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In this age of Globalisation, where economic motives precede over all virtues and traditions, protection of larger public interest from great corporate scandals has become matter of great importance. The valiant attempt in this regard was made by the Confederation of Indian Industries by coming up with the voluntary set of guidelines on Corporate Governance, subsequently adopted by SEBI through its Listing Agreement. The Whistle-blower policy in this regard has been recognized as one of the basic features of Corporate Governance Norms by most of the nations across the world.However due to the lobbying of the Indian Corporations, the Whistle-blower policy, despite being a mandatory recommendation in the Murthy Committee Report, was diluted and made non mandatory provision under the Clause 49.The passage deals with legal implications of this dilution and identifies the origin and legislative development of the policy and its need in the present corporate world. The present times need standards of corporate governance more than ever for despite the dominance of organizational actors in contemporary social life, law is desperately short of doctrines, institutions, and regulatory techniques that adequately control corporate entities. It has now become imperative to design and implement a dynamic mechanism of corporate governance, which protects the interests of relevant stakeholders without hindering the growth of enterprises because the corporate veil frequently deflects the penetration of legal values into and, indeed, the imposition of legal sanctions upon the corporate entity. Adversarial-trained lawyers often facilitate avoidance and evasion of corporate liability through ‘creative compliance’ with legal requirements. A commonly proffered solution to the problem of ensuring that legal values permeate the internal workings of the corporation is to require large institutions to regulate themselves in a way that is responsive to social concerns. On the other hand, it has not been an argument against corporate governance that not all well governed companies do well in the marketplace nor do the badly governed ones always sink. Counter to that is the fact that modern day corporations raise capital through investment by stakeholders whose interests are to be protected by the company management. Corporate governance is thus ‘concerned with ways of bringing the interests of investors and manager into line and ensuring that firms are run for the benefit of investors.Q.Which of the following options best summarizes the stance/position taken by the author in the passage?a)Corporate Governance is important with further enhancement in modern day technology and management principles.b)Stringency in norms to govern corporations will have to be placed to guard all the relevant stakeholders.c)Since capital raised from various stakeholders, their interests are of highest importanced)Social Concerns are the main way and most effective way to instill ethics in corporate governance.Correct answer is option 'B'. Can you explain this answer? for CLAT 2024 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about In this age of Globalisation, where economic motives precede over all virtues and traditions, protection of larger public interest from great corporate scandals has become matter of great importance. The valiant attempt in this regard was made by the Confederation of Indian Industries by coming up with the voluntary set of guidelines on Corporate Governance, subsequently adopted by SEBI through its Listing Agreement. The Whistle-blower policy in this regard has been recognized as one of the basic features of Corporate Governance Norms by most of the nations across the world.However due to the lobbying of the Indian Corporations, the Whistle-blower policy, despite being a mandatory recommendation in the Murthy Committee Report, was diluted and made non mandatory provision under the Clause 49.The passage deals with legal implications of this dilution and identifies the origin and legislative development of the policy and its need in the present corporate world. The present times need standards of corporate governance more than ever for despite the dominance of organizational actors in contemporary social life, law is desperately short of doctrines, institutions, and regulatory techniques that adequately control corporate entities. It has now become imperative to design and implement a dynamic mechanism of corporate governance, which protects the interests of relevant stakeholders without hindering the growth of enterprises because the corporate veil frequently deflects the penetration of legal values into and, indeed, the imposition of legal sanctions upon the corporate entity. Adversarial-trained lawyers often facilitate avoidance and evasion of corporate liability through ‘creative compliance’ with legal requirements. A commonly proffered solution to the problem of ensuring that legal values permeate the internal workings of the corporation is to require large institutions to regulate themselves in a way that is responsive to social concerns. On the other hand, it has not been an argument against corporate governance that not all well governed companies do well in the marketplace nor do the badly governed ones always sink. Counter to that is the fact that modern day corporations raise capital through investment by stakeholders whose interests are to be protected by the company management. Corporate governance is thus ‘concerned with ways of bringing the interests of investors and manager into line and ensuring that firms are run for the benefit of investors.Q.Which of the following options best summarizes the stance/position taken by the author in the passage?a)Corporate Governance is important with further enhancement in modern day technology and management principles.b)Stringency in norms to govern corporations will have to be placed to guard all the relevant stakeholders.c)Since capital raised from various stakeholders, their interests are of highest importanced)Social Concerns are the main way and most effective way to instill ethics in corporate governance.