Business Daily from THE HINDU group of publications
Monday, Jul 17, 2006
Business Daily from THE HINDU group of publications Monday, Jul 17, 2006 |
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Opinion
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Letters Corporate ethics
This is with reference to "Ethics and Governance — Next global frontier for India Inc" (Business Line, July 17): As the author put it, "Good ethics and governance are not just `moral' or `compliance' issues. In the highly competitive target-driven buyers' market, there is a tendency to compromise. `Volume creation' takes precedence over `value creation'. Ethical behaviour should be part of corporate culture. In this connection, the RBI's initiative to frame a code of ethics and standards for banks is laudable. Perhaps a similar initiative by industry bodies would be a step in the right direction. Only when we realise that the `means' is more important than the `end', will ethics have some value. Realising the importance of corporate ethics will alone ensure sustained and qualitative growth in any organisation.
L. Rangarajan Vadodara
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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