MARIAN INTERNATIONAL INSTITUTE OF MANAGEMENT

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BUSINESS ETHICS AN INDIAN PERSPECTIVE

By: FERNANDO, AC
Material type: TextTextPublisher: PEARSON ISBN: 978-8131774342Subject(s): THEORIES UNDERLYING THE ISSUES AND PROBLEMS :Dc BUSINESS ETHICS . Business Ethics: An Overview Principles of Personal Ethics Principles of Professional Ethics What Is Business Ethics? What Is Not Business Ethics? Code of Conduct and Ethics for Managers Evoiufion of Ethics Over the Years importance and Need for Business Ethics c..-cance of Business Ethics rorpesty, Integrity and Transparency Are the Touchstones of Business Ethics 1.a aes and Ethics in Business VaLes, Ethics and Business Strategy Ds--..ction Between Values and Ethics Roc-s of Unethical Behaviour Does Business Have Such a Negative Image? 00"s/ Should Businesses Act Ethically? F.---rcal Decision-making Corporations Observe Ethics in Their Organizations? C- BingBusiness Environment and Ethical Challenges 2-Drporcrte Governance Ethics -cw Ethics Can Make Corporate Governance More Meaningful marts from Managing Ethics in Workplace cracteristics of an Ethical Organization z!..ecognizing Ethical Organizations Ethical Dilemmas, Sources and Their Resolutions What is an Ethical Dilemma? How Ethical Dilemmas in Business Affect the Stakeholders? Corporate Dilemma Over Ethical Behaviour Sources of Ethical Problems Why Does Business Have a Negative Image? Why Businesses Should Act Ethically? How Corporations Observe Ethics to Reduce Dilemmas? Code of Personal Ethics for Employees How to Create an Ethical Working Environment? How Does a Company Establish Ethical Standards? Walton's Six Models of Business Conduct How to Resolve an Ethical Problem? How to Resolve Ethical Dilemmas? Concepts and Theories of Business Ethics Definitions of Ethics Ethics and Business Ethics morality and Law Are Moral Standards Formed? Religion and Morality Morality, Etiquette and Professional Codes Management and Ethics Normative Theories Ethical Theories in Relation to Business Some More Normative Theories of Business Ethics Teachings of the Church Indian Ethical Traditions. Which Approach to Use? Ethical Decision Making with Cross-holder Conflicts and Competition Applying Moral Philosophy to Ethical Decision Making Kohlberg's Model of Cognitive Moral Development Influences on Ethical Decision Making Personal Values and Ethical Decision Making Corporate Values and Ethical Decision Making Role of Corporate Governance in Ensuring Ethics in the Workplace A Framework of Ethical Decision Making The Process of Making Good Ethical Decisions : Ethical Decision-making in Business Ethical Models That Guide Decision Making Globalization and Business Ethics Growth of Global Corporations Factors Facilitating Globalization Doing Business in a Diverse World Role of Multinational Corporations Excessive Economic Clout Current Issues—Multinational Corporations International Business Issues Benefits of MNCs to the Host Nation Disadvantages of MNCs to the Host Country international Codes of Business Conduct The Limits of Voluntary Approach Caux Round Table: Principles for Business Challenges of Globalization in the Context of Growing Market Economies Public Awareness and Scrutiny Technological Challenges and Opportunities The Physical Environment The Social Environment Key Global Issues for Business Corporate Governance Is a Prerequisite for Globalization. Creating an Ethical Organization Introduction The Problem Is Not with Corporations, But the People Who Run Them Fat Pay Did Not Ensure Better Governance Fraudulent Accounting Too Played Its Destructive Role ; Independent Directors Too Did Not Help Reduce Malpractices Reasons for the Failure of Conventional Measures Suggestions to Improve Corporate Virtue Role of Corporate Governance The Role of Corporate Culture .Role of Corporate Social Responsibility. Other Influences in Creating an Ethical Organization.Developing and Executing a Comprehensive Ethics Programme .Codes of Conduct .Ethics Committees . Ethics Communication Systems . Ethics Office/Officers . Ethics Training Programmes. Disciplinary System. Summary .'. Discussion Questions '. Notes . Further Readings .Case Study: Wipro Limited: An Earnest Effort to Create an Ethical Organizations. .HOW CAN ETHICS BE APPLIED IN DAY-TO-DAY BUSINESS? .: Corporate Ethics: Good Governance What Is Corporate Governance? Definitions of Corporate Governance . Desiderata of Corporate Governance. A Historical Perspective of Corporate Governance . Significance of Corporate Governance to Developing Countries. Issues in Corporate Governance .Major Thrust Areas of Corporate Governance. Strategies and Techniques Basic to Sound Corporate Governance .Benefits to Society . Benefits to Corporation. Indian Model of Corporate Governance .What Is 'Good' Corporate Governance? . Obligation to Investors .Obligation to Employees . Obligation to Customers . Managerial Obligation 168 Legislative Changes .Introduction of Regulations . Implementation of Recommendations of Birla Committee Report The Reserve Bank's and Other Regulations