Importance of Maintaining, Possible Improvements, Director Independence, Enhanced Business Reporting, Programs and Controls, Corporate Social Responsibility, Corporate Sustainability Reporting, Enhanced Business Reporting, Global Reporting Initiative, Governance Metrics International are some points from this lecture of Corporate Governance and Ethics. Chapter: 1 Introduction to Corporate Governance • Corporate Governance: An Understanding. In 1985, following a series of high profile business failures in the US, the most notable one of which being the savings and loan collapse, the Tradway. 1 Introduction To Corporate Governance.
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.
Topics:Ethics, Business ethics, Ethical codePages: 103 (25608 words)Published: May 3, 2013
BUSINESS ETHICS &
CORPORATE GOVERNANCE BUSINESS ETHICS Distinguishing: • Ethics • Ethics in Business • Business Ethics • Governance • Corporate Governance • Good Corporate Governance In brief: • Ethics: code of conduct for personal behaviour. • Ethics in Business: Applying personal ethics into business. • Business Ethics: Ethics of business, what is good & bad, right or wrong for business. • Governance: Methods and practices of doing business in any organisation • Corporate Governance: Set of practices business is carried on in corporate business organisation. • Good: A code of best management Corporate practice which leads to Governance achievement of corporate mission. Ethics – Definition • Greek word “Ethos” – refers to character • A code of conduct for personal behaviour • Driving force – guide – value content • A moral Code based on generally accepted standards • Personal Ethics Vs. Ethics of Society • Role of Ethics to discipline thoughts based on god and religion • Role of law to regulate external behaviour Developing personal Code of Conduct • For developing self-confidence/ personality/ Courage – Need to know what is Good’ & ‘Bad’ for you • For avoiding conflicts/ trauma and for achieving success • Code should be built around your personal goals Business Ethics • It is Ethics of Business, study of what is good or bad, right & wrong, just & unjust, fair & unfair in the business as against in personal life. • Code of conduct for businessman for carrying on business consistent with what others follows. • Different from Personal Ethics. Historical perspective of Business Ethics • Historically, businessman was not respected for his ethical behaviour. Example of catholic Pope and businessman, going to Christian heaven where St. Peter – 423rd Pope – 1st Businessman to show up. • Corporate Ethics Committee of 12 people - the ones did not get picked up in any important committees. Buddha on Business Ethics • Trader is like honey bee, sucks honey out of flower, without harm to flower • Also helps flower pollinating – process of fertilisation – when taking profit, no harm to be done in quest of personal gain. • Business Ethics is inseparable part of modern business • It is vital for long term growth of business • Manager’s Ethics & Corporate Ethics are parts of Business Ethics. Professional Manager Ethical Manager: • Ethics in Bhagwat Geeta: Krishna said “manager should look at the task set for him more for its satisfaction, the fulfillment that gives, rather than for personal gain or profit”. • Elliot Jacques, American scholar called professional manager as “Propertyless Manager”, who manages the company successfully, but does not own any part of it as personal property. Does job not for personal gain, but for satisfaction he drives. Objectives of Business Ethics • Check malpractices - rapid business growth threw up many unethical practices – lust for money and economic power breeded many evils, which harmed society. • Prevent exploitation of market, society and consumers. • Drive home social responsibility to gain confidence of consumer – the king in competition. • Forge cordial relation with the society. Importance of Business Ethics • Drive home that business is: i) not only for growth of businessman, also for long term growth of business itself, ii) long term creation of wealth, iii) creation of better social image, and iv) build investor confidence Some principles of Business Ethics • Take care of stakeholders, owners, employees, customers, suppliers, community and environment • Fair dealings and fair practices in business • Avoid exploitation of consumers • Avoid profiteering • Encourage healthy competition..
Download Business Ethics, Corporate Social Responsibility, and Governance Notes for MBA Pdf. Here We Provide the MBA 3rd Semester PDF Study Material & Books with Download Links. Students can Download the Study materials and Pdf Books and they can Use them in their Academic Preparation. You can easily adapt the MBA Lecture Notes, Study Materials, and Books to take full advantage of the complete material we offer in Below Links. The core courses in an MBA program cover various areas of business such as accounting, finance, marketing, human resources, operations, and statistics etc. Below you can Check the Study materials and Question papers will be Available in pdf Download on business ethics and social responsibility articles.
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Business Ethics, Corporate Social Responsibility, and Governance Notes for MBA Pdf
The famous missionary physician and humanitarian Albert Schweitzer defined ethics as “our concern for good behavior. We feel an obligation to consider not only our own personal well-beingbut also that of other human beings” this meaning is similar to the precept of the Golden Rule: Do unto others as you would have them do unto you. Ethics are principles or standards of human conduct, sometimes called morals, and, by extension, the study of such principles is sometimes called moral philosophy.
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MBA Business Ethics, Corporate Social Responsibility, and Governance – 3rd SemUNIT I
INTRODUCTION
Definition & nature Business ethics, Characteristics, Ethical theories; Causes of unethical behavior; Ethical abuses; Work ethics; Code of conduct; Public good. UNIT II
Crazy taxi gc iso pal. ETHICS THEORY AND BEYOND
Management of Ethics – Ethics analysis [ Hosmer model ]; Ethical dilemma; Ethics in practice- ethics for managers; Role and function of ethical managers- the Comparative ethical behavior of managers; Code of ethics; Competitiveness, organizational size, profitability, and ethics; Cost of ethics in Corporate ethics evaluation. Business and ecological/environmental issues in the Indian context and case studies.
UNIT IIIEthics And Corporate Governance Pdf
LEGAL ASPECTS OF ETHICS
Political-legal environment; Provisions of the Indian constitution pertaining to Business; Political setup – major characteristics and their implications for business; Prominent features of MRTP &
FERA. Social-cultural environment and their impact on business operations, Salient features of Indian culture and values. 30 UNIT IV
ENVIRONMENTAL ETHICS
Economic Environment; Philosophy of economic grow and its implications for business, Main features of Economic Planning with respect to business; Industrial policy and framework of government contract over Business; Role of chamber of commerce and Confederation of Indian Industries.
UNIT V
CORPORATE SOCIAL RESPONSIBILITY AND GOVERNANCE
Definition- Evolution- Need for CSR; Theoretical perspectives; Corporate citizenship; Business practices; Strategies for CSR; Challenges and implementation; Evolution of corporate governance; Governance practices and regulation; Structure and development of boards; Role of capital market and government; Governance ratings; Future of governance- innovative practices; Case studies with lessons learnt.
MBA Business Ethics, Corporate Social Responsibility, and Governance Review Questions
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