Page 87 - NITI - Navigating Indian Traditions in Industry

obligation to lead with integrity, compassion, and detachment from the fruits of one’s
actions. These teachings resonate deeply with modern corporate leadership, where
the emphasis is not just on financial success, but also on social and environmental
responsibility. The Gita advocates for a leadership style that prioritizes the well-being
of others, encourages moral decision-making, and ensures that business decisions
align with a greater purpose or long-term value.
One of the key lessons from the Gita is the idea of detached action, where a
leader must focus on performing their duty diligently without being overly attached
to the outcomes. This aligns well with the concept of corporate responsibility, where
companies are expected to act ethically, contribute to society, and create value for
stakeholders while focusing on long-term sustainability rather than immediate, self-
serving gains.

Modern businesses, particularly those with a focus on corporate social responsibility
(CSR), can draw inspiration from the Gita’s call to prioritize the greater good over
short-term profits. Leading with integrity and ethical standards is essential for
businesses seeking to foster trust, build reputation, and create positive social impact.
The Gita’s principles guide leaders to adopt a moral compass in business decisions
and maintain fairness, transparency, and responsibility in all operations.

The Bhagavad Gita (2.47) states: “You have the right to perform your prescribed
duties, but you are not entitled to the fruits of your actions.”

This powerful verse highlights the importance of performing one’s duty without
attachment to the outcomes. It is a call for leaders to focus on doing what is ethically
right, rather than focusing solely on immediate rewards or profits. This is particularly
relevant in modern corporate environments, where the focus is shifting from short-term
financial gains to long-term value creation, employee well-being, and sustainable
practices. It underscores the need for ethical leadership that works towards societal
benefits and environmental sustainability.

5.2.2 Modern Laws Derived from the Bhagavad Gita:

The ethical teachings of the Bhagavad Gita have directly influenced the development
of modern business practices and corporate governance laws, particularly in the areas
of leadership responsibility, ethical conduct, and corporate social responsibility (CSR).

Corporate Social Responsibility (CSR) Laws (India): The Indian Companies Act, 2013,
mandates that companies of a certain size must engage in CSR activities. This aligns
with the Gita’s call for leaders to act with a sense of responsibility towards the greater
good. Modern CSR laws encourage companies to take actions that benefit society at
large, such as supporting education, healthcare, environmental sustainability, and
social welfare, echoing the Gita’s teachings on fulfilling one’s duties for the common
good.

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