“Corporate leadership of Finance need not be restricted to Board rooms along”
Inaugurating Two-Days Seminar on Corporate Leadership for Finance Executives,Dr Tapan Chand suggested mentoring of Youth for Entrepreneurship to realize “Swabalambi Yuva Samrudha Odisha”.
Angul: Institutes of Cost Accountants of India, Angul Chapter has organized Two-Days seminar on Financial leadership to Corporate Leadership signaling role transformation of Finance Executives in contemporary Business Ecosystem. The Inaugural Session was addressed by Dr. Tapan Chand, Ex CMD NALCO as Chief Guest. Dr. Chand Praised Institutes of Cost Accountants for initiating change in mindset in right time when the country and the state have started their journey towards Viksit Bharat@2047 & Viksit Odisha @2036. Odisha has fixed an aspirational target of $500 Billon of state State GDP which will again grow to $1500 Billion by 2047. This is a Great Dream of the people and it can be realized if we develop right kind of mindset and put in right kind of effort. He pointed out that there has to be paradigm change in the functioning of finance from Variance to Vision, from Entity to Enterprise & from Control to Collaboration. Dr. Chand told that he has great liking for finance functionaries as they argue with data. In Viksit Bharat the role of finance executive need to be transformed and they should use data for bringing progress and growth. While elaborating the changing role in the organization, the finance executives need to come out from the regulatory nature to facilitator, they need to think ease of doing business by the enterprise, speed of doing business and cost of doing business. Narrating his experience of working with top finance functionaries in steel, coal and aluminum sector, he was in praise of these professionals and informed that when they think in terms of total enterprise outcomes were wonderful results for the organization. He advise young finance professionals to understand and develop overall understanding and knowledge on enterprise and sector in which they are working, this will help grooming them as future CFO & CEO.
Dr. Chand also told that Corporate leadership of Finance need not be restricted to Board rooms along, it should be understood as corporate leadership in making value addition in the society and delivering benefits to the common mass. In this context he hinted that finance executives have enormous potential to develop self supporting youth and they can do well in mentoring youth to make Swabalambi Yuva Samrudha Odisha. Another area where finance executive can contribute immensely is in communicating govt programs to civil society and suggesting reforms for ease of doing business and ease of living. There are 9 Power Houses (Navaratna) for growth Called PRAGATI: Productivity, Reforms, Addition of Value, Growth through Diversification, Automation, Technology, Innovation,
Investment & Infrastructure. Institutions and Industries need to focus on these to promote growth and development.
Guest of Honour, Shri Asutosh Rath, Executive Director (HR), NALCO highlighted the importance of Finance professionals in the holistic growth of organisations and said that Finance must become the growth driver by becoming an integral part of the strategic organisational growth.
The Two-Days Seminar will consist of 04 technical sessions addressed by eminent professionals followed by open hour discussion and networking. The program was coordinated by Angul Chapter Chairman CMA Alok Tripathy & others including Antaryami Acharya, Ex CGM Finance NALCO. In this seminar large number of finance professionals, tax consultants, entrepreneurs, Industry captains, members of Institutes of Cost accountants of India participated making the program a grand success.
