Business Ethics & Corporate Governance

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Business Ethics & Corporate Governance : Contents

Detailed Contents

Part I: Business Ethics

Chapter 1: Business Ethics - An overview: Ethics - Nature of ethics - Objectives of ethics - Business ethics - Nature of business ethics - Relationship between ethics and business - The Unitarian view of ethics - The Separatist view of ethics - The Integration view of ethics - Stages of ethical consciousness in business - Need for business ethics.

Chapter 2: Importance of Ethics in Business: Ethical theories: Metaethics, Normative theory - Market system - Impact of unethical behavior in the market system: Bribery, Coercion, Deception, Theft, Discrimination - Trust and ethics: Supplier relations, Customers, Employees - Integrative social contract theory: Hypernorms, Macro social contract, Micro social contract.

Chapter 3: The Ethical Organization and its Corporate Code: The Ethical Organization - An overview - Characteristics of an ethical organization: Corporate moral excellence, Stakeholders Corporate governance - Definition of corporate code - Development of corporate code - Implementation of corporate code.

Chapter 4: Ethics and Rule of Law: The Rule of Law - An overview - Relationship between law and moral standards - Formulation of law: Individual process, Group process, Social process, Political process - Rule of law as the basis for moral choice.

Chapter 5: Business Ethics and Environment: Environmental Ethics - Environmental issues: Western Europe, India - Greening - Green initiatives - India in 21st century.

Part II: Management and Ethics

Chapter 6: Ethical Issues in Strategic Management: Strategic Management - An overview - Ethical issues in strategic management: Formulating the vision, mission and objectives, Implementing strategic change, Changes in organization ownership - Ethical decision making model - Principles underlying an ethical approach to strategic management: Stakeholder theory, strategy and ethics, Loyalty and psychological contract, Cultural relativism.

Chapter 7: Ethical Issues in Marketing Management: Marketing Management - An overview; - Ethical issues in Marketing Strategy - Ethical Issues in marketing Mix: Product, Price, Place, Promotion, Process, People and Physical evidence - Marketing research.

Chapter 8: Ethical Issues in Operations Management: Operation Management - An overview; - Role of operations manager: Production, Administrative or service, Quality control - Ethical dilemmas; Ethical problems in operations management - An analytical Framework for ethical issues in Operations Management.

Chapter 9: Ethical Issues in Purchase Management: Purchasing function - An overview - Role of Purchase manager - Ethical issues in purchasing - Code of ethics - Purchasing - Empirical evidence for ethical issues in Global buyer - supplier relationships.

Chapter 10: Ethical Issues in Human Resource Management: Nature of Employment Contract - Hiring - The principal of ethical hiring - Equality of opportunity - Discrimination - Ethics and remuneration - Ethics in retrenchment.

Chapter 11: Ethical Issues in Finance: Financial Management - An overview - Importance of financial Statements - Ethical Issues in Mergers and acquisitions - Hostile takeovers (Poison pill, Greenmail, Golden Parachute, People Pill, Sandbag, Management Buyouts) - Insider trading - Money laundering.

Chapter 12: Ethical Issues in Accounting and Other Functions: Accounting Profession - An overview - The importance of financial statements (Fictitious revenues, Fraudulent timing differences, Concealed Liabilities and Expenses, Improper Fraudulent disclosures or Omissions, Fraudulent asset valuations) - Importance of transparency in disclosures - Role of accountants - Accountants employed within organizations (The management accountant, The financial accountant) - Accountants in professional practices (The auditor) - The rules governing the professional conduct of accountants - Ethical audits - Information Technology - An overview; - Ethical issues in Information Technology - Importance of software audits.

Chapter 13: Ethical Dilemmas at Workplace: Dilemmas at work - Ethical dilemmas: Power, authority and trust, Secrecy, confidentiality and loyalty - Resolving dilemmas: Manager, Employee.

Chapter 14: Ethical Issues in Global Business: Multinational organization - An overview - Why companies go global - Ethical issues in MNC's: Political activities, Sales Marketing and Advertising, Technology, Economic activities - Ethical issues in various countries: Japan, France and Germany, China - Regulatory actions in acquisitions of global business - Social obligations in global business.

Part III: Corporate Social Responsibility

Chapter 15: Corporate Social Responsibility - A Historical Perspective: A historical perspective: Dark satanic mills - Victorian philanthropy - The non - conformist challenge in Britain - Progressives in North America - Responses in the thirties - Post - war statism.

Chapter 16: Corporate Responsibility - Stakeholders: Stakeholders - An overview - Internal stakeholders: Shareholders, Employees, Management - External stakeholders: Consumers, Suppliers, Creditors, Competitors, Community.

Chapter 17: The Role of Business in Society: The role of Business in Society - An overview; - The Economic role - Tasks of business in society (Economic and production tasks, Maintenance tasks, Adaptive tasks) - Managerial or political tasks - The social challenge - Standards and values.

Part IV: Corporate Governance

Chapter 18: Corporation - An overview: Definitions - Evolution of the corporate structure - Characteristics of Corporation: limited liability, transferability, legal personality, centralized management; - Purpose of a corporation: Human satisfaction, Social structure, Efficiency and efficacy, Ubiquity and flexibility, Identity - Corporation as a 'person' - Corporation as a 'moral person' - Corporation expectations of society and market place.

Chapter 19: Corporate Governance - An Overview: Issues in Corporate Governance - Definition of Corporate Governance - Difference between Corporate Governance and Corporate Management - Theories Corporate governance - Models of corporate governance: Anglo - American model, German model, Japanese model, Indian model - Evolution of corporate governance.

Chapter 20: Corporate Governance - Board Structures and Styles: Types of Board of Directors - Types of Board structures: The all executive board, The majority board, The majority outside board, The two tier supervisory board, The advisory board; - Issues in designing a Board - Styles of functioning of Boards: Rubber stamp board, representative board, country club board and professional board.

Chapter 21: Corporate Governance - Roles and Responsibility of Board of Directors: The role of Board of Directors - Responsibility of directors - Duties of directors - Role of Chairman - The Functions of chairman - Role of CEO - The functions of CEO - Functions of the Board - Committees of the Board: Audit committee - Remuneration committee - Nomination committee.

Chapter 22: Corporate Governance - Codes and Laws: Self-regulatory codes - Committees on corporate governance: Cadbury Committee Report, Kumaramangalam Birla Report, CII Report, OECD Committee.

Part V: Case Studies

Corporate Governance at Infosys - The Case of Insider Trading (HLL - BLLIL Merger) - Bhopal Gas Tragedy.

Part VI: Annexure

Kumara Mangalam Birla Report - The Code of Best Practices.