Business Ethics & Corporate Governance

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

Course Objectives:

  1. 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):

Learning outcomes

(at course level)

Learning and teaching strategies

Assessment

Strategies

  
 

CO 121.Understand the importance of ethics and corporate governance in the day-to-day working of organizations ·

CO 122.Create a framework for effective corporate governance by understanding the role and responsibility of different stakeholders.

CO 123.Learn scope of business ethics in Compliance, finance, Human resources, marketing, production.

CO 124.Understand the importance of ethics and corporate governance in the day-to-day working of organizations.

CO 125.Learn 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

  

 

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

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
• 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

References: 

• Andrew Crane, Dirk Matten, Oxford University Press, 4th Edition, 2015
• Christine Mallin, Corporate Governance, Oxford University Press, 5th Edition, 2015
• V. Balachandran, V. Chandrasekaran, Corporate Governance, Ethics and social responsibility, PHI Learning Pvt. Ltd. 2011
• Kesho Prasad, Corporate Governance, PHI Learning Pvt. Ltd. 2011
• Manuel G. Velasquez, Business Ethics concept and cases, PHI Learning Pvt. Ltd. 2012
• Jyotsna Diwan Mehta, Priti Gupta, Business Ethics and Ethos, Pragati Prakashan, 2009-10
• Mehta, Dayal, Sharma, Business Ethics and Ethos, Ramesh Book Depot, 2009
• Prof. P. S. Bajaj & Dr. Raj. Agarwal, Business Ethics: An Indian Perspectives, Wiley India Editor, 2010
• Velasquez, Business Ethics: Concepts & Cases, Printice Hall Learning, 2010
• Roverta G. Monks, Nill Minow, Corporate Governance, Wiley India Editor, 2010
• Reddy, Nirmala, Rani, Business Ethics and Corporate Governance, 2013

Academic Year: 
2020-2021
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