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CLAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In this age of Globalisation, where economic motives precede over all virtues and traditions, protection of larger public interest from great corporate scandals has become matter of great importance. The valiant attempt in this regard was made by the Confederation of Indian Industries by coming up with the voluntary set of guidelines on Corporate Governance, subsequently adopted by SEBI through its Listing Agreement. The Whistle-blower policy in this regard has been recognized as one of the basic features of Corporate Governance Norms by most of the nations across the world.However due to the lobbying of the Indian Corporations, the Whistle-blower policy, despite being a mandatory recommendation in the Murthy Committee Report, was diluted and made non mandatory provision under the Clause 49.The passage deals with legal implications of this dilution and identifies the origin and legislative development of the policy and its need in the present corporate world. The present times need standards of corporate governance more than ever for despite the dominance of organizational actors in contemporary social life, law is desperately short of doctrines, institutions, and regulatory techniques that adequately control corporate entities. It has now become imperative to design and implement a dynamic mechanism of corporate governance, which protects the interests of relevant stakeholders without hindering the growth of enterprises because the corporate veil frequently deflects the penetration of legal values into and, indeed, the imposition of legal sanctions upon the corporate entity. Adversarial-trained lawyers often facilitate avoidance and evasion of corporate liability through ‘creative compliance’ with legal requirements. A commonly proffered solution to the problem of ensuring that legal values permeate the internal workings of the corporation is to require large institutions to regulate themselves in a way that is responsive to social concerns. On the other hand, it has not been an argument against corporate governance that not all well governed companies do well in the marketplace nor do the badly governed ones always sink. Counter to that is the fact that modern day corporations raise capital through investment by stakeholders whose interests are to be protected by the company management. Corporate governance is thus ‘concerned with ways of bringing the interests of investors and manager into line and ensuring that firms are run for the benefit of investors.Q.Which of the following options best summarizes the stance/position taken by the author in the passage?a)Corporate Governance is important with further enhancement in modern day technology and management principles.b)Stringency in norms to govern corporations will have to be placed to guard all the relevant stakeholders.c)Since capital raised from various stakeholders, their interests are of highest importanced)Social Concerns are the main way and most effective way to instill ethics in corporate governance.Correct answer is option 'B'. Can you explain this answer?.

Solutions for In this age of Globalisation, where economic motives precede over all virtues and traditions, protection of larger public interest from great corporate scandals has become matter of great importance. The valiant attempt in this regard was made by the Confederation of Indian Industries by coming up with the voluntary set of guidelines on Corporate Governance, subsequently adopted by SEBI through its Listing Agreement. The Whistle-blower policy in this regard has been recognized as one of the basic features of Corporate Governance Norms by most of the nations across the world.However due to the lobbying of the Indian Corporations, the Whistle-blower policy, despite being a mandatory recommendation in the Murthy Committee Report, was diluted and made non mandatory provision under the Clause 49.The passage deals with legal implications of this dilution and identifies the origin and legislative development of the policy and its need in the present corporate world. The present times need standards of corporate governance more than ever for despite the dominance of organizational actors in contemporary social life, law is desperately short of doctrines, institutions, and regulatory techniques that adequately control corporate entities. It has now become imperative to design and implement a dynamic mechanism of corporate governance, which protects the interests of relevant stakeholders without hindering the growth of enterprises because the corporate veil frequently deflects the penetration of legal values into and, indeed, the imposition of legal sanctions upon the corporate entity. Adversarial-trained lawyers often facilitate avoidance and evasion of corporate liability through ‘creative compliance’ with