ANDHRA LOYOLA
INSTITUTE OF ENGINEERING AND TECHNOLOGY
Department:
MBA Subject: BUSINESS
ETHICS AND CORPORATE GOVERNANCE Year/Semester: II Year / III Semester
Teacher
: LAVANYA P B Academic Year: 2019-20
Course
Objectives:
|
CO 1 |
To
make the student learn the ethics in work place, ethical decision making and
various theories of ethics. |
|
CO 2 |
The students
will be able to identify the reasons for unethical business practices,
appraise upon various Indian major scams |
|
CO 3 |
To make the students analyze
ethical dimensions in functional areas such as finance, marketing, finance
build ethical functional decisions.
|
|
CO 4 |
To make the student understand
Governance in Indian scenarios, various corporate governance models and
landmarks in Corporate governance. |
|
CO 5 |
To make the student analyze the role
of various agencies such as auditors, Board of Directors and media in
ensuring corporate Governance. |
Course
Outcomes:
Factual
|
§ Students will be able to
understand various terms used in Business Ethics and Corporate Governance.
|
Conceptual
|
§ Students will exhibit a clear
understanding of various concepts, theories, approaches, models of ethics and
governance in business.
|
Procedural
|
§ Students will be able to exhibit
procedural knowledge in applying ethics and governance in workplace and
protect stakeholder’s interest.
|
Applied
|
§ Students will be able to analyze
and evaluate various unethical practices and governance issues and find
solutions.
|
Text book References:
1.
A.C Fernando, “Business Ethics and Corporate Governance”,
Pearson Publishers, new Delhi, 2013
2.
S.K. Mandal “Ethics in Business and Corporate Governance”,
TMH, new Delhi, 2012
3.
Marianne M Jennings “Cases in Business Ethics”, Cengage
Learning, New Delhi, 2012
4.
S. Prabhakaran “Business Ethics and Corporate Governance”
Excel Books, New Delhi, 2011
5.
N. Subramanyam “A Case book on Corporate Governance and
Stewardship”, TMH, New Delhi, 2011
Contents/Activities:
1
|
Factual: Factual knowledge
consist basic information about a particular
subject or discipline that students must be acquainted with. This may include
the terminology and the specific details or elements of a subject
|
·
Meaning of
Business Ethics (Unit-1)
·
Values and
Law (Unit-1)
·
Work place
ethics (Unit-1)
·
Meaning of
ethical decision making (Unit-1)
·
Indian
Capital market (Unit-2)
·
Ethical
attitudes (Unit-2)
·
Scams
(Unit-3)
·
Product
Safety (Unit-3)
·
Pricing
(Unit-3)
·
Advertising
and Target marketing (Unit-3)
·
Product
placement and consumer autonomy (Unit-3)
·
Whistle
blowing (Unit-3)
·
HR
activities (Unit-3)
·
Frauds
(Unit-3)
·
Corporate
Governance (Unit-4)
·
OECD
(Unit-4)
·
SEBI
(Unit-4)
·
Board of
Directors (Unit-5)
·
Auditors
(Unit-5)
·
Media
(Unit-5)
·
Developing
and transition economies (Unit-5)
|
2
|
Conceptual: Conceptual
knowledge consists of knowledge of, or understanding of concepts, principles, theories, models,
classifications, etc. We learn conceptual
knowledge through
reading, viewing, listening, experiencing, or thoughtful, reflective mental
activity.
|
·
Values and
Ethics (Unit-1)
·
Business
Ethics and Law (Unit-1)
·
Ethics in
work place (Unit-1)
·
Theories
of ethics (Unit-1)
·
Management
and ethics (Unit-1)
·
Reasons
for unethical practices in Indian companies (Unit-2)
·
Development
of Indian Capital Market (Unit-2)
·
Various
studies on ethical attitudes of managers (Unit-2)
·
Ethical
responsibility in product (Unit-3)
·
Ethical
responsibility in HR and Finance (Unit-3)
·
Theory and
practice of Corporate Governance (Unit-4)
·
Corporate
Governance models (Unit-4)
·
Good
Corporate Governance (Unit-4)
·
Land marks
in emergence of OECD principles (Unit-4)
·
Sarbanes
Oxley Act (SOX Act) (Unit-4)
·
SEBI
initiatives (Unit-4)
·
Role of
Government in ensuring Governance (Unit-5)
·
Duties and
responsibilities of auditors (Unit-5)
·
Types of
Directors (Unit-5)
·
Types of
meetings (Unit-5)
·
Governance
issues of Directors (Unit-5)
·
Role of
media (Unit-5)
·
Corporate
Governance in developing and transiting nations (Unit-5)
·
Governance
under limited competition (Unit-5)
|
3
|
Procedural: Procedural knowledge is the
knowledge exercised in the performance of some task.
