Corporate Governance – CMA & Bhagavad Gita

1. Corporate Governance – CMA & BhagavadGita By Dr P V S Jagan Mohan Rao M Com, LL B, FCS, FCMA, Ph D & MCJ, M A (Astrology) & MA (Sanskrit) Past President – The Institute of Company Secretaries of India – New Delhi Council Member – The Institute of Cost Accountants of India – Kolkata and Chairman PAIB Committee – SAFA and Member PAIB Committee – IFAC

2. 2016 GitaJayanti 10th December 2016Saturday GitaJayanti Timings EkadashiTithi Begins = 22:28 on 9/Dec/2016EkadashiTithi Ends = 19:44 on 10/Dec/2016

4. First Governor General of India • First translation of BhagavadGita into English

5. Speaking about the universality and profundity of the teachings of the Gita, Warren Hastings, the first Governor-General of India (1773-1784), in his introduction to the first-ever English translation of the Text by Charles Wilkins (1784) declares that ‘Works as the Gita could live long after the British domination in India has ceased to exist’ and that it contains passages ‘elevated to a track of sublimity into which our habits of judgment will find it difficult to penetrate - SrimadBhagavadGita (Scripture of Mankind) - Sri Ramakrishna Math, Mylapore – Madras

6. Though put in the context of a battle scene, the object of the Gita is not war – mongering but exhorting man to do his duty, whatever it be, in a spirit of detachment and dedication. SrimadBhagavadGita (Scripture of Mankind) - Sri Ramakrishna Math, Mylapore – Madras

7. BhagavadGita • Krishna’s Universal Message through Arjuna • Has 18 Chapters • 700 Verses / Slokas

8. Corporate Governance – Management & BhagavadGita • Partiality and favoritism • Learning out and finding of the task before us • Do not run away from situations and problems – face them • Act and do things that are just and be fit • Be heroic and righteous • Have patience and clarity. Things will come and go • Be calm and Balanced • Be reasonable and realistic in your activities and avoid overdoing

9. Concentrate and focus on work not the result • Action is must • Keep working and keep fit • Learned and wise set standards – others follow • Learned to guide well without creating confusion • Own profession is Great • Avoid veil the true knowledge • Proper understanding of people • Knowledge is power

10. Question to learn but with humility • Concentration, knowledge and peace • Work is worship • Focused mind is essential • Practice and detachment • Trust in the Almighty is strength • Divine in thought and assurance • Work is offering to the Almighty • Superior qualities and compassion

11. Absence of lust, anger and greed • Mutual help • compliance with sastras and legislations • Sastras as standards • Pleasant talk wins • Gentleness and purity of mind pay • Be compassionate as God is present in every seed • There is no work without imperfection • True understanding is essential

12. Gain knowledge and do as you like • Righteousness and hard work • Be the Best • Rama’s qualities

13. Partiality and Favoritism • DharmakshetreKurukshetre • Samavetayuyuthsavaha • Mamakapandavaschaiva • Kim akurvataSanjaya 1/1 • As you do good to yourself, so you must do good to others • -- Swami Vivekananda • The brave are always moral. (and he says) The brave alone do good things, not cowards • -- Swami Vivekananda

14. Learning and finding out the tasks before – how big are they? • Senayorubhayormadhye • RathamsthapayameAchyuta 1/21 • Be a hero always say I have no fear • -- Swami Vivekananda

15. Don’t run away from situations • Na kanksevijayam Krishna • Na cha rajyamsukhanicha • Kim no rajyenaGovinda • Kim bhogairjivitenava 1/32 • Do not run away, it is cowardice, when in the thing you must do it • -- Swami Vivekananda • Be not afraid of anything, you will do marvelous work • -- Swami Vivekananda

16. Act and do things that are just and be fit • Kutastvakasmalamidam • Vismesmupasthitam/ • Anarya – justamasvargyam • AkirtikaramArjuna - 2/2 • Be a hero, always say, I have no fear. Swami Vivekananda

17. Be heroic and righteous • Klaibyam ma smagamahPartha • Naitattvayyupapaduyate/ • Ksudramhrdavya – daurbalyam • Tyaktv’vottisthaparantapa // - 2/3 • All power is within you, you can do anything and everything • -- Swami Vivekananda

18. Things come and go – Endure with them – • MatrassparsasthuKaunteya • Sitosnasukhaduhkhadaha / • Agamapayinoanitaha • TamstitiksasvBharata // - 2/14 • Be brave and face everything – come good, come evil, both welcome, both of you my play -- Swami Vivekananda

19. Be Moderate and reasonable • YuktaharaViharasya • YuktachestasyaKarmasu • Yuktaswapnovabodhasi • Yogobhavathidhukhaha 6/17 • Too much of everything is bad -- Swami Vivekananda • You must all pay attention to your health first • -- Swami Vivekananda • Conquer your self, and the whole universe is yours -- Swami Vivekananda

