Ethical Corporate Governance in Start-ups

Rationale/Causes

• Unconventional Nature: Start-ups are early-stage businesses that look beyond standard approaches for clever, cost-effective solutions to issues. This justifies using adapted ethical corporate governance standards.
• Huge and Increasing Numbers: With 71,248 recognised start-ups—including 100 unicorns—and a combined valuation of more than 25 lakh crore rupees, India boasts the third-largest start-up ecosystem in the world.
• Sectoral Omnipresence: They are present in practically every imaginable setting and serve as India's new engines of economic expansion, job creation, and socio-cultural change.
• Relatively Young Age: The founders' youth, lack of business experience, and preference for funding above long-term viability result in more ethical transgressions.