New Delhi: REC Limited, a Maharatna CPSE under the Ministry of Power and a leading Infrastructure Financing NBFC, has successfully renewed its ISO 31000:2018 Letter of Recognition for Risk Management Guidelines following a comprehensive reassessment conducted by the British Standards Institution (BSI). The renewed recognition reaffirms REC’s commitment to maintaining globally benchmarked risk management practices and strengthening organizational resilience in an evolving business environment.

The reassessment exercise was undertaken by REC’s Risk Management Division to evaluate and enhance the organization’s Enterprise Risk Management (ERM) framework in line with evolving regulatory requirements, emerging business risks, industry best practices, and changing market dynamics. Following an extensive audit and evaluation process, BSI renewed REC’s Letter of Recognition for compliance with the principles and guidelines prescribed under ISO 31000:2018.

ISO 31000:2018 is an internationally recognized standard that provides principles, framework, and guidelines for effective risk management. It enables organizations to systematically identify, assess, monitor, and mitigate risks, thereby enhancing decision-making, improving governance, strengthening resilience, and supporting long-term sustainable growth.

REC had earlier achieved a significant milestone by becoming the first Indian Public Sector NBFC to receive recognition from BSI for compliance with ISO 31000:2018 Risk Management Guidelines in July 2025, demonstrating its pioneering approach towards institutionalizing a robust and enterprise-wide risk management culture.

Ms. Sankaran brings over 25 years of diverse industry experience spanning P&L performance management, operations finance, and strategic analysis in multiple global industries. She currently serves as Managing Director of Alstom Global Finance Centres, and has been with the company for over a decade. She has previously held multiple finance leadership roles at General Motors Technical Centre India, Ford Motor Company, and other enterprises in the United States and India.

She is widely recognised for leading complex organisational transformations, change management, and strategic cost-reduction initiatives. She has also been a strong advocate for diversity and inclusion, having chaired Women’s Councils and POSH (Prevention of Sexual Harassment) Committees across organisations.

Commenting on her appointment, Ms Sankaran said, “LatentView is at an exciting juncture as it scales its global analytics and AI-led consulting capabilities. I look forward to working with the Board and leadership team to strengthen governance, drive sustainable financial discipline, and support the company’s next phase of growth. It is a privilege to join the Board at a time when data and AI are reshaping how enterprises create value.”

Rajan Sethuraman, CEO of LatentView Analytics, said, “As we continue to deepen our analytics and AI capabilities, strong financial governance and operational rigour become even more critical. Sudha’s extensive experience in finance transformation, global shared services, and corporate governance across leading multinational organisations will be a valuable asset to our Board as we build on our momentum and grow further.”

Ms Sankaran holds an MBA in General Management from Simmons University, USA, and is also a Chartered Accountant and Cost Accountant. She brings strong corporate governance and strategic expertise to LatentView, having previously served in key leadership and board roles in various organisations.

The featured reforms include AI-enabled surveillance systems, the Integrated Command and Control Centre, the DigiCOAL platform, GPS-based vehicle tracking, RFID access controls, and the specialized Mission Zero Scrap initiative. These digital interventions are designed to eliminate pilferage, strengthen systemic monitoring, and improve operational governance. By implementing these advanced tracking frameworks, SECL continues to establish new benchmarks in corporate integrity for public sector enterprises.

#DPE  #CPSEs #CapacityBuilding #CorporateGovernance #LeadershipDevelopment #BoardGovernance #PublicSector #ViksitBharat2047

During his tenure, Sinha has played a pivotal role in strengthening GAIL’s financial systems, investor relations, corporate governance, compliance, treasury management, and investment appraisal processes. He also led major digital transformation initiatives, including SAP implementation, process automation, and the centralisation of financial operations. His contributions have earned him several professional accolades, including securing second rank in Asia for IR Professional in the Extel Asia Survey 2026, along with honours from the Institute of Cost Accountants of India for excellence in finance leadership and cost management.

Bengaluru, 1 July 2026: UST, a leading AI and technology transformation solutions company, has been recognized as one of the World’s Most Ethical Companies® by Ethisphere. UST is one of just six software companies worldwide to be recognized by Ethisphere in 2026 and is the only privately held software company on the exclusive elite list, a reflection of the company’s deeply held commitment to ethical practices.

