Corporate governance in India has often found to be inefficient, reactive and too powerless to prevent unethical practises. Comment in the light of recent events. – INSIGHTSIAS

Topic: corporate governance.

6. Corporate governance in India has often found to be inefficient, reactive and too powerless to prevent unethical practises. Comment in the light of recent events. (250 words)

Difficulty level: Tough

Reference: Indian Express

Why the question:

The question is part of the static syllabus of General studies paper – 4 and part of ‘Abstract Thursdays’ in Mission-2022 Secure.

Key Demand of the question:

To write shortcomings of corporate governance in India.

Comment– here we must express our knowledge and understanding of the issue and form an overall opinion thereupon.

Structure of the answer:

Introduction: 

Begin by defining corporate governance.

Body:

Write about the various limitations and shortcomings of corporate governance – frequent scams, lack of transparency, absences of accountability, corruption etc. Give recent examples like Yes bank, NSE scam.

Suggest steps to overcome the above.

Conclusion:

Conclude by writing a way forward.