Ethics and Corporate Social Responsibility

Business Ethics: Meaning of ethics, why ethical problems occur in business. Ethical principles in business: Utilitarianism: weighing social cost and benefits, Rights and duties, Justice and fairness, ethics of care, Integrating utility, rights, justice and caring, An alternative to moral principles: virtue ethics

Corporate Social Responsibility: Meaning, Evolution of corporate social responsibility, common indicators for measuring business social performance, reporting social responsibility measures in annual report. Freidman’s Traditional vs. Carroll’s Modern View of CSR, Stakeholder’s Approach and Concept of Sustainability

Corporate Governance: Concept, Need to improve corporate governance standards, Features of good governance, Role played by regulators to improve corporate governance, Accounting standards and corporate governance, Corporate disclosure, Insider trading.

The Board : Quality, Composition and role of Board, Outside Directors on the board (independent, nominee), Executive and Non-Executive directors, SEBI clause 49, Directors and financial institutions in enhancing corporate governance, Critical issues in governance of board directors, CEO Duality.

Role of auditors in enhancing corporate governance: duties and responsibilities of auditors, Corporate governance and internal auditors
Whistle blowing: Kinds of whistle blowing, precluding the need for whistle blowing.