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Governance, Ethics & Social Responsibility of Business
Book ID SCS229
ISBN No. 978-81-8054-996-0
Book Name Governance, Ethics & Social Responsibility of Business
Book sub-title Second Edition
Author/s name/s : Gupta C.B.
Publisher Name Sultan Chand & Sons
Publishing Year 2014
Book Price (Printed) INR 185   
Book Price (Our Price) INR 185   
Book Size 18 x 24 cms.
Book Page xvi + 276
Book Weight 450 gms.


   Post Review
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A compulsory paper entitled "Governance, Ethics and Social Responsibility of Business" was introduced. This book has been especially designed and written as a text book for this paper. This book will be equally useful to students of other Indian Universities having similar syllabus.

Some of the distinctive features of the book are as follows:

  • Full coverage of the prescribed syllabus.
  • Sequential and logical arrangement of various topics strictly in accordance with the course contents.
  • Examples and cases to illustrate the text.
  • Summary at the end of each chapter for quick revision before the examination.
  • Test Questions culled from B.Com. (Hons.) examinations at the end of each chapter for self-examination.
  • Simple and lucid language.
  • Reader-friendly format.

This book has been especially designed and written for Paper CH 6.2 Semester VI of B. Com. (Hons.) course of Delhi University. It also meets the course contents of Paper Business Ethics & Social-Responsibility of B.Com. (Hons.) course of GGS Indraprastha University, Delhi. Some of the distinctive features of the book are as follows:

  • Learning objectives to indicate at a glance the topics covered in each chapter.
  • Tables and diagrams to illustrate the text.
  • Examples from India's corporate sector.
  • Summary at the end of each chapter for quick revision before the examination.
  • Test Questions at the end of each chapter.
  • Simple language and lucid style.
Book Content

Unit I : Thinking Conceptually

1. Politics (1.3-1.9)

     1.1. Traditional View of Politics (1.4)

     1.2. Modern View of Politics (1.4)

     1.3. Characteristics of Politics (1.5)

     1.4. Need for Study of Politics (1.6)

     1.5. Scope of Politics (1.6)

     1.6. Liberal Theory of Politics (1.7)

     1.7. Marxist Theory of Politics (1.7)

     1.8. Inter-relationship between Politics and Business (1.8)

  • Summary (1.9)
  • Test Questions (1.9)

2. Liberty (2.1-2.7)

     2.1. The Concept of Liberty (2.2)

     2.2. Features of Liberty (2.3)

     2.3. Negative Liberty (2.3)

     2.4. Positive Liberty (2.3)

     2.5. Liberty and Law (2.4)

     2.6. Kinds of Liberty (2.5)

     2.7. Safeguards for Liberty (2.6)

  • Summary (2.6)
  • Test Questions (2.7)

3. Equality (3.1-3.5)

     3.1. The Concept of Equality (3.2)

     3.2. Characteristics or Dimensions of Equality (3.2)

     3.3. Relationship between Liberty and Equality (     3.3)

     3.4. Types of Equality (3.4)

  • Summary (3.5)
  • Test Questions (3.5)

 

4. Justice (4.1-4.6)

     4.1. The Concept of Justice (4.2)

     4.2. Attributes or Features of Justice (4.2)

     4.3. Dimensions of Justice (4.3)

     4.4. Theories of Justice (4.4)

  • Summary (4.6)
  • Test Questions (4.6)

 

5. Rights and Recognition (5.1-5.8)

     5.1. The Concept of Rights (5.2)

     5.2. Characteristics of Rights (5.2)

     5.3. Types of Rights (5.3)

     5.4. Theories of Rights (5.4)

     5.5. The Concept of Recognition (5.5)

     5.6. Characteristics of Recognition (5.6)

     5.7. Importance of Recognition (5.6)

     5.8. Relationship between Recognition and Rights (5.7)

     5.9. Measures to Promote Recognition (5.7)

  • Summary (5.7)
  • Test Questions (5.8)

