Business Ethics and Corporate Governance, Second Edition

INTRODUCTION

Corporate governance as a means of achieving equitable prosperity for the people of all nations has nowadays come to the centrestage because of two reasons: First, after the collapse of the Soviet Union at the end of cold war in 1990, it has become the conventional wisdom all over the world that market dynamics must prevail in economic matters. The concept of government controlling the commanding heights of the economy has been given up as being unproductive. This, in turn, has made the market the most decisive factor in settling economic issues. Second, it has also coincided with the thrust given to globalization because of the establishment and administration of the World Trade Organisation and the member nations of the WTO trying ...