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Business Ethics and Corporate Governance
Course Objectives-
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.
Course Outcomes(COs):
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Learning outcome (at course level) |
Learning and teaching strategies |
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PAPER CODE |
Paper Title |
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MHR 421 |
Business Ethics & Corporate Governance |
CO 148. Analyze and evaluate the importance of ethics and corporate governance in the day-to-day working of organizations · CO 149. Develop and evaluate a framework for effective corporate governance by understanding the role and responsibility of different stakeholders. CO 150. Examine and distinguish the scope of business ethics in Compliance, finance, Human resources, marketing, production. CO 151. Examine the importance of ethics and corporate governance in the day-to-day working of organizations. CO 152. Analyze and evaluate the issues involved in maintaining ethics/ corporate governance and how to deal with such situations. CO 153. 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 |
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.
Managerial Ethics:CategoriesofmanagementmoralityEthicalProblems-Dilemma at Work-Sources , Resolutions, Corporate Ethical Leadership Whistle Blowing
Ethical Decisions: Concept, Ethical Decision Making, Ethical Dilemmas in Organization, Social Responsibility of Business.
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
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:SarbanesOxleyActof2002,OverviewofAnglo-American,Japanese,German,modelsofCGReportsandrecommendationsofNarayanMurthyandGangulyCommittees
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
Suggested Readings:
- SKMandal(2011),EthicsinBusinessandCorporateGovernance,TataMcGrawHillPublishing Co. Ltd., NewDelhi.
- A.C.Fernando(2009),BusinessEthics:AnIndianPerspective,PearsonEducationIndia.
- DavidJ.Fritzsch(2004),BusinessEthics;aGlobalandManagerialPerspective,McGraw-HillIrwin,SingaporeRiyaRupani(2015),BusinessEthicsandCorporateGovernance,HimalayaPublishing
- MurthyC.S.V(2009),BusinessEthics,HimalayaPublishing.
- DanielAlbuquerque(2010),BusinessEthics:Principlesandpractice,OxfordUni.Press
