Governance-Business-Ethics-and-Sustainability

CS: Professional Programme
Paper 8 : Governance, Business Ethics and Sustainability
[One paper: Three Hours – 100 marks]

Level of Knowledge:

Expert knowledge

Objectives:

To provide knowledge on global development and best practices in the corporate world.

Detailed contents :

Part A: Corporate Governance (50 Marks)

1.	Evolution, concept, principles and development.
2.	Management structure for corporate governance; Board structure; building responsive boards – issue and challenges; effectiveness of Board, board committees and their functioning in particular audit committee, legal compliance committee and Stakeholders’ relationship committee; appraisal of Board performance, transparency and disclosure; internal control system and riskmanagement.
3.	An analysis of legislative framework of corporate governance in various countries – such as UK, USA, India.
4.	Corporate communication; art and craft of investors relations; shareholders activism, investor protection and changing role of Institutional Investors.
5.	Corporate Social Responsibility and good corporate citizenship.
6.	Various corporate governance forums – Common Wealth Association for Corporate Governance (CACG), Organization for Economic Cooperation Development (OECD), International Corporate Governance Network (ICGN), National Foundation for Corporate Governance (NFCG), etc.

Part B : Business Ethics (30 Marks)

7.	Genesis, significance and scope; organization perspectives.
8.	Ethical principles in business – codes and innovations.
9.	Concept of the stakeholders’ organization.
10.	Activity analysis, business dilemma versus decision, characteristics of ethical dilemmas; the dilemma resolution process; business ethics as a strategic management tool; stakeholders’ protection.
11.	Challenges of business ethics and corporate leadership.

Part C: Corporate Sustainability (20 Marks)

12.	Genesis, meaning, nature, objectives, significance and scope of corporate sustainability.
13.	Sustainability reporting – frameworks and guidance; trends and drivers; business benefits of corporate sustainability reporting; leadership programmes and stakeholder engagement; corporate sustainability management systems.
14.	Legal framework; conventions and treaties on environmental, health and safety and social security issues.
15.	Principle of Absolute Liability – Case studies.
16.	Contemporary developments.