Self-regulation Pioneers in Good Governance Practices Corporate Governance in India—A Performance Appraisal Future of Corporate Governance in India Impetus for the Growth of Corporate Governance in India Summary Key Words Discussion Questions Notes Further Readings Case Study: Tata Steel—A Company That Also Makes Steel Chapter 8: Corporate Ethics: Investors' Rights, Privileges, Problems and Protection Introduction Ethical Governance Needed to Protect Stakeholders Theoretical Basis--Agency Costs Long-term Shareholder Value Rights of Shareholders Views of Various Committees on the Issue cior Track Record of Shareholder Protection in India Guide for Investors/Shareholders Investor Protection in India N. K. Mitra Committee on Investor Protection Problems of Investors in India Law Enforcement for Investor Protection lacunae in Investor Protection SEBI's Poor Performance and Suggestions for Improvement Summary Key Words Discussion Questions Notes Further Readings Case Study: On Insider Trading (HLL-BBLIL Merger) Chapter 9: Handmaid of Ethics: Corporate Social Responsibility Introduction Why Social Responsibility of Business? Definitions of CSR bday's Corporate Social Responsibility Theoretical Justification for CSR W^crr Are Corporations Expected to Do? Models for Implementation of CSR CSR as a Business Strategy for Sustainable Development. Advantages of CSR Scope of CSR Steps to Attain CSR External Standards on CSR Prestigious Awards for CSR The Indian Perspective India on the Ethical/CSR Matrix Core-BCSD India Ethics and Social Responsibility of Business Social Responsibility and Indian Corporations—A Score Card Future of Indian CSR Summary Key Words Discussion Questions Notes Further Readings Case Study: Dr Reddy's Laboratories: Commitment to All-round Corporate Excellence Chapter 10: Ethics of Consumer Protection Introduction Consumer—An Important Stakeholder Hidden Taxation on Society Stakeholder Alliance Consumer and Consumer Protection Parties to Consumer Protection History and Growth of Consumer Protection Ralph Nader's Contribution to Consumer Protection Consumer Protection, Why and How Consumer Duties and Responsibilities Consumer Protection: Indian Scenario Spate of Consumer-oriented Legislations How Are Indian Consumers Exploited? Consumer Protection in India Legal Protection to Consumers Consumer Protection Act, 1986 Consumer Protection (Amendment) Act, 2002 Prevention of Food Adulteration Act, 1954 Institutional Arrangements Under COPRA Quality Standards Standards of Weights and Measures Role and Initiatives of Voluntary Organizations Other Initiatives to Promote Consumer Protection Summary Key Words Discussion Questions Notes Further Reading Case Study: Wockhardt Ltd—Divergence Between Precepts and Practices. Environmental Ethics Introduction Environmental Concerns History of Environmentalism Environmental Philosophy Environmental Preservation: Role of Stakeholders Future Outlook on Environment Partnerships International Issues Sustainable Development Costs and Benefits of Environmental Regulation Trade and the Environment Industrial Pollution Role of Corporations in Environmental Management Innovative Business Responses to Environmental Regulations Waste Management and Pollution Control Improving Corporate Environmental Performance Need for a New Approach Environmental Audit Managing Environmental Issues Product Differentiation Managing Regulation Redefining Markets Environmental Risk Management Environmental Management in India Charter for Voluntary Pollution Control Corporate India Gets Eco-friendly India's Environment Policy Summary Key Words Discussion Questions Notes Further Readings Case Study-1: E-Waste: The Latest Contributor to Environmental Degradation* Case Study-2: Tirupur—A Study on Its Environmental Degradation Chapter 12: Role of Various Agencies in Ensuring Ethics in Corporations Introduction Public Opinion Role of Auditors in Ensuring Business Ethics Role of Board of Directors in Ensuring Ethical Business Media and Business Ethics Ethics in Advertising Role of Government Agencies in Ensuring Ethical Practices Role of the Judiciary Role of SEBI in Ensuring Ethical Corporate Governance. THEORIES UNDERLYING THE ISSUES AND PROBLEMS OF BUSINESS ETHICS Business Ethics: An Overview Introduction Principles of Personal Ethics Principles of Professional Ethics What Is Business Ethics? What Is Not Business Ethics? Code of Conduct and Ethics for Managers Evolution of Ethics Over the Years Importance and Need for Business Ethics Significance of Business Ethics Honesty, Integrity and Transparency Are the Touchstones of Business Ethics Values and Ethics in Business Values, Ethics and Business Strategy Distinction Between Values and Ethics Roots of Unethical Behaviour Why Does Business Have Such a Negative Image? Why Should Businesses Act Ethically? Ethical Decision-making How Corporations Observe Ethics in Their Organizations? Changing Business Environment and Ethical Challenges Corporate Governance Ethics How Ethics Can Make Corporate Governance More Meaningful
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