Page 98 - NITI - Navigating Indian Traditions in Industry

Example: 2

In the Kurukshetra war, Lord Krishna played a significant role in mediating between
the warring factions and trying to avoid conflict through diplomacy. His teachings
about resolving disputes by seeking peaceful solutions offer direct parallels to
modern-day corporate dispute resolution practices, where businesses increasingly
turn to alternative dispute resolution mechanisms such as mediation, arbitration, and
conciliation to avoid protracted litigation.

Scriptural Example: Mahabharata (Anushasana Parva, 47.19):

“Peace can be achieved only when both parties agree to set aside their differences
and come to a fair resolution.”

This quote directly mirrors the modern legal practice of arbitration and mediation,
where the emphasis is on finding mutually agreeable solutions, fostering peace,
and maintaining business relationships. In modern business law, disputes are often
resolved outside the courtroom through processes that emphasize dialogue, mutual
respect, and the fair treatment of all parties.

5.6.3 Modern Laws and Practices derived from the Mahabharata’s Teachings:
The Mahabharata continues to influence modern legal and corporate frameworks,
particularly in leadership ethics and dispute resolution. Here are examples of how its
teachings align with contemporary laws and business practices:

Ethical Leadership and Corporate Governance:
The ethical principles exemplified by leaders like Yudhishthira and Krishna are
reflected in modern corporate governance frameworks, which stress the importance
of integrity, accountability, and transparency. In modern corporations, leaders are
often required to follow a code of conduct that aligns with both legal regulations and
ethical guidelines to ensure that their actions and decisions benefit both shareholders
and society at large.
Example:3

The Companies Act, 2013 in India emphasizes transparency, accountability, and
fair practices in corporate governance, requiring directors and corporate leaders to
uphold ethical standards in decision-making and corporate operations.

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