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Business Ethics

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Business Ethics & Corporate Governance

Course Objectives:

COB 1: To acquaint students with to the ethical dimensions of business decisions


COB 2: To facilitate students understanding of various ethical theories.
COB 3: To develop an understanding of corporate social responsibility
COB 4: To familiarize students with the concept of corporate governance in order to equip
students to frame and institutionalize ethical business strategies.
Course Outcomes:

At the end of the Course, Students will be able to:

CO 1: Interpret and understand nature of ethics and ethical decision making.

CO 2: Critically analyze ethical theories and their relevance to contemporary times.

CO 3: Understand nature of corporation and importance of Corporate Social Responsibility.

CO 4: Describe process and efficacy of corporate governance with special reference to India.

UNIT-I
Nature and Significance of Business Ethics; Ethical Dilemmas, Personal Ethics, Morality, Religion,
Etiquette, Law, Economics, Management, Professional Code; Moral and Non-moral Standards; Ethical
Relativism; Moral Development and Moral Reasoning; Ethical Decision Making Model; Globalization
and Business ethics- Eastern Values and western Business systems,

UNIT-II
Business Ethical Principles – Role and Types of Ethical Theories- Teleological, Deontological and
Virtue; Kant’s Ethics, Rights and Duties, Ethics of care; Virtue Ethics; Ethical Dimensions of Marketing,
Human Resource, Production and Financial Decisions; Environmental Protection;

UNIT-III
Corporate Social Responsibility- Nature of Corporations; Corporation as Morally Responsible Agent;
Nature and significance of Corporate Social Responsibility, Social Responsiveness and Social
Performance; Corporate Philanthropy; Corporate Citizenship; Social Responsibility Model; Free Market
Theory and Profit Maximization; Shareholders Theory, Stakeholders Theory, Social Contracts Theory;

UNIT-IV
Corporate Governance: Nature and Significance; Property Rights and Social Institution Theory, Agency
Theory; Corporate Governance Models; Corporate Governance Failure; Corporate Scam; Whistle
Blowing; Indian Corporate Governance; Role of Board of Directors, Auditors, and Shareholders;,
Corporate Ethics Programme; Social Audit; Corporate Performance-Balanced Score Card, Triple Bottom
Line.

Note: Practical work, Case Studies& other assignments will be provided by the concerned faculty in the
class.

Suggested Readings:
1. Manuel G Velasquez: Business Ethics, Pearson
2. John R Boatright: Ethics and the Conduct of Business, Pearson.
3. Willaim H Shaw: Business Ethics, Thomson.
4. Andrew Crane & Dirk Matten: Business Ethics, Oxford
5. Daniel Albuquerque: Business Ethics, Oxford
6. Thomas Clarke: International Corporate Governance, Routledge

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