Management 1 (Organizational Behaviour/Finance & Accounting) | 26. Ethics and Corporate Governance by Abraham | Learn Smarter
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26. Ethics and Corporate Governance

The chapter explores the critical integration of ethics and corporate governance, emphasizing their importance in the modern business environment. It outlines key principles of business ethics, ethical decision-making approaches, and the objectives and structures of corporate governance. Additionally, it discusses the role of technology, challenges faced in implementation, and best practices that promote sound ethical governance in organizations.

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Sections

  • 26

    Ethics And Corporate Governance

    This section covers essential principles and frameworks related to ethics and corporate governance in business, highlighting their significance in promoting trust, accountability, and sustainability.

    Learning Practice

  • 26.1

    What Is Business Ethics?

    Business ethics involves applying ethical principles to business operations to maintain integrity, fairness, and accountability.

    Learning Practice

  • 26.2

    Importance Of Ethics In Business

    This section emphasizes the significance of ethics in business, outlining how ethical behavior fosters trust, enhances brand reputation, minimizes legal risks, promotes employee loyalty, and ensures long-term sustainability.

    Learning Practice

  • 26.3

    Ethical Issues In Business

    This section discusses common ethical challenges faced in business, highlighting issues such as bribery, discrimination, and environmental harm.

    Learning Practice

  • 26.4

    Approaches To Ethical Decision-Making

    This section presents four key approaches to ethical decision-making in business.

    Learning Practice

  • 26.5

    What Is Corporate Governance?

    Corporate governance involves the processes and structures that direct and control corporations, balancing the interests of various stakeholders.

    Learning Practice

  • 26.6

    Objectives Of Corporate Governance

    Corporate governance aims to ensure accountability, protect stakeholder interests, and promote transparency.

    Learning Practice

  • 26.7

    Principles Of Corporate Governance (Oecd Guidelines)

    The OECD Guidelines outline essential principles for effective corporate governance, focusing on transparency, accountability, fairness, responsibility, and sustainability.

    Learning Practice

  • 26.8

    Structure Of Corporate Governance

    The structure of corporate governance involves key participants such as the board of directors, executives, shareholders, audit committees, and regulators who collaborate to ensure effective governance.

    Learning Practice

  • 26.9

    Corporate Governance In India

    This section discusses corporate governance in India, highlighting key regulations and initiatives that shape its framework.

    Learning Practice

  • 26.10

    Corporate Governance Vs. Business Ethics

    This section delineates the distinctions between corporate governance and business ethics, highlighting their unique natures, objectives, enforcement mechanisms, and scopes.

    Learning Practice

  • 26.11

    Role Of Technology In Ethics And Governance (Relevant To Cse Students)

    This section discusses how technology impacts ethics and governance in business, focusing on AI, blockchain, data privacy, and digital reporting systems.

    Learning Practice

  • 26.12

    Case Studies

    This section highlights two significant case studies, Satyam Scandal and Infosys, illustrating the importance of ethics and corporate governance in business.

    Learning Practice

  • 26.13

    Best Practices For Ethical Governance

    This section outlines essential practices that enhance ethical governance within organizations.

    Learning Practice

  • 26.14

    Challenges In Implementing Ethics And Governance

    This section discusses the key challenges businesses face in implementing ethical standards and corporate governance.

    Learning Practice

References

Chapter_26_Ethic.pdf

Class Notes

Memorization

What we have learnt

  • Business ethics is fundamen...
  • Corporate governance involv...
  • There are significant ethic...

Final Test

Revision Tests