Corporate frauds and scandals are not only rising in India but are increasing across the globe. “According to the latest survey report of the international consultancy firm, KPMG, such frauds have increased globally from 11 percent to 18 percent in the last four years”, shared Dr. G. P. C. Nayar. The main reason for the growth of these scandals is the lack of human and ethical values. Some learned scholars and practitioners have realized the need to incorporate these values in their workforce as they believe this would help in nurturing good corporate culture. Many management institutes have also modified their curriculum keeping in mind these positive and ethical human values.
Dr. G. P. C. Nayar further shared that, “this sort of degeneration is not only the problem of the business and industry. It is so in every other sector. The human race, world over, is afflicted by this deterioration”. The SCMS Chairman went on to share the views of an Indian poet, Bhartrihari who wrote almost around 1500 years back. Bhartrihari divided the human race into four categories of people, the Satpurushas, Samanyas, Manav Rakshasas and the fourth category of people is lower than these three, so much so that he did not even consider it worth giving a name.
Satputras are noble people who always work for the betterment of other people sacrificing their self interest. Samanyas are those who help other people; however, they do not sacrifice their self interest to benefit others. The third category, Manav Rakshasas consists of those who kill other people’s happiness for their own interest. Those belonging to this category are selfish and corrupt. The fourth category of people simply enjoy hurting others without any self interest. “The present problem confronting the society is that from the category of samanyas people are slowly slipping into the lower groups thereby intensifying the destructive force of these groups”, said Dr. G. P. C. Nayar. As per him, we may not be able to eradicate these evils completely but we must make an effort to lower them if we want to progress.
He shared that there is a major problem with the education system in our country. “Our entire educational system from the primary level which gives excessive devotion to intellectual knowledge and technical skill but little or no respect to human values needs to be changed”, he said. Such education would “only create intellectual giants” devoid of human values. We need to ensure that both technical knowledge as well as human and ethical values are inculcated in a student. “Balance between technical excellence and human excellence is the need of the hour”, he concluded.