Business Ethics and Corporate Governance, Second Edition

CORPORATE GOVERNANCE CAN BE AN END BY ITSELF

The issue of corporate governance has its own dynamism and justification. This will be obvious from the fact that, thanks to globalization there are many multinational companies that have their own internal sense of values. In India, there are excellent business leaders like Narayana Murthy of Infosys and Azim Premji of Wipro who have built world-class enterprises. Both these business leaders are also placing a very high value on the principles of business ethics. What Narayana Murthy said in a talk to the students at Wharton School of Business is worth recalling: ‘The Infosys value system can be captured in one line—the softest pillow is a clear conscience. A company’s value system is the guiding ...