|
·
Ethical
Decision making process (Unit-1)
·
Application
of various ethical theories in decision making (Unit-1)
·
Appraising
ethics in work place (Unit-1)
·
Application
of Indian ethical traditions in business (Unit-1)
·
Identifying
Institutional unethical practices and their solutions with relevant cases
(Unit-2)
·
Appraising
various scams under Indian stock market, capital market scams and major scams
of India (Unit-2)
·
Using
ethical dimensions of functional areas to identify unethical practices and
bring solutions (Unit-3)
·
Building
ethics in institutional culture (Unit-3)
·
Analyzing
Indian model of Governance and compare with other country models (Unit-4)
·
Analyze
role of SEBI in Governance (Unit-4)
·
Study impact
of OECD, SOX acts on Governance (Unit-4)
·
Analyze
various cases of governance failures in implementing Companies Act (Unit-5)
·
Analyze
cases of failure of governance failures of auditors, Board of directors and
media in India (Unit-5)
|
4
|
Applied: Applied knowledge is learning that is used
in various situations and contexts.
|
·
Preparation
of sample work place ethics with the help of existing guidelines (Unit-1)
·
Preparation
of ethical decision making for a given problem or decision making point
(Unit-1)
·
Developing
various principles and procedures to prevent unethical practices among Indian
Capital markets (Unit-2)
·
Conduct
short study on ethical attitudes among employees and managers (Unit-2)
·
Develop
marketing strategies of product safety, pricing, promotion and placement
basing on ethical dimensions (Unit-3)
·
Develop HR
strategies considering HR ethics (Unit-3)
·
Development
of Financial Decisions of companies with ethics (Unit-3)
·
Measuring
bank and Insurance frauds and redressal machinery
·
(Unit-3)
·
Create
governance of a Indian company (Unit-4)
·
Apply
governance mechanism for auditors, board of directors and media (Unit-5)
|
Schedule and Sequence:
Day
|
Topic
|
Objectives
|
Before Class-Videos, e-Books, Case Studies
|
In-Class-Activities, Quiz
|
Post-Class-Assignment, Discussion Forum
|
1
|
Introduction
to Ethics and Business |
·
To make
students know ethics, business ethics, ethics at work place, ethical decision
making, theories of ethics and Indian ethical traditions.
|
TB-1 page numbers 4-7 |
· Ice –breaking
session on ethics · Lecture on Introduction to Ethics and Business |
Discussion Forum |
2
|
Case
study of Satyam Scandal |
TB-1 page end of chapter 1 |
· Discussion on
Satyam case |
Discussion Forum |
|
3
|
Ethics
meaning, definition and importance |
TB-1 page numbers 4-7 |
· Lecture on ethics
meaning, definition and importance |
Discussion Forum |
|
4
|
Business
ethics, importance and functions |
TB-1 page numbers 7-10 |
· Lecture on Business
Ethics, and functions · Paired work on
importance of business ethics |
Discussion Forum |
|
5
|
Ethics
and Values |
TB-1 page numbers 10-12 |
· Lecture on ethics
and values · Discussion on
different types of values and differences between values and ethics |
Give a one page note on your perspective
towards ethics and values |
|
6
|
Ethics
and Law |
TB-1 page numbers 10-12 |
· Lecture on Business
Ethics and Law · Differences between
Business ethics and law |
Discussion Forum |
|
7
|
Ethical
Decision making process |
TB-1 page numbers 13-16 |
· Lecture on ethical
decision making process · Doubts
clarification |
Preparation of ethical decision making for
a selected case |
|
8
|
Theories
of ethics –consequentialist theories |
TB-1 page numbers 30-42 |
· Lecture on
consequentialistic theories of ethics · Cases of
consequentialistic theories application in business |
Discussion
Forum |
|
9
|
