Lovely Professional University,Punjab

Format For Instruction Plan [for Courses with Lectures and Tutorials

Course No MGT591

Cours Title CORPORATE GOVERNANCE AND ETHICS

Course Planner 11242 :: Harpreet Singh Bedi

Lectures Tutorial Practical Credits 3 1 0 4

Text Book:

1 Corporate governance: Principles, policies and Practices, Fernando, A.C., Pearson

2 Business ethics: Concepts & cases, velasquez, Manuel G.,Pearson

Other Specific Book:

3 . Corporate governance: Principles, mechanism, and practices, Parthasarthy, Biztantra 4 . Mallin, A. Christine, Corporate governance, Oxford University press. 5 . Crane & Matten, Business ethics, oxford 6 . Prasad, corporate governance, PHI learning Pvt Ltd.

Other Reading Sr No Jouranls atricles as compulsary readings (specific articles, Complete reference) 7 Case Study: World COM http://prmia.org/pdf/Case_Studies/WorldCom_Case_Study_April_2009.pdf, http://www.moodyskmv.com/research/files/WorldCom.pdf 8 Creative Accounting: A fraudulent practice leading to corporate collapse by Subhajit gosh, The Management Accountant, March 2009, pp: 182-187. 9 Satyam Fraud A systemic failure by A.V. Ramana Rao, The Management Accountant, March 2009, pp:180-181 10 Is Indian corporate governance equitable by Rakesh Kumar Pandey, The Management Accountant, June 2009, pp:457-458 11 Employee Governance by R. Soundara Rajan, The Management Accountant, Feb 2009, pp:123-127 12 : Social Responsibility at Global Scale http://proquest.umi.com/pqdweb? index=0&did=1917207141&SrchMode=1&sid=1&Fmt=3&VInst=PROD&VType=PQD&RQT=309&VName=PQD&TS=1263013023& 1

Approved for Spring Session 2010-11

13 New Generation of Corporate Codes of Ethics http://proquest.umi.com/pqdweb? index=7&did=1913218431&SrchMode=1&sid=2&Fmt=6&VInst=PROD&VType=PQD&RQT=309&VName=PQD&TS=1263013136& 14 Article Bankrupsy Law in India www.insol.org/emailer/.../Bankruptcy%20law%20in%20Asia.pdf 15 The link between Competitive advantage and Corporate social responsibility, Harvard business Review, December 2006, pp: 78 85 16 10 ways to create shareholder value by Alferd Rappaport, Harvard Business Review, September 2006, pp: 66 74 17 Relation between corporate governance and corporate performance http://proquest.umi.com/pqdweb? index=6&did=1889954381&SrchMode=1&sid=2&Fmt=3&VInst=PROD&VType=PQD&RQT=309&VName= PQD&TS=1263013136&clien 18 Basel norms Challenges in india http://www.icai.org/resource_file/11050p426-432-oct04.pdf 19 How Indian banking will change with basel II http://www.crisil.com/crisil-young-thought-leader-2007/dissertations/Dissertation_MariaMathew.pdf 20 Case study Balancing Creativity and ethics in advertising http://www.icmrindia.org/business%20Updates/micro%20casestudies/Marketing/MCMK0012.htm 21 ASCI guidelines http://www.ascionline.org/regulation/ASCI_Code_of_Self_Regulation.pdf 22 Ethics in advertising http://ezinearticles.com/?Ethics-in-Advertising&id=1134642 23 Some overlooked issues in merger and acquisition http://papers.ssrn.com/sol3/papers.cfm?abstract_id=538662 24 Case study - Wal-Mart Class Action Gender Discrimination Case Holds http://www.business-marketing.com/store/article-walmart.html 25 Citigroups sale of Phibro, Case Folio, April 2010, Vol 10, No 4, PP 63 77 26 Corporate Fiasco & role of credit rating agencies, The Management Accountant, March 2010, Vol 45, No 3, PP 210 213 27 Case Study: when CEOs Personal crusade drives decisions, HBR, june 2010, Vol5, No6, PP102 107 28 Dell computer corporation http://mba.tuck.dartmouth.edu/pdf/2002-2-0014.pdf 29 Banking executive level fraud http://www.evestigate.com/Case_Studies/Case%20Study%20Banking%20Industry%20Finacial%20Fraud%20by%20Board %20Member%20Director%20CFO.pdf 30 Health south: A case study on corporate fraud http://www.arxisfinancial.com/images/pdfs/Fraud-Health_South_Case.pdf Relevant Websites Sr. No. (Web adress) (only if relevant to the courses) 31 www.encycogov.com 32 www.sebi.gov.in/commreport/corpgov.html Salient Features Encyclopedia for Corporate Governance, Cadbury report, Green buries report, Hampel report, code of conduct Articles related to Corporate Governance and latest news and guidelines

Detailed Plan For Lectures

Week Number Lecture Number Lecture Topic Chapters/Sections of Homework to be Assigned Pedagogical tool Textbook/other to students Demonstration/case reference study/images/anmatio n ctc. planned Approved for Spring Session 2010-11

