바카라�We Are Doing Far Too Little Compared To What Needs To Be Done바카라�

Azim Premji was in his 20s when he took over his father바카라�s vegetable oils business. Back in the 1970s, the firm, then only just diversifying into manufacturing soaps, set out to hire from one of the top B-schools in the country, but had to ret­urn ­empty-handed바카라�for nobody, as Premji once recoun­ted, had heard of them.

The Wipro story바카라�the transformation of a family business into a professionally-run one and, then, its early bet on infotech as the future바카라�is one of ­India바카라�s corporate legends.

Premji, 72, who has been at Wipro바카라�s helm for half a century, believes owners of corporates are trustees of the wealth that has to drive social causes. He is among India바카라�s most generous businessmen, having pledged 39 per cent of Wipro바카라�s shares for philanthropic initiatives.

Premji, Best Socially Conscious Entre­preneur at the Outlook Speakout Awards 2017, feels we are doing far too little when it comes to caring for our environment. 바카라�Issues of environmental sustainability, parti­cularly that of water and climate change, are going to hit us harder and sooner than we expect,바카라� he tells Outlook in an inter­view. Edited excerpts:

Education, you have always believed, is the fuel that drives India바카라�s growth. Looking back at the Azim Premji Foundation바카라�s work through these 17 years, how satisfying has the journey been?

Education can drive growth and development, but it is a lot more than that. It is the foundation for a just, equitable and humane society. A good public education system is critical for a sound democracy.

The 17 years with the foundation so far have been very gratifying. We have learnt a lot. We have built deep expertise in education and a large, outstanding team of com­mitted people working in the field and at our university. As a nation, we have made a lot of progress. We have one of the largest public education systems anywhere in the world. School enrolment is close to universal, irrespective of gender, caste or religion. If you consi­der that just 30 years ago, less than half of our girls were in school, this is nothing short of remarkable. All this has not happened by chance, but is the result of systematic efforts.

We cannot be satisfied, though, when there is so much more that remains to be done. The quality and equity of our schools need to improve significantly, so that all our children learn to think for themselves, and grow up as good citizens of this country. Once this happens, I believe school education will play an important role in bringing to light the India that we have promised ourselves in our Constitution.

What are the broad issues you often find yourself worrying about?

I must say I don바카라�t worry too much, bec­ause worrying is not constructive. We continue to have so many of our people without access to the most basic of things바카라�a decent livelihood, nutrition, shelter, healthcare, education, justice, all that is essential for a life of dignity. This is deeply troubling.

We are also doing far too little when it comes to caring for our environment. Issues of environmental sustainability, particularly that of water and climate change, I feel are ­going to hit us harder and sooner than we expect.

There are challenges on multiple fronts of human development, and we must confront them.

I think each of us must pick up some area and try to contribute towards it. This will require building great expertise in that area, and working on a sustained basis.

Corporations, you have noted earlier, can play a significant role in contributing to building a better society. Und­erstandably, there are limitations. Even external regulatory mandates for social action, can have only a limited role to play. Do you see owners, who aren바카라�t res­tricted in that sense, doing as much philanthropy as they could be? This, more so, at a time when we are seeing a vibrant start-up ecosystem taking shape and creating more, and younger, millionaires?

There are many individuals and corporations already contributing to building a significant society in India. Surely this number can increase substantially.

Along with a few other like-minded philanthropists, I am inv­olved in the India Philanthropy Initiative, which is an eff­ort to share and learn from each other on matters of soc­ial concern and philanthropy. We have seen very vibrant and honest sharing of experiences and resources. Over time, I feel, such initiatives will help in increasing philanthropy.

Some years ago, at a graduation ceremony, you spoke about the 바카라�critical importance of things that we consider ordinary바카라�. In an age defined by the speed of innovation and disruptive business models, what are some ordinary aspects that we often overlook?

There are three simple things whose importance can ­never be overstated. They are  hard work, hum­ility and integrity. In my experience, these three qualities are essential for a meaningful and ­fulfilling life.

Through Wipro바카라�s journey from a small company making vegetable oils to a global technology firm, if there was one persistent thought you woke up to in the 50 years at the helm, what would it be?

I have usually been a good sleeper, bec­ause I don바카라�t carry my worries to bed. But if I were to interpret your question metaphorically, I have always felt it is very important for our entire org­anisation and everything we do to always reflect the deepest sense of int­egrity. And integrity, to me, is more than only abiding by the law. It is about honesty and fairness in all actions, it is about delivering on commitments, it is about being true to oneself.

N.R. Narayana Murthy has described you as 바카라�one of the finest exponents of good governance in India and the best example for separating management from control바카라�. What would you reckon as the most important lessons you have learnt about governance, leading Wipro?

At the risk of sounding repetitive, I would say, integrity is at the core of good governance and I mean integrity in the manner I have described previously, the broad and deep definition of integrity, not a narrow one.

And I must also add that I feel there is too much attention being paid to the notion of good governance at the board and top ­management level. This, however, is not of much use unless there is a culture of good governance, a culture of integrity, across the entire organisation.

Good governance manifests in what happens with your company바카라�s front-line employees, its clients and vendors. As I said, a culture of integrity is everything, good governance is only one aspect.