Being in the Corporate World..

I have told you about my personal Life, likings and friends.. Though, I would Love to share more about it, I am putting it for a topic later.. Now, I would share with you some interesting macro level thoughts which I came across being a CA student. Chartered Accountants are the brains of the Corporate world, from its birth (Incorporation) to its death (Liquidation), a CA is essentially a vital part of a Company's business.

As Governed by the strong Companies Act, a Company needs the professional support from a CA for its functioning. Especially, in this Globalized and competitive world, CA's are the people acquiring the chief posts such as CEO s', CFO s' and so of a Company.  And, that brings CA a charming profession. One of the best part in the CA syllabus is the Corporate Laws, Auditing and Corporate Accounting. They are of course, so interesting.

We have a paper on "Business ethics", in fact one which is essentially needed. "Ethics is a personal attribute which enables a person to differentiate between the right and the wrong and to behave as such.." The ethics paper enriches us with good values and morals which the society expects from a CA professional and as a good citizen. And at last, it deals with 'Corporate Governance'.. The main thing I'm thinking to tell in this topic starts here..

A Company is a collection of lakhs of people and may even Crores. And so it is a cross section of the public. Any act done by the Company affects the public interest, So, it is essential for a Corporate professional for acting in a responsible and ethical manner. through Corporate Governance, a Company too gets its own responsibility as a citizen of the nation. Rather taking only the share holder's interest, it has to consider the 'Stake holder's' interest and has to work for the Society. [You may think what is the difference between 'Share holders' and 'Stake holders', in fact they are technical terms in management, a 'Share holder' means as you know, the one who holds a share whereas 'Stake holder' means one who is affected by the deeds of a company (Creditors, employees, Customers etc)].

This sounded much interesting for me. I made a few case studies on that. Two premier Companies of India, One the  'Tata group' and another, the great 'ITC Ltd'.. My next posts are meant about them. It will be coming soon... For now, Take Care.