legal requirements. A commonly proffered solution to the problem of ensuring that legal values permeate the internal workings of the corporation is to require large institutions to regulate themselves in a way that is responsive to social concerns. On the other hand, it has not been an argument against corporate governance that not all well governed companies do well in the marketplace nor do the badly governed ones always sink. Counter to that is the fact that modern day corporations raise capital through investment by stakeholders whose interests are to be protected by the company management. Corporate governance is thus ‘concerned with ways of bringing the interests of investors and manager into line and ensuring that firms are run for the benefit of investors.Q.Which of the following options best summarizes the stance/position taken by the author in the passage?a)Corporate Governance is important with further enhancement in modern day technology and management principles.b)Stringency in norms to govern corporations will have to be placed to guard all the relevant stakeholders.c)Since capital raised from various stakeholders, their interests are of highest importanced)Social Concerns are the main way and most effective way to instill ethics in corporate governance.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of In this age of Globalisation, where economic motives precede over all virtues and traditions, protection of larger public interest from great corporate scandals has become matter of great importance. The valiant attempt in this regard was made by the Confederation of Indian Industries by coming up with the voluntary set of guidelines on Corporate Governance, subsequently adopted by SEBI through its Listing Agreement. The Whistle-blower policy in this regard has been recognized as one of the basic features of Corporate Governance Norms by most of the nations across the world.However due to the lobbying of the Indian Corporations, the Whistle-blower policy, despite being a mandatory recommendation in the Murthy Committee Report, was diluted and made non mandatory provision under the Clause 49.The passage deals with legal implications of this dilution and identifies the origin and legislative development of the policy and its need in the present corporate world. The present times need standards of corporate governance more than ever for despite the dominance of organizational actors in contemporary social life, law is desperately short of doctrines, institutions, and regulatory techniques that adequately control corporate entities. It has now become imperative to design and implement a dynamic mechanism of corporate governance, which protects the interests of relevant stakeholders without hindering the growth of enterprises because the corporate veil frequently deflects the penetration of legal values into and, indeed, the imposition of legal sanctions upon the corporate entity. Adversarial-trained lawyers often facilitate avoidance and evasion of corporate liability through ‘creative compliance’ with legal requirements. A commonly proffered solution to the problem of ensuring that legal values permeate the internal workings of the corporation is to require large institutions to regulate themselves in a way that is responsive to social concerns. On the other hand, it has not been an argument against corporate governance that not all well governed companies do well in the marketplace nor do the badly governed ones always sink. Counter to that is the fact that modern day corporations raise capital through investment by stakeholders whose interests are to be protected by the company management. Corporate governance is thus ‘concerned with ways of bringing the interests of investors and manager into line and ensuring that firms are run for the benefit of investors.Q.Which of the following options best summarizes the stance/position taken by the author in the passage?a)Corporate Governance is important with further enhancement in modern day technology and management principles.b)Stringency in norms to govern corporations will have to be placed to guard all the relevant stakeholders.c)Since capital raised from various stakeholders, their interests are of highest importanced)Social Concerns are the main way and most effective way to instill ethics in corporate governance.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of In this age of Globalisation, where economic motives precede over all virtues and traditions, protection of larger public interest from great corporate scandals has become matter of great importance. The valiant attempt in this regard was made by the Confederation of Indian Industries by coming up with the voluntary set of guidelines on Corporate Governance, subsequently adopted by SEBI through its Listing Agreement. The Whistle-blower policy in this regard has been recognized as one of the basic features of Corporate Governance Norms by most of the nations across the world.However due to the lobbying of the Indian Corporations, the Whistle-blower policy, despite being a mandatory recommendation in the Murthy Committee Report, was diluted and made non mandatory provision under the Clause 49.The passage deals with legal implications of this dilution and identifies the origin and legislative development of the policy and its need in the present corporate world. The present times need standards of corporate governance more than ever for despite the dominance of organizational actors in contemporary social life, law is desperately short of