REVIEW OF THE ROLE OF THE CORPORATE BOARDS IN THE ADOPTION OF ETHICAL BEHAVIOR

Abstract

The board of directors holds the decisive accountability for their company’s performance, besides their own accord of acting in ethical way. The board of directors is the top most authority who is supposed to take the call of implementing any policy or programme. The corporate boards are the competent authority to take of the resources of the company. They act in the trust with the shareholders. The increased awareness of corporate responsibility and media preparedness regarding corporate supervisions, their role of taking responsible and decisive conclusions has become a necessity. This has made the evolution and adoption of an ethical programme to be implemented across the policies and procedures of the company.