BUSINESS ETHICS & CORPORATE GOVERNANCE

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

Course Outcomes

Learning and teaching strategies

Assessment

Strategies

  
 

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

CO 154. Analyse and evaluate the importance of ethics and corporate governance in the day-to-day working of organizations ·

CO 155. Develop and evaluate a framework for effective corporate governance by understanding the role and responsibility of different stakeholders.

CO 156. Examine and distinguish the scope of business ethics in Compliance, finance, Human resources, marketing, production.

CO 157. Examine the importance of ethics and corporate governance in the day-to-day working of organizations.

CO 158 Analyse and evaluate the issues involved in maintaining ethics/ corporate governance and how to deal with such situations.

CO 159. Analyse various Indian and Global   scenarios associated with business ethics and corporate governance.

Approach in teaching:

Interactive lectures and Discussion and Power point presentation

Learning activities for the students:

Self-learning assignments, effective  discussion, simulation and presentation

CA test, Semester end examination,

Presentation, Quiz, and Interaction

 

  
 

 

12.00
Unit I: 
Unit-1

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: 
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: 
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: 
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.

 

12.00
Unit V: 
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

*Case studies related to entire topics are to be taught.

 

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.
  • Riya Rupani (2015), Business Ethics and Corporate Governance, Himalaya Publishing
  • Murthy C.S.V(2009), Business Ethics, Himalaya Publishing.

 

References: 

Suggested Readings:

·       David J.Fritzsch(2004), Business Ethics; a Global and Managerial Perspective, McGraw-Hill Irwin, Singapore

·       Daniel Albuquerque(2010), Business Ethics: Principles and practice, Oxford Uni. Press

E Resources:

·       Ethics and Corporate Governance in Banks, https://drive.google.com/file/d/1LhQlf9-pRVXxGEHCntejbqsYsAqrD6ho/view, School of Management Studies, IGNOU, New Delhi, 2011

 

Journals:

Indian Journal of Corporate Governance

Academic Year: 
2022-2023
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