Business Ethics and Corporate Governance

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

                                        Course Objectives

• Understand ethical issues in business and the role of Corporate Governance practices in maintaining transparency in business transactions.

• Understand the importance of commitment to values and ethical conduct of business.

                                    Course Outcomes (COs):

Learning Outcomes (at course level)

Learning and teaching strategies

Assessment Strategies

 
 

The student will be able to-

  1. Describe the importance of ethics and corporate governance in the day-to-day working of organizations.
  2. Create a framework for effective corporate governance by understanding the role and responsibility of different stakeholders.
  3. Explain the scope of business ethics in Compliance, finance, Human resources, marketing, and production.
  4. Identify the importance of ethics and corporate governance in the day-to-day working of organizations.
  5. Discuss the issues involved in maintaining ethics/ corporate governance and how to deal with such situations.

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

 

 

10.00
Unit I: 
Introduction to Business Ethics:

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.

10.00
Unit II: 
Managerial Ethics:

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:

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.

14.00
Unit IV: 
Corporate Governance:

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

14.00
Unit V: 
Strengthening Corporate Governance

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
• 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

Academic Year: 
2020-2021
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