GS4 › Corporate Governance and International Ethics

Revision note: Corporate Governance and Business Ethics

  • Corporate governance: "directed and controlled" (Cadbury 1992); OECD principles 1999/2004/2015/2023
  • Theories: Friedman shareholder 1970; Freeman stakeholder 1984; agency; stewardship; trusteeship; triple bottom line (Elkington 1994)
  • India: CII 1998, KM Birla 1999 → Clause 49, Narayana Murthy 2003, Satyam 2009, Companies Act 2013, LODR 2015, Kotak 2017, NFRA 2018, BRSR 2022–23
  • CSR Sec 135: ₹500 cr NW / ₹1,000 cr turnover / ₹5 cr profit; 2%; Schedule VII; first mandatory CSR law
  • Issues: insider trading, fraud, cartels (CCI), greenwashing
Revision card summarising Corporate Governance and Business Ethics
One-page visual summary of the key points to revise.

Source: https://upscprep.in/upsc/gs4/corporate-governance-and-international-ethics/corporate-governance-and-business-ethics/ · UPSCPrep.in

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