Chapter Twelve

Role of Various Agencies in Ensuring Ethics in Corporations

INTRODUCTION

If corporations have to function ethically and serve not only their stockholders, but also cater to the needs of all stakeholders, there has to be both an internal system and an external framework kept in place to ensure these ideals. There are several companies that work ethically because their top brass, starting with the boards to directors and CEOs want them to be so. They know that running an organization ethically and as per the norms of corporate governance, will cost them money which cannot be retrieved in a short period. Investments on ethical practices bear fruit, but slowly, though surely. They have a long gestation period. Ultimately, such investments ...

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