COURSE TEMPLATE v0.

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Prepared by Joanna Mankad
1. INFORMATION Reviewed by
Administrative information about the course Approved by
1 COURSE CODE GMGT 605
TITLE Business Ethics and Corporate
2 Governance
3 CREDITS 2
4 LEVEL 600
5 PROGRAM Postgraduate
6 DEPARTMENT
7 AREA
8 LECTURE:TUTORIAL:PRACTICAL (L+T+P 30 hrs
9 =CREDITS)
PRE-REQUISITES
10 OTHER INFORMATION
11 Approved?
12 Approval Link

2. DESCRIPTION
Description The course aims to develop in the student a clear perspective on the role and responsibilities
of business in society. It helps the student understand the role of Corpporate Governance. It
also dwells on Corporate Governance frameworks and their relevance to contemporary
business environment. This course also helps students understand Business Ethics within the
frameworks of the Corporate Governance which is an important element of the governance.
This course will help identify key issues and ethical aspects that are faced by Businesses.

3. OBJECTIVES OF THE COURSE

This section describes the intention of instruction and what faculty members want to covered in the course.
Sl.No Course Objectives
The learning approach will involve a combination of taught classes, group presentation,
discussion and self study. The key issues will be introduced in the lecture programme.
The conceptual elements are reinforced by the use of self studies and classroom
discussion. Students on the course are also required to undertake an element of self-
study by completing the exercises and analysing the issues in preparation for classroom
discussion, and through exploring the additional readings.

1 Understand the different theories of Business Ethics and Corporate Governance

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 2 Describe unique aspects of ethics, and the challenges involved in implementing the Corporate
3 Governance
Discuss key issues and landmarks in the emergence of Corporate Governance & Business
4 ethics
The role played by Corporate Governance in the Global Business, and ethical aspects of
5 financial management
To understand the implications on corporate sustainability through the lens of ethics and
6 governance
To learn reviews different regulatory processes fostering principles of corporate governance
in India
4. TOPICS
Sl.No Topics Hours

Ethics - An introduction, Concept of ethics, Values &

Ethics – Meaning & Types of Values, Ethical Action–
Morals, Morality, Moral development pyramid,
Beliefs, Religiousness and Law; Ethical Decision
Making – Theories of Ethics - Normative Framework
1 –Principle of personal benefit, Principle of Social 2
Benefit, Principle of Neutralization, Categorical
Imperative, Principle of Duty, Principle of Justice and
Principle of Lawfulness; Work life in Indian
Philosophy: Indian ethos for work life, Indian values
for the work place, Work-life balance.

Business Ethics- An overview-Concept, nature,

evolving ethical values, Ethics in Business – Myth &
Reality,
Models of ethical decision making- Stages, influence
2 and limitations of ethical decision making models 2
The Indian Business scene, Ethical Concerns,
Liberalization, Privatization and Globalization (LPG)
& global trends in business ethics…
Business ethics rating in India.

Relationship between Ethics & Corporate Excellence,

Corporate Mission Statement, Code of Ethics,
Organizational Ethics - Types of Organization,
3 Market Structures and Ethics, Corporate code of 2
ethics – Formulating, Advantages, implementation
Professionalism and professional ethics code, Global
code of ethics

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 Business & Society - Business & its stakeholders -
Employees, Shareholders, Consumers, Suppliers,
Competitors, Government – Ethics in dealing with
the stakeholders, Challenges, Sustainability

Ethics in Social Responsibility and CSR-Social

4 Responsibility of business with respect to different 2
stakeholders, Arguments for and against Social
responsibility of business, Social Audit, Concept of
Corporate Social Responsibility, Public Policy
approach & role of NGO, Environmental Ethics –
concerns and issues

Corporate Governance: An introduction Objectives,

issues, features, country Corporate Governance: and
5 company Governance aspects – corporate 4
citizenship; values –stakeholders – Governance
Mechanism

6 Role of CEO in Corporate Governance, E-Governance 2

in India

Corporate Governance and the stakeholders – the

business scene; Profit, Bottom line – corporate
7 styles; corporate Governance – Leadership styles, 4
essential components of leadership, understanding
team work and leadership

8 Corporate disclosure Practices; Transparency 2

Board of Directors: Structure and Process, Selection,

9 Compensation, and Removal, Committees of the 2
Board, Role of Audit committee in corporate
governance

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 Case of corruption, corporate scandals, Whistle
Blowing, Insider trading- Concept and Rationale
behind prohibition of insider trading. Administering
& Reporting of Corporate Governance in India – SEBI
Regulations – Model, Corporate Governance codes –
10 Cadbury report, CII recommendations, Corporate 4
Governance for public sector, Corporate Governance
& Investment – ethical investing, Insider trading,
substantial acquisition and takeover code (SAST),
AML norms

11 Group Presentations on Projects 4

5. COURSE OUTCOMES
What the student will be able to demonstrate on successful completion of the course, (1=low, 2=moderate, 3= high; leave blank if not applicable)
Sl.No Course Outcomes Remember Understand Apply Analyse Evaluate Create
1 Explain the importance of ethical practices in 1 1 2 3
business
2 Manage ethical issues that occur in professional life 1 2 2 3
in all functional areas
3 Explain the corporate governance mechanisms 1 2 2 3
4 Devise basic governance structures 1 3 2 3
5 Appraise sound governance practices of different 1 3 2 3
organizations

Apply corporate governance best practices and

6 principles to achieve appropriate business practice 1 3 2 3

6. COURSE OFFERING
Please describe the content , activities, reading/viewing material, schedule of assessments, and the resources
a.
to SESSION PLAN
be employed during the duration of the course. 30 sessions for a 2-credit course. 45 sessions for a 3-credit
course.
Sl.No Topics Readings

