BUSINESS ETHICS AND CORPORATE GOVERNANCE

Paper Code: 
MIB 421
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Outcomes (COs):

 

Course Outcomes

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to:

 

CO 157: Analyze and evaluate the importance of ethics and corporate governance in the day-to-day working of organizations ·

CO 158: Develop and evaluate a framework for effective corporate governance by understanding the role and responsibility of different stakeholders.

CO 159: Examine and distinguish the scope of business ethics in Compliance, finance, Human resources, marketing, production.

CO 160: Examine the importance of ethics and corporate governance in the day-to-day working of organizations.

CO 161: Analyze and evaluate the issues involved in maintaining ethics/ corporate governance and how to deal with such situations.

CO 162: 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

 

 

12.00
Unit I: 
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.

12.00
Unit II: 
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.

12.00
Unit III: 
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.

12.00
Unit IV: 
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

12.00
Unit V: 
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

Essential Readings: 

• 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

References: 

SUGGESTED READINGS:

• 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

E-RESOURCES:
• Business Ethics and Corporate Governance, Nidhi Chandokar, Tushar Agarwal http://www.himpub.com/documents/Chapter2975.pdf

JOURNALS:
• Business Perspectives and Research
• FIIB Business Review

ACADEMIC YEAR: 
2022-2023
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