Business Ethics and Corporate Governance, Second Edition

SUMMARY

In the ultimate analysis, government should set an example by transparently blameless conduct of its own affairs. It should legislate, regulate, and ensure proper conduct of organizations, and enable them to adopt effective voluntary codes of conduct without the heavy hand of legislation, and, wherever possible, stimulate national debate on moral aspects of governance and help create awareness among all sections of society on the importance of ensuring better governance practices both among corporates and in civil society. In this context, it will be worthwhile to quote the view the of the Indian government in the matter of corporate governance. The government has indicated that while it believes in regulation of corporate governance ...