Business Ethics & Corporate Governance

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

Course Objectives:

This course will enable the students to –

  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 421

Business Ethics & Corporate Governance

CO 126Describe the importance of ethics and corporate governance in the day-to-day working of organizations ·

CO 127Create a framework for effective corporate governance by understanding the role and responsibility of different stakeholders.

CO 128Explain the scope of business ethics in Compliance, finance, Human resources, marketing, and production.

CO 129Identify the importance of ethics and corporate governance in the day-to-day working of organizations.

CO 130Discuss the issues involved in maintaining ethics/ corporate governance and how to deal with such situations.

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: 
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.

10.00
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

14.00
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.

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

14.00
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

Essential Readings: 

Books Recommended:

  • 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: 
2020-2021
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