Topic: corporate governance.
7. Corporate governance in India has made significant strides over the years, but challenges persist, and concerns about loopholes and ineffectiveness remain that it may be inadequate to prevent corrupt and unethical practices. Examine. (250 words)
Difficulty level: Tough
Reference: Insights on India
Why the question:
The question is part of the static syllabus of General studies paper – 4 and part of Mission-2024 Secure.
Key Demand of the question:
To write about shortcomings of corporate governance in India.
Examine – When asked to ‘Examine’, we must investigate the topic (content words) in detail, inspect it, investigate it and establish the key facts and issues related to the topic in question. While doing so we should explain why these facts and issues are important and their implications.
Structure of the answer:
Introduction:
Begin by defining corporate governance.
Body:
Write about the various limitations and shortcomings of corporate governance – frequent scams, lack of transparency, absences of accountability, corruption etc. Give recent examples like Yes bank, NSE scam.
Suggest steps to overcome the above.
Conclusion:
Conclude by writing a way forward.
