What do you understand by ‘moral integrity’ and ‘professional efficiency in the context of corporate governance in India? Illustrate with suitable examples. (Answer in 150 words
In the context of corporate governance, both moral integrity and professional integrity play crucial roles in ensuring ethical conduct and responsible management within an organization. 1. Moral Integrity in Corporate Governance: - Definition: Moral integrity in corporate governance refers to the adherence to ethical principles and values by individuals within an organization, particularly those in leadership positions. - Example:Consider a CEO who, in the face of financial pressure, decides not to cut corners or engage in fraudulent accounting practices to boost short-term profits. Instead, the CEO chooses to uphold honesty and transparency, prioritizing the long-term health of the company and maintaining the trust of stakeholders. 2. Professional Integrity in Corporate Governance: - Definition: Professional integrity involves the consistent application of ethical standards and the fulfillment of professional responsibilities in the business...