Topic : corporate governance.
6. In the corporate world, companies play on important role in country’s economy and make a great contribution to national progress. Corporate ethics applies to all aspects of business conduct and is relevant to the conduct of individuals and the entire organization. Discuss. (150 words)
Difficulty level: Moderate
Why the question:
The question is part of the static syllabus of General studies paper – 4 and part of ‘Abstract Thursdays’ in Mission-2023 Secure.
Directive word:
Discuss – This is an all-encompassing directive – you must debate on paper by going through the details of the issues concerned by examining each one of them. You must give reasons for both for and against arguments.
Structure of the answer:
Introduction:
Begin by defining corporate ethics.
Body:
Write about the need of Corporate ethics – promote their commitment to non-economic values such as ethics codes and social responsibility, regulate areas and details of behaviour that lie beyond governmental control etc. Cite examples.
Next, write about the ways to achieve the above.
Conclusion:
Conclude by summarising.
