Nobody downloaded yet

Corporate Standards in India - Essay Example

Comments (0) Cite this document
Corporate standards in India Name: Instructor: Task: Date: Indian has been embroiled in several corporate scandals leading to lose of billions and jobs because of company collapse. Senior managers in the firms or investors have perpetrated these corporate scandals either during their off shoring of funds to the global market or during internal transactions…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.8% of users find it useful
Corporate Standards in India
Read TextPreview

Extract of sample "Corporate Standards in India"

Download file to see previous pages Alternatively, it has an aesthetic sense of restoring the damaged integrity of the nation of India. On that note, the paper has expounded on several practical mechanisms such as the search for universal standards, instill corporate standards and implementing convergence of standards in the Indian companies among others. For the last five years, several corporate scandals have rocked India hence leading to the damage of its integrity. From Barclays issuing false numbers in the financial market of London to bribes-for-loans scandal, India has been wading in corporate graft (Bilal 2008, p.56). On that note, there are several ways to improve the corporate standards to save the image of India. This is to avoid financial losses and loss of jobs and resources. Therefore, the first method of upholding the corporate standard is to search for universal standards. It is imperative to observe that the mechanisms of corporate governance fluctuate from country to country. On that aspect, it is fundamental to note that political, economical and social perspectives define corporate governance (Buthwar 2011, p.78). This means the corporate practice of Indian companies should echo its set national ethos and value systems. For instance, in the Barclays scandal, its leadership should step down and investigated to reveal the motive of their virtues. Additionally, the form of corporate governance should be inculcated among managers and customers in order to understand the limits of conducting business transactions. This has a positive implication of reducing cases of corporate graft as observed in the recent years in India. Another crucial matter involves assimilation corporate philosophy among various organizations to avoid scandals such Forex derivates scam and Andhra Pradesh land that saw the companies lose $5.79 billion and $18.1 billion respectively. Alternatively, it is critical for major shareholders in such organizations to call for higher stakes in the contribution of the company. This suggests that despite the management of the company having a special status, shareholders should work in cooperation with the managers to avert cases of corporate scandals. Furthermore, it should be upon the corporate heads to increase globalization of encouraging competitive business that does not condone corruption. This is why the Organization for Economic Co-operation and Development (OECD) was established to work as a benchmark for monitoring Indian corporations. Another better method to instill corporate standards is to implement convergence of standards in the Indian companies. This entails shaping their corporate according the global market orientation such as in the US and UK in order to limit cases of fraud. For example, the telecoms scandal that made India lose up to $ 462 billion could have been avoided if better convergence standards were in place. In other words, the companies that acquired illegal licenses without proper qualification could not have resulted to such financial damage. Alternatively, the concerned corporations could have properly mitigated other scandals such as the Barclays and Mumbai Sales Tax fraud. Again, this method of standardization has the benefit of integrating financial markets and foreign investor requirements. This is known to encourage higher standards and practices of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Corporate Standards in India Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Corporate Standards in India Essay Example | Topics and Well Written Essays - 1250 words. Retrieved from
(Corporate Standards in India Essay Example | Topics and Well Written Essays - 1250 Words)
Corporate Standards in India Essay Example | Topics and Well Written Essays - 1250 Words.
“Corporate Standards in India Essay Example | Topics and Well Written Essays - 1250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Corporate Standards in India


...Business and Leisure Communication in India There is no doubt that today’s world is rapidly becoming vast as the business and social environment expands to include numerous geographic locations, as well as span numerous cultures. This has implications on how people and businesses from diverse cultures communicate and interact (Storti 9). Considering that people come from different linguistic and cultural backgrounds, it can become difficult for individuals to understand how to communicate effectively with other individuals from different cultural and linguistic backgrounds. The modern and internet technology have opened up new marketplaces that allow us to conduct and promote businesses to new cultures and geographic...
3 Pages(750 words)Essay


...cleared 20 proposals of foreign direct investment (FDI) worth Rs.916 crore, thus increasing FDI flow. ”(Wire Bureau, 2013). India continues to be an attractive destination for business with large human resource base, favorable demographic profile and diversified natural resources. QFI’s (Qualified Major Investors) were recently allowed by the government of India, to directly invest in the equity markets and corporate bonds. Technological advancement, highest GDP, Employment opportunities, export promotion and improved standard of living can be taken as indicators and aspects for flourishing international business. Unlike other countries, India faces less...
7 Pages(1750 words)Assignment


