All the proceedings were covered by video cassettes. The discussions were tape recorded which helped in developing a transcript of the proceedings. This is available, in an abridged form, in the Convention Book kept at the Association’s library in Karachi.
The following major recommendations were made at the Convention:-
Morality and Social Justice:
Management in corporate sector should be tempered with morality and social justice and a realization of a larger role in the national context, with emphasis on protection of the physical life from environmental degradation.
Development of Trained Manpower:
Highest priority should be given in the corporate sector to the development of trained manpower generally and executive cadre particularly. In this connection, it was suggested that:-
- There should be massive allocation of attention and financial resources to the man-power and management development functions, particularly in the private sector where modern skills are required in large quantum jumps.
- A cadre of professional managers should be instituted so as the groom professionals for management in the particular context of the public sector enterprises.
- An institution should be established for training of this cadre on the lines of Pakistan Administrative Staff college and national Defence college.
- Management development should be need-based and integrated with the larger organizational systems.
- Training courses and material should be adapted to our conditions and languages with modern techniques.
- Courses in management should be introduced in technical colleges as well as for educational administrators.
- Corporate organisations should build strong liaison with the universities in terms of helping them help business and industry in turn.
- Emphasis should be placed on supervisory and worker training and education
Transfer of Technology
- A massive technology absorption programme should be adopted for the whole country. Technology Cells should be set up in all corporate institutions to act as conduits for the inflow of latest technology.
- All technology transfer agreements should be exempted from tax.
- Large manufacturing concerns in both private and public sectors should allocate a portion of their funds to research and development and technology adaptation with a view to develop appropriate technology.
Environment of Corporate Management
- Gross over-regulation of the corporate sector should end as it leads, amongst other things, to corrupt practices.
- Taxation structure should be rationalized so as to simplify and lighten the burden on corporations.
- Social and physical infrastructure should be developed to cope with modern industrial needs and allow industries grow unhampered.
- Management practices and methods in the Government should be improved so that private and public sector can interact with them more efficiently. The Government should appoint a commission for this purpose.
- Procedures for setting up corporations should be simplified and streamlined.
- As part of the social infra-structure, management of school systems and the family should be improved by giving management training to school administrators and parents.
- Boards of Directors of Public Sector Corporations should be granted autonomy with clear-cut definition of financial and social results to be achieved.
Top management group in public corporate sector should be manned by professional managers.
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