CorporateMOM,
Corporate Management Orbiter Mission.
Podcast Episode #68 Seeking RBI – SEBI Approval for SOS [Subject – Object – Self] Governance Rating System
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SOS Governance Ratings System 3
Seeking RBI – SEBI Approval for SOS [Subject – Object – Self] Governance Rating System
1. RBI – SEBI Approval: I herewith submit to RBI – SEBI for Approval of my proposal on the SOS [Subject – Object – Self] Governance Rating System. I am 81, hale and hearty, a Chartered Accountant, and a Research Scholar. I am mindful of taking a fresh rating system to India’s Regulatory Authorities for my empirical research study of corporate shows [warrants] a great demand from companies.
2. IBCM: My IPR is IBCM – Inactivity-Based Cost Management. Activity has a cost incidence whereas Inactivity is a Cost Consequence. Measure Cost Consequence, Now, Now, Now. That’s the main theme.
3. FEC Report: I aim to bring the FEC – [Fiscal-Ethical-cum-Co-Responsibility] Report as a mandatory framework for every company. In our normal parlance, the Balance Sheet of SOS [Subject-Object-Self] Governance matches individuals’ actions and inactions to work performance. This is applied with the advent of the SOS Governance Standards Rating System.
FEC Report Analytics consists of 200 process blocks, 12 Quantitative and 188 Qualitative elements of Management. SOS [Subject – Object – Self] Governance Rating System MEASURES the qualitative elements also.
This is made feasible by sciences incorporated for Corporate Management – Physics, Quantum Physics, and Metaphysics. The essence of an FEC Report is the sustainability of the value system within each company.
4. The everlasting Metrics and Benchmarks: The everlasting metrics bring the necessary measuring device and the everlasting benchmarks, set targets for growth, from nature. Everlasting metrics and everlasting benchmarks are a great boon for Regulatory Authorities, to track performance by SOS Governance DD 2030.
Everlasting Corporate Metrics mean it will last till our planet Earth operates. A plane here cannot fly on the moon, Saturn, or Mars. Metrics for other planets are different. So is the case for Corporate Metrics. Here on the Planet Earth Metrics created are well suited for Corporate. Then only Corporate Planes fly. You must realize the Corporate Planes are stuck on the tarmac. Apply Physics, Metaphysics, and Quantum Physics that SOS Governance offers.
5. Corporate ODI: For example, since March 2020, over two-plus trillion euros in climate bonds have been issued and financed through European Union climate bonds, necessitating ESG Ratings phenomena. Not ex-post-facto but ex-ante that SOS Governance DD delivers by MeRIT – Measure, Record, Implement, and Track. Corporate ODI is setting targets for Strategy Plan 2030, CAGR and CARR [Reduction Rate] are tracked daily with CDGR and CDRR.
6. Company Ratings linked to people performance: However, the Rating of companies is linked to the performance ratings of individuals within a company. Still, consolidating SOS [Subject-Object-Self] Governance ratings matching individuals’ actions and inactions to work performance completes the Index of Inactivity of process areas to the Index of Inactivity of the resource area. There is only one resource which is the pulsating energy of people.
7. Sengol: Rule expresses the truth and justifies our conduct. We have rules but no company justifies the conduct of its people. That is the critical area of knowledge database companies find themselves empty of. The New Parliament gets Sengol – scepter not to rule but to justify our conduct. It is systematically done with the work that brings Nari Shakti as women empowerment to measure and certify ethical and co-responsibility.
8. Volkswagen case study: My book analyzes the case study of Volkswagen. Taking the case study of Volkswagen the causality of corporate stability to instability, the stable and unstable conditions are extensively reviewed. Volkswagen is a good study highlighting how fiscal responsibility is essential for corporate stability but sustaining it on a longer-term, ethcial-cum-co-resposnibility factors are critical.
9. Women Empowerment: The study concludes the critical area of ethical -cum- co-responsibility is dependent on Women Empowerment.
10. CREAM Ratings: SOS Governance is being applied in CREAM Ratings. CREAM is for Corporate Governance Risk Management, Earnings, Accounting Quality and Management Quality.
11. HUL CREAM Ratings: HUL Ratings rated from 2007 to 2019, of 170 open-ended process blocks of qualitative and quantitative Corporate Management Operating System, give an interesting study. The empirical research study, of HUL by CREAM Ratings shows the trend more meaningful and insightful than a P&L and Balance Sheet analysis.
12. Mandatory Grading for IPOs (SEBI): It was a brilliant move by Mr. Damodaran to introduce mandatory grading for IPOs in 2007. “It is Sebi’s intention to press ahead with the introduction of the mandatory grading exercise.” But the intentions could not be transformed into a practice of management as it lacked the necessary theory of management. My two books: 1. Corporate Citizenship and Sustainability, with the subtitle Measuring Intangible, Fiscal, and Ethical Assets, is the Theory of Management; 2. CorporateMOM—Sustainability of Corporate Stability, is the Practice of Management, resolving the problems that the mandatory grading had to be discontinued, despite Damodaran mentioning, “The measure… is being decried in the hope that it would be discontinued.”.
13. National Grid of Governance: Several of my research papers that I shall make available to you for furthering my proposal to get your approval for the SOS [Subject – Object – Self] Governance Rating System. Research papers include how to develop from the bottom to the top, from companies to India’s 806 districts GDDP, then GSDP, GDP, and GNH – Gross National Happiness Index. Integrating GDP-GNH is crucial to tracking societal changes. National Grid of Governance is feasible.
14. RBI-SEBI Approved Rating System: I contend that rating agencies mentioning RBI-SEBI Approved Rating Agency is a misnomer. RBI-SEBI Approved Rating System would facilitate many certifying agencies to certify the rating system that individuals or companies or firms can get trained in. In that respect, Governance DD is more crucial than Fin DD or Vendor DD.
15. ABC of SOS Governance Standards: Auditing, Banking and Companies are yoked together but rated independently.
Yours Truly,
Jayaraman Rajah Iyer
jayar@ibcm.in
jayar@creamratings.com
+919487390439
LinkedIn: http://www.linkedin.com/in/jayaraman-iyer-6027b71
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