doctrines, institutions, and regulatory techniques that adequately control corporate entities. It has now become imperative to design and implement a dynamic mechanism of corporate governance, which protects the interests of relevant stakeholders without hindering the growth of enterprises because the corporate veil frequently deflects the penetration of legal values into and, indeed, the imposition of legal sanctions upon the corporate entity. Adversarial-trained lawyers often facilitate avoidance and evasion of corporate liability through ‘creative compliance’ with legal requirements. A commonly proffered solution to the problem of ensuring that legal values permeate the internal workings of the corporation is to require large institutions to regulate themselves in a way that is responsive to social concerns. On the other hand, it has not been an argument against corporate governance that not all well governed companies do well in the marketplace nor do the badly governed ones always sink. Counter to that is the fact that modern day corporations raise capital through investment by stakeholders whose interests are to be protected by the company management. Corporate governance is thus ‘concerned with ways of bringing the interests of investors and manager into line and ensuring that firms are run for the benefit of investors.Q.Which of the following options best summarizes the stance/position taken by the author in the passage?a)Corporate Governance is important with further enhancement in modern day technology and management principles.b)Stringency in norms to govern corporations will have to be placed to guard all the relevant stakeholders.c)Since capital raised from various stakeholders, their interests are of highest importanced)Social Concerns are the main way and most effective way to instill ethics in corporate governance.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for In this age of Globalisation, where economic motives precede over all virtues and traditions, protection of larger public interest from great corporate scandals has become matter of great importance. The valiant attempt in this regard was made by the Confederation of Indian Industries by coming up with the voluntary set of guidelines on Corporate Governance, subsequently adopted by SEBI through its Listing Agreement. The Whistle-blower policy in this regard has been recognized as one of the basic features of Corporate Governance Norms by most of the nations across the world.However due to the lobbying of the Indian Corporations, the Whistle-blower policy, despite being a mandatory recommendation in the Murthy Committee Report, was diluted and made non mandatory provision under the Clause 49.The passage deals with legal implications of this dilution and identifies the origin and legislative development of the policy and its need in the present corporate world. The present times need standards of corporate governance more than ever for despite the dominance of organizational actors in contemporary social life, law is desperately short of doctrines, institutions, and regulatory techniques that adequately control corporate entities. It has now become imperative to design and implement a dynamic mechanism of corporate governance, which protects the interests of relevant stakeholders without hindering the growth of enterprises because the corporate veil frequently deflects the penetration of legal values into and, indeed, the imposition of legal sanctions upon the corporate entity. Adversarial-trained lawyers often facilitate avoidance and evasion of corporate liability through ‘creative compliance’ with legal requirements. A commonly proffered solution to the problem of ensuring that legal values permeate the internal workings of the corporation is to require large institutions to regulate themselves in a way that is responsive to social concerns. On the other hand, it has not been an argument against corporate governance that not all well governed companies do well in the marketplace nor do the badly governed ones always sink. Counter to that is the fact that modern day corporations raise capital through investment by stakeholders whose interests are to be protected by the company management. Corporate governance is thus ‘concerned with ways of bringing the interests of investors and manager into line and ensuring that firms are run for the benefit of investors.Q.Which of the following options best summarizes the stance/position taken by the author in the passage?a)Corporate Governance is important with further enhancement in modern day technology and management principles.b)Stringency in norms to govern corporations will have to be placed to guard all the relevant stakeholders.c)Since capital raised from various stakeholders, their interests are of highest importanced)Social Concerns are the main way and most effective way to instill ethics in corporate governance.