CS_PP :: Professional Programme
Paper 8 : Governance, Business Ethics and Sustainability
[One paper: Three Hours – 100 marks]
Level of Knowledge:
To provide knowledge on global development and best practices in the corporate world.
Detailed contents :
Part A: Corporate Governance (50 Marks)
||Evolution, concept, principles and development.
||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.
||An analysis of legislative framework of corporate governance in various countries – such as UK, USA, India.
||Corporate communication; art and craft of investors relations; shareholders activism, investor protection and changing role of Institutional Investors.
||Corporate Social Responsibility and good corporate citizenship.
||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)
||Genesis, significance and scope; organization perspectives.
||Ethical principles in business – codes and innovations.
||Concept of the stakeholders’ organization.
||Activity analysis, business dilemma versus decision, characteristics of ethical dilemmas; the dilemma resolution process; business ethics as a strategic management tool; stakeholders’ protection.
||Challenges of business ethics and corporate leadership.
Part C: Corporate Sustainability (20 Marks)
||Genesis, meaning, nature, objectives, significance and scope of corporate sustainability.
||Sustainability reporting – frameworks and guidance; trends and drivers; business benefits of corporate sustainability reporting; leadership programmes and stakeholder engagement; corporate sustainability management systems.
||Legal framework; conventions and treaties on environmental, health and safety and social security issues.
||Principle of Absolute Liability – Case studies.