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Gandhian Values: Sustainability and Corporate Governance

Event Details

Gandhian Values: Sustainability and Corporate Governance

Time: October 7, 2011 at 4pm to October 9, 2011 at 7pm
Location: Hotel Atria
Street: Palace Road
City/Town: Bengaluru, Karnataka, India
Website or Map: http://www.ibmtedu.org/GVCG/I…
Phone: +91-80-26791740
Event Type: conference, workshop
Organized By: Convener, Institute of Business Management and Technology
Latest Activity: Oct 7, 2011

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Event Description

Institute of Business Management and Technology,
In association with
Karnataka Gandhi Smaraka Nidhi &
Gandhi Peace Foundation

organizes this International Conference and Workshop on Gandhian values: Sustainability and Corporate Governance

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Comment by Balamurali Balaji on August 24, 2011 at 6:43

Corporate governance broadly refers to the rules, processes, or laws by which
businesses are operated, regulated, and controlled. It is believed that well-defined and enforced corporate governance provides a structure that, at least in theory, works for the benefit of everyone concerned by ensuring that the enterprise adheres to accepted ethical standards and best practices as well as to formal laws.


In recent years, corporate governance has received increased attention because of highprofile
scandals involving abuse of corporate power and, in some cases, alleged criminal activity by corporate officers. An integral part of an effective corporate governance regime includes provisions for civil or criminal prosecution of individuals who conduct unethical or illegal acts in the name of the enterprise.

 

Gandhi advocated co-operative movement as a means to achieve economic well being of common man and a sure method of pursuing sustainability. While most corporate have set of rules and procedures in place yet these have not deterred the individuals from indulging in acts that go far beyond the framework of rules, and ethical values. It is in this context that the human values become relevant. The moral values which Gandhi practically illustrated in his daily life are persistently advanced as profound and credible answers to the ever-intensifying crisis that confronts the corporate activity. The Gandhian vision is a means to rejuvenate the entire nation and all other sectors of activity. Therefore now, much neglected Gandhian economic thought and praxis demand an exhaustive re-examination in the context of corporate governance.

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