Corporate Governance and Business Ethics

Paper Code: 
EMP 521
Credits: 
04
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course aims at helping students think about some of the important ethical Implications of the day-to-day happenings and practices of Indian industry and business. It is designed to stimulate discussion and debate rather than to formulate principles, and to raise further questions rather than to dictate answers. The following objectives are underlined: To improve ethical reasoning by correlating moral concepts to business practices - clarification of the values that determine managerial behaviour. To understand Indian Ethos & Values is an important feature of this paper.

12.00
Unit I: 

Corporate Governance An Overview
Management of corporate governance, duties, responsibilities, attributes and liabilities of corporate board, models of corporate governance, recent development in corporate governance, corporate governance in India – corporate governance reforms, corporate governance standards and practices in Indian industries.
 

12.00
Unit II: 

Business Ethics
Nature, scope and purpose of ethics; Relevance of values; Importance of Ethics & moral standards; Ethics & Moral Decision Making, Corporate Social Responsibility
 

12.00
Unit III: 

Ethical Issues
Related with Advertisements, Finance, Investment, Technology; Secular versus Spiritual Values in Management; Work ethics, concept of Swadhram.
 

12.00
Unit IV: 

Gandhian approach in Management and Relevance of Bhagvad Gita in Management
Gandhiji’s doctrine of Satya & Ahinsa, Concept, importance, Doctrine of Karma i..e Nishkama Karmayoga, Guna Theory (SRT i.e. Sat, Raj & Tam Model), Theory of Sanskaras, Bhagvad Gita & Self Management.
 

12.00
Unit V: 

Indian Ethos
Need, purpose & relevance of Indian Ethos; Salient features (Brain Stilling, Total Quality Mind, Intuition, Intellectual rational brain V/s Holistic-Spiritual Brain, Holistic Approach for Managers in Decision Making)
 

References: 
  1. Harold Koontz & Heinz Weihrich “Essentials of Management”, Tata McGraw-Hill, Eighth Edition.
  2. Joseph L Massie “Essentials of Management”, Prentice Hall of India, Fourth Edition, 2003.
  3. Terry and Franklin, Principles of Management, AITBS Publishers & Distributors, Delhi, Eighth Edition.
  4. James AF Stoner, R.Edward Freeman, Daniel R. Gilbert, “Management”, Prentice Hall International, Sixth Edition.  

Suggested Readings:

 

  1. Peter Ferdinand Drucker, Management-Tasks, Responsibilities & Practices, Transaction Publishers, 2007.
  2. Harold Koontz, Heinz Weihrich, “Management”, McGraw Hill International Editions, Ninth Edition.
  3. PC Tripathy and PN Reddy, “Principles of Management”, Tata McGraw-Hill, 2008.
  4. Peter Ferdinand Drucker, The Practice of Management, HarperCollins Publishers.
  5. John R. Schermerhorn, Jr., “Management” John Wiley and Sons, Inc., Sixth Edition.