Business Ethics & Corporate Governance

Paper Code: 
MTM 226
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 
  1. Understand ethical issues in business and the role of Corporate Governance practices in maintaining transparency in business transactions.
  2. Understand the importance of commitment to values and ethical conduct of business.

 

Course Outcomes:

Course

Course outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

MTM 226

Business Ethics & Corporate Governance

CO 84Analyze and evaluate importance of ethics and corporate governance in the day-to-day working of organizations ·

CO 85Develop and evaluate a framework for effective corporate governance by understanding the role and responsibility of different stakeholders.

CO 86Explain the scope of business ethics in Compliance, finance, Human resources, marketing, and production.

CO 87Examine the importance of ethics and corporate governance in the day-to-day working of organizations.

CO 88Analyze and evaluate the issues involved in maintaining ethics/ corporate governance and how to deal with such situations.

CO 89Analyze various Indian and Global scenarios associated with business ethics and corporate governance.

Approach in teaching:

Interactive Hours, 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, Theories of Business Ethics, Importance and need of ethics in business, Globalisation and Business Ethics.
Values – Importance, Sources of Value Systems, Types, Values across Cultures, Difference between values and ethics.

12.00
Unit II: 

Ethical Decision Making in Business: Concept, Influences on Ethical Decision Making, Process of Ethical Decision Making, Kohlberg’s Model of Cognitive Moral Development.
Ethical Dilemmas: Sources of Ethical Problems, Resolutions, Whistle Blowing, 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, Need for Corporate Governance, Elements of Good Corporate Governance, Potential Consequence of poor CG, Sarbanes Oxley Act of 2002
Corporate Governance in India: Evolution, Recommendations of Narayan Murthy Committees, Future Prospects

12.00
Unit V: 

Strengthening Corporate Governance: Role and composition of the board, Selection and Appointment of Directors – Duties of the Directors – Powers of the Board – Duties of Independent Directors for better board effectiveness, Other Good Practices to enhance board effectiveness
Corporate Social Responsibility (CSR): Introduction to CSR, Advantages and Scope, Evolution of CSR in India.

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: 
2023-2024
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