Corporate Governance, Ethics and Corporate Social Responsibility

Course Objective: The purpose of this course is to familiarize the students with the knowledge of corporate governance practices, ethics and corporate social responsibility.
It also aims to develop an awareness of the ethical issues related to business and to give the participants the basic understanding of the relevance of Corporate Social Responsibility in success of business.
UNIT-I
Conceptual Framework of Corporate Governance: History of Corporate form and models, Corporate Objectives and goals, Ownership pattern – Issues in managing public limited firms – Agency problems. Global Corporate Governance models, Anglo
American and Relationship model (Germany, Japan and France). Cadbury Report, Hampel Report and OECD Committee Recommendations – SOX Act. The Concept of Whistle-Blowing; Types of Whistle-blowers.
UNIT-II
Developments in Corporate Governance in India: CII, Kumaramangalam, Narayanamoorthy, Naresh Chandra, JJ Irani Committee reports – Legal and Regulatory Changes. Introduction to Business Ethics: Definition and Nature of Ethics; Ethical Issues
in Business; Causes of unethical behaviour; Ethics and Morality; Ethics and the Law; Ethical Theories; Ethical Dilemma, Solving ethical dilemma, Code of ethics.
UNIT-III
Ethics in Environmental Aspects, Ethics in Marketing, Ethics in Human Resources management, Ethical issues at the top management, Ethics in financial markets and investor protection – Ethical responsibility towards competitors and business partners.
Managerial integrity and decision making. Ethical Leadership. Ethics in Global Business.
UNIT-IV
Corporate Social Responsibility, The Nature of Social Responsibility; CSR through triple bottom line; CSR and business ethics; CSR and corporate governance;environmental aspect of CSR; CSR models; drivers of CSR; global reporting initiatives; major codes on CSR; CSR initiatives in India.