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of In this age of Globalisation, where economic motives precede over all virtues and traditions, protection of larger public interest from great corporate scandals has become matter of great importance. The valiant attempt in this regard was made by the Confederation of Indian Industries by coming up with the voluntary set of guidelines on Corporate Governance, subsequently adopted by SEBI through its Listing Agreement. The Whistle-blower policy in this regard has been recognized as one of the basic features of Corporate Governance Norms by most of the nations across the world.However due to the lobbying of the Indian Corporations, the Whistle-blower policy, despite being a mandatory recommendation in the Murthy Committee Report, was diluted and made non mandatory provision under the Clause 49.The passage deals with legal implications of this dilution and identifies the origin and legislative development of the policy and its need in the present corporate world. The present times need standards of corporate governance more than ever for despite the dominance of organizational actors in contemporary social life, law is desperately short of doctrines, institutions, and regulatory techniques that adequately control corporate entities. It has now become imperative to design and implement a dynamic mechanism of corporate governance, which protects the interests of relevant stakeholders without hindering the growth of enterprises because the corporate veil frequently deflects the penetration of legal values into and, indeed, the imposition of legal sanctions upon the corporate entity. Adversarial-trained lawyers often facilitate avoidance and evasion of corporate liability through ‘creative compliance’ with legal requirements. A commonly proffered solution to the problem of ensuring that legal values permeate the internal workings of the corporation is to require large institutions to regulate themselves in a way that is responsive to social concerns. On the other hand, it has not been an argument against corporate governance that not all well governed companies do well in the marketplace nor do the badly governed ones always sink. Counter to that is the fact that modern day corporations raise capital through investment by stakeholders whose interests are to be protected by the company management. Corporate governance is thus ‘concerned with ways of bringing the interests of investors and manager into line and ensuring that firms are run for the benefit of investors.Q.Which of the following options best summarizes the stance/position taken by the author in the passage?a)Corporate Governance is important with further enhancement in modern day technology and management principles.b)Stringency in norms to govern corporations will have to be placed to guard all the relevant stakeholders.c)Since capital raised from various stakeholders, their interests are of highest importanced)Social Concerns are the main way and most effective way to instill ethics in corporate governance.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice In this age of Globalisation, where economic motives precede over all virtues and traditions, protection of larger public interest from great corporate scandals has become matter of great importance. The valiant attempt in this regard was made by the Confederation of Indian Industries by coming up with the voluntary set of guidelines on Corporate Governance, subsequently adopted by SEBI through its Listing Agreement. The Whistle-blower policy in this regard has been recognized as one of the basic features of Corporate Governance Norms by most of the nations across the world.However due to the lobbying of the Indian Corporations, the Whistle-blower policy, despite being a mandatory recommendation in the Murthy Committee Report, was diluted and made non mandatory provision under the Clause 49.The passage deals with legal implications of this dilution and identifies the origin and legislative development of the policy and its need in the present corporate world. The present times need standards of corporate governance more than ever for despite the dominance of organizational actors in contemporary social life, law is desperately short of doctrines, institutions, and regulatory techniques that adequately control corporate entities. It has now become imperative to design and implement a dynamic mechanism of corporate governance, which protects the interests of relevant stakeholders without hindering the growth of enterprises because the corporate veil frequently deflects the penetration of legal values into and, indeed, the imposition of legal sanctions upon the corporate entity. Adversarial-trained lawyers often facilitate avoidance and evasion of corporate liability through ‘creative compliance’ with legal requirements. A commonly proffered solution to the problem of ensuring that legal values permeate the internal workings of the corporation is to require large institutions to regulate themselves in a way that is responsive to social concerns. On the other hand, it has not been an argument against corporate governance that not all well governed companies do well in the marketplace nor do the badly governed ones always sink. Counter to that is the fact that modern day corporations raise capital through investment by stakeholders whose interests are to be protected by the company management. Corporate governance is thus ‘concerned with ways of bringing the interests of investors and manager into line and ensuring that firms are run for the benefit of investors.Q.Which of the following options best summarizes the stance/position taken by the author in the passage?a)Corporate Governance is important with further enhancement in modern day technology and management principles.b)Stringency in norms to govern corporations will have to be placed to guard all the relevant stakeholders.c)Since capital raised from various stakeholders, their interests are of highest importanced)Social Concerns are the main way and most effective way to instill ethics in corporate governance.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CLAT tests.