Business Ethics And Corporate Governance Lecture Notes Pdf

Posted on  by admin
Business Ethics And Corporate Governance Lecture Notes Pdf Average ratng: 7,0/10 5916 reviews

Sum 41 wiki. The band again commenced on a long tour to promote the album before recording the group's third studio album.

It was found that Mr. A has made arrangements with the Telephone Company for making a single bill for two telephone numbers at his residence. Case of unethical practice A middle level executive, Mr. X, based in Delhi, opts for a 3 day training programme in Bangalore, which happens to be his hometown. He also applies leave for 3 days immediately following the training which is granted to him. X reaches the venue of the training. On the first day, registers himself, takes the training kit, attends the training for two hours, befriends a dealing officer and arranges to have the presentations etc.

  1. Corporate Governance Meaning

(f) Non-competition with Company and maintaining fair dealings with the Company. (g) Standards of business conduct for Company's customers, communities, suppliers, shareholders, competitors, employees. (h) Prohibition of Directors and senior management from taking corporate opportunities for 18 SCE DEPARTMENT OF MANAGEMENT SCIENCES BA7402 BUSINESS ETHICS, CORPORATE SOCIAL RESPONSIBILITY & GOVERNANCE themselves or their families. (i) Review of the adequacy of the Code annually by the Board.

Corporate Governance and Business Ethics 1087 4. Advantages of Business Ethics More and more companies recognize the link between business ethics and financial.

But it is a fact that social responsibility of business and its policies is influenced by the business ethics. (vii) Greater than Law: Although the law approves various social decisions, but the law is not greater than ethics. Law is usually related to the minimum control of social customs whereas ethics gives importance to individual and social welfare actions. 1.3 Ethics Theories: Theories Ethical theories are based on the previously explained ethical principles. They each emphasize different aspects of an ethical dilemma and lead to the most ethically correct resolution according to the guidelines within the ethical theory itself. People usually base their individual choice of ethical theory upon their life experiences. Deontology The deontological theory states that people should adhere to their obligations and duties when analyzing an ethical dilemma.

Business Ethics & Corporate Governance: Overview With the growing strength of consumer movements and rising levels of awareness among stakeholders, corporations are realizing that stakeholders and consumers are no longer indifferent to unethical practices like financial irregularities, tax-evasion, poor quality products and services, kick-backs, non-compliance with environmental issues, and hazardous working conditions. Many Indian companies too have recognized the importance of integrity, transparency, and open communications.

So why must we judge them as. . Business ethics Business ethics (also corporate ethics) is a form of applied ethicsor professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. Business ethics has normative and descriptive dimensions. As a corporate practice and a career specialization, the field is primarily normative.

3.Philip Kotler and Nancy Lee, Corporate social responsibility: doing the most good for company and your cause, Wiley, 2005. 4.Subhabrata Bobby Banerjee, Corporate social responsibility: the good, the bad and the ugly, Edward Elgar Publishing, 2007. Satheesh kumar, Corporate governance, Oxford University, Press, 2010. 3 SCE DEPARTMENT OF MANAGEMENT SCIENCES BA7402 BUSINESS ETHICS, CORPORATE SOCIAL RESPONSIBILITY & GOVERNANCE BA7402 BUSINESS ETHICS, CORPORATE SOCIAL RESPONSIBILITY AND GOVERNANCE CONTENTS S.No. Topics Page No. INTRODUCTION 6 - 26 1.1.

It involves the assumption of what is right and fair. In this essay, we will look into a few elements of both formal and informal organizational culture and how it will affect in creating an ethical workplace. Formal System The organizational formal cultural system are considered as concrete and direct measures that establish ethical behavior such as mission statement, code of conduct and ethical standards (Belak & Milfelner, 2011). The formal structure is primarily concern with the configuration in which how workers at all levels interact. It usually involves the organizational chart, hierarchy, and clear lines of authority for each level.

What is an Unethical Behavior? The Civil Service Commission of Philippines defined an unethical behavior as any behavior prohibited by law. In a dynamic business environment, a ―large gray area‖ exists that makes it difficult and unclear to distinguish what is ethical. An unethical behavior would therefore be defined as one that is not morally honorable or one that is prohibited by the law.

Definition of Ethics: - According to R. Wayne Mondy, ‘ethics is the discipline dealing with what is good and bad, or right or wrong or with moral duty and obligations”. Meaning of Business Ethics: - Business Ethics are rules of business conduct, by which the proprietary of business activities may be judged. It also relates to the behavior of managers. Definition of Business Ethics: - According to John Donaldson, “Business Ethics in short can be described as the systematic study of moral (ethical) matters pertaining to business, industry or related activities, institutions or practices & beliefs”.

The code is intended to serve as a basis for ethical decision-making in the conduct of professional work. It may also serve as a basis for judging the merit of a formal complaint pertaining to violation of professional ethical standards. It is understood that some words and phrases in a code of ethics and conduct document are subject to varying interpretations and that any ethical principle may conflict with other ethical principles in specific situations. Laserjet p2055dn driver windows 7. Questions related to ethical conflicts can best be answered by thoughtful consideration of fundamental principles rather than reliance on detailed regulations. In case of conflict, the decision of the Board shall be final. Applicability This code is applicable to the Board Members and all employees in and above Officers level (hereinafter collectively referred to as 'Employee(s)').

The coverage of business ethics is very wide as it deals with norms relating to a company and its employees, suppliers, customers and neighbors, its fiduciary responsibility to its shareholders. It reflects the philosophy of business, one of whose aims is to determine the fundamental purposes of a company.

Business ethics refers to a 'code of conduct' which businessmen are expected to follow while dealing with others. 'Code of conduct' is a set of principles and expectations that are considered binding on any person who is member of a particular group. The alternative names for code of conduct are 'code of ethics' or 'code of practice'. Business ethics comprises the principles and standards that guide behaviour in the conduct of business. Businesses must balance their desire to maximize profits against the needs of the stakeholders. Maintaining this balance often requires tradeoffs. To address these unique aspects of businesses, rules - articulated and implicit, are developed to guide the businesses to earn profits without harming individuals or society as a whole.

• Would the increased role of independent directors in future generate a conflict with companies managerial control? • What do you understand by the concept of Corporate Socia responsibility? • Do you believe it to be an important part of the core business strategy? If yes, elucidate with examples. • What are the inherent and perceived benefits from Corporate Social Responsibility? • Highlight the importance of CSR with the help of examples. • Critically analyze the concept of CSR.

Corporate Governance Meaning

Unethical behavior is defined as behavior that contravenes rules designed to maintain the fairness and morality of a situation. An example of unethical behavior is a representative of a company taking kickbacks from a salesman for preferential treatment.