GS4 · 10 marks · 150 words
"The Companies Act, 2013, marked a paradigm shift in India's corporate regulatory landscape by institutionalizing ethical imperatives. While these reforms aimed to align business conduct with ethical governance, corporate scandals and symbolic compliance raise questions about their efficacy." Critically examine the extent to which the Companies Act, 2013, has been successful in transforming business ethics from a procedural obligation into a moral commitment. Support your analysis with relevant examples.
Answered by 1 topper · CSE 2025
Syllabus: Public/Civil service values and Ethics in Public administration: Status and problems; ethical concerns and dilemmas in government and private institutions; laws, rules, regulations and conscience as sources of ethical guidance; accountability and ethical governance; strengthening of ethical and moral values in governance; ethical issues in international relations and funding; corporate governance.
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