a]What do you understand by ‘moral integrity’ and ‘professional efficiency in the context of corporate governance in India? Illustrate with suitable examples.

Introduction

Moral integrity refers to adherence to ethical principles, while professional efficiency ensures effective and competent execution of responsibilities. Both are essential for sound corporate governance in India.

Body

1.Moral Integrity in Corporate Governance

i.Transparent Decision-Making: Upholding honesty and avoiding conflicts of interest. Example: Tata Group's commitment to ethical business practices, ensuring trust among stakeholders.

ii.Accountability: Accepting responsibility for decisions and their consequences. Example: Infosys' whistleblower policy encourages ethical behaviour by holding executives accountable for malpractice.

iii.Respect for Stakeholders: Treating employees, investors, and society fairly. Example: ITC’s sustainable business practices that align profitability with societal welfare.