This recognition honors organizations that exemplify ethical business conduct by implementing comprehensive programs which generate positive outcomes for employees, communities, and stakeholders while also fostering sustainable, long-term business growth. UST was commended by Ethisphere for demonstrating that it has policies in place to foster a strong culture of ethics based on integrity, ethical governance, and responsible business practices.

UST’s inclusion on this elite list underscores the company’s commitment to integrating ethics and integrity into every aspect of its business practices. By prioritizing trust, transparency, and accountability, UST ensures that all its solutions deliver measurable value and meaningful impact for clients, employees, and stakeholders.

To compile its rankings, Ethisphere engages in a rigorous assessment of all applicants based on its Ethisphere Ethics Quotient®. Applicants are evaluated using more than 240 data points across a number of categories including culture, ESG, compliance, and governance. This data undergoes further qualitative analysis by Ethisphere’s panel of experts. In 2026, 138 companies from 17 countries were recognized by Ethisphere.

“We are honored to be named one of the World’s Most Ethical Companies as this distinction speaks to the strength of UST’s people, culture, and values. This recognition underscores the effectiveness of our efforts to empower employees to responsibly bridge technology and AI innovation while driving real outcomes for our clients. Trust, transparency, and accountability are foundational to our work, and we remain dedicated to setting the benchmark for excellence in ethical governance as we create lasting value for our employees, clients, stakeholders, and communities worldwide,” said Colleen Doherty, Chief People Officer, UST.

“This recognition from Ethisphere highlights UST’s strong commitment to governance, ethics, and integrity as core drivers of sustainable growth, going well beyond compliance to embed these principles across all aspects of our business. Notably, UST has voluntarily benchmarked itself against global public companies and stands as the only private software company worldwide to receive this honor, reflecting the strength of our governance framework and ethical standards. Trust remains central to everything we do—from client delivery to leadership decisions—and this achievement is a testament to every UST employee who consistently demonstrates accountability, integrity, and continuous improvement,” said Ramanathan Raghunathan, Vice President & Global Head of Governance, Risk, and Compliance, UST.

“Congratulations to UST for achieving recognition as one of the World’s Most Ethical Companies®. As we mark the 20th class of honorees, this group continues to raise the bar for business integrity by embedding ethics into everyday decision-making and long-term strategy. UST’s recognition as the only private software company among this year’s honorees highlights the strength of its commitment to ethics, compliance, and governance as drivers of long-term performance,” said Erica Salmon Byrne, Chief Strategy Officer and Executive Chair, Ethisphere.

According to Vedanta’s 11th Tax Transparency Report, the FY26 breakdown highlights the company’s diversified impact on national revenue. The total includes Rs.14,840 crore in government royalties and profit petroleum, Rs.8,290 crore in income and capital taxes, Rs.11,897 crore in other taxes borne, and Rs.21,777 crore in indirect taxes. Additionally, the company accounted for Rs.3,188 crore in withholding taxes and Rs.1,180 crore in corporate dividends paid to the Government of India through Hindustan Zinc Limited, demonstrating strong fiscal discipline and transparent governance in support of the Viksit Bharat vision.

#IICA #EconomicSecurity #FinancialSecurity #EconomicResilience #FinancialCrime #Governance #PublicPolicy #ThoughtLeadership #EconomicSecurityInsights #newsletter#Economic Advisory Council to the Prime Minister (EAC-PM)

According to an order issued on June 11, 2026, the Competent Authority has approved reducing the board strength of both central public sector enterprises by 50 per cent, bringing the number of directors down from 16 to 8.

As part of the restructuring, the existing post of Chairman and Managing Director (CMD) in both companies has been redesignated as Managing Director (MD) with immediate effect.

The order further stipulates that the Chairman and Managing Director of NTPC will serve as the Non-Executive Chairperson of both THDCIL and NEEPCO. The arrangement comes into force immediately.

In another key decision, the Ministry has discontinued the prevailing additional-charge mechanism for the top executive position in the two companies. Future appointments to the post of Managing Director will be made in accordance with established government procedures through the Public Enterprises Selection Board (PESB) and with the approval of the Appointments Committee of the Cabinet (ACC).

The move is aimed at streamlining corporate governance, strengthening oversight, and aligning the management structure of the two NTPC subsidiaries with the government’s broader public sector reforms agenda.

THDCIL and NEEPCO are among the country’s prominent hydropower and power generation public sector undertakings operating under the administrative control of the Ministry of Power. ( NEWS MANTRA)