Critically assess the role of regulatory frameworks in enforcing ethical standards in corporate governance. How can these frameworks be designed to encourage ethical behaviour without stifling innovation?

Positives: (1) Form statutory documents to follow => standards of instruction. Eg.: Financial assets companies are legally mandated to tell stakeholder involved (2) Encourage fair market practices also customer protection. Eg.: LCC charged Google with rupees 2000 crore fine (3) Legal mandates to display standardized behaviour Negatives: (1) Restrictions on the businesses to pursue profit making goals (2) Stifle innovation, investments and inferior puncture (3) Loopholes, jurisdictional issues => corruption within regulatory framework Ethical Behaviour + Innovation => corporate governance growth (1) Rational restrictions that are reasonable => balances unethically and profit. (2) Financial incentive to practice ethical share => equity, time conversion for ethical business (3) Engaging dialogues with corporates, ethics, custom, govt, environmentalist => FICCI => Drive to inclusivity Thus, integration is needed for reasonable profitability & growth.