Corporate Governance and Ethical Dimension
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Ethics in Banking — Ethics in Banking.
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Free sample — 8 of 98 rapid-fire Q&A cards.
Define corporate governance per World Bank.
System by which companies are directed and controlled with accountability, efficiency and transparency.
What is ethics in corporate context per Thomas Garrett?
Science of judging human ends and art of controlling means to serve human needs.
Why is governance critical for banks specifically?
Banks are leveraged, public-trust institutions; governance lapses shake entire financial system.
What is the relationship between ethics and corporate governance?
Together produce responsible, sustainable, profitable banking; separately inadequate.
What triggered Sarbanes-Oxley Act 2002?
Enron's systematic accounting fraud using special-purpose entities to hide debt and inflate profits.
What was Enron's share price collapse timeline?
From USD 90.75 mid-2000 to less than USD 1 by November 2001; bankruptcy December 2.
Define wilful defaulter concept per Kingfisher case.
Promoter defaulted on debt obligations; ₹4,300 crore exposure became NPA; promoter became proclaimed offender.
What fraud did Satyam Computer Services confess to?
Multi-year fraud: fictitious bank balances, inflated revenue, fictitious interest income totalling ₹7,000 crore.
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