indian ethos and corporate governance ..57
TRANSCRIPT
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
THANK YOU…