Business Ethics and Corporate Governance, Second Edition

ROLE OF GLOBALizATION AND INFORMATION TECHNOLOGY

The increasing globalization and removal of trade barriers, thanks to institutions such as the WTO, is also adding one more dimension to better corporate governance through introduction of uniform standards. For instance, India has been examining the issue of adopting GAAP—Globally Accepted Accounting Practices. Perhaps acceptance of such standards will bring in, in due course of time, a uniform set of practices for corporate governance. The thrust for greater uniform standards has got a boost thanks to the increasing use of information technology. The Internet and the increasing use of information technology are opening new horizons for business. Simultaneously, the potential for cyber crimes ...