Uma Haritha NAIR 3 · CSE 2022 · 151 wordsTheir whole copy
Opening · a constitutional or legal provision
The 2nd ARC commission recommends integrity pacts to improve ethical standards in private sectors role in governance.
Integrity pact ↓ Promise to follow highest standards.
Body · points and prose
- Transparency, accountability,
- ensure high quality etc.
→ signed between by the private party, in case of public projects and PPP project.
Role of integrity pacts
Transparency → clearly lays down what is expected and what is not. → remove ambiguity between percieved and intended outcome. → public is made aware of terms of contract clearly.
Proper utilization of funds → The private party can
Close · a way forward
be held accountable for misuse of funds and violation of the pact
There is the role of private sector is increasing in governance. It is important to ensure that their value of profit motive doesn't overshadow ethical and legal considerations. Effective implementation of integrity pacts is key to ensuring private sector makes profit legally and ethically.