Notes/GS 4/Public Civil Service Values and Ethics in Public Administration Status and Problems/5.6 Corporate Governance5.6 Corporate GovernanceUpdated 4 Jun 2026·1 min read·0 linked PYQsBookmarkAsk AICSR - org serve interest of society, behave ethically to improve local community and societyCG - set of system to ensure that coy is governed in best interest of all stakeholders, fairness, transparency and accountabilityCG Challenges in Public enterprise -Unclear ownership objective, PSE have wide range of goals, objectivesWeak owners - weak institutions, mgt goals,Low transparency and disclosure - undermines performance, limits Accountability,Unprofessional Board of Directors2nd ARC RecomCommunity benefit project taken up by corporate entity, Govt should act as facilitator