Business ethics and corporate governance lecture notes pdf

#BUSINESS ETHICS AND CORPORATE GOVERNANCE LECTURE NOTES PDF CODE#

Globalization has increased the volume as well as the complexity of business trade due to which the external control is becoming more difficult and thus the concept of corporate governance is getting popularity. Now every country recognizes that the good corporate governance is essential for the efficiency and growth of domestic economy.

It is a system which is used for the purpose of controlling and directing the companies.Д¬orporate governance is not a new concept but it has got popularity in the last few decades due to various crises such as: East Asian crisis of the late s and various other fraudulent activities in the corporate world. GLOBAL INFUENCES AFFECTING CORPORATE GOVERNANCE 79Д§.1 OECD Principles of Corporate Governance (1999) as revised (2004) 80Д§.4 International Corporate Governance Network 83Д§.5 Commonwealth Association for Corporate Governance 84Д§.8.2 Employee Retirement Income Security Act 1974 87Д§.8.4 Commission of Public Trust and Private Enterprise 2003 90Д¬orporate Governance and Public Enterprises 98ДЁ.2 Is the corporation a moral agent? 107ДЁ.3 Four Different Views of Business Ethics 108ДЁ.3.3 Theory of Justice View of Ethics 110ДЁ.4.1Deriving Business Ethics from the Profit Motive 112ДЁ.4.2Business Ethics Restricted to Following the Law 113ДЁ.4.3Deriving Business Ethics from General Moral Obligations 116ДЁ.5 Factors affecting Managerial Ethics 118ДЁ.7 CLUSTERS OF VARIABLES FOUND IN 83 CORPORATE CODES OF BUSINESS ETHICS 121ДЁ.8 Effects of Business Ethics Programmes 124ДЁ.10 Ethics in an International Context 129Д©.1 Two Opposing Views of Social Responsibility 136Д©.OECD Principles describe corporate governance in terms of relationship between management of company, its shareholders, its board and other stakeholders.

#BUSINESS ETHICS AND CORPORATE GOVERNANCE LECTURE NOTES PDF CODE#

48Д¤.6 Risk Management and Business Continuity 59Д¬orporate Governance and Compliance Requirements 61ДҐ.1 Importance of Legal and Regulatory Requirements 61ДҐ.2 Quality and Composition of the Board 62ДҐ.4 Evolving Code of Corporate Governance Practices 63ДҐ.5 Corporate Governance Through Listing Agreements 64Д¬odes of Corporate Governance вЂ“ Checks and Balances 68Д¦.1The growth in corporate governance codes 68Д¦.2.10Revised Turnbull Guidance (2005) 78 For example, the recession that began in 2008 was largely caused by the loose credit risk management of financial firms. Inadequate risk management can result in severe consequences for companies as well as individuals. Essentially, risk management occurs anytime an investor or fund manager analyzes and attempts to quantify the potential for losses in an investment and then takes the appropriate action (or inaction) given their investment objectives and risk tolerance.

The process of identification, analysis and either acceptance or mitigation of uncertainty in investment decision-making. This unit will deal with the mechanism and importance of risk management. This is not a surprise especially in the wake corporate collapses and failure that have happened recently due inappropriate risk-taking in terms of investments. Increasingly, risk assessment and management has become a common feature among codes of corporate world-wide. If you were asked to explain corporate governance, what would you say? 7ДЎ.3 The Cultural Dependence of Corporate Governance 10Дў.2 Theories Associated with the development of corporate governance 16ДЈ.2 Roles in Corporate Governance Structure 28

Business ethics and corporate governance lecture notes pdf