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CGE - Course Outline

This document outlines the objectives, content, and structure of a course on corporate governance and business ethics. The course aims to help students understand what corporate governance is, how companies implement governance processes, and how they address ethical dilemmas. It will cover topics like regulatory requirements, risk management, corporate social responsibility, and sustainability. Students will learn through case studies, assignments, and a final exam. The course aims to help students appreciate the importance of governance and ethics in business.

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Mamuni
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45 views

CGE - Course Outline

This document outlines the objectives, content, and structure of a course on corporate governance and business ethics. The course aims to help students understand what corporate governance is, how companies implement governance processes, and how they address ethical dilemmas. It will cover topics like regulatory requirements, risk management, corporate social responsibility, and sustainability. Students will learn through case studies, assignments, and a final exam. The course aims to help students appreciate the importance of governance and ethics in business.

Uploaded by

Mamuni
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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NMIMS

Corporate Governance and Business Ethics

Course Outline and related

Objectives

The objective of this study is to understand what is Corporate Governance and Business
Ethics. Along with that the objectives are to see how companies run the process of
corporate governance and handle ethical dilemmas. This study will provide insights
into the above areas by way of case studies as well as other related documents.

The areas of corporate governance are vast and the field is evolving and rediscovering
itself. There are some aspects that are clearly regulated and required by law, while
others which are voluntary. Of course, the leading companies do more that what is
required by law and therefore set examples for others to follow. This course will delve
upon the following areas:

 The Global and the Indian context of Corporate Governance. Evolution of CG.
 The Regulatory imperatives of Corporate Governance.
 Risk management and its relevance to CG.
 Corporate Social Responsibility and how it links to the organizational culture
and Governance. How employees and management participate in CSR
 Briefly touch upon sustainability and how CG and CSR act as the pillars of
Sustainability.
 Business Ethics and its relationship with the individual Ethics. Understand what
is an Ethical Dilemma? Understanding Trust in the corporate perspective.

Most of the areas will be covered by way of handouts, case studies and assignments,
which are given in this book or will be handed over during the class.

Outcome

At the end of the study the student should be able to appreciate why corporate
governance is relevant and what are the driving principles, processes and challenges.
The student should be able to understand business ethics and the ethical dilemma.

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Broad Scope in Six sections

o Tone at the Top


 Board of Directors, Audit Committee, Senior Management,
behavior and experience, Executive compensation, Lead by
example, Corporate communication
o Organization Culture
 Company policies and procedures, including HR policies,
Whistle blower mechanism, Transparency in decision making,
Employee communication, handling vendors etc
o Business Ethics
 Code of Conduct, Code of Ethics, Companies’ behavior in
public and private space, Ethical Dilemma
o Sustainability, including Corporate Social Responsibility
 What is sustainability and how are companies adopting the
same., CSR initiatives, Social responsibility accounting,
Pollution control, Green initiatives, human resource
management, abiding the law of the land
o Outside, Inside view
 Customer, Vendor, Investor and Employee feedback. The clear
measure of the CG and ethics comes from the feedback of
external and internal stakeholders.
o Risk Management
 Risk Management framework, Risk mitigation, Risk appetite,
Internal Controls framework and Audit. Management and
financial reporting and MIS.

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Time Allocation

The course time as expected to be dedicated for study will be broadly split as under:

Classroom (theory and case studies) 30%


Self-study (handouts and reference) 30%
Research/Projects/Assignments 40%

Prerequisites

A broad understanding of how corporates function and current state of corporate


business management.

Evaluation criteria/ Grading

Assignments Marks Weightage

Class / Group Assignment 1 100

Class / Group Assignment 2 100

Class / Group Assignment 3 100 50%

Individual Company 100


Assignment

End of the Term Examination 100 50%

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Suggestions

While the course is structured to make it as interactive as possible with case studies, the
subject warrants pre-class preparation and reading. It is recommended that
assignments are completed on time and preparatory/ reference materials handed over
are read in advance of the class.

The syllabus detailed herein is expected to be completed in the given time, based on the
pace to be followed both by the students and the tutor.

While there will be standard assignments and handouts, the class can work with the
tutor to alter the same within reasonable limits to make it relevant to the group based
on the background of the group.

