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Business Ethics and Corporate Governance
With the growing strength of consumer
movements and rising levels of awareness among stakeholders, corporations
are realizing that stakeholders and consumers are no longer indifferent to
unethical practices like financial irregularities, tax-evasion, poor quality
products and services, kick-backs, non-compliance with environmental issues,
and hazardous working conditions.
Many Indian companies too have recognized
the importance of integrity, transparency, and open communications. They
believe that the goodwill resulting from adopting and successfully
implementing a code of business ethics will, in the long run, translate into
economic gains.
Today, investors want to ensure that the companies they invest in are not
only managed properly, but also have proper corporate governance. They
regard corporate governance as a control mechanism that ensures the optimum
use of the human, physical and financial resources of an enterprise.
Companies have now begun to integrate ethics into their
corporate cultures and concentrate on putting appropriate corporate governance
mechanisms in place.
Business Ethics and Corporate Governance discusses the theories of ethics
and corporate governance, and explains how they can be applied in various
business situations. The book also provides some contemporary case studies to
enable the students and managers to gain a deeper appreciation of the role of
ethics and corporate governance in building successful businesses.
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