Course Details
Subject {L-T-P / C} : SM6642 : Business Ethics and Corporate Governance { 3-0-0 / 3}
Subject Nature : Theory
Coordinator : Dr. Manvendra Pratap Singh
Syllabus
Unit 1:
Conceptual Framework of Corporate Governance: Meaning, Theories of Corporate Governance, Models of Corporate Governance, Insider Trading, Rating Agencies and Whistle Blowing, Corporate Governance Reforms Initiatives in India.
Indian Model of Corporate Governance: Director, Board Role and Responsibilities, Regulatory Framework of Corporate Governance in India, SEBI Norms based on KM Birla Committee, Corporate Governance in Public Sector Undertakings, Board Committees Types and their Functions.
Unit 2: Codes and Standards on Corporate Governance:
OECD Principles of Corporate Governance, 1999, CACG Guidelines/Principles for Corporate Governance in Commonwealth, 1999, Calpers Global Corporate Governance Principles (USA), 1996,
Combined Code of Best Practices (London Stock Exchange), 1998, Principles of Good Governance and Code of Best Practice (UK), 2000.
Unit 3: Public Policies and Corporate Ethics:
The Corporation and Public Policy, The Role of Public Policies in Governing Business, Government and Public Policy, Business Policy Classification, Areas and Need, Ethics and Business (Indian and International), Sources of Ethical Knowledge for Business, Ethics in Business Disciplines, Roots of Unethical Behaviour, Ethical Organizations and Decision Making.
Unit 4: Corporate Social Responsibility (CSR) and sustainability standards:
CSR Principles and Strategies, Models of CSR, CSR Indian and International Perspective (Case Studies), Major Failures in Corporate Governance Indian and International Context.
Sustainability standards: GRI standards, Climate disclosure standards (CDP), Integrated reporting standards (IR), Sustainability Accounting Standards Board (SASB).
Course Objectives
- The course provides a conceptual and theoretical understanding of ethical corporate governance and helps the students gain insight into and awareness of ethical behaviour in the business environment.
- It will also aid in determining the ethical dilemmas in common business situations, recognizing and finding ways to resolve in order to enhance the corporate performance.
- To understand the importance of corporate social responsibility and sustainability requirements for sustainable business.
Course Outcomes
The course provides a conceptual and theoretical understanding of ethical corporate governance and helps the students gain insight into and awareness of ethical behaviour in corporate. It will also aid in to determine the ethical dilemmas in common business situations, to recognize them, and to find ways to resolve in order to enhance the corporate performance.
Essential Reading
- Fernando, A. C., Business Ethics and corporate governance., Pearson Education
- Velasuez, M. G., Business Ethics: Concepts and Cases (7thed.)., PHI Learning.
Supplementary Reading
- Gosh, B. N., Business Ethics and Corporate Governance., Tata McGraw Hill.
- Soloman, J., Corporate Governance and Accountability (3rd ed.)., John Wiley and Sons.