Retd.), former Additional Chief Secretary, said companies should maintain positive values. “Firms in Kerala have to maintain positive values and need to follow a value system which also focuses on sustainable development,” he said.
In a subsequent session titled ‘Value creation in the industry – Manufacturing and Startups’, C Balagopal, Founder President TiE Kerala, Angel Investor & Author, said that compliance with norms and regulations alone can help ensure sustainable development in society.
“Kerala is far ahead in HDI ranking and is the best-governed State in India. My counterintuitive proposition is that Kerala has the best chance to incubate and develop great businesses, despite all the negativism that looms over doing businesses here,” Balagopal said.
Suja Chandy, MD, Nissan Digital India, observed how old business models have become obsolete with the onslaught of IT-driven models. She added that products developed by companies should ensure value creation for end users.
In the valedictory session, Tom Jose IAS, State Chief Secretary presented TMA-KIMS Best Paper Presentation Awards. CET School of Management bagged the award for the best team while Lourdes Mata College of Science and Technology won the second place. T P Sreenivasan, former Indian diplomat, and R Suresh Mohan, Managing Partner, Mohan & Mohan Associates were also present on the occasion.
Destination Kerala was the magazine partner of the event.