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MS- 495: ETHICS AND CORPORATE GOVERNANCE IN BANKS
ASSIGNMENT
Course Code : MS-495
Course Title : Ethics and Corporate Governance in Banks
Assignment Code : 495/TMA/SEM-II/2013
Coverage : All Blocks
Note: Attempt all the questions and submit this assignment on or before 31st October, 2013 to
the coordinator of your study centre.
1.‘The values of individuals are different from work values.’ Briefly discuss this statement giving
examples?
Answer : What Are Work Values
Throughout your life you acquired a set of values — beliefs and ideas that are important to you. For
example you may believe that one should always be honest or that one must always be a loyal
friend. You live your life according to this set of values. In order to have a happy, successful and
fulfilling life, you must act upon your values, both in your personal life and at work. Taking your
values into account when you choose a career could be the most important factor that determines
whether you will or won't be satisfied with that aspect of your life.
Clarifying your work values, that subset of values
2.Distinguish between the Anglo American and German Model of Corporate Governance?
Answer : The Anglo- American Model of Corporate Governance
Essentially, in a nutshell, the Anglo-American Model of Corporate Governance is a liberal model of
governance in a body corporate.
Adapted from and influenced by the systems of governance followed in the USA and the UK, this
system of governance accords primary importance to shareholder interest and as a result, the role
played by banking and financial institutions in the governance of an enterprise is drastically reduced.
3.Explain the composition of Board of Directors with reference to Corporate Governance in Indian
Banking Sector.
Answer : Introduction

2. Banks are "special" as they not only accept and deploy large amount of uncollateralized public funds
in fiduciary capacity, but they also leverage such funds through credit creation. The banks are also
important for smooth functioning of the payment system. In view of the above, legal prescriptions
for ownership and governance of banks laid down in Banking Regulation Act, 1949 have been
supplemented by regulatory prescriptions issued by RBI from time to time. The existing legal
framework and significant current practices in particular cover the following aspects:
4.How are Employees’ rights different from Consumers’ rights? Examine these differences in the
context of a nationalised bank of your choice.
Answer : Employment law covers the relationships between employers and their current,
prospective and former employees. Both federal and state laws control various aspects of the
employer-employee relationship, including each side’s rights and obligations. Because of the
complexity of the employment relationship, this area of law involves issues as diverse as
discrimination, recordkeeping, taxation and workplace safety. If your rights have been violated in the
workplace, a lawyer familiar with employment law can help you protect your rights.
Basic rights as an employee
There are minimum rights and entitlements set out in law, which apply to ALL employees, whether it
is written in your employment agreement or not. Your employment agreement cannot trade off or
provide for less than these minimums.
5.Discuss the Collapse of Global Trust Bank and identify the remedies suggested by RBI.
Answer : WHENEVER a private bank is in trouble, it is always the public sector banks that bail it out.
This is something that many the private sector bankers also believe.
Even before the Global Trust Bank (GTB) catastrophe, Bank of Baroda and Punjab National Bank
have bailed out Banaras State Bank and Nedungadi Bank. The number of forced amalgamation of
weak private banks with prosperous public sector banks has created such confidence in public sector
banks, which otherwise have been the target of slanderous attacks of the pioneers of neo-liberal
reforms.
6.Write short notes on the following:
a)Cadbury Committee, 1992
Answer : The 'Cadbury Committee' was set up in May 1991 with a view to overcome the huge
problems of scams and failures occurring in the corporate sector worldwide in the late 1980s and
the early 1990s. It was formed by the Financial Reporting Council, the London Stock of Exchange and
the accountancy profession, with the main aim of addressing the financial aspects of Corporate
Governance.

3. b)Corporate Citizenship
Answer : Corporate social responsibility (CSR, also called corporate conscience, corporate
citizenship, social performance, or sustainable responsible business/ Responsible Business) is a
form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in,
self-regulating mechanism whereby a business monitors and ensures its active compliance with the
spirit of the law, ethical standards, and international norms. In some models, a firm's
implementation of CSR goes
c)GRI
Answer : The Global Reporting Initiative (GRI) is a leading organization in the sustainability field.
GRI promotes the use of sustainability reporting as a way for organizations to become more
sustainable and contribute to sustainable development.
 A SUSTAINABLE GLOBAL ECONOMY
A sustainable global economy should combine long term profitability with ethical behavior, social
justice, and environmental care.
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