TOPPING CORPORATE GOVERNANCE CHARTS

CSB Bank tops the list of banks adding credibility to India's financial system by adopting best corporate governance practices.

- RAUV PANIAN SINGH

ONE OF THE MOST enigmatic aspects of modern commerce is perhaps persona legalis, the idea of assigning a legal soul to a business, separate from the people involved, with its own rights and duties. However, how can one hold a nebulous persona legalis accountable for breaching the imaginary line that demarcates the right from the wrong, the ethical from the unethical? The conundrum gave rise to the concept of corporate governance, the way a business organisation operates within society through regulatory systems adopted and inculcated by its leaders.