 

6. The Idea of a Good Society (6.1-6.6)

     6.1. Concepts of Society and Good Life (6.2)

     6.2. The Concept of a Good Society (6.3)

     6.3. Features of a Good Society (6.4)

     6.4. Is India a Good Society? (6.5)

  • Summary (6.5)
  • Test Questions (6.5)

 

7. Domain of Politics and Ethics (7.1-7.6)

     7.1. Domain of Politics (7.2)

     7.2. Domain of Ethics (7.3)

     7.3. Inter-relationship between Politics and Ethics (7.4)

     7.4. Distinction between Politics and Ethics (7.5)

  • Summary (7.6)
  • Test Questions (7.6)

 

8. Democracy and Welfare State (8.1-8.12)

     8.1. The Concept of Democracy (8.2)

     8.2. Characteristics of Democracy (8.3)

     8.3. Merits (Strengths) of Democracy (8.3)

     8.4. Demerits (Weaknesses) of Democracy (8.4)

     8.5. Types or Forms of Democracy (8.5)

     8.6. Conditions Essential for Success of Democracy (8.7)

     8.7. Concept of Welfare State (8.9)

     8.8. Functions of Welfare State (8.10)

     8.9. Hindrances and Problems of Welfare State (8.10)

     8.10. Is India a Welfare State? (8.11)

  • Summary (8.11)
  • Test Questions (8.12)

 

9. Market and Globalisation (9.1-9.7)

     9.1. The Concept of Market (9.2)

     9.2. The Concept of Globalisation (9.2)

     9.3. Advantages of Globalisation (9.3)

     9.4. Disadvantages of Globalisation (9.4)

     9.5. Globalisation in India (9.5)

  • Summary (9.7)
  • Test Questions (9.7)

 

Unit II : Approaches to Moral Reasoning

10. Moral Reasoning (10.3-10.12)

     10.1. Concept of Moral Reasoning (10.4)

     10.2. Characteristics of Moral Reasoning (10.4)

     10.3. Approaches to (Theories of) Moral Reasoning (10.4)

  • Summary (10.12)
  • Test Questions (10.12)

 

Unit III : Ethics in Business

11. Business Ethics (11.3-11.14)

     11.1. Meaning of Ethics (11.4)

     11.2. Concept of Business Ethics (11.6)

     11.3. Characteristics of Business Ethics (11.7)

     11.4. Need and Significance of Business Ethics (11.7)

     11.5. Factors Influencing Business Ethics (11.9)

     11.6. Measures to Promote Business Ethics (11.10)

     11. 7. Corporate Code of Ethics (11.11)

     11.8. Benefits of Code of Ethics (11.12)

     11.9. Limitations of Code of Ethics (11.12)

     11.10. Making Code of Ethics Successful (11.13)

  • Summary (11.13)
  • Test Questions (11.13)

 

12. Environment (12.1-12.11)

     12.1. Environmental Concerns (12.2)

     12.2. Need and Importance of Pollution Control (12.3)

     12.3. Sustainable Development (12.4)

     12.4. Approaches to Pollution Control (12.5)

     12.5. Role of Business in Environmental Degradation 12.7

     12.6. Role of Business in Environmental Protection   12.8

     12.7. Steps Taken by the Government to Control Pollution in India (12.9)

  • Summary (12.10)
  • Test Questions (12.10)

 

13. Accountability and Responsibility (13.1-13.8)

     13.1. Concept of Accountability (13.2)

     13.2. Need and Importance of Accountability (13.3)

     13.3. Measures to Ensure Accountability (13.3)

     13.4. Concept of Responsibility (13.4)

     13.5. Code of Conduct for Responsibility (13.6)

     13.6. Measures to Enforce Responsibility (13.6)

  • Summary (13.8)
  • Test Questions (13.8)

 

