IBCM Technology

CorporateMOM
Corporate Management Orbiter Mission.

Podcast Episode 96 8-02 Change to Corporate Atomic Structure for Accountability

8-02 Corporate Atomic Structure.mp3

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Podcast Episode 96 8-02 Change to Corporate Atomic Structure for Accountability

8-02 Change to Corporate Atomic Structure for Accountability

Here are 5 key points summarizing the transcript:
1. I advocate for changing organizational structure from a two-dimensional to a three-dimensional model, inspired by Einstein’s view of the universe.
2. I propose a “corporate atomic structure” analogous to the structure of an atom, with protons, neutrons, and electrons.
3. In this model, the board of directors is likened to protons, society to neutrons, and the workforce to electrons.
4. The board and society together form a strong “nucleus” around which the workforce (electrons) revolves. With the strong nucleus corporate stability is established.
5. This structure is meant to create alignment between the organization, its leadership, and society, while allowing for changes in management (like CEOs) without disrupting the core structure.

We got to change our organization structure. If you are going to run your organization only with a debit credit, we can never improve. There will be no growth at all.

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CorporateMOM
Corporate Management Orbiter Mission.

Podcast Episode 95 8-01 Way forward – Accountability – Franchisees for SOS Governance DD

8-01 Way forward Accountability Franchisee.mp3

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Podcast Episode 95 8-01 Way forward – Accountabilit – Franchisees for SOS Governance DD

8-01 Way forward – Accountability – Franchisees for SOS Governance DD

Here are 5 key points summarized from the transcript:
1. The contrasts of traditional accounting methods with the emergence of cryptocurrencies, highlighting the need for new governance systems.
2. They emphasize the importance of governance due diligence in all transactions and decision-making processes.
3. My IPR a concept called “SOS governance DD” (subject, object, self governance due diligence) is an important need for management operating systems.
4. The importance of metrics and benchmarks, describing metrics as “everlasting” (at least on Earth) and benchmarks as universal, are discussed.
5. I aim to establish a franchisee system in Mumbai to help MSMEs (Micro, Small and Medium Enterprises) with governance due diligence, while also expressing interest in assisting larger companies like Byju’s.

We are moving away from mere accounting for transactions to assuming responsibility for non-transactions. Will involve all personnel within a company. Don’t get any false notion that Governance is part of an internal audit system and they would all report to an Audit Committee. There will not be any Audit Committee under the scheme of things when we move forward nor there would be any Internal Auditors. Brace yourself to forget ex-post-facto but apply ex-ante. Governance is a Dynamic function, ask yourself what is the point in securing your stable after the horse has bolted – Saudi Wealth Fund and NFRA should learn what is Governance.

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Reason: https://reason.fm/podcast/cream-ratings

CorporateMOM
Corporate Management Orbiter Mission.

Podcast Episode 94 7-07 Why do we need ICGI – for non-transactional

7-07 Why we need ICGI – for non-transactional.mp3

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Podcast Episode 94 7-07 Why do we need ICGI – non-transactional

Here are 5 key points summarized from the transcript:
1. I suggest there’s a need for ICGI (Institute of Certified Global Accountants) due to challenges in handling non-transactional items in accounting.
2. While many sectors (manufacturing, agriculture, services, etc.) have seen improvements, management has resisted controls and regulations in accounting.
3. The development in the accounting area has been stagnant or declining since 1985, with issues like IAS 38 (intangible assets) causing problems.
4. Modern CFOs are limited to analyzing financial ratios without much improvement in their methods.
5. I argue that ICGI (The Institute of Corporate Governance of India) needs to be established to address these issues in accounting and financial management.