...their spouses and make all important decisions in the family. (Gupte) Education India being a developing nation lacks educational infrastructure. More than half of the population lives below poverty line and have no access to education. However India is making a lot of efforts to increase primary education. It is also famous for producing outstanding professionals in IT field. Numerous IT institutes are providing world class education. Moreover the India has its own education boards but a lot of schools follow international standards like British O and A level system. The attitude of Indians towards learning is that they focus on memorizing stuff. Their...
9 Pages(2250 words)Essay


...The term culture refers to a of intellectual development or manners. The social and political forces that influence the growth of a human beingare defined as culture. It refers to the collective historical patterns, values, societal arrangements, manners, ideas, and ways of living that people have used to order their society. It is comprised of all those things we learn as part of growing up including language, religion, beliefs about economic and social relations, political organization and legitimacy, and the thousands of "Do's and Don'ts" society deems important that we know to become a functioning member of that group. With nearly 1 billion citizens, India is the second most populous nation in the world. It is...
5 Pages(1250 words)Essay


... Instrurtor: Dharma: Buddhist and Hindu Perspective. The Sanskrit word ‘Dharma,’ signifies the upholding, or support, of the established law. In the context of Buddhism, dharma refers to the teachings of Buddha, and is termed ‘the Law of Righteousness’ (Andrea and Overfield, 70). Buddha’s teachings emphasize the adoption of the ‘Middle Path,’ avoiding both extremes of pleasure and mortification. This Middle Path, of ‘The Holy Eightfold Path,’ consists of Right Belief, Right Aspiration, Right Speech, Right Conduct, Right Means of Livelihood, Right Endeavor, Right Memory, and Right Meditation. (Andrea and Overfield, 71). The rock edicts of Ashoka reflect the emperor’s strong adherence to the fundamental teachings of Buddhism. He... Instrurtor: ...
2 Pages(500 words)Essay


...stands at $3,800 this puts the country’s per Capita GDP at 168th globally. C. Inflation The problem of inflation has proven to be a rather stubborn problem for the country’s economy. India has consistently been attempting to try and keep its rate of inflation at low levels. In November 2013, the inflation was able to reach 11.34%, this is the highest rate of inflation that the country has experienced for years. This development is greatly hurting the already low living standards o the country’s poor who happen to be particularly vulnerable to food prices. Investor confidence in the country is also facing some degree of harm from the high inflation. The Reserve Bank of India (RBI) has...
7 Pages(1750 words)Admission/Application Essay


... Instruction: Task: India. History plays a major role in guiding the direction that a society takes. Through historical evaluations and analyses, we are able to have a sense of where the society is coming from, and this gives a good perspective of where it is headed. There are various inferences that can be drawn from ancient civilisations, and this is important since the contemporary society can learn from the way that ancient civilisations were managed, and consequently modify and implement these gains for the benefit of all. To this end, India has a rich history that holds various lessons for the different facets of the present world. From the Indus Valley civilisation, the Mughal Empire, arrival of the British in India... location. The...
5 Pages(1250 words)Essay


...Lecturer Essay# INDIA: HISTORY, GOVERNMENT AND LANGUAGES The history of India started with the Indus civilization. It started with the transformation of nomads into agriculturists who settled in Baluchistan, Northwest of India. The settlement of the Nomads led to the growth of villages and towns. Climate change coupled with other factors made the Indus civilization disintegrate (Kulke & Rothemund, 28). The Indus civilization was followed by the Indo Aryans who were Semi-nomadic. The indo Aryans gave way to the Vedic Aryans. The Vedic people employed the use of chariots during wars which made it easier for them to defeat enemies. Despite their superiority in the war field, other...
3 Pages(750 words)Essay

Corporate debt in India

...Corporate debt in India From this article it can be learnt that, due to the reducing in the inflation level in India the government through the ministry of finance and the reserved Bank of India, have decided to maintain the banks interest rates at 8%. Also, the Indian government is looking for a way of dealing with the deficit in the country for the coming years. Despite the effort that the India has put in containing its economic standard still, it faces some implications that lead to drop of the economy level. It is seen in the weak credit growth and poor investment. The projection of debt causes all this. According to a recent...
1 Pages(250 words)Assignment

India the River Ganges during the Komhala festival every year. The westerner could probably never understand the Indians way of life. How a man could renounce every material thing to pursue a spiritual life is still a puzzle to the British. The answer is the two worlds define civilization differently. The Western culture embraces individualism, materialism, rationality, and masculinity. On the contrary, India bases their civilization on renunciation, the female, and the inner life. It is unfair to judge other people’s culture, customs, and civilization by comparing it to our own. Works Cited History King. “Legacy - The Origins of Civilization - Episode 2: India, the Empire of Spirit (Documentary).” YouTube...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Corporate Standards in India for FREE!

Contact Us