Business Ethics and Corporate Governance (I)

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TYBBI — SEMESTER – V

Author: Chandra Hariharan Iyer

FOURTH REVISED EDITION

Categories: BBI, Elective, Semester - V, T. Y. BBI

Description

Description

SYLLABUS

Unit	Topics
1	Introduction to Business Ethics:
	Definition, Meaning, Nature of Ethics. Meaning of Moral and Ethics. Types of Ethics, Importance of Ethics. Business Ethics, Meaning and Nature. Importance of Ethics in Business. Areas of Business Ethics, Meaning of Functional Ethics, Types of Ethics According to Functions of Business: Marketing Ethics, Foreign Trade Ethics and Ethics Relating to Copyright. Marketing: Characteristics of Free and Perfect Competitive Market.
2	Application of Ethical theories in Business:
	Ethical Decision Making: Decision Making (Normal Dilemmas And Problems): (I) Utilitarianism (J. Bentham And J. S. Mill), (II) Deontology (I. Kant) Virtue Ethics. (Aristotle). Gandhain Approach In Management And Trusteeship, Importance And Relevance of Trusteeship Principle in Modern Business. Ethical Issues in Functional Areas if Business. Ethics in Advertising (Truth In Advertising). Ethical Issues in Finance.
3	Introduction to Corporate Governance:
	Definition, Balance-frame work. Business Ethics – an important dimension to Corporate Governance, Fair and Unfair Business Practices. Theoretical Basis of Corporate Governance, Mechanism- Corporate Governance Systems, Indian Model of Governance, Good Corporate Governance, Obligations Towards Society and Stake holders. Theories underlying Corporate Governance (Stake holder’s theory and Stewardship theory, Agency theory, Separation of ownership and Control, Corporate Governance Mechanism: Process, Indian Model, OECD, and Emphasis on Corporate Governance, (Transparency Accountability and Empowerment).
4	Genesis and Implementation of Corporate Governance in India:
	Introduction principles – Arthashastra and Good Governance in ancient India, Protection of Interest of Customer and Investors, Historical perspective of Corporate Governance and Issues in Corporate Governance. Values: Meaning, Types Teaching from Scriptures Like Gita, Quran, Bible Value Systems in Business. Implementation of Corporate Governance: Role of Board of Directors and Board Structure, Role of the Non‐ executive Director, Role of Auditors, SEBI Growth of Corporate Governance. Role of Government, Corporate Governance in India. Accounting Standards and Accounting disclosures. Finance Reporting and Corporate Governance, Non Accounting Regulations in Corporate Governance, Corporate Governance & CSR, Family Owned Business, Background, Family Businesses in India, Need for Professionalization and Transparency in Family Business.
5	Global Scenario:
	Business Ethics in Global Economy: Ethics in the Context of Global Economy, Relationship Between Business. Ethics & Business Development, Role of Business Ethics in Building a Civilized Society. Corporate Governance and Issues Related to Scams: Corruption: Meaning, Causes, Effects. Frauds and Scams in Banks, Insurance Companies, Financial Institutions, Measures to Overcome Fraud and Corruption, Zero Tolerance of Corruption.