Theories
of ethics – Non consequentialist theories |
TB-1 page numbers 30-42 |
· Lecture on
Non-consequentialistic theories of ethics · Cases of
non-consequentialistic theories application in business |
Discussion Forum |
|
10
|
Stock
holder theory |
TB-1 page numbers 30-42 |
· Lecture on Stockholder
theory of ethics · Paired study on
Profit maximization of using stockholder theory of ethics |
Discussion Forum |
|
11
|
Stake
holder theory |
TB-1 page numbers 30-42 |
· Lecture on Stack
holder theory of ethics · Paired study on
Wealth maximization of using stack holder theory of ethics |
Discussion Forum |
|
12
|
Social
contract theory |
TB-1 page numbers30-42 |
· Lecture on
Stockholder theory of ethics · Students view point
presentation on social contract theory |
Discussion Forum |
|
13
|
Ethics
in workplace |
TB-1 page numbers 16-17 |
· Discussion ethics
in work place · Presentation of
students on work place ethics of selected company |
Flipped class – One page report on work
place ethics of one company in given sector |
|
14
|
Management
and ethics |
TB-1 page numbers 17-18 |
· Discussion on relevance
of management and ethics · Lecture on
management and ethics |
Discussion Forum |
|
15
|
Indian
ethical traditions |
TB-1 page numbers 42-46 |
· Lecture on Indian
Ethical traditions |
Discussion Forum |
|
16
|
Indian
ethical traditions |
TB-1 page numbers 42-46 |
· Lecture on Indian
Ethical traditions |
Collection
of company information following Indian ethical traditions |
|
17
|
Indian
mythology of ethics in business |
TB-1 page numbers 42-46 |
· Elicit example from
students on Indian mythology and business ethics |
Discussion Forum |
|
18
|
Gandian
Trusteeship |
TB-1 page numbers 42-46 |
·
Lecture on Gandian Trusteeship in Business ·
Doubts clarification |
Discussion Forum |
|
19
|
UNIT –II: Unethical
practices |
·
To make
the student aware of unethical practices among Indian companies, impact of globalization
on Indian companies, development of Indian capital markets, major Indian
scams and ethical attitudes of managers
|
TB-1 page numbers 101-115 |
· Lecture on
Unethical practices |
Discussion Forum |
20
|
Case
study Café coffee day |
News papers and company website |
·
Discussion on Café Coffee Day case |
Discussion Forum |
|
21
|
Impact
of globalization on Indian business ethics |
TB-1 page numbers 101-115 |
· Students view point
on globalisation · Lecture on Impact
of globalization on Indian Business ethics |
Discussion Forum |
|
22
|
Reasons
for unethical practices- case study |
TB-1 page numbers 372-380 |
· Lecture on reasons
for unethical practices · Case discussion |
Discussion Forum |
|
23
|
Indian
Capital market structure –
presentation |
TB-1 page numbers 368-370 |
· Presentation on
capital market structure by students |
Discussion Forum |
|
24
|
Development
of Indian Capital Market |
TB-1 page numbers 368-370 |
·
Lecture on development of Indian capital market ·
Discussion on Indian capital market and ethical
dilemmas |
Discussion Forum |
|
25
|
Harshad
Metha scam Video |
Video https://www.youtube.com/watch?v=efBZDDItl0U&app=desktop |
· Video on Harshad
Mehta scam · Discussion on video
|
Discussion Forum |
|
26
|
Kethan
Parekh Scam – Video |
Video https://www.youtube.com/watch?v=6cLS6-xIUhI TB-1 page numbers 370-372 |
· Kethan Parekh scam
– Video · Discussion on major
scams in India |
Discussion Forum |
|
27
|
Unit – III: Unethical
practices in Marketing presentation |
·
To make
the student learn ethics in HRM, Marketing and finance practiced at corporate
and reasons for unethical practices in these functional areas and measures
for controlling unethical practices.
