Navigating corporate governance and sustainable business practices: The interplay with employment law
Ashu Malhotra & Akshyit Kapoor
by Ashu Malhotra and Akshyit Kapoor
In today's business world, the integration of governance and sustainable practices is crucial for fostering ethical behaviour. As Paul Polman, former CEO of Unilever, stated: “Effective governance involves embedding sustainability into an organisation's DNA.”
Organisations increasingly understand the importance of environmental, social, and governance (ESG) factors for their long-term success. This recognition goes beyond mere compliance and involves a fundamental commitment to integrating sustainability into core business strategies.
RNM Capital Advisors prioritises establishment of robust legal framework to safeguard workers' rights and well-being, including measures against discrimination, and regulations that ensure optimal working conditions. Fostering diversity, equity, and inclusion cultivates a workplace culture where every individual feels valued, therefore enhancing overall organisational performance.
For instance, RNM exemplifies this commitment through its comprehensive Code of Conduct, which serves as an ethical compass guiding professionals in their daily operations. Upholding principles of integrity, honesty, and confidentiality, this code underscores the firm's unwavering commitment to ethical behaviour and client trust.
RNM is currently in the process of attaining Audit Quality Maturity Model (AQMM) Level 4 accreditation, overseen by the esteemed National Institute of Financial Research and Analysis (NIFRA). This pursuit exemplifies the firm's steadfast dedication to upholding the most stringent standards of audit quality and integrity. Compliance with such rigorous criteria safeguards investor confidence, and reaffirms RNM's unwavering commitment to excellence in all its endeavours.
RNM's Prevention of Sexual Harassment (POSH) committee stands as a bulwark against workplace harassment and discrimination. By proactively addressing these issues and upholding the firm's legal obligations under employment law, this committee fosters a culture of respect and dignity for all employees by nurturing a safe and inclusive work environment.
Additionally, RNM India extends its reach into corporate social responsibility (CSR) initiatives, providing support to underprivileged groups within the community. Through these endeavours, RNM demonstrates its commitment to making a positive impact beyond the confines of its business operations. By actively engaging in CSR activities, the firm fulfils its societal obligations enriches the lives of those in need, and embodies the principles of compassion and social responsibility.
In conclusion, for firms committed to ethical excellence, the seamless integration of corporate governance, sustainability, and employment law is imperative. By embracing policies and practices that prioritise integrity, transparency, and employee well-being, organisations can navigate the complexities of the modern business landscape while upholding their commitment to ethical conduct and societal responsibility.
Ashu Malhotra has 29 years of business HR leadership experience, having worked in companies like Dabur, Bharti Airtel, Nokia, Jabong, and most recently as Southeast Asia HR head and board member for Cargill Inc. His forte is organisational transformation and strengthening performance-driven culture.Contact Ashu.
Akshyit graduated from the London School of Economics & Political Science, University of London, with a BSc. (Hons.) in Economics & Finance with a specialisation in Finance. He has augmented his practical experience in financial modelling, valuation, investment banking, and equity research. Contact Akshyit.
R.N. Marwah & Co. LLP is a CA firm that was established in 1946 by the late Mr R.N. Marwah. Its head office is located in Janpath, New Delhi (India). The four major service divisions of the firm are audit & business advisory services, tax & regulatory services, legal & company law services and consultancy services. It has been serving a huge international and domestic clientele for the last 70 years.
GGI member firmR.N. MARWAH & CO. LLP, Chartered AccountantsNew Delhi, Raipur, IndiaT: +91 114 319 20 00
Advisory, Auditing & Accounting, Corporate Finance, Tax
