Reasoning (R) : Companies that do not cooperate sufficiently with auditors can publish non-compliant financial results

(a) Corporate Governance     (b) Corporate Citizenship     (c) Responsible Business

Reasoning (R) : The Directive principles of state policy of the Indian Constitution Command the State to ensure protection and improvement of environment and to safeguard forest and wildlife.

(a) To prevent harm to the general public            (b) To meet stake-holder expectations (c) To protect their own employees                        (d) To maximize profit of the business

(i) Additional Director   (ii) Causal Director  (iii) Alternative Director  (iv) Nominee Director

(i) Define the role of executive in leading the staff. (ii) Learn about and discuss the power of shared values. (iii) Obtain consensus that the leaders are committed to creating value based workplace. (iv) Provide written material the executives can share with their reporting staff.

(i) Optimization of Profit                             (ii) Social Responsibility of Business (iii) Competition Theory of Business           (iv) Walter’s Theory

It does not provide for corporate social responsibility. It provides for measures to curb corporate frauds. It does not include the concept of corporate fraud. It emphasises on self-reputation and stringent penalties on professionals.

Statement – II : Laws and ethics are closely related.