February 11, 2025: UN GCNI, PHDCCI, and Ethosphere jointly organized the third and final edition of the webinar series on Responsible Business Conduct (RBC). The webinar featured distinguished panelists and thought leaders who shared their insights on fostering transparency, accountability, and responsible corporate governance, particularly in the healthcare sector.
The session commenced with a welcome and introduction by Dr. Somnath Singh, Deputy Director, UN GCNI, who set the tone for the webinar by emphasizing the importance of RBC in ensuring sustainability and long-term business success. He provided an overview of the three-part webinar series, highlighting governance foundations, IT-enabled RBC implementation, and public-private partnerships. He further stressed the need for organizations to embrace ethical leadership, comply with global standards, and integrate innovative solutions to enhance responsible business practices.
Following this, Mr. Jitender Rana, Deputy Secretary, PHDCCI, introduced the speakers and set the context for the discussion.
The panel discussion featured prominent experts from various industries who provided valuable perspectives on different facets of RBC.
Mr. P Rama Krishna Reddy, Founder, Anti-Corruption Force (ACF) & AI Next IT Solutions Pvt. Ltd., discussed how breakthrough innovations are reshaping ethical business practices. He elaborated on the role of technology in enhancing transparency and accountability, highlighting case studies where digital solutions have successfully strengthened corporate governance frameworks.
Ms. Supriya Madan, Principal Ethics and Compliance – India, British Telecom Group, addressed the challenges in implementing RBC across industries. She explained the common barriers businesses face in adopting ethical governance and stressed the importance of balancing financial sustainability with integrity. She emphasized the need for organizations to develop long-term ethical strategies while ensuring profitability and competitiveness.
Col. Abdul Hameed Khan (Retd.), Director Administration, Park Group of Hospitals, shed light on the critical role of leadership in embedding RBC into corporate culture. He provided insights into how leaders can drive ethical behavior within organizations, foster a responsible business environment, and ensure compliance with governance standards. He also shared best practices for building an organizational culture that prioritizes accountability, transparency, and ethical decision-making.
Dr. Jatinder Singh, Deputy Secretary General, PHDCCI, discussed nurturing a culture of innovation and sustainable growth through ethical business leadership. He emphasized that businesses must integrate sustainability-driven innovations to foster long-term success while adhering to ethical practices. He also highlighted strategies for companies to build an inclusive and transparent corporate culture that balances profitability with environmental and social responsibility.
The panelists collectively discussed the future trends in responsible business conduct, covering topics such as the integration of innovation in RBC, anticipated challenges in maintaining transparency, and strategies for fostering accountability in organizations. The discussion also focused on measuring the impact of RBC initiatives using Key Performance Indicators (KPIs) and ensuring continuous improvement in ethical governance frameworks.
The panel emphasized that collaboration between regulators, businesses, civil society, and other potential stakeholders is essential in ensuring ethical governance. Companies must adopt technology-driven compliance mechanisms, invest in leadership development, and create policies that reinforce ethical behavior at all levels.
Summarizing the session, Dr. Somnath Singh reiterated the importance of responsible business conduct as a driver of long-term success. He encouraged organizations to implement future-ready RBC strategies and commit to sustainable business practices that prioritize ethical governance. He thanked the distinguished panelists for their expertise and insights, highlighting the significance of their contributions in shaping the discourse on RBC.
The Three-Part Webinar Series on Responsible Business Conduct has provided a comprehensive exploration of RBC principles, implementation strategies, and future pathways.
The event successfully concluded with a shared commitment to advancing ethical governance, fostering a culture of accountability, and integrating innovative solutions for responsible business conduct in the future.
