BBA 1st Year Business Ethics Relationship Between Ethics & Corporate Excellence Short Question Answer : Corporate Mission Statement, code of Ethics, Organisational Culture, TQM Important Short Questions With Answer in English.
BBA 1st Year Business Ethics Relationship Between Ethics & Corporate Excellence Short Question Answer | Index
BBA 1st Year Business Ethics Very Short Question Answer | Page 1
BBA 1st Year Business Ethics Question Answer | Page 2
BBA 1st Year Business Ethics Short Question Answer | Page 3
BBA 1st Year Business Ethics Short Question | Page 4
BBA 1st Year Business Ethics Short Question With Answers | Page 5
BBA 1st Year Business Ethics Short Questions Answers | Page 6
BBA 1st Year Short Questions Answers | Page 7
BBA 1st Year Short Questions Answers Paper | Page 8
BBA 1st Year Short Questions Answers Sample Paper | Page 9
BBA 1st Year Short Questions Answers Sample Model Paper | Page 10
BBA 1st Year Short Questions Answers Sample Model Papers | Page 11
BBA 1st Year Short Questions Model Paper | Page 12
BBA 1st Year Short Questions Model Paper With Answers | Page 13
Section – B (Short Answer Questions) (BBA Notes)
Q.1. What are
the needs and significances of corporate governance code?
Ans. Good corporate governance has assumed great importance and gravity in India due to the following reasons:
Ownership Structure : The profile of
corporate ownership has changed significantly. Public financial institutions
are the single largest shareholder in most of the large corporations in the
private sector. Institutional shareholders have reversed the trend of scattered
(2) Social Responsibility: A company is a legal entity without physical existence. Therefore, it is managed by the board of directors which is accountable and responsible to the shareholders who provide the funds.
(3) Scams: In recent years several corporate frauds have shaken the public confidence and trust in the corporate houses. Harshad Mehta Scandal, CRB Capital Care and other frauds have caused tremendous loss to the small investors. More than 60% of the listed companies are not operating. A large number of companies have been transferred to Z group by the Bombay Stock Exchange.
(4) Corporate Oligarchy: Shareholder’s activism and shareholder’s democracy continue to remain myth in India. Postal ballot system is still absent. Proxies are not allowed to speak at the annual general meetings of the company.
(5) Globalization : As the Indian companies approached the overseas markets for capital, corporate governance became a buzzword. Sinking capital markets in India from 1994 through 1998 and the desire of more and more companies in India to get listed on international stock exchanges also prompted them to pay attention to corporate governance to improve their corporate image in the eyes of foreign institutional investors.
Q.2. What do you understand by code of good corporate practice?
Ans. The desirability of bringing out a voluntary code of good corporate practice was identified and recognized by the Institute of Company Secretaries of India (ICSI), as its theme in the year 1997. In advocating such a code in the best interest of corporates themselves, the lCSl president has conceded that it was a complicated task as many corporates in India were family managed and only some were professionally managed. There may be no scope for imposition of such a code, but the need to evolve such a code by the corporates themselves nonetheless, appears to be both relevant and important. Thus, a code of good corporate practice becomes relevant along with efforts for meaningful disclosure of information to shareholders. The specifics of the proposed code, he had suggested, might include inter alia, induction of more professionals as independent directors on the board of companies, proactive role for nominee and non-executive directors through audit and legal compliance committees, regular flow of information to the board about the overall operational activities of the company, filing of legal compliance certificates at every board meeting by the chief executive and the company secretary and meaningful disclosure of information to shareholders in the annual report on a voluntary basis etc. He had also suggested that in order to strengthen the interactive role of board of directors and shareholders, Section 292 of the Company Act, which prescribes certain powers to be executed by the board only at a meeting of the board and the restrictions placed on powers of the board by requiring shareholders approval in respect of matters mentioned in Section 293 of the Act, be enlarged.
Q.3. What is the relationship between business ethics and corporate excellence?
Or Discuss the relationship between ethics and corporate excellence. (2013)