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Corporate governance broadly refers to the rules, processes, or laws by which businesses are operated, regulated, and controlled. It is believed that well-defined and enforced corporate governance provides a structure that, at least in theory, works for the benefit of everyone concerned by ensuring that the enterprise adheres to accepted ethical standards and best practices as well as to formal laws.

In recent years, corporate governance has received increased attention because of high-profile scandals involving abuse of corporate power and in some cases, alleged criminal activity by corporate officers. An integral part of an effective corporate governance regime includes provisions for civil or criminal prosecution of individuals who conduct unethical or illegal acts in the name of the enterprise.

While most corporate have set of rules and procedures in place yet these have not deterred the individuals from indulging in acts that go far beyond the framework of rules, and ethical values. It is in this context that the human values become relevant. The moral values which Gandhi practically illustrated in his daily life are persistently advanced as profound and credible answers to the ever-intensifying crisis that confronts the corporate activity. The Gandhian vision is a means to rejuvenate the entire nation and all other sectors of activity. Therefore now, much neglected Gandhian economic thought and praxis demand an exhaustive re-examination in the context of corporate governance.

The Institute

Institute of Business Management and Technology (IBMT, Bangalore, INDIA) has been advocating and doing some research into sustainability and its factors for the last few years. We have been presenting papers and attending conferences throughout the world propagating our concept of Indian globalization and our theory of sustainability to the world.

The Institute of Business Management and Technology is an innovation-mediated new age institution focused on making a difference to management education in a holistic manner.

Therefore, IBMT believes, that in order to grasp the intricacies of new businesses in the digital economy, the future managers must develop capabilities to integrate multiple skills, evolving knowledge systems and emergent technologies. It also believes that the legacy left behind by our ansectors in terms of their profound thoughts cannot be ignored and need to be looked into with a new perspective.

The mission of the Institute is to nurture creative contributors with enhanced managerial and technical skills to contribute to the creation, application and extension of knowledge for the benefit of the society.