20. Concentrate and focus on work and not the result • Karmanyevaadhikarasthe • Maphaleshukadachana • Ma karma phalahetur • Mathesangosthviakarmani 2/47 • Go on working without an eye to the result. One day you are sure to reap the fruits of it -- Swami Vivekananda • To work I have the right. Mother knows the rest -- Swami Vivekananda

21. Action is must – you must act • Na hi kaschithkshanamapi • Jatuthisthathiakarmakrit / • Karyatehiavasaha karma • Sarvaprakritijairgunaih // - 3/5 • Work is inevitable, it must be so;but we should work to the highest purpose -- Swami Vivekananda

22. Keep working and keep fit • Niyatamkurukarmatvam • Karma jayohiakarmanaha / • Sarirayatrapichate • Naprasidyedakarmanaha // 3/8 • Your duty is to go on working and then everything will follow of itself • -- Swami Vivekananda • Work purifies the heart and so leads to Vidhya(wisdom) • -- Swami Vivekananda

23. Learned and wise set standards and others follow • Yadyadaacharathisrestaha • Tat tad ev’etarejanaha / • Sa yatpramanamkurute • Lokasthadanuvarthathe // 3/21 • Be chaste in thought, word and action -- Swami Vivekananda

24. Own profession is greater • Sreyanswadharmovigunaha • Para dharmathswanusthitat / • Svadharmonidhanamsreyaha • Paradharmobhayavahaha // 3/35 • Cultivate always faith in yourself -- Swami Vivekananda • You should never try to follow another’s path, for that is his way, not yours -- Swami Vivekananda

25. Avoid veil the true knowledge • Dhumen’avriyatevahnir • Yatha’darsomalena ca / • Yath’olben’avrtogarbhas • Tathaten’edamavrtam // 3/38 • First purify yourself by work and devotion • Swami Vivekananda

26. Proper understanding of people is essential • Na karthuthvam Na karmani • Lokasyasrijathiprabhuhu / • Na karma phalasamyogam • Svabhavasthupravarthathe // 5/14 • Blame none for your faults, stand upon your own feet, and take the whole responsibility upon yourselves • Swami Vivekananda

27. Knowledge is Power • Sreyandravyamayadyajnat • Jnana-yajnahaParantapa / • SarvamkarmakilamPartha • Jnanaparisamapyathe // 4/33 • Stand on your own feet, and assimilate what you can; learn from every nation, take what is of sue to you -- Swami Vivekananda

28. Question to learn but with humility • Tad viddhipranipatena • pariprasnenasevaya / • Upadeksyantitejnanam • Jnaninastattva – darsinaha // 4/34 • Do not believe in anything unquestioningly • -- Swami Vivekananda

29. Mutual Help • De van bhavayatanena • Te devabhavayanthuvaha / • Parasparambhavayanthaha • Sreyahaparamavapsyatha // 3/11 • The secret of life is give and take • -- Swami Vivekananda

30. There is no work with out imperfection • Sahajam karma kauntheya • Sadosamapinatyajet / • Sarv’arambha hi dosena • Dhumen’agniriv’avrtah // 18/48 • Every work has got to pass through hundreds of difficulties before succeeding. • Swami Vivekananda

31. Sastras and standards • Tasmathsastrampramanamte • Karyakaryavyavasthithou / • Jnatvasastravidhan‘oktam • karma karthumiharhasi // 16/24 • Thought, word and deed should be perfectly true • -- Swami Vivekananda

32. Gain knowledge and do as you like • Ititejnanamakyatam • Guhyadguhyataranmaya / • Vimrsy’aitadasesena • Yath’ecchasitatakurus // 18/63 • Be independent, learn t form independent judgment • -- Swami Vivekananda • When you know yourself you know all • -- Swami Vivekananda

33. Be the best • Pavanahapavatamasmi • Ramahashastrabritamaham / • Jhasanammakaras ca asmi • strotasamasmiJahnavi // • Don’t look back – forward, infinite energy, infinite enthusiasm, infinite daring and infinite patience – then alone great deeds be accomplished • -- Swami Vivekananda

34. Rama’s qualities • Sa cha nityamprasanthatma • Mridhupurvanthubashathe • Ucchamanopiparusham • Na uttarmapratipadyathe • Be a good cheer and belief that we are selected by the lord t do great things and will do them • -- Swami Vivekananda

35. Trust in Almighty is strength • Tasmathsarveshukaleshu • Ma manusmarayudhyacha • Mayyarpitamanobudhihi • Mamevysyasaasamsaya 8/7 • Be of good cheer and believe that we are selected by the Lord to do great things, and we will do them -- Swami Vivekananda

36. Righteousness and Hard Work • Yatrayogeswarah Krishna • YatraParhodhanurdharaha • Tatrasrirvijayo • druvanitirmatir mama • The degree of Unselfishness marks the degree of success everywhere -- Swami Vivekananda

37. Intellectuals solve problems ; • Geniuses prevent them • -- Albert Einstein • Great minds have purposes • Others have wishes • Washington Irving

38. The greatest sin is to think yourself Weak • -- Swami Vivekananda • Heros only enjoy the world • -- Swami Vivekananda

39. Wish you alls the best

40. Thank you