|
TB-1 page numbers 398-410 |
·
Students presentation on unethical practices in
marketing with suitable examples ·
Discussion on products and company marketing strategies |
Discussion Forum |
28
|
Unethical
practices in Marketing presentation |
TB-1 page numbers 348-350, 398-410 |
·
Students presentation on unethical practices in
marketing with suitable examples Discussion on products and company
marketing strategies |
Preparation of ethical marketing strategies
|
|
29
|
Banking
Frauds- presentation |
TB-1 page numbers 473-476 |
· Students
presentation on banking frauds · Discussion on major
bank frauds in India |
Discussion Forum |
|
30
|
Unethical
practices in HRM presentation |
TB-1 page numbers 426-439 |
· Students
presentation on unethical HRM practices with relevant cases · Discussion on
unethical practices presented in cases |
Discussion Forum |
|
31
|
Unethical
practices in HRM presentation |
TB-1 page numbers 426-439 |
· Students
presentation on unethical HRM practices with relevant cases
· Discussion
on Whistle blowing
|
Preparation of ethical HR Policy |
|
32
|
Ethical
attitudes of Managers |
TB-1 page numbers 380-387 |
·
Lecture on ethical attitudes of managers |
Short survey on ethical attitudes on
employees and managers |
|
33
|
Unethical
practices in Insurance |
TB-1 page numbers 484-487 |
· Students
presentation on unethical practices among Indian insurance companies · Discussion about
cases |
Discussion Forum |
|
34
|
Various
recent scams and frauds |
News papers |
· Discussion about
various recent scams in India and the reasons |
Discussion Forum |
|
35
|
Various
recent scams and frauds |
News papers |
· Discussion about
various recent scams in India and the reasons |
Preparation of report and presentation on
recent scams in India |
|
36-50
|
Student
Presentations
|
Mid 1 Assessment
|
Preparation
of Mini report by the Student on the given topic |
Minimum
10 Minutes Presentation by each student |
Improvement
of presentation skills basing on faculty recommendations |
51
|
Institutional
culture |
|
TB-1 page numbers 426-439 |
· Lecture on
Institutional culture · Discussion on
building ethical institutional culture |
Discussion Forum |
52
|
Consumer
Autonomy |
TB-1 page numbers 398-410 |
·
Lecture on consumer autonomy ·
Discussion on Consumer Protection Act provisions |
Discussion Forum |
|
53
|
UNIT – IV Corporate
Governance– Introduction |
·
To make
the student learn an overview of corporate governance, theories and
practices, models of corporate governances, land marks in emergence of OECD
principles and Sarbanes Oxley Act and SEBI initiatives.
|
TB-1 page numbers 150-153 |
·
Lecture on Corporate Governance introduction ·
Paired work on difference between ethics and governance |
Discussion Forum |
54
|
Principles
of Corporate Governance |
TB-1 page numbers 150-153 |
·
Lecture on principles of Corporate Governance ·
Doubts clarification |
Discussion Forum |
|
55
|
Need
and importance of Corporate Governance |
TB-1 page numbers 150-153 |
·
Lecture on need for Corporate Governance ·
Discussion about importance of Corporate Governance |
Discussion Forum |
|
56
|
Theory
and Practice of Corporate Governance |
TB-1 page numbers 154-162 |
·
Lecture on theory and practice of Corporate Governance |
Discussion Forum |
|
57
|
Theory
and Practice of Corporate Governance in India |
TB-1 page numbers 154-162 |
· Lecture on theory
and practice of Corporate Governance |
Discussion Forum |
|
58
|
Corporate
Governance Model – Anglo Saxon |
TB-1 page numbers 154-162 |
· Lecture on Anglo
Saxon model of Corporate Governance |
Discussion Forum |
|
59
|
Corporate
Governance Model – German and Japan |
TB-1 page numbers 154-162 |
· Lecture on German
and Japan models of corporate governance · Differences between
American, German and Japan models by students |
Discussion Forum |
|
60
|
Indian
model of Corporate Governance |
TB-1 page numbers 163-164 |
· Lecture on Indian
Model of Corporate Governance · Quiz on Indian
model |
Discussion Forum |
|
61
|
Good
corporate governance |
TB-1 page numbers 150-153 |
· Lecture on Good
Corporate Governance · Discussion on
principles of good corporate governance |
Discussion Forum |
|
62
|
Landmarks
in emergence of OECD principles |
TB-1 page numbers 154-167 |
·
Lecture on landmarks in emergence of OECD principles |
Self study on OECD |
|
63
|
Sarbanes
Oxley Act |
TB-1 page numbers 154-167 |
·
Lecture on Sarbanes Oxley Act ·
Open book exam on Sarbanes Oxley act highlights |
Discussion Forum |
