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" We invited HP executives to participate in the management and in the board. HCL had this concept of corporate officers since inception in 1999. We had a remuneration committee. Now everyone is talking about nomination and remuneration committee. We had this from 1999. "

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" What happens to a private company that comes out with a quarterly report and an annual report? It gives transparency. It talks of basic issues of governance and transactions with related parties. "

Shiv Nadar

Out

Company

Governance

" I admire companies that give back to communities. It is an absolute essential for organizations to watch, mitigate, and improve their impact on the environment, people, communities, their health and overall well-being. But this is a necessary condition, not a sufficient condition. "

" I would like to share something that is being done extremely well by Bill Gates through the Bill & Melinda Gates Foundation. The foundation is only going to address areas which are seen by Bill or Melinda as ills of the world. The foundation has no perpetuity. "

Shiv Nadar

World

Going

" Adaptability and constant innovation is key to the survival of any company operating in a competitive market. "

" Though easy to define, it is important to understand the significance of philanthropy. I believe it is really a state of mind: where one feels empowered and equipped to fill the huge gaps in the existing system. "

" The moment I write out a cheque, it's an asset I have written off. "

" I never second-judged my mother. "

Shiv Nadar

Mother

Never

" We got our land at the right time, but when we go for additional land for our schools or the museum, there will be extra cost. "

" In the future, there are going to be various components of doing business that have to be looked at. "

" I was a very good student. But I didn't have the latitude to study more. I was never allowed to do anything cross-disciplinary. Why can't an engineering student learn physics? "

" The 1980s were fantastic. This was a time when we were at the peak of our creative work. The question of whether we would exist or not - something which everybody used to ask, including ourselves - stopped. Profits kept pace with growth requirements. HCL had credibility - that was the biggest barrier we had to break. "

" Education is taken for granted. Teaching shops are different from building character. "

" The Bharat Ram family was into philanthropy a way earlier. They build institutes such as Shri Ram College of Commerce, Lady Shri Ram College, and Shri Ram Schools. They are very inspiring. "

" If you look at the leading Indian IT companies, Cognizant is not active in business process outsourcing, and neither is Satyam. "

" There is a disconnect in education and work. And corporates don't do a great job of skilling. In future, corporates and educational institutions will work closely. "

" A founder can carry an institution only so far, and then others have to step in, even the alumni. That's how an institution becomes one. "

" Any school which wants to create an impact on the society should work on creating leaders. "

" My daughter has no interest in succeeding me in the business. She is going towards social entrepreneurship, an area she is interested in. "

" The younger you are, the more courage and audacity you will have to set long-term goals and be there to personally work towards your vision. You will have the confidence to take risks because you have time by your side. You can bring innovation into everything you do and constantly reinvent yourself. "

" An 18-year-old is good enough for our business, and we can teach them engineering in two years. "

" As a product of education, I have always believed in the power of education as the most powerful, high-impact catalyst for transformation. Look at the impact that the Indian Institutes of Technology have had globally. "

" At the undergraduate level, SNU has a unique 'Opportunities for Undergraduate Research' programme. Students are encouraged to undertake research programmes at the undergraduate level and get trained in the interdisciplinary research. "

" When you take the best of universities in the world, all of them have research and education contiguous; the person who teaches you could be a Nobel laureate. Some subjects are at the tri-junction of many subjects put together. "

" In philanthropy, you have to take the attitude of a mother... You have to be patient, and we have been very patient for a long time. "

" After Independence, there were periods of very high taxation. So you didn't create wealth, how will you distribute it? When was the first time capital gains tax was introduced? It was 1992 March. Till then, everything was taxed one way. "

" The FM proposed to set up a Credit Guarantee Fund to ensure better flow of funds to students. "

Shiv Nadar

Fund

Flow

" Working with Roshni gives me lot of confidence. When I started SSN - in 1994, after a windfall gain from HCL-HP then - I was OK to do it alone. My brother, who was supposed to head it, passed away. We had a governing council to run it. That was a leap of faith, and we didn't know where we will get. "

" Union Budget 2012 has supported industry's long time demand to improve the provision and standards of education in the country. "

" In South, getting admission in SSN is not possible just because someone is my relative. One of the ministers said SSN is the only institution where I can't get a seat for anyone. That's true of Uttar Pradesh and Delhi governments, too. "

" I believe good corporate governance is critical in enhancing competitiveness and creating industry - leading profitable growth and superior returns for every stakeholder of the institution. "