THE INDIAN ETHOS AND CORPORATE GOVERNANCE

Presented by

Ayushi Verma
Ellora Gogoi
K Harika
Riya Mathew
 The expression Indian Ethos in Management refers
to the experiences of Indian civilization over the
centuries for managing both the professional as
well as personal front
 It refers to the values and practices that the culture CORPORATE
of India can contribute to service, leadership and INDIAN ETHOS
GOVERNANCE
management
 Indian ethos in Management takes into account a
‘whole’ man approach
 The approaches of Indian Ethos helps in solving
problems related to Corporate Governance
 Our sacred ancient literature such as Vedas,
Upanishads, Ramayana, Mahabharata,
Bhagwad Gita etc. depict treasure of wisdom and
principles which modern management can apply for
success of the corporate
 Takeaways for the managers
 Applying the teachings from Mahabharatha ,
Ramayana etc into corporate world
Mahatma Gandhi Jamshetji Tata

Swami Vivekananda
 SERVANT LEADERSHIP
• Servant leadership is a leadership philosophy in which the
main goal of the leader is to serve.

• This is different from traditional leadership where

the leader's main focus is the thriving of their company or
organizations.

• Bhagawad Gita chapter 3 talks about Nishkaam Karma

:Selflessness is the only way to progress and prosperity

• Arthashastra says “the king shall consider as good,not what

pleases himself but what pleases his subjects.The king is a
paid servant and enjoys the resources together with the
people.”
• Concept of trusteeship in leadership ,is one where leaders are seen as humble stewards of their
organization’s resources and achieve results by focusing their attention towards the needs of the
colleagues.

• Mahatma Gandhi is the biggest example for servant leadership.

• Values followed by Gandhi to ensure equal distribution:

1. Necessary changes in personal life
2. Reducing wants to a minimum
3. Earnings should be free of dishonesty
4. Desire for speculation should be renounced
5. Self-restraint should be practiced in every sphere of life.

• Tena Tyektena Bhunjitha

 SWAMI VIVEKANANDA

• Swami Vivekananda was not only a multi-faceted

personality but was also far ahead of his times.
• Swamiji understood the problems facing humanity.
Through the cause and effect method he traced the
problems and provided solutions which served beyond
immediate relief and farther into the future.
• He was a social reformer, a nationalist, and a
management specialist.
• His concern was to elevate human kind and subsequently
conquer all environments and circumstances.
• These unique qualities made him a leader of the supreme
kind. Any block to human progress was his concern and
he brought his great mind and heart in pointing out the
obstructions and thereby providing solutions.
 MANAGEMENT VALUES BY SWAMIJI

• Corporate responsibility
• Servant leadership
• Efficiency
• Become universal
• Trusteeship management
 AN EXAMPLE ON TRUSTEESHIP MANAGEMENT

• In the late 1800s, Swami vivekananda went

to Chicago to attend the parliament of
religions
• He became an ardent and outspoken advocate
of human values
• He met John D Rockefeller who made a
fortune in the oil business
• Madame Emma Calve, a French lady disciple
narrated this story to Madame Drinette
Verdier
• Rockefeller was not really interested in
meeting him but was curious about the
saffron-clad monk
• The conversation
 ROCKEFELLER FOUNDATION - 1913

• The Rockefeller Foundation’s mission is to promote the well-being of humanity throughout the
world
• Its overall philanthropic activity has been divided into five main subject areas:
• Medical, health, and population sciences
• Agricultural and natural sciences
• Arts and humanities
• Social sciences
• International relations
 NOTABLE WORKS
• Financially supported education in the United States "without distinction of race, sex or creed”
• Helped establish the London School of Hygiene and Tropical Medicine in the United Kingdom
• Established the Johns Hopkins School of Public Health and Harvard School of Public Health, two
of the first such institutions in the United States
• Developed the vaccine to prevent yellow fever
• The second-oldest major philanthropic institution in America, after the Carnegie Corporation, the
foundation's impact on philanthropy in general has been profound.
• It has supported United Nations programs throughout its history
 TATA GROUPS
• JRD Tata is one of the business leaders who have been
influenced by the trusteeship concept of Mahatma
Gandhi
• Jamsetji Tata set up the JN Tata Endowment Trust in
1892, much before Rockefeller Foundation, the Andrew
Carnegie Trust, the Ford Foundation, and the Lord
Leverhulme Trust came into existence
• Jamsetji Tata and JRD Tata started the practice of
corporate citizenship and practice of values in Tata
group
• Among the 13 top rated socially responsible companies
for 2009, four belonged to the Tata group
• Two-thirds of the shares of Tata Sons, the promoter
company and major shareholder for the Tata Group of
companies, are held by charitable companies.
TATA TRUSTS
 PHILOSOPHY OF TATA GROUPS
• Improve quality of the life of the communities we serve
• Returning to society what we earn evokes trust among consumers, employees, shareholders, and the
community
• Leadership with trust.
• ‘In a free enterprise, the community is not just another stakeholder in the business but in fact the very
purpose of its existence’ – Jamsetji Tata
 FEW OF THE INITIATIVES
• JN Tata Endowment Scheme for higher education in 1892.
• An institution for advanced scientific education and research. In 1898, he pledged Rs.3 million — half of his
personal fortune — towards setting it up.
• The Trusts established India’s first cancer care hospital.
• The Indian Institute of Science in Bangalore, helped to create and nurture India’s atomic energy programme
and space programme. It also enabled CV Raman to undertake research in light scattering, which eventually
won him the Nobel Prize in 1930.
• Under the noble lineage of Jamsetji Tata, a number of trusts have been established over the years – the largest
being the Sir Ratan Tata Trust and Sir Dorabji Tata Trust, which operate under the umbrella of the Tata
Trusts.
• The Tata Trusts have constantly endeavored to achieve societal and economic development for the nation.
They support causes such as health, nutrition, education, water and sanitation, livelihoods, social justice and
inclusion, skilling, migration and urbanization, environment, digital literacy, sports, arts, craft and culture, and
disaster management to name a few.
• They seek to empower, enable and transform communities across India, while improving the quality of life of
the tribal, underserved, underprivileged, backward and minority sections, and laying special emphasis on
women and children. They have partnered with over 855 organizations for various causes in 638 districts
across 33 states and union territories.
THANK YOU