MI4804 Business Ethics and Corporate Governance Syllabus:
MI4804 Business Ethics and Corporate Governance Syllabus – Anna University PG Syllabus Regulation 2021
COURSE OBJECTIVE :
To provide an understanding on ethical practices in business and corporate governance
UNIT I INTRODUCTION
Definition & nature Business ethics, Characteristics, Ethical theories; Causes of unethical behavior; Ethical abuses; Work ethics; Code of conduct; Public good.
UNIT II ETHICS THEORY AND BEYOND
Management of Ethics – Ethics analysis [ Hosmer model ]; Ethical dilemma; Ethics in practice – ethics for managers; Role and function of ethical managers- Comparative ethical behaviour of managers; Code of ethics; Competitiveness, organizational size, profitability and ethics; Cost of ethics in Corporate ethics evaluation. Business and ecological / environmental issues in the Indian context and case studies.
UNIT III LEGAL ASPECTS OF ETHICS
Political – legal environment; Provisions of the Indian constitution pertaining to Business; Political setup – major characteristics and their implications for business; Prominent features of MRTP & FERA. Social – cultural environment and their impact on business operations, Salient features of Indian culture and values. with lessons learnt.
UNIT IV CORPORATE GOVERNANCE
Understanding Corporate Governance: Corporate governance – an overview, History of corporate governance-Concept of corporations • Concept of extended view of corporate citizenship, Owners and stakeholders, Types of owners, Rights and privileges of shareholders (Fernando, 4),Ownership structures and corporate governance- Pyramids and Tunneling: • Issues of corporate control and cash flow rights • Examples from restructure proposals of Vedanta group • Need for investor protection
UNIT V THEORIES AND PRACTICE OF CORPORATE GOVERNANCE
Concepts of Corporate Governance-Theory & practices of corporate governance, corporate governance mechanism and overview – land marks in emergence of corporate governance. Perspectives on Corporate Governance-Market and control model of governance chain- Global Corporate Governance Practices – Anglo-American Model – German Model – Japanese Model – Landmarks in Emergence of Corporate Governance- Board of Directors: Powerful Instrument of Governance – Types of Directors – Importance of Independent Directors
COURSE OUTCOME:
To be equipped with knowledge on ethical issues and corporate governance.
REFERENCES :
1. W.H. Shaw, Business Ethics, Cengage Learning, 2017.
2. S.A. Sherlekar, Ethics in Management, Himalaya Publishing House, 2009.
3. Robert A.G. Monks and Nell Minow, Corporate governance, John Wiley and Sons, 2011.
4. Mandal, S.K Ethics in Business and Corporate Governance, 2/e; New Delhi: McGraw Hill Education.