ONGC CMD Mr Shashi Shanker has secured the Distinguished Fellowship of the Institute of Directors (IOD) in 2019. The prestigious honor was conferred to Mr Shanker during the 29th Institute of Directors (IOD) Annual Day Ceremony on 26 August. The Fellowship has been given in appreciation of his distinguished contribution to business and society.
The honor was bestowed to Mr. Shashi Shanker by the Minister of Housing & Urban Affairs, Civil Aviation and Trade & Commerce Mr Hardeep Singh Puri. Also present in the felicitation program was Niti Ayog CEO Mr Amitabh Kant, Lead Market Director, Association of Chartered Certified Accountants (ACCA), UK Ms Lucia Real-Martin, CMD Ravin Group of Companies Mr Vijay Karia and President, IOD, PVSM (Retd) Lt Gen J S Ahluwalia.
The 2019 Fellowships were decided by a jury led by former Chief Justice of India (CJI) Justice M N Venkatachaliah. Mr Venkatachaliah is also the Former Chairman of the National Human Rights Commission of India and National Commission for Constitution of India Reforms.
Apart from Mr Shanker, two more fellowships were also conferred. The Secretary, Ministry of Housing & Urban Affairs Mr Durga Shankar Mishra and Secretary, Ministry of Coal M Sumanta Chaudhuri were the recipients.
The Institute of Directors (IOD) trains Directors on corporate Boards and gives Golden Peacock Awards to corporates for 15 different corporate functions. The theme of this year’s IOD Annual Day Ceremony was ‘Future Boards: Leading Strategy to Embrace Sustainability’.
In his acceptance speech, ONGC CMD Mr Shashi Shanker said that the distinguished prestige bestowed on him is in recognition to the efforts of 31,000 employees of Energy Maharatna ONGC. Sharing ONGC’s commitment to Sustainability, Mr Shanker stated that ONGC is on its way to abolish single-use plastics and introduce paperless office.
Congratulating the IOD Fellows, Minister Mr Hardeep Singh Puri said that India is doing well to meet its sustainability goals. Further, the Union Minister stated the Private Sectors should play a major role in the reduction of the use of single use plastics and thereby strengthen the country’s sustainability drive.
Niti Aayog CEO Mr Amitabh Kant, who is also a distinguished fellow of IOD, stressed on the need of sustainability along with urbanization. He said that Private sectors have a major role to play in making the ecosystem sustainable. Mr Kant also pointed out that Urban Center occupy 3% of area, which has control over 82% of the GDP and 78% of CO2 emission.