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Symbiosis Institute of Management Studies (SIMS)

in association with

National Foundation for Corporate Governance (NFCG)

is organizing a

Topic: Internal Control Framework A Formal Process for Identifying

Significant Business Risks
Date: 7th March 15 (10:am)

About National Foundation for Corporate Governance (NFCG)

"Corporate governance is maximizing the shareholder value in a corporation while
ensuring fairness to all stakeholders, customers, employees, investors, vendors, the
government and the society-at-large. Corporate governance is about transparency and
raising the trust and confidence of stakeholders in the way the company is run. It is
about owners and the managers operating as the trustees on behalf of every
shareholder - large or small." - Shri N.R. Narayana Murthy, Chief Mentor, Infosys
With the goal of promoting better corporate governance practices in India, the
Ministry of Corporate Affairs, Government of India, on 1st October 2003 set up
National Foundation for Corporate Governance (NFCG) in partnership with
Confederation of Indian Industry (CII), Institute of Company Secretaries of India (ICSI)
and Institute of Chartered Accountants of India (ICAI). In the year 2010, stakeholders
in NFCG have been expanded with the inclusion of ICWAI and the National Stock

Be A Catalyst In Making India The Best In Corporate Governance Practices.

To foster a culture for promoting good governance, voluntary compliance and
facilitate effective participation of different stakeholders;
To create a framework of best practices, structure, processes and ethics;
To make significant difference to Indian Corporate Sector by raising the standard of
corporate governance in India towards achieving stability and growth.

About Symbiosis Institute of Management Studies (SIMS)

"Making a difference." SIMS - the Symbiosis Institute of Management Studies - has
been established by the nationally renowned Symbiosis Group. SIMS is a constituent of
the prestigious Symbiosis International University and the college is accredited
Grade A by the National Assessment and Accreditation Council (of the UGC) in
November 2008. It is an ISO 9001:2008 quality certified management institute and a
top-tier provider of business education across the spectrum. SIMS is ranked 13th
nationwide by "Outlook India" in their 'B-schools' issue of 2009. It is an accredited
"Centre for Corporate Governance" of the 'National Foundation of Corporate
Governance' (est. by Min of Corporate Affairs and CII).
We seek students who are responsible and highly motivated so that SIMS can nurture
and train them for success. The course design and pedagogy equips our students to
lead complex organizations in a cross-continental environment. Innovative teaching
methodology, experienced faculty, a structured industry interface, a fully integrated
contemporary campus; all contribute to the making of the future-ready manager
stepping out to make a difference. The effect is evident in the quality of teaching
learning on the campus and the knowledge-skill-attitude value the students are
offering to industry. For young men and women from a defence environment and an
industry background, SIMS is second home. For leading organizations, it is the
preferred choice. As per MoU with Ministry of Defence, Govt of India, admissions to
full time MBA programmes is primarily for dependents of Defence personnel and those
sponsored by industry, meeting the eligibility criteria of Symbiosis International
Symbiosis Institute of Management Studies is an accredited Centre for Corporate
Governance of the National Foundation for Corporate Governance, the only in
Pune and Western Maharashtra. Its singular focus is to enhance knowledge on
important aspects of good Corporate Governance norms amongst the senior
management and boards of companies through dissemination of appropriate programs
in association with experienced persons practicing in the field.
The contest is organized to apprise student managers with a fact that good internal
control structures are a prerequisite for good business, safeguarding the shareholders'
investment and the company's assets and why the companys management should
identify, select and adopt an appropriate control framework taking into account the
size and complexity of the business and apply that framework appropriately,
consistently and effectively.

Contest Format:
The contest would be in the form of submission of paper, followed by an event where
short listed participants may deliberate on the papers before a select audience. The
judges may be Institute faculty, Subject expert and NFCG Board of Trustees. The
event would be under the aegis of NFCG.

1st Prize: Rs 25,000/-

2nd Prize: Rs 15,000/Note: No entry fees

3rd Prize: Rs 10,000/-

Guidelines for Paper Presentation

Format Style:
MS Word Doc, Times New Roman, 12 point, Double-spaced, maximum words: 15002000. All submissions (including graphs, pie charts and tables) to be made in black and
white only.
Specific writing guidelines:
Title: Internal Control Framework A Formal Process for Identifying Significant
Business Risks.
Only Single Author acceptable: name, contact details on first page below the title,
Abstract (max 200 words): An abstract is a summary of the entire paper. It should
be accurate, coherent, and readable.
References: List the most relevant sources and make sure that the references
confirm to standard editorial style and be written last. Use APA style of referencing.
Overall writing guidelines:
Use a clear language.
Be alert to wordiness make every word count.
Full paper accurate, readable, 1500 2000 words only.
Structure your paper clearly.
Be alert to coherence.
1. This contest is only for students
2. Abstract to be submitted on or before 22nd & full paper by 26th February 15
3. Power point presentation: 5 6 slides for final presentation if selected
4. Presentation time: 15 minutes including questions and answers
5. Any number of students can participate from one institute but individually and not
in a group.
6. Each participant will be given a Certificate of Participation.
Kindly send your abstracts to on or
before 22nd February15.
Contact person:
Dr Pravin Kumar Bhoyar, +91 98220 59549
Head Centre for Corporate Governance of NFCG
Symbiosis Institute of Management Studies (SIMS)
Constituent of Symbiosis International University (SIU)
Accredited by NAAC in Grade "A"
Range Hills Road, Khadki, Pune 411 020 (India)
Tel: +9120 30213200 / 216, Fax: +9120 - 30213333,