CORPORATE ETHICS,GOOD GOVERNANCE & HQD

Semester: III
Sub Code: MSM T 303
Credits: 4
Hours/Wk: 4
Total Hrs: 60
Exam Marks: 50
IA Marks: 50
Exam Duration: 3 Hrs

Objective:
To enable students to critically examine ethical dilemmas and to understand the importance ethical principles and of governance mechanisms in a globalized economy. To create in students self-development through Human Quality Development Managers and Morals: Setting Ethical Standards, The way of moral knowledge, Ethics: Meaning, Definition and Scope.

Unit 1:
Eastern and Western Ethical Thought and Business Practices:
Universal norms and geographically different cultures, Wisdom of Socrates, Suitability of Eastern values to Western business, Doctrines, Dogmas and Business Management: Pragmatism and ethics, The scourge of socialism, social market economy, Decision Making: Moral Reasoning and Its Application.

Unit 2:
The way of moral action:
Application of Ethical Standards to Business Disciplines - Manufacturing, Marketing, Advertising, Finance Customer the Ultimate Stakeholder, Duties of the manufacturer, Rights of the Consumers, Ethical Consumption, Legal business versus Moral business

Unit 3:
In the Marketplace:
Exploitative nature of Advertising, Culture versus Ad-culture, Serious Problems in Contemporary Advertising.

Unit 4:
The World of Finance: Financial Standards, Financial Institutional Responsibility, Capital Market and Regulation Managers and Workplace: Managing People in the Organization, Workers and Morals, Rights and Duties of employees, Just wages, Union morality, Workplace surveillance versus privacy, Health and Safety hazards,Whistle blowing , Abuse of official position, Forma of discrimination and their morality, Affirmative action or job reservation as a form of social justice Manager and Corporation, Corporate Citizen: Organization in the World, The way of the new person in the society, Corporate Governance: Corporation as moral person, Corporate governance theories, Salient features of good corporate governance, Institutionalization of Corporate Governance: Emergence of corporate governance code, Development of Indian corporate governance, Assumption of best practices, Failure of corporate governance, Character competence of corporations

Unit 5:
Corporate Social Responsibility:
Moral arguments for corporate social responsibility, Issues in corporate social responsibility, Development of corporate conscience as the moral principle of corporate social responsibility

Unit 6:
Challenges of Environment: Principles of Environmental Ethics, Environmental challenges as business opportunity

Unit 7:
Challenges of Cyber Age:
Information Technology and its moral significance to business, Internet crime and punishment, Intellectual property rights

Unit 8:
Challenges of Unresolved Problems:
Gender Rights, Human Rights, Animal Rights

Unit 9:
Human Quality Development (HQD):
Beyond the selfish gene syndrome, Importance of Human values & Spiritual values in management,management, Inner Qualities Development, Developing character competence, 3T model of values, Guna theory as a basis for HQD, HQD as foundation for Business ethics and Good Governance, HQD models: Thought-Action analysis, G/T ratio, Relationship analysis, ENU model of human actions, Karma advantage etc.

Suggested Readings
1. Daniel Albuquerque, Business Ethics: Development of Moral Leadership for Managers and Organizations, Oxford University Press.
2. Sharma Subhash, Management in New Age: Western Windows Eastern Doors, New Age International Publishers, New Delhi.
3. Hartman, Laura, Perspectives in Business Ethics, Mc Graw Hill.
4. Sadri Sorab, Dhun S Dastoor, Jayashree S, The Theory and Practice of Managerial Ethics, Jaico.
5. Vlasquez – Business Ethics: Concepts & Cases, Prentice Hall Of India.