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 Ethics - An introduction, Concept of ethics, Values & Course Material by Prof Joanna Mankad
Ethics – Meaning & Types of Values, Ethical Action– for the entire course to be the main
Morals, Morality, Moral development pyramid, reference point.
Beliefs, Religiousness and Law; Ethical Decision
Making – Theories of Ethics - Normative Framework Ref Reading Chapter 1, 3 Ethics in
1 –Principle of personal benefit, Principle of Social Business and Corporate Governance by Week 1
Benefit, Principle of Neutralization, Categorical S K Mandal
Imperative, Principle of Duty, Principle of Justice and
Principle of Lawfulness; Work life in Indian
Philosophy: Indian ethos for work life, Indian values Case Study HBS : The Fall of Enron
for the work place, Work-life balance.

Ref Reading Chapter 4, Ethics in

Business Ethics- An overview-Concept, nature, Business and Corporate Governance by
evolving ethical values, Ethics in Business – Myth & S K Mandal
Reality,
2 Models of ethical decision making- Stages, influence Case Study HBS : Google Dragonfly : The Week 2
and limitations of ethical decision making models Ethics of Providing a Censored Search
Engine in China

Relationship between Ethics & Corporate Excellence, Ref Reading Chapter 2, Ethics in Business
Corporate Mission Statement, Code of Ethics, and Corporate Governance by S K Mandal
Organizational Ethics - Types of Organization,
3 Market Structures and Ethics, Corporate code of Week 3
ethics – Formulating, Advantages, implementation Case Study HBS: Coca-Cola Goes Green:
Professionalism and professional ethics code, Global The Launch of Coke Life
code of ethics

Business & Society - Business & its stakeholders -

Employees, Shareholders, Consumers, Suppliers,
Competitors, Government – Ethics in dealing with
the stakeholders, Challenges, Sustainability

Ethics in Social Responsibility and CSR-Social Relevant portions of - Chapters 6,7,8

4 Responsibility of business with respect to different and 9, BE Week 4
stakeholders, Arguments for and against Social
responsibility of business, Social Audit, Concept of HBS Article : Ethics in Practice
Corporate Social Responsibility, Public Policy
approach & role of NGO, Environmental Ethics –
concerns and issues

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 Corporate Governance: An introduction Objectives, chapter 9, Ethics in Business and
issues, features, country Corporate Governance: and Corporate Governance by S K Mandal
5 company Governance aspects – corporate Week 5
citizenship; values –stakeholders – Governance Reading: Cadbury report
Mechanism

Role of CEO in Corporate Governance, E-Governance

6 in India and Emgering Economies Website - https://india.gov.in/e-governanceArticle
Week 5 : Corporate Governance in Emerging Economies : Un

Reading: Relevant sections of

Board of Directors: Structure and Process, Selection, Companies Act 2013
Compensation, and Removal, Committees of the Website :
7 Board, Role of Audit committee in corporate http://www.mca.gov.in/MinistryV2/co Week 6
governance mpaniesact.html

Case of corruption, corporate scandals, Whistle

Blowing, Insider trading- Concept and Rationale Reading: chapter 11, BE
behind prohibition of insider trading. Administering Reading: Cadbury report, Report of the
& Reporting of Corporate Governance in India – SEBI Kumar Mangalam Birla Committee on
Regulations – Model, Corporate Governance codes – Corporate Governance
8 Cadbury report, CII recommendations, Corporate Website: - Week 7
Governance for public sector, Corporate Governance http://www.sebi.gov.in/commreport/corpg
& Investment – ethical investing, Insider trading, ov.html
substantial acquisition and takeover code (SAST),
AML norms

Corporate Governance and the stakeholders – the

business scene; Profit, Bottom line – corporate Case Study HBS – Tata Sons
9 styles; corporate Governance – Leadership styles, Week 8
essential components of leadership, understanding
team work and leadership

b. ASSESSMENT AND EVALUATION PLAN (1=low, 2=moderate, 3= high; leave blank if not applicable)

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The assessement and evaluation plan needs to be mapped to the Course Outcomes (CO) listed above. (1=low,
2=moderate, 3= high; leave blank if not applicable)
Schedule A Weightage CO1 CO2 CO3 CO4 CO5
Week 6 Individual Assignment 20 2 2 2 2 2
Week 12 Group Assignment 30 3 2 3 3 3
Week 16 Tests 20 2 3 3 3 3
Exam Week End Term 30 3 3 3 3 3

6. ADDITIONAL REFERENCE MATERIAL

Approved Textbooks:
1.AC Fernando, K P Muralidheeran, et al., Business Ethics: An Indian Perspective, 3e, 2019
2.Ethics in Business and Corporate Governance by S K Mandal
3.M.G. Velasquez, Business Ethics, Prentice Hall India Limited, New Delhi,

Approved Reference Books:

1.C.S.V. Murthy, Business Ethics, Himalaya Publishing House; Mumbai, 2007.
2.S K Mandal, Ethics in Business and Corporate Governance, Tata Mc-Graw-Hill, 2010-12
3.Andrew Crane and Dirk Matten, Business Ethics, Oxford Publication, New Delhi, 2007
4.Chris Moonand Clive Bonny, Business Ethics, The Economist Publication, 2004
5.R.C. Sekhar, Ethical Choices in Business, Response Books, New Delhi, 2007.
6.S.K. Chakraborty, Ethics in Management- Vedantic Perspectives, Oxford India paperbacks, New Delhi, 2007.
7.AC Fernando, K P Muralidheeran, Satheesh, Corporate Governance, Pearson 2017

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