Business Ethics & Corporate Governance

Module No.

Modules / Sub-Modules

No. of Sessions

70 Marks  (External Evaluation

I

Introduction to Business Ethics:

• Nature of Ethics
• Ethical Concepts and Theories
• Morals and Values
• Importance and Need of Ethics in Business
• Distinction Between Values and Ethics
• Kohlberg’s Six Stages of Moral Development (CMD)

10

17

II

Managerial Ethics:

• Categories of Management Morality
• Ethical Problems-Dilemma at Work-Sources and Resolutions
• Overview of Creative Accounting-Its Role in Business Scandals
• Corporate Ethical Leadership
• Whistle Blowing.

10

18

III

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 & Ganguly Committees

10

18

IV

Strengthening Corporate Governance:

Key Issues in CG:

• 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

10

17

V

Practical:

The Students May be Given a Term Paper Either Individually or in Group of 2 to 3 Students on Topic Like:

• Study of the CSR Activities of Corporates
• Important Religious Tenets (Any One of Them) and Their Implication for Social and Spiritual Enhancement.
• Significance of Values Contained in Scriptures like Ramayana, Mahabharata, Bible, Quran, etc., For Social and Spiritual Welfare.
• Important Values Prescribed by Historical Leaders ofIndia, viz. Chanakya, Kautilya, Akbar, Maharana

Pratap, Mahatma Gandhi, Mother Teressa, etc., and Their Significance in Guiding Human Behaviour.

• Relevant Values as Practiced by Corporate / Business Leaders and Their Role inEmpireBuilding.
• The Students May Also be Asked to Conduct the Survey of 3 to 4 Organizations to Study the Ethical Practices Pursued by Them and the Way Ethical Dilemmas ,if Any, are Resolved and Also the System of Corporate Governance in Those Organizations

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(30 marks CEC)