Hyderabad: “I would like to suggest all corporates to consciously encourage whistle-blowing mechanism and provide adequate safeguards for the protection of the whistle- blowers,” he said.
Naidu, who was delivering the Convocation address at the Institute of Company Secretaries of India (ICSI), stressed on upholding the principles of transparency, integrity and honesty at all times and reflecting them in every business activity.
The modern day company secretary is a true guide of the corporates, protecting the interests of all stakeholders, and more importantly, ensuring adherence to the laws of the land in letter and spirit, he said.
“This profession should be taken as a mission,” he said.
Public money, the money the company takes from the bank and the shareholders or even the partners should be protected and their interests need to be served, he said.
“Because of the actions of a few blacksheep, business got bad name.Some people try to cheat the banks, cheat the system and then they run away from the country.”
Why such situation has come? Why it was allowed to come to such a stage…I am not talking politics, this government, that government.System was there.So, we must have foolproof system. We must have accountability,” he said.
