The question asks to identify a core principle from the 2017 ICOM (International Council of Museums) Code of Ethics.
ICOM Code of Ethics Principle Analysis
The ICOM Code of Ethics provides guidelines for museums worldwide. Let's analyze the given options in light of these ethical standards:
- Option 1: Museums may use collections as collateral for loans. This is generally discouraged as it undermines the principle of preservation and public trust. Museums are custodians, not owners in a commercial sense.
- Option 2: Museums must hold collections in trust for the benefits of society. This aligns directly with the fundamental ethical duty of museums to safeguard heritage for present and future generations and make it accessible for public good.
- Option 3: Museums should prioritize profit from collections. While museums need financial sustainability, prioritizing profit over their core missions (preservation, research, education) is ethically questionable and contradicts ICOM principles.
- Option 4: Museums may ignore provenance of items. Provenance (the history of ownership) is crucial for understanding an object's context, authenticity, and legal status. Ignoring it is unethical and can lead to issues with illicit trafficking and cultural heritage restitution.
Conclusion on ICOM Ethics
Based on the analysis, the principle that museums must hold collections in trust for the benefit of society is a cornerstone of the ICOM Code of Ethics (2017).
Important Questions from Corporate governance and business ethics
Corporations are controlled and directed by which one of the following?
As per the Anglo-Saxon Model of Corporate Governance, the authority lies with the following. Arrange these in decreasing order of authority.
A. Board of Directors
B. Managers
C. Shareholders
D. Employees (Company)
E. Trade unions
Choose the correct sequence from the options given below
Assertion (A) : Corporate governance is an important instrument of investor protection.
Reason (R) : Strong corporate governance is indispensable to resilient and vibrant capital markets.
Which one of the following options is correct?
Which among the following is not a correct statement with regard to Corporate Governance in India ?
List out from the given statements the important ethical principles that a business should follow:
a) To take the necessary action for the development of the concerned industry or business.
b) Pay taxes and discharge other obligations promptly.
c) To ensure the best utilisation of the human resources.
d) Refrain from secret kickbacks or pay-offs to customers, suppliers, administrators, etc.
e) Ensure payment of fair wages and fair treatment of employees.
Choose the correct answer from the options given below:
