GS4 · 10 marks · 150 words

Analyze the significance of appointing ethics officers in the light of strengthening corporate governance in India.

Answered by 3 toppers · CSE 2021

Corporate GovernanceAccountability and Ethical GovernanceCodes of Ethics and ConductIntegrity

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 all 3 answers · about 130 words · 33% drew a diagram.

Opening

  • A definition3 of 3

Body

  • Points2 of 3
  • Points and prose1 of 3

Close

  • A way forward2 of 3
  • No separate close1 of 3

The toppers’ answers

Aishwarya VermaAIR 4 · CSE 2021 · 114 wordsTheir whole copy

Opening · a definition

Corporate governance refers to the ways in which the matters of a company are managed by its board.

Body · points and prose

__Significance of appointing ethics officers in board :-

(1) Business ethics : To ensure that company is following the business ethics important for various Stakeholders

Diagram
Stakeholders ├── Employers │ ├── No discrimination b/w men & women │ └── adequate wage └── Consumers ├── product is fit & safe └── information dissemination

(2) Environmental ethics: The environment component in policy making is adequately addressed

Eg) Company is not polluting.

(3) System loopholes are not exploited

[eg] Harshad mehta scam exploited the loopholes.

(4) Transparency to the stakeholder is ensured to build trust

(5) Social responsibility of the corporates is ensured.

Close

Although it may seem that ethics officer compliance may cause inefficiency However it will be beneficial in the long run to maintain sustainability

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