With this 7-07 let me conclude Accounting aspects of our journey toward Accountability. I elaborated how accounting has not kept pace with advancements in other industries, particularly in handling non-transactional items. IAS 38 Intangible Assets no doubt is the most damning non-transactional item, a non-monetary asset without a physical substance but there are others too, such as insider trading. More than 296 such qualitative items exist in an organization that are non-transactional. By removing ICAI’s version of Intangible Assets, Accounting shall deal with mainly on transactions . It shall fortify Accounting body without showing concession to any other body. Intangible Assets Standard be replaced with the earlier version of Capitalization of Research & Development costs. Accounting profession will be secured.

Non-transactional items are very many such as Code of Conduct, whistle blower policy, Women Empowerment etc. nearly 296 of them and we would keep counting more and more. Accounting Standards will not be able to handle them and hence an independent ICGI – The Institute of Corporate Governance of India by an Act of Parliament is very much warranted.

I shall continue giving you in a few YouTube shorts way, explaining the science based approach toward ICGI.

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Apple Connect: https://podcasts.apple.com/us/podcast/cream-technology/id1574092368

Spotify: https://spoti.fi/3qzEAM1

Stitcher: https://lnkd.in/eAUS9-E

Google Play: https://bit.ly/3vZ6ulT

Reason: https://reason.fm/podcast/cream-ratings

CorporateMOM
Corporate Management Orbiter Mission.

Podcast Episode 93 7-06 Why do we need ICGI – Capitalization

7-06 Why do we need ICGI – Capitalization.mp3

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Podcast Episode 93 7-06 Why do we need ICGI – Capitalization

Here are 5 key points summarized from the transcript:
1. The need for ICGI (Institute of Corporate Governance of India) arose from issues related to accounting practices and accountability.
2. In 1985, there were challenges with capitalizing R&D expenditures and brand values, which led to the introduction of accounting standards like IAS 38 for intangible assets.
3. The distinction between short-term (profit and loss) and long-term (capitalized) accounting practices was explained.
4. The millennium merger of AOL takeover of Time Warner is a case in point, creating a $335 billion company, proving that in a world ruled by finance, intangible assets rather than real assets are the indicator of real wealth.
5. Companies like WorldCom manipulated profits by improperly capitalizing expenses, leading to significant losses and demonstrating the need for better corporate governance.

Auditors lost control. We will look into why ICGI is important.

Follow me on LinkedIn:
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Subscribe to my Podcasts:

Apple Channel https://apple.co/36HUfzH

Apple Connect: https://podcasts.apple.com/us/podcast/cream-technology/id1574092368

Spotify: https://spoti.fi/3qzEAM1

Stitcher: https://lnkd.in/eAUS9-E

Google Play: https://bit.ly/3vZ6ulT

Reason: https://reason.fm/podcast/cream-ratings

CorporateMOM
Corporate Management Orbiter Mission.

Podcast Episode 92 7-05 Why do we need ICGI? Intangible Asset

7-05 Why do we need ICGI? Intangible Asset.mp3

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Podcast Episode 92 7-05 Why do we need ICGI? Intangible Asset

Here are 5 key points summarized from the transcript:
1. There’s a shift from accounting to accountability, with challenges in areas like closing stock valuation.
2. The introduction of IAS 38 in 1998 defined intangible assets as non-monetary assets without physical substance, creating challenges for auditors.
3. Intangible assets worth $4.1 trillion were not included in United States statistics, highlighting the scale of the issue.[Corrado and Hulten (2010) estimated of 2007]
4. The valuation and auditing of intangible assets remain a significant problem, as seen in recent cases like SVB and FTX.
5. Large companies in India have substantial intangible assets (around 10,000 crores each), and the Institute of Corporate Governance (ICGI) may be better positioned than auditors to address this issue.

Follow me on LinkedIn:
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Subscribe to my Podcasts:

Apple Channel https://apple.co/36HUfzH

Apple Connect: https://podcasts.apple.com/us/podcast/cream-technology/id1574092368

Spotify: https://spoti.fi/3qzEAM1

Stitcher: https://lnkd.in/eAUS9-E

Google Play: https://bit.ly/3vZ6ulT

Reason: https://reason.fm/podcast/cream-ratings

CorporateMOM
Corporate Management Orbiter Mission.