14. Leadership (14.1-14.16)

     14.1. Concept of Leadership (14.2)

     14.2. Qualities of a Good Leader (14.2)

     14.3. The Heroes of Our Times (14.3)

     14.4. Leaders – Born or Made (14.5)

     14.5. Roles of a Leader (14.6)

     14.6. Types of Leaders (14.7)

     14.7. Concept of Political Leadership (14.10)

     14.8. Qualities and Conduct of Political Leader (14.11)

     14.9. Types of Political Leaders (14.13)

     14.10. Leadership and Ethics (14.14)

  • Summary (14.15)
  • Test Questions (14.15)

 

15. Diversity (15.1-15.8)

     15.1. Concept of Diversity (15.2)

     15.2. Cultural Diversity (15.2)

     15.3. Workforce Diversity (15.3)

     15.4. Advantages of Workforce Diversity (15.4)

     15.5. Problems from Workforce Diversity (15.6)

     15.6. How to Manage Workforce Diversity (15.6)

  • Summary (15.7
  • Test Questions (15.8)

 

16. Discrimination (16.1-16.8)

     16.1. Concept of Job Discrimination (16.2)

     16.2. Bases of Job Discrimination (16.2)

     16.3. Advantages of Non-Discrimination (16.3)

     16.4. Is Job Discrimination Unethical? (16.4)

     16.5. Measures to Eliminate Job Discrimination (16.5)

  • Summary (16.8)
  • Test Questions (16.8)

 

Unit IV : Principles and Theories of Business Ethics

17. Business Ethics (17.3-17.13)

     17.1. Meaning and Nature of Business Ethics (17.4)

     17.2. Characteristics of Ethical Organisation (17.5)

     17.3. Relevance (Importance) of Business Ethics (17.6)

     17.4. Factors Governing Business Ethics (17.7)

     17.5. Principles of Business Ethics (17.8)

     17.6. Theories of Business Ethics (17.8)

     17.7. Corporate Governance and Business Ethics (17.11)

     17.8. Globalisation and Business Ethics (17.11)

     17.9. Stakeholders' Protection (17.13)

  • Summary (17.13)
  • Test Questions (17.13)

 

Unit V : Corporate Governance

18. Conceptual Framework of Corporate Governance (18.3-18.16)

     18.1. Meaning of Corporate Governance (18.4)

     18.2. Governance vs. Good Corporate Governance (18.4)

     18.3. Corporate Governance vs. Corporate Excellence (18.5)

     18.4. Benefits of Good Corporate Governance (18.6)

     18.5. Principles of Corporate Governance (18.6)

     18.6. Theories of Corporate Governance (18.7)

     18.7. Models of Corporate Governance (18.8)

  • Summary (18.15)
  • Test Questions (18.15)

 

19. Insider Trading (19.1-19.9)

     19.1. Concept of Insider (19.2)

     19.2. Meaning of Price Sensitive Information (19.2)

     19.3. Concept of Insider Trading (19.2)

     19.4. Examples of Insider Trading (19.3)

     19.5. Need for Regulating Insider Trading (19.5)

     19.6. Is Insider Trading Unethical and Illegal? (19.5)

     19.7. Measures for Prevention of Insider Trading (19.6)

  • Summary (19.8)
  • Test Questions (19.9)

 

20. Credit Rating Agencies (20.1-20.6)

     20.1. Meaning of Credit Rating Agencies (20.2)

     20.2. Role of Credit Rating Agencies in Corporate Governance (20.2)

     20.3. Functioning of Credit Rating Agencies (20.3)

     20.4. Flaws in the Role of Credit Rating Agencies (20.4)

     20.5. Suggestions for Improvement (20.5)

  • Summary (20.6)
  • Test Questions (20.6)

 

