GS4 · 10 marks · 150 words

Discuss how effective corporate governance can ensure the equitable treatment of all stakeholders.

Answered by 13 toppers · CSE 2019–2022

Corporate GovernanceAccountability and Ethical GovernanceTransparency and Information

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.

How toppers approached it

From 11 of the 13 answers · about 150 words · 64% drew a diagram.

Opening

  • A definition82%
  • No separate opening18%

Body

  • Points64%
  • Points and prose36%

Close

  • A summary45%
  • A way forward36%
  • No separate close18%

The toppers’ answers

Shubham KumarAIR 1 · CSE 2020 · 92 wordsTheir whole copy

Opening · a definition

Corporate governance related to the governance of corporate, their way of working, work environment etc. Effective corporate Governance :-

Body · points

| Equity holders | Stakeholders-----Workers/ / \ Employees Gout Society/ (Market)

Effective corporate Governance :-

  1. Require addressing the problems of all stakeholders.
  2. Upholding rule of law

Equal treatment

  1. Corporate Governance will allow company to treat every individual with respect.
  2. Problem of harassment at workplace can be reduced.
  3. Cases of violations of laws etc can be minimised.
  4. Robust grievance redressal mechanisms will be at place.

Close · a summary

Thus Corporate governance can be panacea for all the current problems being faced by corporats in their governance.

More on Corporate Governance

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