Podcast Episode 91 7-04 Why do we need ICGI? Chitragupta foremost known Accountant

7-04 ICGI – Chitragupta.mp3

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Podcast Episode 91 7-04 Why do we need ICGI? Chitragupta foremost known Accountant

7-04 Why do we need ICGI? Chitragupta the foremost known Accountant

Here are 5 key points summarized from the transcript:
1. The introduction of computers in banking initially faced resistance from employees due to fear of job loss, but ultimately improved efficiency and expanded services.
2. Technological advancements like computerization have made banking transactions and account information instantly accessible to customers.
3. There are current fears about AI displacing educated professionals, similar to past fears about computers in banking.
4. AI is likely to take over basic data processing and accounting tasks, allowing employees to focus more on accountability and higher-level analysis.
5. I draw a parallel to Chitragupta, the foremost known accountant who records people’s actions, suggesting a shift towards greater accountability in modern accounting practices.

Follow me on LinkedIn:
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Apple Connect: https://podcasts.apple.com/us/podcast/cream-technology/id1574092368

Spotify: https://spoti.fi/3qzEAM1

Stitcher: https://lnkd.in/eAUS9-E

Google Play: https://bit.ly/3vZ6ulT

Reason: https://reason.fm/podcast/cream-ratings

CorporateMOM
Corporate Management Orbiter Mission.

Podcast Episode 90 Why do we need an ICGI? Resolved by addressing Why do we need an AI?

7-03 Why there is a need for ICGI – AI and HI.mp3

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Podcast Episode 90 Why do we need an ICGI? Resolved by addressing Why do we need an AI?

Why do we need ICGI- resolved by addressing Why do we need an AI

Here are 5 key points summarized from the transcript:
1. I contrast AI (artificial intelligence) with ICGI (Institute of Corporate Governance of India), using analogies to illustrate the difference.
2. AI is described as quantitative, able to perform large-scale tasks quickly but lacking in qualitative judgment.
3. ICGI is presented as qualitative, able to make value-based distinctions and judgments that AI cannot.
4. Historical examples from Ibn Battuta and Marco Polo are used to illustrate the importance of trust, honor, and good governance in business and society.
5. I argue that ICGI is necessary for maintaining sustainable value systems and preventing unethical business practices.

AI is logical, HI is paradoxical. The truth is inevitably paradoxical; it contains opposite values. A dilemma exists because of the truth. That is why the truth is illogical. Truth involves completely opposite values; only then, can it be Truth. ICGI helps to resolve the paradox.

Follow me on LinkedIn:
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Subscribe to my Podcasts:

Apple Channel https://apple.co/36HUfzH

Apple Connect: https://podcasts.apple.com/us/podcast/cream-technology/id1574092368

Spotify: https://spoti.fi/3qzEAM1

Stitcher: https://lnkd.in/eAUS9-E

Google Play: https://bit.ly/3vZ6ulT

Reason: https://reason.fm/podcast/cream-ratings

CorporateMOM
Corporate Management Orbiter Mission.

Podcast Episode 89 Why do we need an ICGI? For Accounting to Accountability

7.02 Why we need ICGI – Accounting.mp3

Video Rumble:

Podcast Episode 89 Why do we need an ICGI? For Accounting to Accountability

Why do we need ICGI? For Accounting to Accountability

Here are 5 key points summarized from the transcript:
1. The Institute of Corporate Governance of India (ICGI) is needed to move from accounting towards accountability in corporate governance.
2. Cowrie shells were widely used as currency across many regions, including India, from ancient times until around World War I.
3. Modern accounting practices evolved from simple shopkeeper ledgers to more complex systems as businesses grew larger, but the core principles remained transactional.
4. The role of a modern Chief Financial Officer (CFO) is compared to that of a “Gumazda” (accountant) from 2,000 years ago, suggesting that accounting fundamentals have not changed significantly.
5. The transition from cowrie shells to modern currencies took a long time, with attempts to introduce alternatives (like copper coins) often failing to displace cowrie shells initially.

