Values and ethics, that’s what Mr. Krishna Rama Chandran, Chief Finance Officer, CFO, ACIS – Allianz focussed on at the interactive session with the students. He started the session speaking about his own journey in his life. He spoke about his interest in the commerce field from his schooling and his aim to become a CFO of a company. He shared his few experiences, being working as a CFO, at the age of 29, in a start-up, which failed to cope with the market, after six months. He stated, “Failing in a start-up is a good business model”.
Then, he spoke about how one`s choice could actually affects one`s life. He told it by giving an example, “You can exercise your choice. You can have BMW, I10 or a bicycle, to go to the work. The destination would be the same. The road would be the same. The traffic would be the same. But it’s ultimately your decision how would you want to lead your own life”. He said journey is more important than the destination. He also added humour to the session, by comparing our success stories with a Bollywood movie, stating that whatever might be happened in a movie, but finally, it would have been a happy ending. He mentioned the desire is growing unlimited in the world, and explained how material wealth becomes more important than spiritual wealth. He stressed how greed and selfishness affect a human mind to gain that material wealth, and would deviate him to make frauds, by quoting the examples of ‘Satyam’. In saying so, he compared the journey of an individual with the journey of a company, and explained why one should feel responsible and be ethical to the company`s values. He also spoke why an individual (CFO) mind-set should tally with the company`s values and vision, for the overall benefit of the company.
He also spoke about corporate governance, and said that it was all about the stakeholder`s management. He said independence is a state of a mind, and a CFO needs to have this, to prevent himself from any bias among his vendors. He said, as a CEO/CFO, one should have guts to tell that your company was down before the electronic media. He mentioned a few situations, how sometimes, stock markets run the company, but not the CEO. He also mentioned about risk management and why mitigation of risk is important. He said, “More the risks, more the profits for a company”. He said India has a few advantages, such as low cost capital, and democracy, when compared to China for the investors, in spite of the fact that ease of doing business is not so good. He explained why sustainability is important for a company, in this competitive world. And finally, he winded up the session, saying that the company culture is very important to sustain in this competitive world for a long run, how a company would build its own culture, values and principles and that responsibility should be taken care off by CEO/CFO.