Hyderabad: The year 2002 witnessed a dreaded recession in the US — the largest economy in the world. The same year saw thousands of employees losing jobs and also the collapse of multiple corporate houses, like never before in history.

The issue becomes a serious concern among corporate houses in several nations, including India, and the question is about survival. And it has draws the attention of business captains, experts and policymakers, who have raised the pertinent point: ‘What’s going wrong?’

Administrative Staff College of India (ASCI), a Hyderabad-based renowned institution for working professionals, will be organising a unique workshop on value-based management (VBM) in collaboration with the US-based Stern Stewart & Co and Standing Conference of Public Enterprises (SCOPE), here at Taj Residency on 21-22 March.

The two-day event is aimed at business captains, who focus on to increase the shareholder value and corporate governance of their companies. Joel M Stern, the architect of Economic Value Added Framework, Adi Godrej of Godrej & Co and S Ramadorai, managing director, TCS, and Homi Khusrokhan of Tata Tea will be the key speakers.

Says Stern Stewart country head Tejpavan Gandhok: “Around 100 delegates from Singapore and the Middle East are expected to participate in the workshop.

Adds ASCI spokesman Dr Balakrishna Grandhi: “VBM is essentially a framework for approaching strategic and tactical decisions from a value-based perspective. When properly implemented, this framework enables an organisation to achieve a competitive advantage, by aligning the interests of employees at all levels, and functions with those of the shareholder.”

Says ASCI principal Dr E A S Sarma: “Having been in the forefront of training senior executives in the corporate sector for nearly five decades, this event marks ASCI’s foray into the conduct of theme-based workshops exclusively for CEOs and the top management. In future, ASCI will further harness its strengths in the area of VBM for corporate governance.”