Part 1
Week 1 Lecture 1 Lecture 2 Corporate governance an overview introduction Models of corporate governance, Corporate governance is more than just board processes & history Issues of corporate governance Theory & practice of corporate governance: the concept of corporate governance; Agency theory, stewardship theory, stakeholder vs shareholders Corporate governance systems; Anglo American model, German model, Japanese model; good corporate governance Mechanism of corporate governance Corporate governance committees; Cadbury committee, Greenbury committee, Hampel committee The turnbull committee, World bank on corporate governance, OECD Principle, Sabanes oxley act Development of codes and guidelines, Indian committees and guidelines; Companies act 1956, initiative Book :1,Ch1/4-9/1 Book :1,Ch1/1013/1 & Ch1/16-22/1 Book :1,Ch1/2330/1 Book :1,Ch2/46-51/1 HomeWork 1 Allocation

Lecture 3 Week 2 Lecture 4

Lecture 5

Book :1,Ch2/54-66/1

Lecture 6 Week 3 Lecture 7

Book :1,Ch4/27-32/3 ->Reference :7, Book :1,Ch3/77-80/1

Term Paper 1 Allocation

Ref 7

Lecture 8 Lecture 9

Book :1,Ch3/81-86/1 Book :1,Ch3/87-94/1

HomeWork 1 Submission

Week 4

Lecture 10

Narayan murthy committee, Kumar Mangalam Birla Book :1,Ch3/96-102/1 committee

HomeWork 2 Allocation

Part 2
Week 4 Lecture 11 Lecture 12 Week 5 Lecture 13 Lecture 14 Lecture 15 Rights & Responsibilities of Shareholders Investor problem and protection Corporate governance and stakeholders Mechanism & control Bankrupsy system in India Book :1,Ch4/121-125/1 & Ch4/128-132/1 Book :1,Ch5/145-158/1 Book :3,Ch 3/19-23/3 Book :3,Ch9/103-106/3 Book :3,Ch12/131142/3 ->Reference :14, Book :3,Ch7/77-90/3 & Ch16/195-197/3 Book :1,Ch8/226-230/1 Approved for Spring Session 2010-11 Ref 14

Week 6

Lecture 16 Lecture 17

Decision system & systemic problem Role, Duty & Responsibility of Auditor

Week 6

Lecture 18

Summary of best codes Revision of Syllabus Bank & corporate governance

Book :6,Ch8/167-176/6 HomeWork 2 Submission

Week 7

Lecture 19 Lecture 20 Lecture 21

Book :1,Ch9/250-254/1 Quiz 1 ->Reference :18, Book :1,Ch9/261-267/1

Ref 18

Ensuring sound corporate governance environment Book :1,Ch9/257-260/1 Ganguly committee recommendation

MID-TERM Part 3
Week 8 Lecture 22 Corporate social responsibility Book :3,Ch17/205209/3 ->Reference :12, Book :5,Ch1/4-14/5 HomeWork 3 Allocation Ref 12

Lecture 23

Ethical principles in business

Case study 4/ No such thing as free drink Ch1/6/5 Case Study5/ Supersize me Ch1/12-13/5 Case study Goodbye fish and chips Ch1/24/5

Lecture 24

Globalisation, Sustainability, The triple bottom line Ethical issues in relation to business and government Ethics in market place: Perfect competition and monopoly competition Ethics in advertising Revision of Syllabus Ethical issues in marketing: firm's duties to consumer, due care theory Ethical aspect of Mergers and acquisition Role of an accountant

Book :5,Ch1/14-27 & Ch11/463-469/5

Week 9

Lecture 25 Lecture 26

Book :2,Ch2/238-261/2 Book :2,Ch6/291-297/2 ->Reference :22, ->Reference :20, Book :2,Ch8/272-290/2 HomeWork 3 Submission Ref 20 Ref 22 Case study: A fitting Approach to Shoe Selling Case study-Enron Ch10/296-306/1

Lecture 27

Week 10

Lecture 28 Lecture 29

Book :5,Ch6/230-233/5 Book :5,Ch6/237-238/5 HomeWork 4 Allocation

Approved for Spring Session 2010-11

Part 4
Week 10 Lecture 30 Consumer as Stakeholder Book :5,Ch8/312-316/5 Case study New media, New danger Ch8/320-321/5 Ref 24

Week 11

Lecture 31 Lecture 32 Lecture 33

Ethics of job discrimination : Discrimination- extent, utility, rights Ethics of job discrimination : Discrimination- extent, utility, rights Corporate governance in South Africa and Brazil

Book :2,Ch7/316-319/2 ->Reference :24, Book :2,Ch7/330-350/2 Quiz 2 Book :4,Ch13/247259/4 ->Reference :13, ->Reference :6,Ch9/177-203/6

HomeWork 4 Submission Ref 13

Week 12

Lecture 34

Corporate governance in India

Case study Insider trading Ch19/532-535/1

Lecture 35 Lecture 36 Week 13 Lecture 37 Lecture 38 Lecture 39

Corporate governance in Europe Corporate governance in Asia Pacific Employee Governance Relation between Corporate governance and corporate performance Revision

