ICAI awards 2008

Posted on    06 January 2009

The profession of Chartered Accountancy stands upon the tradition of excellence, integrity and independence. Today, a Chartered Accountant has metamorphosed into a multi dimensional professional, offering complete business solutions. Over the last six decades, Chartered Accountants have set a very high standard of accountability in the professional context. The CA fraternity has contributed significantly to the economic development of India and has been responsible Partner in Nation Building. The Chartered Accountants have performed exceedingly well in various fields and the Indian industry has placed substantial faith in their ability to deliver. This has made the Indian Accountancy Profession as Valued trustee of world-class financial competencies, good governance and competitiveness.
To honor this exemplary work of Chartered Accountants, The Institute of Chartered Accountants of India had instituted “ICAI Awards” for the first time in the year 2008 and based on that awards for the year 2007-08 were decided and awardees were honored in January 2008. This activity will be held for the 2nd time in year 2009. The “ICAI Awards 2008” will be held on January 25th, 2009 at Goregaon Sports Club in Mumbai. These awards will recognize the achievements of CAs in profession, personal life and in community service. There will be 20 awards given under 3 categories.
1.   CA Business Achiever
This category is for CEO/Directors / or individuals holding equivalent positions in the following sub categories.

    * Financial Services
    * Corporate
    * SME
    * Others

2.   CFO
This category is for professionals in senior management capacities. This included positions such as CFO’s, Business Vertical Heads, Chief Risk Officer, Chief Treasury Officer and such other equivalent positions.
3.   CA Professional Achiever.
This category is for managers who have achieved excellence in their careers and are not covered in the categories stated above and is intended to honor the achievements of CAs in the early or middle path of their careers.
Each of the outstanding CFO and CA Professional Achiever award will be given separately in various sub categories like manufacturing, financial sector, service sector, information technology, media, communication and entertainment, infrastructure and construction, public sector, woman (this is an additional category for woman open for all the sectors given above. A woman CFO/ Professional Achiever can also apply/be considered for various sub categories).
The Evaluation Parameters to be considered for each category are given below.
I.   CA Business Achiever Financial/Corporate/SMEs/Others

    * Leadership
    * Innovation
    * Best Practices
    * Contribution to Community
    * Track Record and Accomplishments

II.   CFO and CA Professional Achiever

    * Achievements
    * Professional and Personal Qualities
    * Knowledge and Experience

A very high profile jury panel has been constituted to select the nominations received under the various award categories. Elite members on the Jury panel to adjudge the nominations for the awards are:

    * Dr. Irani J.J., Director , Tata Sons Ltd.
    * Mr. Kamath K V., MD & CEO, ICICI Bank
    * Mr. Pai Mohandas T.V., Member of the Board & Director-HR, Infosys Technologies Ltd.
    * Mr. Parikh Deepak, Chairman, HDFC
    * Mr. Dhoot Venugopal Nandlal, CMD, Videocon Industries Ltd.
    * Mr. Goenka Harsh, Chairman, RPG Enterprises
    * Mr. Chandra Naresh, Director, Bajaj Auto Ltd.
    * Mr. Balakrishnan Arun, CMD, HPCL
    * Mr. Lohiya Yogesh , CMD, GIC
    * Mr. Narain Ravi, MD & CEO, NSE of India Ltd.
    * Mr. Ramadoss M., CMD, Oriental Insurance Co. Ltd.,
    * Mr. Ramaseshan R., MD&CEO, National Commodity & Derivatives Exchange Ltd.
    * Mr. Roongta S.K, Chairman, SAIL
    * Mr. Vijayan T. S., Chairman, LIC

The details regarding the nomination guidelines and requirements are placed at Annexure “A”.
About ICAI
The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountancy in India. During its nearly six decades of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards.
Today, the profession stands on a very strong foundation built since its inception. Once known as a 'traditional bean counter' the Chartered Accountant is today regarded as a multi- dimensional professional offering a complete gamut of business solutions.
Growing in terms of numbers, skills and utilities as well as in gaining recognition from society as a vital nation builder, the ranks of CA's have swollen from a mere 1700 in 1949 to more than 1,50,000 making it the 2nd largest accounting body in the world. Globally recognized for its high standards, the Institute has come a long way from 257 students enrolled in the Institute in 1949 to as many as 350,000 students on roll today. ICAI has 5 regional councils and 118 branches all over the country. The Indian CA has transcended boundaries and many of them are working abroad supported by 21 chapters overseas.

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