Indian ethos and corporate governance ..57

Indian ethos and corporate governance

Yasotha Punitha Malar

Meaning of Indian Ethos

• The body of knowledge which derives its solution from the rich and huge Indian system of ethics is known as Indian Ethos in Management.

• “Yogha Karmashu Kaushalam, samatvam yoga uchyate”

he who works with calm and even mind achieves the most.

Basic principles of Indian ethos for management

• Management attitude• Humanizing the organization• Interiorizing management• Self introspection• Tranquility of the mind• Stepping back• Self motivated meditation• Role of intuition

Elements of India Ethos

• Sacrificing spirit rather than fighting

spirit

• Team achievement rather than

individual achievement

• Spiritual attainment rather than material

prosperity

• Self-control rather than outside control

Contd…

• Concept of duties rather than

concept of rights

• Yielding rather than dominating

• Concern for this world and its

improvement

Need for Indian Ethos

Development of proper management

system in the organization:

Assurance of all round development,

growth and prosperity:

Larger goal:

Man versus machine:

Corporate governance Meaning

.

Corporate governance provides the structure through which the objective of the company are set, and the means of attaining these objectives and monitoring performances are determined

Corporate Governance in Indian Context

• JRD Tata’s group’s Jamshetji set up

the JN Tata Endowment Trust in

1892.

• Gandhi said” let us consider how

equal distribution can be brought

about through non-violence.

Contd…

• Trusteeship can also offer better

understood though a conversation

that occurred between swami

vivekanandha and john Rockefeller,

the American industrialist who set up

the Rockefeller foundation

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