Mumbai: Securities and Exchange Board of India (SEBI) chairman G N Bajpai addressed the fifth passing out batch of 80 students of Nirma Institute of Management PGDM (full time) and fourth batch of PGDM (part time) on April 8, according to an official press release.

"Corporations are built and thrive on the fulcrum of investors' confidence, workers' trust, nation's aplomb and savoir faire. And the impact of corporate behaviour resonates not only nationally but also globally. Hence, building good corporate citizens of India is likely to unfold a kaleidoscope of possibilities of architecturing the economic resurgence of India," he said.

The SEBI chairman applauding the endeavors of socially responsible corporates, opined that the involvement of corporates either in the area of social activities or payment of tax constitute charity and that contribution through such or other similar measures is a way of sharing with the nation. On the other hand, the lack of contribution tantamounts to depriving the nation of the share of wealth created by corporates.

The best scholastic performance awards for the year 2002 were given away at the hands of the SEBI chairman, the release said.

Speaking at the convocation, Dr Karsanbhai Patel, chairman, Nirma Education & Research Foundation (NERF) informed the august gathering about the success of NIM in being rated as one of the top 25 B-schools in the country and one among the top 10 B- schools established after 1990.