21. Whistle Blowing (21.1-21.15)

     21.1. Concept of Whistle Blowing (21.2)

     21.2. Characteristics of Whistle Blowing (21.2)

     21.3. Motives for Whistle Blowing (21.4)

     21.4. Types of Whistle Blowing (21.4)

     21.5. When Whistle Blowing is Morally Justified? (21.5)

     21.6. When Whistle Blowing is Morally Unjustified? (21.7)

     21.7. The Question of Self-Interest (21.7)

     21.8. Whistle Blower Policy (21.9)

  • Summary (21.14)
  • Test Questions (21.14)

 

22. Corporate Governance Reforms in India (22.1-22.14)

     22.1. Need for Corporate Governance Reforms (22.2)

     22.2. Initiatives for Governance Reforms in India (22.2)

     22.3. SEBI Norms – Kumar Mangalam Birla Committee (22.3)

     22.4. SEBI Code – Clause 49 of Listing Agreement (22.3)

     22.5. Corporate Governance in Public Sector Undertakings (22.7)

  • Summary (22.14)
  • Test Questions (22.14)

 

 

 

Unit VI : Corporate Scandals

23. Major Corporate Scandals (23.3-23.18)

     23.1. Junk Bond Scam (USA) (23.4)

     23.2. Bank of Credit and Commerce International (UK) (23.4)

     23.3. Maxwell Communication Corporation and Mirror Group Newspapers (UK) (23.6)

     23.4. Enron Corporation (USA) (23.7)

     23.5. World Com (USA) (23.8)

     23.6. Tyco International (USA) (23.9)

     23.7. Anderson Worldwide (USA) (23.11)

     23.8. Kirch Group (Germany) (23.12)

     23.9. Vivendi (France) (23.12)

     23.10. Parmalat (Italy) (23.13)

     23.11. Satyam Computer Services (India) (23.14)

     23.12. Common Governance Problems in Corporate Failures (23.16)

     23.13. Is Corporate Governance Always the Cause for Corporate Failures? (23.16)

  • Summary (22.17)
  • Test Questions (22.18)

 

Unit VII : Codes and Standards on Corporate Governance

24. Codes and Standards on Corporate Governance (24.3-24.13)

     24.1. Sir Adrian Cadbury Committee (UK) – 1992 (24.4)

     24.2. Greenbury Committee (UK) – 1995 (24.5)

     24.3. Calpers Global Corporate Governance Principles (USA) – 1996 (24.6)

     24.4. Hampel Committeeon Corporate Governance (UK) – 1997 (24.6)

     24.5. Combined Code of Best Practices (London Stock Exchange) – 1998 (24.6)

     24.6. Blue Ribbon Committee (USA) – 1999 (24.7)

     24.7. OECD Principles of Corporate Governance – 1999      24.8

     24.8. CACG Guidelines for Corporate Governance – 1999 (24.10)

     24.9. Euroshareholders Corporate Governance Guidelines – 2000 (24.11)

     24.10. Principles of Good Governance (UK) – 2010 (24.11)

     24.11. Sarbanes-Oxley (SOX) Act (USA) – 2002 (24.11)

     24.12. Smith Report (UK) – 2003 (24.12)

  • Summary (24.12)
  • Test Questions (24.12)

 

Unit VIII : Corporate Social Responsibility

25. Corporate Social Responsibility (25.3-25.16)

     25.1. Meaning of Corporate Social Responsibility (25.4)

     25.2. Arguments for CSR (25.6)

     25.3. Arguments against CSR (25.7)

     25.4. CSR and Corporate Responsibility (CR) (25.8)

     25.5. CSR and Corporate Philanthropy (CP) (25.8)

     25.6. CSR and Corporate Sustainability (CS) (25.8)

     25.7. CSR and Business Ethics (25.9)

     25.8. CSR and Corporate Governance (CG) (25.10)

     25.9. Environmental Aspects of CSR (25.10)

     25.10. Models of CSR (25.12)

     25.11. Drivers of CSR (25.13)

     25.12. ISO 26000 (25.14)

  • Summary (25.15)
  • Test Questions (25.15)

 

Appendix: Question Papers of Delhi University (A.1-A.2)

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