Lack of awareness about vigilance procedures has resulted in corruption and misconduct in India, Central Vigilance Commissioner K.V. Chowdary said here on Wednesday.
Addressing the 15th edition of the Nalco foundation day lecture series on “Preventive Vigilance: Key to Good Corporate Governance”, Chowdary laid stress on awareness of vigilance measures as a fundamental to prevent corrupt practices.
He expressed concern that most people in the country lack awareness about vigilance procedures, which results in corruption and misconduct.
Chowdary said the vigilance system and procedures should be consistent and simplified, and the mechanism should be robust, and continuously tested.
He also focused on a systematic and continuous feedback system.
The CVC said public sector undertakings and corporates, along with government organisations, should give due importance to preventive vigilance as well as predictive vigilance.
Nalco CMD Tapan Kumar Chand said: “As a corporate philosophy, Nalco has focused on value-based management, taking manifold steps to promote transparency, fairness, responsibility and accountability that are cardinal principles of corporate governance.”
A book “Aluminium: the Strategic Metal”, authored by Chand, was also released, which speaks about the strategic use of aluminium.
The first Nalco Kalidas Awards were also handed over to Harekrishna Satapathy, vice chancellor of Rashtriya Sanskrit Vidyapeetha, Tirupati, and Gangadhar Panda, vice chancellor of Jagannath Sanskrit Vishvavidyalaya in Puri for their significant contributions in the field of teaching and propagating Sanskrit.