Match the items of List I with the items of List II and choose the correct answer from the code given below. List - I List - II a Cadbury Committee i SEBI regulation b Clause 49 of listing agreement ii Code of best practices c Minimum number of specified board meetings a year iii Ethics d Whistle blowing iv Companies Act, 2013
Matching Corporate Governance Concepts: Cadbury Committee & SEBI Regulations
This question asks us to match concepts related to corporate governance listed in List I with their corresponding descriptions or origins in List II. Let's analyze each item to find the correct match.
Analyzing the Items
We need to carefully consider each item in List I and find the best fit from List II based on standard corporate governance principles and regulations, particularly in the Indian context where Clause 49 and Companies Act, 2013 are relevant.
- (a) Cadbury Committee: The Cadbury Committee is famous for its report published in the UK in 1992, which was a landmark in establishing principles of corporate governance. Its main contribution was recommending a 'Code of Best Practices' for companies. This aligns directly with item (ii) in List II.
- (b) Clause 49 of listing agreement: Clause 49 was a significant regulation issued by the Securities and Exchange Board of India (SEBI) for listed companies in India. It laid down specific requirements for corporate governance practices. Therefore, this matches with item (i) in List II, "SEBI regulation".
- (c) Minimum number of specified board meetings a year: Requirements regarding the minimum number of board meetings that a company must hold in a year are typically stipulated by the company law of the respective country. In India, the Companies Act, 2013 specifies such requirements. This matches with item (iv) in List II, "Companies Act, 2013".
- (d) Whistle blowing: Whistleblowing is a mechanism that allows employees or other stakeholders to report unethical or illegal activities within an organization without fear of retaliation. It is fundamentally related to establishing ethical practices and culture within a company. This corresponds to item (iii) in List II, "Ethics".
Establishing the Correct Matches
Based on the analysis above, the correct matches are:
- (a) Cadbury Committee matches with (ii) Code of best practices.
- (b) Clause 49 of listing agreement matches with (i) SEBI regulation.
- (c) Minimum number of specified board meetings a year matches with (iv) Companies Act, 2013.
- (d) Whistle blowing matches with (iii) Ethics.
Summary of Matches
| List I (Concept) | List II (Origin/Related Area) | Match |
|---|---|---|
| a) Cadbury Committee | ii) Code of best practices | (a) - (ii) |
| b) Clause 49 of listing agreement | i) SEBI regulation | (b) - (i) |
| c) Minimum number of specified board meetings a year | iv) Companies Act, 2013 | (c) - (iv) |
| d) Whistle blowing | iii) Ethics | (d) - (iii) |
The sequence of matches is (a) - (ii), (b) - (i), (c) - (iv), (d) - (iii). We now check the given options to find this combination.
Evaluating the Options
Let's compare our derived matches with the provided options:
- Option 1: (a) - (i), (b) - (ii), (c) - (iii), (d) - (iv) - Incorrect.
- Option 2: (a) - (ii), (b) - (i), (c) - (iv), (d) - (iii) - Matches our derived combination.
- Option 3: (a) - (ii), (b) - (i), (c) - (iii), (d) - (iv) - Incorrect (c and d matches are swapped).
- Option 4: (a) - (iv), (b) - (iii), (c) - (ii), (d) - (i) - Incorrect.
Option 2 correctly represents the matching of the items from List I to List II.
Revision Table: Corporate Governance Matching
| Concept | Key Association |
|---|---|
| Cadbury Committee | Code of Best Practices (UK) |
| Clause 49 of Listing Agreement | SEBI Regulation (India) |
| Board Meeting Frequency | Companies Act, 2013 (India) |
| Whistleblowing | Ethics / Reporting Misconduct |
Additional Information on Corporate Governance Elements
- Cadbury Committee: Chaired by Sir Adrian Cadbury, this committee's 1992 report for the London Stock Exchange is considered foundational for modern corporate governance codes. It emphasized the roles of the board, auditors, and shareholders and promoted a voluntary code of best practice.
- Clause 49 of Listing Agreement: This clause was a mandatory requirement by SEBI for all companies listed on Indian stock exchanges. It significantly enhanced corporate governance standards in India, covering areas like the composition of the board, audit committees, disclosure norms, and shareholder rights. While now largely superseded by SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, its principles remain influential.
- Companies Act, 2013: This Indian legislation governs the incorporation, responsibilities, and dissolution of companies. It contains several provisions related to corporate governance, including rules for board meetings (frequency, quorum), appointment of directors, independent directors, and audit requirements.
- Whistleblowing: A whistleblowing policy is a crucial part of a company's ethical framework. It provides a confidential and safe channel for employees and others to raise concerns about potential malpractice, fraud, or other unethical behavior without fear of reprisal, promoting transparency and accountability.
Important Questions from Organizational Behaviour
Which one of the following aims at the Task Dimension of organizational change?
Match the items of List-II with the items of List-I and indicate the code of correct matching.
List-I
(Model of Organisational Behaviour)
List-II
(Employee Orientation)
(a) Autocratic (i) Responsible behaviour (b) Custodial (ii) Security and benefits (c) Supportive (iii) Job performance (d) Collegial (iv) Obedience
Codes:Match the items of List-(II) with those of List-(I); and choose the correct code of combination:
List-I
List-II
(a) Procedural Justice (i) Justice to a particular community which has been suffering in the past from injustice. (b) Commutative Justice (ii) Treat equal people equally and unequal people unequally. (c) Communitarian Justice (iii) Justice is ensured at the beginning and all people are treated equally. (d) Distributive Justice (iv) Actions performed complying to the law.
Codes:Given below are two statements:
Statement I: When I say that I like my organization, I am expressing an attitude towards my organization.
Statement II: We can control our behaviour in a way that does not reflect our beliefs and values.
In the light of the above statements, choose the correct answer from the options given below:
Match List I with List II
LIST I
(Cattell's Personality Factors)
LIST II
(Bipolar dimensions)
A. Social boldness I. Imaginative Vs. Practical B. Abstractedness II. Shrewd Vs. Forthright C. Private III. Controlled Vs. Casual D. Perfectionism IV. Venturesome Vs. Timid Choose the correct answer from the options given below:
