Suresh Prabhu with ICAI officials and Doha Bank Group CEO Dr R Seetharaman.
The Institute of Chartered Accountants of India (ICAI), Doha Chapter, recently held a seminar on the ‘Changing face of profession, governance and global economy’ at the Doha Bank Auditorium in West Bay. The event was sponsored by Doha Bank.
Around 100 members and guests attended the event. Suresh Prabhu, a former minister from India, spoke on the subject.
Prabhu said economic globalisation has led to demand for a new governance structure across the world and raised questions about the appropriate roles of the government as well as the private and public sectors.
The speaker highlighted the importance of suitable political action to facilitate the process of governance. He also reminded the audience about the importance of governance to solve conflicts by achieving consensus through democratic means.
Prabhu also spoke about the role of geopolitical, corporate and socio-political entities in the implementation of a good governance system.
In his opening address, ICAI Doha chapter chairman Sheji Valiyakath said: “The global financial crisis revealed major shortcomings in the system of institutional and regulatory governance. We have learned lessons to improve current structures and develop a more fair and efficient structure of global governance, which reflects changes in the global political and economic landscape.” The importance of reforming international financial institutions, tightening global financial regulations and putting in place regional financial assistance mechanisms were also highlighted.
Treasurer George Isaac was the master of ceremonies while executive committee member Raja Gopalakrishnan delivered the welcome speech. Vice-chairman Hatim Hussain delivered the vote of thanks.
