CORPORATE GOVERNANCE FROM THE ARTHASHASTRA

PRESENTED BY

HARSH ADHIYA- 01

KESHAV AGARWAL- 02

NEIL GALA- 09

ABHISHEK OZA- 20

YATIN PRABHU-25

DHAVAL SOLANKI-29

INTRODUCTION

In third century BC lived Kautiliya, one of the legendary characters in Indian history. His master work, the Arthashastra, ought to be read by all, be they statesman, business managers or academic scholars.

Arthashastra when translated means “knowledge of wealth” or “wealth of knowledge”. Arthashastra was written in Sanskrit.

According to Kautilya‘s Arthasastra, the Hindu way of life reveals four main aims (1) Dharma (2) Artha (3) Kama and (4) Moksha.

Artha refers to material progress which is required in order to live a balanced life. Arthasastra‘s main part deals with National Security, Foreign Policy,

Administration of Justice, Economic Development Policy, Taxation, Labor Management and Financial Management. Kautilya describes the rules to prevent the misuse the power.

CONTINUED

Vishugupta-Kautilya-Chanakya (370-283 BCE) was a teacher in Taksasila, an ancient centre of learning, and was responsible for the creation of Mauryan empire the first of its kind on the Indian subcontinent.

He was born in 3rd century B.C. Pulled down the Nada Dynasty King maker- Chandragupta Maurya Responsible for the retreat of Alexander the Great from

India Arthashastra and Neetishastra were documented towards

the end of his life

CORPORATE GOVERNANCE FROM THE ARTHASHASTRA

Conduct of the King

Administering Justice

Judicial Fairness

Measures against Misappropriation of State Funds

CONTINUED

Concept of Punishment

Identification and Prevention of Corrupt Practices

Strict Code of Conduct

THE SEVEN PILLARS FOR BUSINESS SUCCESS

SWAMI – THE KING (THE LEADER) AMATYA – THE MINISTER (THE MANAGER) JANAPADA – THE COUNTRY (YOUR MARKET) DURG – THE FORTIFIED CITY (HEAD OFFICE) KOSHA – THE TREASURY (FINANCE) DANDA – THE ARMY (YOUR TEAM) MITRA – THE ALLY (FRIEND/CONSULTANT)

CONTINUED

The King (The Leader)

The Minister (The Manager)

CONTINUED

The Country (Your Market)

The Fortified City (Head Office)

CONTINUED

The Treasury (Finance)

The Army (Your Team)

The Ally (Friend/Consultant)