Business Ethics & Corporate Governance

Program Class of Semester : MBA : 2014 : IV Course Code Sessions Credits : : : SL GM 602 30 3

Course Objective To help students understand the nature of Business Ethics and issues in Corporate Governance and application of these very important aspects to the contemporary Indian scene TEXT BOOK Business Ethics & Corporate Governance AUTHOR / PUBLICATION A.C. Fernando, Pearson Education 2nd edition

REFERENCE BOOKS 1.Business Ethics: Concepts and Cases 2. Corporate Governance

AUTHOR / PUBLICATION 1.Manuel G. Velasquez, Pearson Education, 7th edition 2.Erik Banks, Macmillan, 2004

Session Plan Session No. 1 2 Introduction to Business Ethics Introduction to Business Ethics Ethical frameworks 1.Ethical Frameworks for Management (HBS: 9 384 105) Same as above 2. On Weldons watch: recalls at Johnson & Johnson (HBS: 9 311 029) Chapter 2. Ethical Principles in Business In Business Ethics: Concepts and Cases by M. G. Velasquez Same as above Chapter 4. Ethics in Marketplace Business Ethics: Concepts and Cases by M.G. Velasquez Topic Concepts Covered Introduction Case title along with ref no. Reading material

3 4

Introduction to Business Ethics Typical problems in Business Ethics

Ethical frameworks Marketing ethics

Typical problems in Business Ethics

Ethics in Operations

3. Martha McCaskey (HBS 9 403 114)

Same as above

Typical problems in Business Ethics

Ethics & HR

4.Hitting the Wall: Nike & International Labour Practices (HBS 9 700 047) 5. Hollywood in India (A) (HBS 9 711 017)

Same as above

Typical problems in Business Ethics

Intellectual Property Issues

Same as above

Typical problems in Business Ethics

Ethics & business

Video Clip from the documentary The Corporation Three small videos related to Vedantas Niyamgiri project 6.State Grid: Corporate Social Responsibility (HBS 9 410 141) Karmayogs Rating of CSR activities of Indian firms 7.Royal Dutch Shell in Nigeria (A) (HBS 9 399 126) 8. Exit Strategy (HBS N9 311 075) Clipping from the Hindi movie Corporate

Same as above

Typical problems in Business Ethics

Ethics, Business & Society CSR

Same as above

10

Corporate Social Responsibility

11

Corporate Social Responsibility

CSR Ratings

Study of website www.karmayog.com and ISO 26000 (from ISO website)

12

Complexity of Ethical issues

Role of business in society Individual vs. client and Organisation conflicts Ethical dilemma

Ethical Dilemma: Managerial View In MBA Review Jan 2007

13

Complexity of Ethical issues

Same as above

14

Complexity of Ethical issues

Same as above

15

Ethical leadership

Ethics & leaders

9. Hewlett Packard company : CEO succession in 2010 (HBS 9 411 056)

Role of Ethics in Leadership: Leading by Setting Examples in Effective Executive July 2005

16

CG: History of Corporate form & models

Rationale for Corporate Governance

10.Mergers & Acquisitions: legal context: basic framework for Corporate Governance (HBS 9 803 200)

Agency Theory and Managerial Rewards: Effective Executive March 2003

17

CG: History of Corporate form & models

Basic models

11. Note on Corporate Governance Systems: US, Japan & Germany (HBS 9 292 012) 12.Action Aid International (HBS 9 311 004)

Same as above

18

Corporate Governance: History of Corp. form & models Nature & Evolution of Corporate Governance

CG in practice

Same as above

19

CG, restructuring and responsibilitie s to stakeholders Improving board performance

13. Marriott Corporation (A) (HBS 9 394 085)

Chapter 1: Governance Redefined in the book titled Corporate Governance by Erik Banks

20

Nature & Evolution of Corporate Governance

14.Measuring & improving performance of corporate boards using Balanced Scorecard (HBS B 0303 D) 15.The future of Corporate Governance (HBS BEP 029)

Same as above

21

Nature & Evolution of Corporate Governance

The road ahead

Same as above

22

Internal CG mechanisms

Managerial responsibility

16. A letter from prison (HBS 9 110 045)

23

Internal CG mechanisms

Processes & changes to prevent frauds

17.Accounting fraud at Worldcom (HBS 9 104 071)

24

Internal CG mechanisms

Internal decision making & oversight

18. Wisconsin Central Ltd. Railroad & Berkshire Partners (A) (HBS 9 190 062)

25

External CG mechanisms

Role of investors and the media

19.UAL Corporation (HBS 9 295 130)

Chapter 3: External Governance Mechanisms in the book titled Corporate Governance by Erik Banks Same as above

26

External CG mechanisms

Steps taken institutionally to improve CG

20.Corporate reforms in the USA (HBS 9 304 091) 21. International Accounting Standards Board (IASB) at a crossroads (HSB 9 111 084)

27

External CG mechanisms

Challenges in standardising across countries

Same as above

28

CG Ratings

Corporate Governance Ratings: Saviour of the Stakeholders? ICFAI Reader July 2004

29

CG in India

An example of a proactive Indian company

22. Special Economic Zones in India: Public Purpose & Private Property (A) (HBS 9 709 027) 23. Aadhaar: Indias Unique Identification System (HBS 9 712 412)

Same as above

30

CG in India

CG in practice in India

EVALUATION # Component 1 Class Participation 2 End Term Exam 3 Group presentation 4 Individual assignment Total Weightage 30% - 3 instalments of 10% each 40% 20% 10% 100%