15 Questions
What does corporate governance refer to?
The set of system, principles, and processes by which a company is governed
When did corporate governance become a prominent agenda for Indian companies?
Early 1990s
What is the basis of corporate governance?
Principles such as integrity, fairness, transparency, compliance, and accountability
What is corporate governance considered as?
A mechanism, not a law
What does corporate governance emphasize on with regard to business conduct?
Integrity and fairness
What does corporate governance refer to?
The set of system, principles and processes by which a company is governed
When did corporate governance become an agenda for Indian companies?
Early 1990s
What are the principles on which corporate governance is based?
Conducting the business with all integrity & fairness, Being transparent with regard to all the transactions, making all necessary disclosures, Complying with applicable Law, Accountability & responsibility towards the stakeholder
What is corporate governance according to the text?
A mechanism for governing a company
What does corporate governance emphasize in relation to stakeholders?
Accountability & responsibility
When did the concept of social responsibility begin to emerge?
1950s and 1960s
What is the primary focus of Corporate Social Responsibility (CSR)?
Integrating social and environmental concerns in business operations
What historical period saw the first engagement of businesses in philanthropy and charitable giving?
Early 20th century
When did the idea of 'corporate citizenship' gain prominence?
1970s and 1980s
What is the management concept of Corporate Social Responsibility (CSR)?
Integrating social and environmental concerns in business operations and interactions with stakeholders
Study Notes
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.
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