Chapter 13
* ‘Demonstration effect’ is a process whereby people with low incomes try to ape the consumption habits of the rich and affluent. This will divert resources away from capital formation required for the economic development of the country.
1. Bimal Jalan, “Cloud on Silver,” Outlook, 3 April 2006.
2. G. N. Bajpai, “Corporate Governance and Development: Why It Matters?,” Speech delivered at the Global Corporate Governance Forum’s Meeting held on 4 November, 2003 at Paris, available at www.sebi.gov.in/chairmanspeech/chsp7.pdf
3. Ibid.
4. A. C. Fernando, Corporate Governance: Principles, Policies and Practices (New Delhi: Pearson Education, 2006).
5. Rabindra N. Kanungo and Manual Mendonca, Ethical Dimensions of Leadership, Sage Series in Business Ethics (New Delhi: Sage, 1996).
6. Ibid.
7. Veeragandham Anjanee Kumar, “Who Is Blocking My Way of Progress?,” September 2007, available at http://landofgods.files.wordpress.com/2007/09/official-corruption-in-india.pdf
8. Correspondent, “KPMG: India Susceptible to Fraud Risk,” Deccan Chronicle, Chennai, 27 July 2006.
9. Krishna Kant, “Cyber Mafia Stalks India Inc,” The Economic Times, Chennai, 29 March 2006.
10. C. L. Ramakrishnan, “PPT on Business Ethics,” 2004, LIBA, Chennai, unpublished.
11. Ibid.
12. J. R. D. Tata’s Interview to The Economic Times Quoted by Dr Robert F. Drinan S. J., during the 10th J. R. D. Tata Oration on Ethics in Business at XLRI, Jamshedpur, on 21 December 2000.
13. Zubin Mulla, “Corporates in India Cannot Be Ethical,” Management and Labour Studies (Vol. 28, No. 1, February 2003): 49–53.
14. Rossouw J. Gedeon, “Establishing Moral Business Culture in Newly Formed Democracies,” Journal of Business Ethics (Vol. 17, 1998): 1563–1571.
15. David Lea, “The Infelicities of Business Ethics in the Third World: The Melanesian Context,” Business Ethics Quarterly (Vol. 9, No. 3, July 1999): 421–438.
16. Ruddar Dutt and K. P. M. Sundaram, Indian Economy, (New Delhi: S. Chand and Company, 2004).
17. Thomas Donaldson, “Values in Tension; Ethics Away From Home,” Harvard Business Review (Vol. 74, No. 8, September- October 1996): 48–62.
18. GE Energy, “Integrity Guide for Suppliers, Contractors, and Consultants,” GE Power.com, 2006, available at http://gepower.com/about/suppliers/en/downloads/integrity_guide.pdf
19. Boeing, “Ethical Business Conduct Guidelines,” available at www.boeing.com/companyoffices/aboutus/ethics/ethics_booklet.pdf
20. Business for Social Responsibility, “Corruption and Bribery Issue Brief,” 2003, available at www.bsr.org/insight/issue-brief-details.cfm?DocumentID=49621
21. See Note 10.
22. See Note 16.
23. “India 2006 Less Corrupt Than in 2005: Transparency,” Deccan Chronicle, Chennai, 7 November 2006.
24. See Note 16.
25. Ibid.
26. Ibid.
27. Ibid.
28. Ibid.
29. Ibid.
30. D. K. Rangnekar, “Minutes of Dissent Direct Taxes Enquiry Committee,” Final Reports, December (New Delhi: Government of India, 1971).
31. Ibid.
32. Government of India, Direct Taxes Enquiry Committee, “Wanchoo Committee Final Report,” New Delhi: Government of India, 1971.
33. David J. Fritzsche, Business Ethics: A Global and Managerial Perspective (Singapore: Mc-Graw Hill Companies, 1997), p. 12.
34. See Note 4.
35. R. M. Lala “Business Ethics of J. R. D. Tata,” The Hindu, 29 July 2004.
36. Ibid.
37. Ibid.
38. Arun Monappa, Ethical Attitudes of Indian Managers (New Delhi: All India Management Association, 1977).
39. Sorab Sadri, Dhun S. Dastoor, and S. Jayashree, The Theory and Practice of Managerial Ethics, (Mumbai: Jaico Publishing House, 1999).
40. P Maria Joseph Christie, He-Whan G.Kwon, Philipp A, Stoaberl, and Raymond Beumhart, “A Crosscultural Comparison of Business Managers: India, Korea and the United States,” Journal of Business Ethics (Vol. 46, 2003): 263–287.
41. Geert Hofstede Cultures and Organizations: Software of the Mind (New York: McGraw Hill, 1997), p. 28.
1. G. Anantharaman, “Interim Order IPO,” SEBI, 2006, available at http://65.175.64.197/investments/markets/sebi/April%2028%20SEBI%20PDF.pdf
2. C. R. L. Narasimhan, “Detecting Rampant Abuses in Public Issues,” The Hindu 23 January, 2006, available at www.hindu.com/biz/2006/01/23/stories/2006012300261700.htm
3. Ibid.
4. Ibid.
5. Rajesh Gajra and Saumya Roy, “Red Flag is Green Signal,” Outlook, 15 May 2006.
6. Ibid.
7. Ibid.
8. SEBI Asks Depositors, DPs to Repay Rs 115.81 Cr., Business Standard, 23 November 2006.
9. G. Anantharaman, Order: Under Sections 11 and 11B of the Securities and Exchange Board of India Act, 1992 in the Matter of Investigation Into Initial Public Offerings, SEBI, 21 November 2006, available at www.sebi.gov.in/cmorder/IPO.html
10. Correspondent, “SEBI yet to Decide on ‘Disgorged’ Money,” The Economic Times, Chennai, 23 November 2006.
11. “But SEBI’s Order May Be Flawed,” The Economic Times, 23 November 2006, available at http://economictimes.indiatimes.com/articleshow/msid-533217,prtpage-1.cms
12. Editorial, “Investors Protection,” Deccan Chronicle, Chennai, 27 November 2006.
13. ET Mumbai Bureau, “SAT Sets Aside SEBI Disgorgement Order,” The Economic Times, Chennai Edition, 23 November 2007.
14. Ibid.