Tuesday, December 14, 2010

Manmohan Singh on Corruption

The Prime Minister addressed several thorny issues this morning as he inaugurated a celebration of corporate India.

He spoke on wire-tapping and called more than once on Indian corporations to step it up on ethics, which he said included both transparency in their dealings with government, and fairness in sharing profits with the communities affected by their businesses.

We noted and were glad to see these remarks:

– “Businesses, by their very definition, need to be profitable. But the manner in which they use natural resources and the extent to which they are sensitive to the needs and aspirations of the common man is also critical to their own long-term survival and growth.”

– “Ethical and responsible behavior needs to become the cornerstone of corporate behavior, as indeed our national outlook.”

– “It is the large companies that have to set the pace in this regard. The rest of the corporate sector will quickly follow as this becomes a national norm.”

more at wsj 

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