Sun, Dec 4, 2016 | updated 01:41 PM IST

MDI signs MoU with CII to promote transparency in decision-making

Updated: Jul 27, 2016 17:43 IST

New Delhi, July 27 (ANI): Management Development Institute (MDI), India's premier business schools has joined hands with the Confederation of Indian Industry (CII) Centre of Excellence for Sustainable Development (CII-CESD) with an aim to promote transparency in decision-making in the private sector as well as increased public participation.

A pioneering effort by CII, the CII-ITC Centre of Excellence for Sustainable Development (CII-CESD) is an institution that creates a conducive, enabling climate for Indian businesses to pursue sustainability goals.

It creates awareness, promotes thought leadership, and builds capacity to achieve sustainability across a broad spectrum of issues. It enables Indian businesses become sustainable, and channels the potential of Indian industry to power India's agenda for inclusive growth and sustainable development.

CII-CESD nurture companies to compete expand opportunity and excel in today's dynamic business environments

MDI's collaboration with CII-CESD incorporates cooperation and mutual assistance in raising awareness for Responsible Business Practices by Corporates in India. The assigned project, i.e. "Promotion and Adoption of Responsible Business Practices by Corporates in India", under Siemens Integrity Initiative (The Siemens Integrity Initiative is a global project undertaken by the Siemens AG aimed at increasing awareness of responsible business ethics and values) will entail preparation and documentation of case studies on business ethics, organizing conferences/ workshops/ seminars on business ethics.

"MDI has been known for its continuous efforts towards promoting responsible businesses practices among corporate and business management students. Through this MOU, we intend to carry forward this legacy and join hands with CII in reaching out to a greater number of people," said Acting Director MDI Gurgaon, Prof. C. P. Shrimali.

"The MoU between MDI and CII-CESD also aims to facilitate superior research studies in the realm of transparency and accountability in industrial governance, and publishing them to aid future enthusiasts in this field," added C. P. Shrimali.

"CII has always endeavored to bring a positive change in business administration by working closely with the government on policy issues. We are looking forward to collaborating with a prestigious educational institution such as MDI in developing good case material/studies on business ethics which will help in promotion and adoption of ethical business practices by corporate in India," said Executive Director- CII-CESD, Seema Arora.

The MoU has been agreed upon for a period of three years with a set of competent representatives being chosen from either side. These representatives will be entrusted with the project responsibility and will successfully execute the same. (ANI)