Roadmap for Answer Writing 1. Understanding the Statement Explanation: Define what is meant by “doing a good thing” and the implications of acting within the law. Key Point: Clarify that legality does not equate to ethicality. 2. Examples in the Context of Public Servants A. ...
Model Answer Introduction Warren Buffett’s statement emphasizes the critical importance of integrity in individuals, especially in a professional context. In today’s complex and interconnected world, where businesses face increasing scrutiny, integrity has become more crucial than ever before. BodyRead more
Model Answer
Introduction
Warren Buffett’s statement emphasizes the critical importance of integrity in individuals, especially in a professional context. In today’s complex and interconnected world, where businesses face increasing scrutiny, integrity has become more crucial than ever before.
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Integrity is Fundamental
Integrity encompasses honesty, ethical behavior, and adherence to moral principles, forming the basis of trust and credibility in personal and professional relationships. According to a 2021 survey by the Edelman Trust Barometer, 86% of respondents believe that business leaders should be held responsible for their actions, highlighting the need for integrity in leadership.
Example of Corporate Scandals
Recent high-profile corporate scandals, such as the Satyam scandal in India, exemplify the devastating consequences of lacking integrity. This scandal, which involved financial fraud amounting to $1.5 billion, resulted in significant financial losses and a loss of public trust in corporate governance.
Importance of Ethical Leadership
Hiring individuals with integrity is essential for fostering a culture of ethical leadership within organizations. The appointment of N. Chandrasekaran as Chairman of Tata Sons after an internal governance crisis illustrates the importance of selecting leaders with a strong reputation for integrity.
Trustworthiness and Accountability
Individuals with integrity are more likely to act responsibly and prioritize stakeholder interests. The Reserve Bank of India (RBI) emphasizes integrity in the appointment of bank directors, as demonstrated in their guidelines for governance.
Impact on Organizational Culture
Integrity in hiring fosters an ethical and transparent organizational culture. The Aditya Birla Group’s Values Charter highlights integrity as one of its core values, showcasing its commitment to ethical business practices.
Rebuilding Public Trust
Companies prioritizing integrity contribute to restoring public trust, especially following corporate scandals. The establishment of the Securities and Exchange Board of India (SEBI) aims to maintain the integrity and transparency of the Indian securities market.
Conclusion
In conclusion, individuals, particularly those in authority, must uphold the highest standards of integrity and ethical behavior. This commitment is essential for achieving success responsibly and sustainably in today’s challenging business environment.
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Model Answer Introduction The statement suggests that when public servants engage in actions deemed beneficial, they may take liberties as long as such actions are not explicitly prohibited by law. However, this raises critical questions about the definition of a "good thing" and the ethical implicaRead more
Model Answer
Introduction
The statement suggests that when public servants engage in actions deemed beneficial, they may take liberties as long as such actions are not explicitly prohibited by law. However, this raises critical questions about the definition of a “good thing” and the ethical implications of actions that may not be legally restricted.
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Upholding the Law
Public servants are entrusted with the responsibility of enforcing laws fairly and ethically. They cannot justify unethical behavior by claiming to pursue good outcomes.
Example: The extrajudicial killing of Sohrabuddin Sheikh involved police officers who acted unlawfully under the guise of maintaining public order. Their actions, justified as serving the greater good, resulted in severe legal and ethical repercussions.
Corruption and Bribery
Public servants must act in the public’s interest, free from corruption. Acceptance of bribes is never justified, regardless of the claimed intentions behind the actions.
Example: In 2012, IRS officer Ashok Kumar Singh was arrested for accepting a bribe of ₹2 lakh to manipulate a tax assessment. His actions, aimed to benefit certain individuals, ultimately undermined public trust.
Misuse of Power
Power should be exercised within legal boundaries. Misusing authority for personal gain, even if perceived as beneficial, erodes public trust.
Example: The Adarsh Housing Society scam involved politicians and bureaucrats who exploited their positions to secure apartments meant for war veterans, undermining ethical governance.
Conflict of Interest
Public servants should avoid personal interests conflicting with their duties.
Example: Former Minister Shashi Tharoor faced scrutiny for alleged conflicts of interest during the IPL controversy, where his involvement in a bidding company raised ethical concerns while he served in a governmental role.
Conclusion
These examples illustrate that public servants must prioritize integrity, transparency, and accountability over perceived good intentions. Upholding ethical standards and the law is essential for fostering trust and promoting good governance in society.
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