Ethics and Coporate Governance

Page 1: Introduction to IMT and Key Themes

  • Institute of EGMC006 IMT Management Technology Centre for Distance Learning, Ghaziabad

  • Participants engage with key themes:

    • System Code

    • Citizenship

    • Business Controls

    • Monitor

    • Ethics and Corporate Governance

  • Policy Direction:

    • Focus on market affairs and core leadership

  • Importance of Ethical Awareness:

    • Building a fair and ethical company culture

Page 2: Vision and Mission of IMT

  • Vision:

    • Imparting a continuum of management education globally through distance learning.

  • Mission:

    • Leveraging technology for innovation and life-long learning.

    • Evolving management competencies to enhance employability and entrepreneurship.

    • Serving society with excellence in management education, research, and consultancy.

Page 3: Course Structure - EGMC006 Ethics and Corporate Governance

  • Course Index:

    • UNIT 1: Introduction to Business Ethics

    • UNIT 2: Theories of Ethics

    • UNIT 3: Ethical Dilemma and Ethics Management

    • UNIT 4: Managing Organizational Ethics

    • UNIT 5: Ethics in Management

    • UNIT 6: Introduction to Ethics Audit

    • UNIT 7: Corporate Governance and Stakeholders

    • UNIT 8: Corporate Governance in India

    • UNIT 9: Board of Directors

    • UNIT 10: Auditors

    • UNIT 11: Corporate Social Responsibility

    • UNIT 12: E-Governance

Page 4: Acknowledgements

  • Acknowledgment of contributions from various texts, websites, and AV sources

  • Thanks to individual authors, publishing houses, and educational institutes for assistance in preparing study materials.

Page 5: Contributors and Committee

  • Key Contributors:

    • Prof. (Dr.) S. R. Musanna, Prof. (Dr.) Swapnil Garg, other distinguished professors and researchers.

  • Roles defined:

    • Expert committee, SLM preparation team, Course coordinator, and Expert reviewers involved in course content development.

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Page 7: Corporate Governance and Business Ethics Introduction

  • Corporate Governance Overview:

    • Encompasses corporate strategy, compensation, risk management, and accountability principles.

    • Business ethics as the core of corporate governance.

  • Integration of Values:

    • Core values like honesty, trust, and fairness reflected in corporate governance decisions.

    • Importance of developing relationships based on fairness, transparency, and accountability.

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Page 9: Unit Structure - Business Ethics

  • Unit Objectives:

    • Define business ethics and its relevance.

    • Understand concepts related to business ethics.

    • Explain evolution and importance of business ethics.

Page 10: Introduction to Business Ethics

  • Ethics in Business:

    • Ethics define right versus wrong across cultural norms.

    • Historical context: Integration of ethics into business practices, legislation, and CSR.

  • Ethical Dilemmas:

    • Conflicts arise when profit motives clash with social responsibilities.

Page 11: Understanding Business Ethics

  • Business Ethics Scope:

    • Examines how businesses resolve ethical conflicts within economic, legal, and organizational contexts.

  • Key Aspects:

    • Individual relationships, organizational behavior, and societal impacts.

Page 12: Evolution of Business Ethics

  • Cultural Shifts (1960s-2000s):

    • Emergence of employee work ethics and environmental concerns.

    • Changes in consumer demand leading to stronger scrutiny of corporate practices post-2000 focusing on digital ethics and privacy.

Page 13: Types of Business Ethics

  • Individual vs Organizational Ethics:

    • Differences in ethical issues at personal vs corporate levels.

  • Key Elements for Ethical Behavior:

    • Written codes, ethical training, support systems for reporting ethics violations.

Page 14: Importance of Business Ethics

  • Essential Skill:

    • Top companies prioritize ethical conduct to mitigate risks associated with unethical practices.

  • Impact on Employees:

    • Strong ethical messaging influences employee behavior positively.

Page 15: Features of Business Ethics

  • Major Features:

    • Code of conduct, moral values, organizational framework, voluntary practice, and need for education on ethics.

Page 16: Ethical Behavior

  • Significance:

    • Ethical behavior shapes corporate culture and builds trust among stakeholders.

  • Code of Ethics Defined:

    • Guidelines for ethical conduct in organizations, fostering integrity and honesty in operations.

Page 17: Environmental Ethics

  • Importance:

    • Highlights the moral relationship between humans and the environment, emphasizing sustainability.

  • Types of Environmental Ethics:

    • Includes anthropocentric vs. non-anthropocentric views.

Page 18: Globalization and Ethics

  • Impact of Globalization:

    • Expansion of businesses into international markets poses unique ethical challenges.

  • Cultural and Legal Considerations:

    • Businesses must navigate diverse legal frameworks and cultural norms in global operations.