CS_PP :: 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. |
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| 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. |
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| 3. | An analysis of legislative framework of corporate governance in various countries – such as UK, USA, India. |
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| 4. | Corporate communication; art and craft of investors relations; shareholders activism, investor protection and changing role of Institutional Investors. |
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| 5. | Corporate Social Responsibility and good corporate citizenship. |
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| 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. |
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Part B : Business Ethics (30 Marks)
| 7. | Genesis, significance and scope; organization perspectives. |
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| 8. | Ethical principles in business – codes and innovations. |
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| 9. | Concept of the stakeholders’ organization. |
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| 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. |
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Part C: Corporate Sustainability (20 Marks)
| 12. | Genesis, meaning, nature, objectives, significance and scope of corporate sustainability. |
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| 13. | Sustainability reporting – frameworks and guidance; trends and drivers; business benefits of corporate sustainability reporting; leadership programmes and stakeholder engagement; corporate sustainability management systems. |
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| 14. | Legal framework; conventions and treaties on environmental, health and safety and social security issues. |
| 15. | Principle of Absolute Liability – Case studies. |
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| 16. | Contemporary developments. |
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Readings
| Title | Author | Publisher |
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| Corporate Governance | Taxmann | ICSI & Taxmann Publication |
| Corporate Governance Principles, Policies and practices | A C Fernando | Dorling Kindersley |
| A Guide to Corporate Governance | N Gopalsamy | New Age International Publishers |
| Corporate Governance: Concept & Dimensions | Sanjiv Agarwal | Snow White Publications |
| Corporate Governance: Contermporary, Issues and Challenges | P V Sarma & S Rajani (ed.) | Vedams eBooks |
| Board Leadership | John Carver | Jossey-Bass Books |
| Institutional Investors and Corporate Governance | Baums, Buxbaum, Hopt (ed.) | Walter de Gruyter |
| Law of Corporate Governance, Principles and Perspective | K R Sampath | Snow white Publications |
| Corporate Governance and Chairmanship – A personal View | Adrian Cadbury | Oxford University Press |
| A Companion to Business Ethics | Robert E Frederick (ed.) | Balck well Publishers |
| Are you a Company Director | | ICSI |
| Monograph on Position, Duties & Liabilities of Directors | | ICSI |
| Guidance Note on Board’s Report | | ICSI |
