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· Transparency: Timely and accurate disclosure of information (e.g., Wipro in annual report).
· Power Distribution: Avoid concentration of power in few hands (e.g., Kingfisher airlines).
· Independent Directors: Ensures unbiased decision-making (e.g., IL&FS case).
· Curbing Insider Trading: Prevents misuse of confidential information (e.g. SEBI action against Future Group).
· Financial Accuracy: Prevents accounting fraud (e.g., Infosys appointing independent auditor).
· Fairness: Acting ethically even in difficult situations (e.g. companies retaining employees during COVID).
· Corporate Social Responsibility: Genuine CSR initiatives (e.g., ITC’s livelihood generation programs).
· Code of Conduct: Clearly defined and communicated guidelines (e.g., Wipro’s whistle-blowing policy).
Professional Efficiency
· Strategic Leadership: Adapting strategies to changing needs (e.g., Infosys’s global positioning).
· Timely Decisions: Efficient decision-making processes (e.g., Vodafone-Idea merger).
· Meritocracy: Appointing based on skills and qualifications (e.g., TATA group).
· Objective Evaluation: Fair and impartial judgment (e.g., ICICI Bank’s risk management).
· Clear Regulations: Well-defined roles for regulatory bodies (e.g., avoiding confusion like in Saradha scam).
· Resource Management: Effective utilization of resources (e.g., for achieving goals).
· Stakeholder Engagement: Active communication with stakeholders (e.g., SBI during financial crisis).
Innovation: Implementing solutions for growth (e.g., Nandan Nilekani’s UIDAI project).
Related answer 1:- Data protection frameworks and sectorial regulatory frameworks and promotion of adoption of international standards.
Related answer 2:- banning alcohol in India faces cultural ,economic and enforcement challenges ,impacting livelihoods , tourism and historical practices , necessitating nuanced regulation instead.
Related answer 3:- Ethical concerns in human genetic engineering include consent, equality, safety, unintended consequences, and implications for future generations’ rights and autonomy.
Related answer 4:-Humanity embodies a complex tapestry of cultures, beliefs, and behaviors. It reflects our collective capacity for empathy, creativity, and resilience amidst challenges. Our shared experiences and values shape our progress, highlighting both our potential for greatness and our flaws.
Related answer 5:- Human values encompass principles such as empathy, compassion, integrity, and justice, guiding behavior and interactions. They foster respect for diversity, promote fairness, and uphold dignity. These values underpin ethical decision-making and shape societal norms, reflecting our shared aspirations and moral compass.
Main answer of the question :- Moral integrity in Indian corporate governance involves ethical conduct, transparency, and accountability. Professional efficiency entails competence and diligence in fulfilling responsibilities. For example, Tata Group’s adherence to ethical practices and Infosys’ focus on transparency showcase how these principles enhance corporate reputation and sustainability.