Business Ethics and Corporate Governance

CHAPTER 13

Corporate Governance: An Overview

INTRODUCTION

This chapter deals with corporate governance in all its aspects—what it is, its constituents, its history and evolution, and the desirable conditions for practising it—and presents a score card on corporate governance as practised in India. After reading this chapter, we will clearly understand this most important subject, the practice of which leads to ethical business.

CAPITALISM AT CROSSROADS

The beginning of the twenty-first century was marked by the emergence of corporate governance, as a solution to the collapse of several high-profile corporations, both in the USA and elsewhere. The business world was shocked beyond belief with both the scale and degree of illegal and unethical ...