Corporate ethics, Infiltration and Bauxite mining
Preliminary Examination: Current events of national and international importance. Main Examination: General Studies IV: Corporate Governance. What’s the ongoing story: When Atanu Chakraborty abruptly resigned on March 18 as chairman of HDFC Bank, the country’s largest private bank, citing “certain happenings and practices within the bank” that were not in “congruence” with his personal values and ethics, it didn’t ring many alarm bells across the banking establishment. Key Points to Ponder: • Who is Atanu Chakraborty? • What is corporate ethics? • What are the five codes of ethics? • There are generally certain business or Corporate ethics principles-What are they? • Why is corporate ethics Important? • Corporate governance and corporate ethics-Connect the dot • Is corporate governance the same as corporate ethics? • What is the role of corporate governance in maintaining financial-system stability? • Know the significance of internal control and vigilance systems in banking institutions. • What are the challenges associated with ensuring ethical governance in banking institutions? Key Takeaways: Story continues below this ad • The bank’s newly appointed interim chairman, Keki Mistry, was quick …