Some level of primary research/ field work may be required. In case of Group work
(projects/ assignments), joint presentations in the class will be expected. In case of
individual assignments, some of the selected ones may be required to make
presentations in the class.

The end of the term exam will be based on open book/ open internet. Students will
have unrestricted access to the internet. Further details will be made available in the
class.

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Broad Session Outline

Sessions 1-2: Introduction to Corporate Governance: Six Packs of CG

 Introduction to the basic concepts and terms of CG


 Concept of Board, Directors/ Independent director/ Executive compensation
 Review of CG report of a listed company. Tata Steel.

Sessions 3-5: The background to CG theories, philosophy and CG in other countries

 CG reports
 CG codes
 Evolution of CG
 Setting up CG
 CG around the world

Case studies on CG failures.


 Case 1 : Enron/ Arthur Andersen
 Case 2 : Maxwell
 Case 3 : Worldcom
 Case 4 : Lehman
 Case 5 : Polly Peck
Or similar cases.

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Session 6-7: Corporate & Business Ethics and the Ethical Dilemma

 Code of Conduct
 Code of Ethics
 Whistleblower policy
 Case study on Business Ethics : Ponzi Scheme and Bernie Madoff
 Ethical Dilemma

Session 8: Corporate Social Responsibility/ Sustainability

 Introduction to CSR, evolution, theories, and components


 Implementation and reporting of CSR
 CSR in the Indian perspective
 Case Studies : Starbucks and Dr Reddys Labs, or similar
 Sustainability: What does it mean and what is happening around the world

Sessions 9: Risk Management/ Audit

 Concept of Risk Management. Enterprise Risk Management


 Audits, types and framework of Audits

Sessions 10-12: Presentations on Individual and Group Assignments/ Projects

While there are 4 sessions earmarked for these presentations they will run along with
the other sessions and not in cluster or at the end. The session numbers are marked for
guidance and totaling only and not for the sequence.

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Assignments: Broad overview: (Detailed assignment to be circulated later)

1. Class / Group Assignment 1 – On Case Studies on Corporate Failures


2. Class / Group Assignment 2 – Based on Code of Conduct / Code of Ethics and
or Whistle Blower Policy

Individual Assignment

You shall be given and company and expected to review in detail the CG and related of
the company in the areas given below and provide your view on the strong and weak
areas with the rationale and commentary for the same.

Or

You shall be provided a basic presentation covering some of these areas indicating what
areas the company is strong in and what areas they are weak. You may be required to
enhance the presentation with review of a peer company and further research of the
web/ company website/ regulator website etc and provide your views.

Or

You may need to compare the given company with another identified company in a
related field.

Areas to be covered

o Tone at the Top


 Board of Directors, Audit Committee, Senior Management,
behavior and experience, Executive compensation, Lead by
example, Corporate communication
o Organization Culture
 HR Policies and procedures, Open door, Whistle blower, Town
hall meetings, Transparency in decision making, Employee
communication
o Corporate Ethics
 Code of Conduct, Code of Ethics, Corporate behavior in public,
private and individual space
o Corporate Social Responsibility
 CSR initiatives, Social responsibility accounting, Pollution
control, Green initiatives, human resource management,
abiding the law of the land
o 360 degree feedback

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Customer, Vendor, Investor and Employee feedback. Proof and
audit of the CG activities and initiatives
o Risk Management
 Risk Management framework, Risk mitigation, Risk
appetite, Internal Controls framework and Audit.
Management and financial reporting and MIS.

3. Group Assignment

You shall be given a topic and provided with either some source or select areas to be
covered. You are expected to research on the topic and present to the class, your
findings and views.

While the topics are very broad, you may want to focus on a few select areas in
agreement with the professor and cover it well. This may require some field work as
well.

Indicative Topics Names of the participants in the


Group

Sustainability

Senior Executive Compensation

Balancing Business Ethics & Profit

Fines and penalties on Big 4

Case studies Whistle blowing

Indicative Schedule of submission of assignments (will be notified in the class)

Assignments Due Date

Class / Group Assignment 1 Announced:

Due Date:

Class / Group Assignment 2 Announced:

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Due Date:

Individual Assignment Announced:

Due Date:

Group Assignment Announced:

Due Date:

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