GS4 · 10 marks · 150 words

What do you understand by good governance in public administration and corporations? How do they differ? Identify and explain three principles that can act as a foundation for good governance in a corporate setting.

Answered by 7 toppers · CSE 2024–2025

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.

How toppers approached it

From all 7 answers · about 160 words · 71% drew a diagram.

Opening

  • A definition71%
  • No separate opening29%

Body

  • Points and prose71%
  • Points29%

Close

  • A quotation43%
  • A way forward43%
  • A summary14%

The toppers’ answers

Raghav JhunjhunwalaAIR 4 · CSE 2025 · 173 wordsTheir whole copy

Opening · a definition

Good Governance refers to delivery of public services in the best possible manner, whereby standing the scrutiny of tenets like Transperency, Accountability, etc.

Public AdministrationCorporate setting
1) maximizing the value for taxpayer money (for social good)1) maximizing value for shareholders (& not ignoring other stakeholders)
2) Focussing upon last mile service delivery2) Focus upon Innovation, new modes, etc.
3) Focus is to improve service without much (welfare) cost consideration3) Profitability is key concern.

Body · points and prose

Good Governance refers to delivery of public services in the best possible manner, whereby standing the scrutiny of tenets like Transperency, Accountability, etc.

Diagram
+------------------+ | Good Governance | +------------------+
Public AdministrationCorporate setting
1) maximizing the value for taxpayer money (for social good)1) maximizing value for shareholders (& not ignoring other stakeholders)
2) Focussing upon last mile service delivery2) Focus upon Innovation, new modes, etc.
3) Focus is to improve service without much (welfare) cost consideration3) Profitability is key concern.

Common values : Accountability, Objectivity, Integrity, etc.

Key Principles for Good corp. Gov.

(1) sustainability Ex: Tesla : E-mobility, Green Future

vs. Zara : clothing accessory brand (came in news for running sweatshops @China)

(2) Employee Growth Ex: Google : Innovation is encouraged via Sleep pods; free food Friday events to Innovate etc.

(3) Serving larger Public Issues Ex: TATA CSR -> MANSI Reducing MMR, IMR, etc.

Diagram
Govt. ^ | Society <- Stakeholders -> Employees | ^ | | | v mgmt | customers v Rivals

Thus, the Gandhian ideal of Stewardship should be the guiding principle ahead

Close · a way forward

Ex: TATA CSR -> MANSI Reducing MMR, IMR, etc. Thus, the Gandhian ideal of Stewardship should be the guiding principle ahead

More on Corporate Governance

Ethics in the private sector: boards and disclosure, corporate social responsibility, regulatory capture, business and society.

All GS4 questions on Corporate Governance