Follow me on LinkedIn:
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Subscribe to my Podcasts:

Apple Channel https://apple.co/36HUfzH

Apple Connect: https://podcasts.apple.com/us/podcast/cream-technology/id1574092368

Spotify: https://spoti.fi/3qzEAM1

Stitcher: https://lnkd.in/eAUS9-E

Google Play: https://bit.ly/3vZ6ulT

Reason: https://reason.fm/podcast/cream-ratings

CorporateMOM
Corporate Management Orbiter Mission.

Podcast Episode 88 Why do we need an ICGI – The Institute of Corporate Governance of India?

7-01 ICGI Videos.mp3

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Podcast Episode 88 Why do we need an ICGI – The Institute of Corporate Governance of India?

Follow me on LinkedIn:
https://www.linkedin.com/mynetwork/discovery-see-all/?usecase=PEOPLE_FOLLOWS&followMember=jayaraman-iyer-6027b71

Subscribe to my Podcasts:

Apple Channel https://apple.co/36HUfzH

Apple Connect: https://podcasts.apple.com/us/podcast/cream-technology/id1574092368

Spotify: https://spoti.fi/3qzEAM1

Stitcher: https://lnkd.in/eAUS9-E

Google Play: https://bit.ly/3vZ6ulT

Reason: https://reason.fm/podcast/cream-ratings

CorporateMOM
Corporate Management Orbiter Mission.

Podcast Episode 87 Mission Corporate Governance – ICGI – Status Report 17 Feb 2025

ICGI Mission Status and Report.mp3

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Podcast Episode 87 Mission Corporate Governance – ICGI – Status Report 17 Feb 2025M

My mission is to bring in the Institute of Corporate Governance of India under an Act of Parliament. That’s my mission and I have been writing to the Prime Minister, the Finance Minister and the Home Minister. I am very happy about it. Happy in the sense they are the people who govern the country and they have taken my information and have responded very well in terms of sending it to some of the other departments of the government as well as providing me with a status number so that I can always go back.

The interest that they have shown in the Corporate Governance that is, going from accounting to accountability is a very important factor and that is the status as on today. How we eventually come to a fruitful conclusion as the Institute of Corporate Governance of India a separate independent institute is what this status report brings to fore.

My objective is to bring the Institute of Corporate Governance of India under an Act of Parliament. There is a need for it. That is my emphasis.

I have explained a lot of things. So I’m very happy about the Prime Minister, the Finance Minister and the Home Minister to have listened to me so far. My request is that do not leave this ICGI and it is very important.

Here are 5 key points summarizing the transcript:
1. The main mission is to establish the Institute of Corporate Governance of India (ICGI) as an act of Parliament, emphasizing its importance for improving corporate accountability.

2. Two critical areas of focus are i. reducing the cost of consumption for manufacturing companies by working with their suppliers (often MSMEs), and ii. improving investor assurance through governance due diligence for startups and VC funding.

3. I was looking at Prime Minister Modi talking about the textile Industry. I have already done $350 billion in 2030 Analytics for Textile Industry. How to approach that? That is recycling of the waste, the PM mentioned, which is ignored by the textile units.

4. The Union Budget 2025 I praise for focusing on four engines of development: Agriculture, MSMEs, Investment, and Exports. I State ICGI as a mandatory requirement for each and every company. It must come from the government alone. It is non-mandatory as on today for very many companies and I reiterate companies to adopt it right now. I suggest that industries need to actively engage with these initiatives rather than passively receive them.

5. The concept of “Effort per Person” (EPP) is introduced as a key metric for measuring productivity and achieving growth targets, particularly in relation to India’s 2047 economic goals.

This is the sum and substance of ICGI Status Report.

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Google Play: https://bit.ly/3vZ6ulT

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