What is Value? Definition Of Value? Value in Ethics, General Studies Paper 4

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Ethics In Governance - Accountability and Governance, Ethics in politics, Ethics in regulators, Ethics in executive, Ethics in the legislature, Ethics in permanent executive, Ethics in bureaucracy, Ethics in the political executive

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Ethics in politics, Ethics in regulators, Ethics in executive, Ethics in legislature, Ethics in permanent executive, Ethics in bureaucracy, Ethics in political executive

Ethics In Governance

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Accountability and Ethical Governance

1. Accountability – Answerability

2. Account means to keep count

Examples –

Accountability of minister to Legislature

Accountability of company’s management to Board of Directors

Accountability of Board of Directors to Shareholders

Accountability of Government to Public

Accountability of Employees to head of the organization

Accountability of Students to Teachers

Essential Components –

Hierarchy

Department that fixes responsibility

Independent external body to oversee the functioning and seek explanation about the same

Robust Reward – punishment framework

Ensuring that actions and decisions are transparent so that it is easy to fix responsibility

Example – Banking System

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Governance –

Direct the governed to do certain things in a specific way,

Preventing the governed from doing certain things,

Services,

Creation of ecosystem that prompt the governed to exhibit a specific type of conduct

Relationship between Accountability and Ethical Governance

Strengthening of ethical and moral values in governance

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Ethics In International Relations and Corporate Governance

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Ethics in International Relations

International Relations refer to the interaction of countries with other countries in strategic, economic, political, social and other spheres.

Ethics – Guide for good and bad

Ethics in International Relations –

Good and bad in a nation’s interaction with other nations in strategic, social, economic, political and other spheres

Test For Ethics In International Relations –

All three principles should be followed.

Trade of Slaves from Africa.

The assassination of Bin Laden by the USA

1. War

Ethical War –

To protect one’s sovereignty

To protect one’s resources

Any other possible crisis

Unethical War –

For resources of other country

To interfere in internal affairs of another country

To undermine the sovereignty of another country

 War should be last option (India – Pakistan Context)

2. International Funding (China – Nepal, Africa)

3. International Investments (Tax law, interference in governance – Amazon, Facebook, Twitter etc.)

Corporate – Wherein the ownership and management are separate. (Money raised from public)

Corporate Governance –

Set of all methods and processes that steer a business corporation towards a specific direction in such a way that the interest of all stakeholders in general and shareholders in particular are not compromised by the management.

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