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BUSINESS ETHICS AND CORPORATE GOVERNANCE

OBJECTIVE: To enable students to critically examine ethical dilemmas and


to understand the importance of governance mechanisms in a globalized
economy.

Module 1 AN OVERVIEW OF BUSINESS ETHICS 10 hrs


Definition and Nature of Business ethics, Need and benefit of business
ethics, History of the development of business ethics, Arguments for and
against business ethics, Economic issues, Competitive issues, Legal and
Regulatory Philanthropic issues, Framework for ethical decision making –
Individual factors, organizational factors, Corporate Governance — a
dimension of ethical making.

Module 2 INDIVIDUAL & ORGANISATIONAL FACTORS 10 hrs


Moral philosophy — definition and different perspectives, Teleology and
Deontology,
The relativist perspective, Virtue ethics, Justice and Fairness, The of care,
Integration of the various perspectives, Cognitive moral development,
Moral reasoning, The role of Corporate Culture and Leadership, structure
and business ethics, Interpersonal relationships in organization, The role
of opportunity and conflict.

Module 3 EXTERNAL CONTEXT 10 hrs


Ecology: The dimensions of pollution and resource depletion, the ethics
of control, the ethics of conserving delectable resources. Consumers:
-Markets and consumer
Protection, The due care theory, the social costs view of duties,
Advertising Ethics,
Consumer Privacy.

Module 4 INTERNAL CONTEXT — EMPLOYEE 10 hrs


Job discrimination — its nature and extent, Discrimination — utility, rights
and justice, Affirmative action, Gender issues, The employee’s obligation
to the firm, Thee firms duties to the employees, The employee Rights,
Need for organizational ethics program, Code of Conduct Ethics training
and communication, systems to Monitor and enforce ethical standards,
The ethics audit.

Module 5 BUSINESS ETHICS IN A GLOBAL ECONOMY 10 hrs


Ethical perceptions and international business, Global values, the
multinational corporation and various ethical issues, cross cultural, cross
religion & cross racial issues.

Module 6 CORPORATE GOVERNANCE 10 hrs


Meaning, Accountability issues, current context of CG in India, Board
objectives and strategies, role of independent directors, board structure,
performance evaluation of board, training and development of directors.
Accounting standards & accounting disclosures.
REFERENCE BOOKS:
1. Hartman, Laura P; Perspectives In Business Ethics; McGraw-Hill
2. C.V. Baxi, Corporate Governance, Excel Books.
3. O C Ferrell-Business ethics-Biztantra.
4. P.S.Bajaj, Raj Agarawal:-Business Ethics Biztrantra
5. Steiner and Steiner; Government and Society; McGraw-Hill.