Corporate Governance Nexus with Human Values Towards Holistic Growth of Industry
Keywords:
Human Values, Corporate Governance, Economy, Business model and EthicsAbstract
Human component is the important resource of any Industry. Human Centric Development is always promising and prosperous. Corporate Governance is linked to management of human resources; availability of affective manpower is the biggest requirement of industry. The real challenge is in fetching and recruiting technically efficient and ethically sound manpower. If not, an incubation system or training centre must be in the Industry or associated firm for ensuring the quality and ethical man power. In this Chapter of the book, a clear emphasis was laid down on the positive aspects of human values in the holistic growth of the industry and ease in corporate governance. Trust, Confidence, Loyalty, Courage, Concern, Dedication and Integrity are some of the values in employees those make an organization healthier. Human resource policies of Corporate shall support employees in affective work-life balance management. The work-life conflict occurs mostly in working women, so dedicated policies or relevant framework shall be one of the crucial components in corporate governance. Research gaps, feasible solutions and means of mitigating challenges in corporate work environment are discussed in this chapter.
References
[1] Altman EI (1968) Financial Ratios, Discriminant Analysis, And The Prediction Of Corporate Bankruptcy. J Finance 23:589-609 https://doi.org/10.1111/j.1540-6261.1968.tb00843.x
[2] Altman EI (1993) Corporate Financial Distress And Bankruptcy: A Complete Guide To Predicting And Avoiding Distress And Profiting From Bankruptcy. Wiley, New York, NY Cotter J, Shivdasani A, Zenner M (1997) Do Independent Directors Enhance Target Shareholder Wealth During Tender Offers? J Financ Econ 43:195-218 https://doi.org/10.1016/S0304-405X(96)00886-0
[3] Healy P, Palepu K (2001) Information Asymmetry, Corporate Disclosure And The Capital Markets: A Review Of The Empirical Disclosure Literature. J Account Econ 31:405-440 https://doi.org/10.1016/S0165-4101(01)00018-0
[4] Healy P, Palepu K (2001) Information Asymmetry, Corporate Disclosure And The Capital Markets: A Review Of The Empirical Disclosure Literature. J Account Econ 31:405-440 https://doi.org/10.1016/S0165-4101(01)00018-0
[5] Hermalin B, Weisbach M (1998) Endogenously Chosen Boards Of Directors And Their Monitoring Of The CEO. Am Econ Rev 88(1):96-118.
[6] Hermalin B, Weisbach M (1998) Endogenously Chosen Boards Of Directors And Their Monitoring Of The CEO. Am Econ Rev 88(1):96-118
[7] https://Www.Thehindubusinessline.Com/Opinion/How-To-Improve-Corporate-Governance/Article34635949.Ece
[8] Human Values and Professional Ethics by R R Gaur, R Sangal, G P Bagaria, Excel Books, New Delhi, 2010
[9] Human Values, A.N. Tripathi, New Age Intl. Publishers, New Delhi, 2004.
[10] Jeevan Vidya: Ek Parichaya, A Nagaraj, Jeevan Vidya Prakashan, Amarkantak, 1999.
[11] Jensen MC (1993) The Modern Industrial Revolution, Exit, And The Failure Of Internal Control Systems. J Finance 48:831-880 Jensen MC, Meckling W (1976) Theory Of The Firm: Managerial Behavior, Agency Costs And Ownership https://doi.org/10.1111/j.1540-6261.1993.tb04022.x
[12] Jensen MC (1993) The Modern Industrial Revolution, Exit, And The Failure Of Internal Control Systems. J Finance 48:831-880 https://doi.org/10.1111/j.1540-6261.1993.tb04022.x
[13] Jensen MC, Meckling W (1976) Theory Of The Firm: Managerial Behavior, Agency Costs And Ownership Structure. J Financ Econ 3:305-360 https://doi.org/10.1016/0304-405X(76)90026-X
[14] Maslow, A. H. (1943). A Theory Of Human Motivation. Psychological Review, 50(4), 370-96. https://doi.org/10.1037/h0054346
[15] Maslow, A. H. (1954). Motivation And Personality. New York: Harper And Row.
[16] Maslow, A. H. (1962). Toward A Psychology Of Being. Princeton: D. Van Nostrand Company. https://doi.org/10.1037/10793-000
[17] Maslow, A. H. (1970a). Motivation And Personality. New York: Harper & Row.
[18] Maslow, A. H. (1970b). Religions, Values, And Peak Experiences. New York: Penguin. (Original Work Published 1966)
[19] Maslow, A. H. (1987). Motivation And Personality (3rd Ed.). Delhi, India: Pearson Education.
[20] Millstein, I. M. Et Al.: 1998, Corporate Governance.Improving Competitiveness And Access To Capital In Global Markets. A Report To The OECD By Thebusiness Sector Advisory Group On Corporate Governance (OECD, Paris).
[21] Poitras, G.: 1994, 'Shareholder Wealth Maximization, Business Ethics And Social Responsibility', Journal Of Business Ethics 13, 125-134. https://doi.org/10.1007/BF00881581
[22] Structure. J Financ Econ 3:305-360
[23] Tay, L., & Diener, E. (2011). Needs And Subjective Well-Being Around The World. Journal Of Personality And Social Psychology, 101(2), 354-356. https://doi.org/10.1037/a0023779
[24] Wahba, M. A., & Bridwell, L. G. (1976). Maslow Reconsidered: A Review Of Research On The Need Hierarchy Theory. Organizational Behavior And Human Performance, 15(2), 212-240. https://doi.org/10.1016/0030-5073(76)90038-6