Corporate Governance, Ethics and Corporate Social Responsibility
Subject Overview
This paper familiarizes students with corporate governance practices, business ethics and CSR — the conceptual framework of governance and global models, Indian committee reports on governance reform, business ethics across functional areas (marketing, HR, finance), and CSR through the triple bottom line, models and reporting initiatives. A 4-credit core theory paper.
Unit-wise Syllabus
4 units — click WhatsApp below to get the full notes for each
Unit 1: Conceptual framework of corporate governance
History of corporate form and models, corporate objectives and ownership patterns, agency problems, global governance models (Anglo-American, German/Japanese/French relationship models), Cadbury Report, Hampel Report, OECD recommendations, SOX Act, whistle-blowing
Unit 2: Governance reform and business ethics
Indian governance developments — CII, Kumaramangalam Birla, Narayana Murthy, Naresh Chandra and JJ Irani committee reports, legal and regulatory changes, definition and nature of ethics, causes of unethical behaviour, ethics vs morality vs law, ethical theories, ethical dilemmas, code of ethics
Unit 3: Ethics across business functions
Ethics in environmental aspects, marketing, human resource management, top management, financial markets and investor protection, ethical responsibility toward competitors and partners, managerial integrity, ethical leadership, ethics in global business
Unit 4: Corporate Social Responsibility
Nature of social responsibility, CSR through the triple bottom line, CSR and business ethics, CSR and corporate governance, environmental aspects of CSR, CSR models, drivers of CSR, global reporting initiatives, major CSR codes, CSR initiatives in India