Legasis Honours Harsh Mariwala, Urges Stronger Corporate Accountability

Mumbai witnessed the 12th anniversary of Legasis' Compliance 10/10 Symposium and Awards on October 10, uniting business leaders, legal experts, and compliance professionals to discuss bolstering corporate governance and ethical practices. The event highlighted the necessity of shifting from mere regulatory checks to embedding compliance within everyday business decisions.

Discussions revolved around transparency, accountability, responsible leadership, data privacy, cybersecurity, artificial intelligence, risk management, and corporate governance. Participants emphasized that true governance stems from effective implementation, not solely from written policies. A key takeaway was the need for boards to receive accurate and timely information for independent decision-making.

Interactive activities like a compliance quiz titled "Who Got Compliance Right?" and a play called "Where Is the Deficit?" were also part of the event. The prestigious Compliance Crusader award, the highest honor of the evening, was presented to Harsh Mariwala, Chairman of Marico Limited, by Dr Anil Khandelwal, former Bank of Baroda Chairman and Managing Director.

Maruti Suzuki India was honored with the Compliance Ecosystem Impact award for its efforts in enhancing overall compliance practices. Suhas Tuljapurkar, Legasis' Founder and Director, stressed that compliance should not merely be a routine of checking boxes but rather adhering to the true spirit of the law, fostering trust, enhancing governance, and promoting sustainable growth.

Lee Correa, Vice President of Business Development, stressed the significance of cultivating a robust compliance culture, especially as Indian businesses grapple with increasingly complex regulations. The symposium underscored that accountability, ethical choices, and responsible conduct should steer corporate decision-making.