NALCO FOUNDATION DAY LECTURE “Lack of awareness about vigilance procedures results in corruption & misconduct” : K.V. Chowdary

06/01/2016

Bhubaneswar, 06/01/2016: Shri K.V. Chowdary, Central Vigilance Commissioner, Govt. of India has delivered the 15th Edition of Nalco Foundation Day Lecture Series on ‘Preventive Vigilance : Key to Good Corporate Governance’, here today.

At the outset, Shri Tapan Kumar Chand, CMD, Nalco delivered the welcome address and introduced the topic. In his address Shri Chand reiterated : “As a corporate philosophy, Nalco has focused on value-based management, taking manifold steps to promote transparency, fairness, responsibility and accountability that are cardinal principles of Corporate Governance.”

In his speech, Shri Chowdary stressed on awareness on vigilance measures as a fundamental to prevent corrupt practices. He expressed his concern that most of the people in the country lack awareness about the vigilance procedures, which results in corruption and misconduct. He emphasized that the vigilance system and procedures should be consistent and simplified, as well as the mechanism should be robust, continuously tested. Shri Chowdary also focused on a systematic and continuous feedback system. He opined that the PSUs and corporates, along with the government bodies should give due importance to preventive vigilance as well as predictive vigilance.

On this occasion, a book namely ‘Aluminium : the Strategic Metal’, authored by NALCO’s CMD Shri Tapan Kumar Chand was also released. The book aims at promoting the strategic use of aluminium.

The first-ever Nalco Kalidas Awards were also handed over to Prof. Harekrishna Satapathy, VC, Rashtriya Sanskrit Vidyapeetha, Tirupati and Prof. Gangadhar Panda, VC, Shri Jagannath Sanskrit Vishvavidyalaya, Puri on this occasion for their significant contributions in the field of teaching and propagating Sanskrit. Both the awardees received cash award of Rs.50,000/- each, citations and scrolls of honour from the Chief Speaker Shri Chowdary.

Shri S.C. Padhy, Director(HR) proposed a vote of thanks.