Discussed the inter-relationship between Business Ethics and Corporate Governance among Indian companies. He claimed that “There are a number of reasons why businesses should act ethically. As behavior is based on values priorities, a mutual effort at all levels to deal with corporate ethics begins with a clear understanding of core values, both individually and organizationally. Good corporate governance begins with a company's own internal practices and policies. While corporate governance issues are common across organizations, each company requires governance principles that are unique in their approach. Good governance is, ultimately, the sine qua non for continued growth and prosperity. Corporate Governance represents the moral framework, the ethical framework and the value framework under which an enterprise takes decisions. In the long run ethical behavior has a positive impact on the company's performance.

Required

Critically evaluate the above statements. Your discussion should include your agreement or disagreement on the inter-relationship between business ethics and corporate governance and their impact on the long- term success of business。