|
64
|
SEBI
initiatives in Corporate Governance |
TB-1 page numbers 204-206 Website: https://www.sebi.gov.in/media/press-releases/jun-2017/formation-of-committee-on-corporate-governance_35013.html |
·
Lecture on SEBI initiatives on corporate governance ·
Doubts clarification about role of SEBI in Corporate
Governance |
Detailed self study SEBI initiatives from
website |
|
65
|
Kumara
Mangalam Birla Committee on Corporate Governance |
TB-1 page numbers 198-200 |
·
Lecture on Kumara Mangalam Birla Committee report on
Corporate Governance ·
Discussion on contributions of KMB report |
Discussion Forum |
|
66
|
Naresh
Chandra and Narayana Murthy committees on Corporate Governance |
TB-1 page numbers 200-201 Website:
https://www.sebi.gov.in/reports/reports/mar-2003/the-report-of-shri-n-r-narayana-murthy-committee-on-corporate-governance-for-public-comments-_12986.html |
· Lecture on Naresh Chandra and Narayana Murthy
committees on Corporate Governance · Discussion Infosys practices before commencement
corporate governance recommendation in Narayana Murthy committee report- a
model |
Discussion Forum |
|
67
|
J
J Irani Committee on Corporate Governance |
TB-1 page numbers 202-203 |
· Lecture on J J Irani committee report on corporate
governance · Comparison of various committees in India and abroad |
Discussion Forum |
|
68
|
UNIT – V Corporate
Governance in Indian Scenario |
·
To make the
student know Corporate governance in Indian scenario, role of Indian
government in ensuring Corporate governance, governance issues of BOD and
Auditors, governance under limited competition, role of media, Corporate
governance in developing and transiting economies.
|
TB-1 page numbers 198 |
·
Lecture on Corporate Governance in Indian Scenario ·
Discussion about Corporate Governance failure cases |
Discussion Forum |
69
|
Role
of Government in Corporate Governance |
TB-1 page numbers 171-198, 350-351 |
·
Lecture on role of Government in Corporate Governance ·
Doubts clarification |
Self study on various government agencies
roles and responsibilities in developing and sustaining corporate governance
in India |
|
70
|
Role
of media in Corporate Governance |
TB-1 page numbers 345-348 |
·
Lecture on role of media in Corporate governance in
India ·
Debate on present position of media failure in
corporate governance |
Discussion Forum |
|
71
|
Corporate
Governance in developing and transiting economies |
TB-1 page numbers 159-162 |
·
Lecture on Corporate governance in developing and
transiting economies ·
Case discussion of India as an example |
Discussion Forum |
|
72
|
Board
of Directors –types, powers and responsibilities |
TB-1 page numbers 344-345 Website: http://www.mca.gov.in/MinistryV2/tca.html |
·
Lecture on Board of directors role in Corporate
governance ·
Discussion on Types, powers |
Present one page report on BOD success/
failure in Corporate governance in India with relevant example |
|
73
|
Board
of Directors –responsibilities |
TB-1 page numbers 344-345 |
·
Discussion on companies act, 2013 regarding Board of
Directors |
Discussion Forum |
|
74
|
Auditors-
Role, disqualification, |
TB-1 page numbers 337-340 TB-1 page numbers 344-345 Website: http://www.mca.gov.in/MinistryV2/tca.html |
·
Lecture on Auditors role, qualifications and
disqualifications in India |
Discussion Forum |
|
75
|
Duties
and Responsibilities of Auditors |
TB-1 page numbers 337-340 |
· Discussion on
duties and responsibilities of auditors and provisions of Companies Act and
various committee recommendations |
Present report on auditor failures in
maintaining corporate governance in India with relevant case |
|
76
|
Governance
under limited competition |
TB-1 page numbers 159-162 |
·
Lecture on governance under limited competition ·
Doubts clarification |
Discussion Forum |
|
77-91
|
Student
Presentations
|
Mid 2 Assessment
|
Preparation
of Mini report by the Student on the given topic |
Minimum
10 Minutes Presentation by each student |
Improvement
of presentation skills basing on faculty recommendations |
Evaluation:
·
Mini Report: 10 Marks for Mid 1 & Mid 2 Separately
(Write your assignments, case analysis and mini project on A4 papers and submit
the report)
·
Presentation: 10
·
Marks for Mid 1 & Mid 2 Separately (You should
present case analysis and mini projects
done during the mid)
·
Descriptive Exam: 20 Marks for Mid 1 & Mid 2 Separately
·
Total Mid marks 20 Marks: Average of Mid 1 & Mid
2
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