Tag: corporate governance

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“Corporate governance failures are often ethical failures disguised as compliance lapses”. Substantiate the statement. Identify the ethical principles compromised in such failures.

Q7. “Corporate governance failures are often ethical failures disguised as compliance lapses”. Substantiate the statement. Identify the ethical principles compromised in such failures. (10 M) Difficulty Level: Medium Reference: InsightsIAS Why the question Repeated corporate governance breakdowns have highlighted that mere legal compliance cannot prevent institutional failure when ethical judgment and moral responsibility are weak. …

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Business history, like any other, is replete with stories of remarkable successes and significant setbacks. While businesses drive innovation and improve lives, they occasionally falter, engaging in practices that undermine trust and progress.

Q7. Business history, like any other, is replete with stories of remarkable successes and significant setbacks. While businesses drive innovation and improve lives, they occasionally falter, engaging in practices that undermine trust and progress. Such crises test the moral leadership of business leaders, offering lessons for future generations. One such crisis is currently unfolding for …

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Corporate Social Responsibility (CSR)

Source:  TOI Subject:   Bills and Act Context: The Supreme Court of India has ruled that Corporate Social Responsibility (CSR) must inherently include environment and ecology, holding that CSR spending on environmental protection is not charity but a constitutional obligation under Article 51A(g). About Corporate Social Responsibility (CSR): What it is? Corporate Social Responsibility (CSR) refers …

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Refusing unethical demands may entail short-term risks but upholds long-term moral legitimacy. Analyse the ethical reasoning behind such decisions. Discuss their relevance for corporate integrity.

Q7. Refusing unethical demands may entail short-term risks but upholds long-term moral legitimacy. Analyse the ethical reasoning behind such decisions. Discuss their relevance for corporate integrity. (10 M) Difficulty Level: Medium Reference: NIE Why the question Recent corporate governance failures and ethical crises have highlighted how short-term compliance with unethical demands can erode public trust, …

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Nine Years of Insolvency and Bankruptcy Code (IBC)

Syllabus: Economy Source:  SSTV Context: The Insolvency and Bankruptcy Code (IBC) completed nine years of implementation, having resolved debt worth ₹26 lakh crore. About Nine Years of Insolvency and Bankruptcy Code (IBC): Origin and Purpose of IBC (2016) Introduced to replace inefficient debt recovery systems like SARFAESI, DRT, and SICA. Aims to create a time-bound, …

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Corporate Governance

Syllabus: Corporate governance Source:  LL Context: India has witnessed a surge in corporate governance failures, with recent scandals involving Gensol Engineering, BluSmart, BharatPe, GoMechanic, and DHFL. About Corporate Governance: What is Corporate Governance? Corporate governance refers to the system of rules, practices, and processes that direct and control companies. It ensures accountability, transparency, and integrity …

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UPSC Mains Answer Writing Practice – Insights SECURE: 4 July 2024

The Insights IAS Secure Initiative for UPSC Mains Answer Writing practice enables you to practice daily answer writing, enhancing your skills and boosting your scores with regular feedback, expert tips, and strategies. Let consistency be the hallmark of your preparation and utilize UPSC Mains Answer Writing practice initiative wisely   Click on EACH question to post/upload …

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How does SEBI contribute to the regulation and development of fair and transparent markets in India while promoting corporate governance?

Topic: Indian Economy/Financial Markets Q5. How does SEBI contribute to the regulation and development of fair and transparent markets in India while promoting corporate governance? (150 Words) Difficulty level: Moderate Reference: Indian Express Why the question? A year and a half after the explosive Hindenburg Report on Adani, the Indian regulator SEBI has accused the …

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G20/OECD Principles of Corporate Governance 2023

GS4/ GS2 Paper   Syllabus: Corporate Ethics/ Corporate Governance    Source: OECD   Context: On September 11th (2023), the OECD launched the revised G20/OECD Principles of Corporate Governance, a set of international standards aimed at promoting corporate sustainability, market confidence, and financial stability.   What is Corporate Governance? Corporate governance essentially involves balancing the interests of a …

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The rise of the ESG regulations

GS Paper 3 Syllabus: Conservation, Environmental Pollution and Degradation, Environmental Impact Assessment/Corporate Governance   Source: TH Context: The evolution of environmental, social and governance (ESG) laws and regulations are still at a nascent stage in India.   Background: Businesses should be measured not just on traditional economic metrics (shareholder return), but also by their – …

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All governments are crony capitalists

GS Paper 4   Source: BS  Context: The recent Hindenburg report on the Adani group and instances of business-political nexus have highlighted the term ‘crony capitalists’    What is Crony capitalism?  A political-economic system in which success in business depends on close relationships between business people and government officials, rather than on merit and competition   Examples …

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ICICI Videocon fraud – An issue of Corporate Ethics

GS Paper 4 Syllabus: Corporate Ethics   Source: Indian Express  Context: Just days after the arrest of former MD and CEO of ICICI bank, Chanda Kochhar, and her husband, Deepak Kochhar, Videocon Group Chairman Venugopal Dhoot was arrested by the Central Bureau of Investigation (CBI) for his alleged involvement in the ICICI loan fraud case.    …

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Insights into Editorial: L’affaire NSE: is corporate governance an illusion?

  Context: Over the past 10 days, the revelations about the functioning of the National Stock Exchange (NSE) during the tenure of Chitra Ramkrishna as Managing Director and Chief Executive Officer (CEO) have had people shaking their heads in disbelief. The savvy head of the one of the world’s largest bourses taking guidance on organisational …

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Corporate governance in India is in need of structural reforms which will promote transparency, fix accountability and reward efficiency. Analyse.

Topic: Important aspects of governance, transparency and accountability, e-governance applications, models, successes, limitations, and potential; citizens charters, transparency & accountability and institutional and other measures. 4. Corporate governance in India is in need of structural reforms which will promote transparency, fix accountability and reward efficiency. Analyse. (250 words) Difficulty level: Moderate Reference: The Hindu Why …

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Corporate governance in India has often found to be inefficient, reactive and too powerless to prevent unethical practises. Comment in the light of recent events.

Topic: corporate governance. 6. Corporate governance in India has often found to be inefficient, reactive and too powerless to prevent unethical practises. Comment in the light of recent events. (250 words) Difficulty level: Tough Reference: Indian Express Why the question: The question is part of the static syllabus of General studies paper – 4 and …

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General Studies – Daily Answer Writing Challenge Day – 98

QUESTIONS:06/11/2013 What is the significance of good corporate governance? List out some of the important steps taken by the Government of India in this direction.(150 words) Comment on the salient recommendations of the Damodaran Committee report on improving business climate in India. (100 words) What is Emotional Intelligence? Comment on its role in public administration. (200 Words) GUIDELINES …

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