Ethics and Governance Quiz

Corporate Governance

• Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled.
• It became a prominent agenda for Indian companies in the late 1990s and early 2000s.
• The basis of corporate governance is the principles of accountability, transparency, and fairness.
• Corporate governance is considered as a critical component of a company's overall performance and long-term success.
• It emphasizes ethical business conduct, integrity, and accountability of the management and the board of directors.

Corporate Social Responsibility (CSR)

• Corporate Social Responsibility (CSR) refers to the management concept of integrating social and environmental concerns into a company's operations.
• The primary focus of CSR is to create a positive impact on society and the environment.
• The concept of social responsibility began to emerge in the 19th century.
• The first engagement of businesses in philanthropy and charitable giving dates back to the Industrial Revolution.
• The idea of 'corporate citizenship' gained prominence in the 1950s and 1960s.
• CSR emphasizes the importance of building relationships with stakeholders, including employees, customers, suppliers, and the local community.

Test your knowledge of ethics and governance with this quiz covering topics such as business ethics, ethics in marketing, finance, HRM, corporate governance, and corporate social responsibility. See how much you know about the concepts taught by Prof. Gunjan D Sidhu in the syllabus for SEMESTER III.