Doha Bank Group CEO Dr R Seetharaman was honoured with the “Life-Time Achievement Award” at the Global Summit 2014 on Business Excellence, hosted in Chennai (India) by the Institute of Directors (IOD), Tamil Nadu state chapter.

Seetharaman received the award from the chief guest, Tamil Nadu governor Dr K Rosaiah, for his initiatives to promote excellence in governance practices, according to a statement issued yesterday.

The theme of the summit was “Business excellence through boardroom best practices”.

Speaking at the inaugural session of the summit, Seetharaman gave an insight into how global and corporate governance had developed in recent years.

“Global governance has got redefined after the crisis and had an impact on corporate governance. Individual regulatory systems have been revamped to better monitor threats to the whole financial system. Economies, institutions and individuals need to follow governance. It can be called corporate governance for institutions and global governance for economies,” he explained.

“Individuals are affected by corporate governance and global governance due to the links with institutions and economies, respectively.”