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Business Ethics and Corporate Governance
Objective: This paper aims to understand ethical issues in business and the role of Corporate Governance practices in maintaining transparency in business transactions. To highlight the importance of commitment to values and ethical conduct of business.
Learning Outcomes: At the end of this course, students will
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MIV 421 |
Business Ethics & Corporate Governance |
CO 151 Analyze and evaluate the importance of ethics and corporate governance in the day-to-day working of organizations · CO 152 Develop and evaluate a framework for effective corporate governance by understanding the role and responsibility of different stakeholders. CO 153 Examine and distinguish the scope of business ethics in Compliance, finance, Human resources, marketing, production. CO 154 Examine the importance of ethics and corporate governance in the day-to-day working of organizations. CO 155 Analyze and evaluate the issues involved in maintaining ethics/ corporate governance and how to deal with such situations. CO 156 Analyze various Indian and Global scenarios associated with business ethics and corporate governance. |
Approach in teaching: Interactive Lectures, Group Discussion, Tutorials, Case Study
Learning activities for the students: Self-learning assignments, presentations |
Class test, Semester end examinations, Quiz, Assignments, Presentation |
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Introduction to Business Ethics: Meaning, Nature of Ethics, Ethical Concepts and Theories, Morals and Values, Importance and need of ethics in business, Kohlberg’s six stages of moral development (CMD)
Values – Importance, Sources of Value Systems, Types, Values across Cultures, Difference between values and ethics. |
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Managerial Ethics: Categories of management morality Ethical Problems-Dilemma at Work-Sources , Resolutions, Corporate Ethical Leadership Whistle Blowing Ethical Decisions: Concept, Ethical Decision Making, Ethical Dilemmas in Organization, Social Responsibility of Business. |
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Ethical Issues In The Functional Area: Concept, Ethics in Marketing , Ethics in Finance, Ethics in HR and Ethics in Information Technology Environmental Ethics, Corruption And Gender Issues: Environmental Ethics, Corruption, Gender Ethics, Sexual Harassment and Discrimination. |
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Corporate Governance: Meaning of Corporate Governance, Difference between Governance and Management, Purpose of Good Governance, Potential Consequence of poor CG, Governance risk and Financial Stability- The balancing of conflicting objectives.
Indian and Global Scenario: Sarbanes Oxley Act of 2002, Overview of Anglo-American, Japanese, German, models of CG Reports and recommendations of Narayan Murthy and Ganguly Committees |
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Strengthening Corporate Governance: Role and composition of the board, remuneration of directors and senior executives, Rights and responsibilities of shareholders, Ownership of independent directors
Corporate Social Responsibility (CSR): Introduction to CSR, Advantages and Scope, Indian Scenario, CG and CSR, Corporate governance rating |
· S K Mandal (2011), Ethics in Business and Corporate Governance, Tata McGraw Hill Publishing Co. Ltd., New Delhi.
· A.C. Fernando(2009), Business Ethics: An Indian Perspective, Pearson Education India.
· David J.Fritzsch(2004), Business Ethics; a Global and Managerial Perspective, McGraw-Hill Irwin, Singapore
· Riya Rupani (2015), Business Ethics and Corporate Governance, Himalaya Publishing
· Murthy C.S.V(2009), Business Ethics, Himalaya Publishing.
· Daniel Albuquerque(2010), Business Ethics: Principles and practice, Oxford Uni. Press
(Latest editions of the above books are to be referred)