Book :4,Ch10/159183/4 Book :4,Ch12/219241/4 ->Reference :11, ->Reference :17, Term Paper 1 Submission Ref 11 Ref 17, Case Dell Computer corporation

Spill Over
Week 14 Lecture 40 Lecture 41 Banking executive level fraud Competitive advantage and corporate social responsibility ->Reference :29, ->Reference :15,

Details of homework and case studies

Homework No. Homework 1 Topic of the Homework Conduct a research on the corporate governance codes followed in India and two other countries assigned by the instructor. Students will compare and analyse them so as to get a summary of best codes. Evaluation Sub5 marks viva10 marks Nature of homework (group/individuals/field work Individual

Approved for Spring Session 2010-11

Homework 2

Instructor will give cases to the group of 4 students. Students will submit the written analysis of the cases. Group The presentation will be given by student in a group of for each case. Evaluation Sub5 Presentation10 Time for presentation15 Minutes

Homework 3

Infosys is known to follow the Indian corporate governance standard very well. Compare the corporate Individual governance standards of Infosys with two other Indian companies assigned by the instructor and critically analyse them and report the differences in the CG practices of the analysed companies. Select a movie that you know involves people having to make ethical decisions in the organizations. Critically analyse the decisions taken and comment upon the appropriateness of the decisions. The movie will be allotted by instructor and presentation will be given by students on the same Group

Homework 4

Scheme for CA:out of 100*

Component Homework Term Paper Quiz Frequency 3 1 2 Total :Out Of 4 Each Marks Total Marks 15 25 15 55 45 25 30 100

* In ENG courses wherever the total exceeds 100, consider x best out of y components of CA, as explained in teacher's guide available on the UMS List of suggested topics for term paper[at least 15] (Student to spend about 15 hrs on any one specified term paper) Sr. No. Topic 1 Students are required to appear for the certificate program of NSE & Institute of Company Sectary of India for Corporate governance. : http://www.nseindia.com/content/ncfm/ncfm_about.htm 2 Select four companies of your choice and discuss the Corporate Governance Strategies undertaken by these companies and conduct a research and suggest what else these companies can do so as to enhance their Corporate Governance. Also analyse what were the main drawback of their current strategies. 3 Analyse the Investor Protection Strategies practised in different countries and critically analyse them to evaluate the worth of each strategies and the best strategy among them. (At least five countries) 4 Select at least Five companies form Group A of BSE and NSE and compare their corporate governance codes. And suggest which company will you recommend for Golden Peacock award for best corporate governance practices and why? 5 Select any Four cases on Accounting fraud and critically analyse these cases and draw a logical conclusion and bring out the main problems of the cases and what could be done so as to prevent such cases in the future. 6 Select any Four cases on IPO Scam and critically analyse these cases and draw a logical conclusion and bring out the main problems of the cases and what could be done so as to prevent such cases in the future. 6 Approved for Spring Session 2010-11

7 Select four movie of your choice that you know involves people having to make ethical decisions in the organizations. Use the events in the movie to provide a critical appraisal of the ethical decision making literature 8 Select any Four cases on Insider Trading and critically analyse these cases and draw a logical conclusion and bring out the main problems of the cases and what could be done so as to prevent such cases in the future. 9 Select the five countries of your choice and examine the code of conduct for advertisements followed their and also give the details of various unethical advertisements in those countries 10 Select five companies of your choice and analyse the impact of the Corporate governance policies and CSR activities on the performance of the companies in stock market. 11 Select four companies from the same sector and analyse their corporate governance strategies followed by them and find out the best company among them 12 Conduct a research on Corporate Governance as a Financial profitable strategy of firm. 13 Conduct a research on the CSR i.e. Corporate Social Responsibility becoming a Corporate Survival Strategy in India. 14 Nike (US sports goods company) has been targeted for a number of years regarding its employment policies: trace out : - Main ethical criticisms - Do the criticisms are justified Proposed course of action to appease the critics 15 Select four companies of your choice and discuss the CSR activities undertaken by these companies and conduct a research on SME's and find out what these companies are doing as part of their CSR activities and suggest what else these SME's can do so as to enhance their CSR

Plan for Tutorial: (Please do not use these time slots for syllabus coverage)
Tutorial No. Lecture Topic Type of pedagogical tool(s) planned (case analysis,problem solving test,role play,business game etc)

Tutorial 1 Tutorial 2 Tutorial 3 Tutorial 4 Tutorial 5 Tutorial 6 Tutorial 7

Satyam Fraud - Ref 9 Allocation of term paper Citi group's Phibro's case - Ref 25 Case Analysis How banking will change with basel II norms - Ref 19 Review of Term paper Revision of Syllabus

Case analysis Term paper Case analysis Case analysis Problem solving Term paper

After Mid-Term
Tutorial 8 Tutorial 9 Corporate Fiasco Ref 26 10 ways to create share holder's wealth Ref 16 Problem solving Problem solving

Approved for Spring Session 2010-11

Tutorial 10 Tutorial 11 Tutorial 12 Tutorial 13

Review of term paper Revision Is Indian corporate governance equitable Ref 10 Revision

Term paper Revision Case analysis Revision

Approved for Spring Session 2010-11