Corporate Ethics Cases — Prelims Questions

Consider the following statements about corporate governance reforms in India: 1. The Companies Act 2013 made Corporate Social Responsibility (CSR) spending mandatory for certain companies 2. Independent directors must constitute at least one-third of the board in all listed companies 3. Audit committee must have minimum three directors with majority being independent directors 4. Related party transactions require approval of audit committee in all cases Which of the statements given above are correct?

The Satyam Computer Services fraud case is significant for Indian corporate governance because: 1. It led to mandatory rotation of audit partners 2. It resulted in enhanced powers for SEBI in securities fraud cases 3. It demonstrated the failure of independent director oversight 4. It showed the limitations of existing whistleblower protection mechanisms Select the correct answer using the code given below:

Which of the following best describes the concept of 'regulatory capture' in the context of corporate ethics?

The Volkswagen emissions scandal primarily illustrates which type of corporate ethics violation?

In the context of corporate ethics cases, the SCALES framework refers to: