Corporate Governance has become a buzzword in the recent times and good corporate governance a slogan, a pride, a mandatory requirement in today's corporate world. Economic meltdown, financial crises and failure of some of the giant corporate groups world over in the last three decades further strengthens the demand for effective corporate governance. The collapse of high profile companies has brought the subject of corporate governance to global business limelight from relative obscurity. Indeed, corporate governance and economic development are intrinsically linked. In the wake of the current economic turmoil corporate principles enshrined in our scriptures such as the Gita, the Upanishad and the Ramayana, become more relevant. Swami Vivekanand had said that knowledge without action has no value and action without knowledge is futile. To integrate thought and action there has to be responsibility, accountability and a vision. It is high time we adopted the philosophy of Gita in governance, in the corporate world promoting ethical competencies to build internal strengths for creating a better India and a better world.

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Keywords: Corporate, Governance, Veda, Gita, Religious Scriptures.