Introduction to Mphasis Limited’s New Appointment
Mphasis Limited, a leading IT services and consulting company, has recently made strides in its organizational structure by appointing a new interim company secretary and head of compliance. This move reflects the company’s ongoing commitment to enhance its governance and compliance mechanisms, ensuring that it continues to operate effectively in a complex business environment. The appointed individual, Sivaramakrishnan Pranam, brings a wealth of experience and expertise that is expected to benefit the company greatly.
Who Is Sivaramakrishnan Pranam?
Sivaramakrishnan Pranam is a seasoned financial leader with over 24 years of experience in various aspects of finance, including financial planning, revenue assurance, cost management, and key performance indicator (KPI) design. His role as head of compliance will require him to apply his rigorous judgment and expertise to help Mphasis navigate its regulatory obligations effectively. His previous experience in finance is expected to align well with his new responsibilities and enhance the company’s overall governance.
Career Journey at Mphasis
Pranam joined Mphasis in 2011 and has been an integral part of the organization since then, currently serving as the Senior Vice President and Head of Corporate Financial Planning and Analysis (FP&A). His progression within the company demonstrates his commitment and ability to adapt to the evolving demands of the business. Before taking on his current role, he held various finance positions at Mphasis, which have equipped him with intimate knowledge of the company’s operational needs and challenges.
Past Experiences Enhancing Expertise
Before joining Mphasis, Pranam gained valuable experience working with prominent companies such as IBM, Tech Mahindra, and Ashok Leyland. This diverse background has provided him with a robust understanding of different business models and industry challenges. Notably, he initially worked in a secretarial department, where he was responsible for a myriad of essential tasks ranging from company formation to book closing. This early exposure to the operational side of business has equipped him with skills beneficial to his new role as the head of compliance.
Educational Background
Pranam’s educational qualifications further bolster his credentials. He holds a postgraduate degree in commerce and is both a qualified company secretary and cost accountant. Additionally, he has completed an Advanced Management Program at the Indian Institute of Management Calcutta, equipping him with advanced leadership and management skills. This combination of education and experience positions him as an ideal candidate to lead Mphasis’s compliance initiatives effectively.
Board of Directors’ Approval
The Board of Directors at Mphasis formally approved Pranam’s appointment during a meeting held on January 23rd. This decision underscores the board’s confidence in Pranam’s capabilities to enhance the company’s compliance framework and governance practices. With this leadership role, he is expected to drive significant improvements and ensure sustainable operational integrity in the company.
Conclusion
The appointment of Sivaramakrishnan Pranam as interim company secretary and head of compliance at Mphasis Limited marks a significant step towards bolstering its compliance mechanisms and governance practices. His extensive experience and multi-faceted background prepare him well for the challenges ahead. As the company continues to navigate a competitive business landscape, Pranam’s strategic insights and governance-focused approach are expected to yield positive outcomes for Mphasis and its stakeholders.
FAQs
What is the role of a company secretary?
A company secretary is responsible for ensuring that the company adheres to legal standards and follows proper governance practices. They manage company records, ensure compliance with regulations, and serve as a key point of communication between the board and stakeholders.
What are the key responsibilities of a head of compliance?
The head of compliance oversees the compliance department, ensures that the company complies with all applicable laws and regulations, develops internal policies, and creates compliance training programs for employees. They play a crucial role in risk management and maintaining the company’s reputation.
What qualifications are typically required for a head of compliance?
A head of compliance generally holds relevant qualifications such as a degree in law, finance, or business. Certifications in compliance and corporate governance are often valued. Extensive experience in compliance, finance, or legal roles is also essential.
How does Mphasis ensure compliance with regulations?
Mphasis employs various measures, such as regular audits, training programs for employees, and the establishment of a compliance framework to monitor adherence to laws and regulations. The newly appointed head of compliance will play a vital role in enhancing these initiatives.