SEMESTER- I I Scheme of Examination and Courses of Reading for B. Com . (Hons.) based on NEP SCHOOL OF OPEN LEARNING University of Delhi Syllabus Applicable for the students seeking admission to B. Com .(Hons.) Course from 20 22 -202 3 onwards B.COM. (HONS.) SEMESTER-II CORE COURSE (DSC) (All are compulsory) DSC-4 : Corporate Accounting DSC-5 : Company Law DSC-6 : Human Resource Management GENERIC ELECTIVE (GE) (Choose Any One) BBA (FIA) : Essentials of Financial Investment OR Fundamentals of Econometrics BMS : Ethics and Governance in Business OR Family Business and Management Economics : Principles of Macroeconomics I English : Individual and Society History : Delhi Through the Ages from Colonial to Contemporary Times Mathematics : Introduction to Linear Algebra Political Science : Introduction to the Indian Constitution ABILITY ENHANCEMENT COURSE (AEC) (Choose Any One) Assamese : AEC (A) - I : Translation and Interpretation in Assamese (For students who have studied the language upto class VIII and above) AEC (B)-I : Basic Assamese (For students who have not studied the language) Bengali : AEC (A)-I : Translation and Interpretation in Bengali (For students who have studied the language upto class VIII and above) AEC (B)-I : Basic Bengali (For students who have not studied the language) Hindi A – Hindi Bhasha : Sampreshan aur Sanchar (for students who studied Hindi upto 12 th std.) Hindi B – Hindi Aupcharik Lekhan (for students who studied Hindi upto 10 th std.) Hindi C – Social Media Aur Blog Lekhan (for students who studied Hindi upto 8 th std.) Punjabi : Punjabi Bhasha Da Mudhla Padhar Sanskrit: A – Advance Niti Literature in Sanskrit (for students who studied Sanskrit upto 12 th std.) Sanskrit: B – Introductory Upanishad and Gita (for students who studied Sanskrit upto 10 th std.) Sanskrit: C – Introduction to Sanskrit Language (for students who studied Sanskrit upto 8 th std.) Tamil AEC (A)-I : Translation and Interpretation in Tamil (For students who have studied the language upto class VIII and above) AEC (B)-I : Basic Tamil (For students who have not studied the language) Telu gu AEC (A) - I : Translation and Interpretation in Telugu (For students who have studied the language upto class VIII and above) AEC (B)-I: Basic Telugu (For students who have not studied the language) Urdu-A (for students who studied Urdu upto 12 th std.) Urdu-B (for students who studied Urdu upto 10 th std.) SKILL ENHANCEMENT COURSE (SEC) (Any one other than opted in Sem-I) Commerce: Finance for Everyone English: Communication in Everyday Life Hindi: रंगमंच VALUE ADDED COURSE (VAC) (Any one other than opted in Sem-I) English: Reading Indian Fiction in English Hindi: भारतीय भिÈत परंपरा और मानव मूãय Political Science: Constitutional Values and Fundamental Duties Sanskrit: Yoga : Philosophy and Practice CREDIT DISTRIBUTION, ELIGIBILITY AND PRE-REQUISITES OF THE COURSE Course title & Code Credits Credit distribution of the course Eligibility criteria Pre-requisite of the course (if any) Lecture Tutorial Practical/ Practice Corporate Accounting DSC- 2.1 4 3 1 0 Pass in XII Pass in Financial Accounting (DSC-1.3) Discipline Specific Core Course- Commerce DSC-4 : Corporate Accounting Learning Objectives The course aims to help learners to acquire conceptual knowledge of corporate accounting systems and to learn the techniques of preparing the financial statements of companies. Learning Outcomes After completion of the course, learners will be able to: 1. Analyse the matters related to issues of share capital, debentures, bonus shares, redemption of preference shares and debentures of a company. 2. Prepare financial statements of companies manually as well as using online software. 3. Interpret the valuation of intangible assets and shares. 4. Describe accounting for Amalgamation and Internal Reconstruction of Companies. 5. Prepare Annual Reports of companies and analyse the voluntary and mandatory information contained in them. SYLLABUS OF DSC-2.1 Unit 1: Accounting for Share Capital and Debentures (6 hours) Types of shares; Accounting for Share Capital, Issue of Rights and Bonus Shares; ESOPs and Buy-Back of shares; Issue and Redemption of preference Shares and Debentures. Underwriting of Shares and Debentures. [In reference to Relevant Accounting Standards (AS and Ind AS) and Guidance Notes as applicable.] 1 Unit 2: Financial Statements of Companies (12 hours) Preparation of financial statements of corporate entities including one Person Company (excluding calculation of managerial remuneration) as per Division I and II of Schedule III of the Companies Act 2013; Related Parties as per AS-18, Preparation of Statement of Profit and Loss, Balance Sheet, Statement of Equity and Cashflow Statement manually and using appropriate software. Interpreting the ratios calculated as per ScheduleIII of the Companies Act 2013 [with reference to Relevant Accounting Standards (AS and Ind AS) and the relevant provisions of The Companies Act, 2013, as applicable.]. Calculation of EPS as per AS 20. Unit 3: Valuation of Intangible Assets and Shares (9 hours) Valuation of Intangible Assets and Shares. Value Added Statement, Economic Value Added, Market Value Added, and Shareholder Value Added. Unit 4: Amalgamation of Companies and Internal Reconstruction (9 hours) (a) Accounting for Amalgamation of Companies (excluding inter -company holdings) applying AS 14/Ind AS 103. (b) Accounting for Different forms of Internal Reconstruction (excluding drafting of Internal Reconstruction Scheme). Unit 5: Corporate Financial Reporting (9 hours) Meaning, need and objectives; Constituents of Annual Report and how it is different from financial statements; Contents of report of the Board of Directors; XBRL Reporting. Drafting of Notes to Accounts. Segment Reporting as per AS - 17, Sustainability Reporting, Triple Bottom Line Reporting, CSR Reporting. Notes: 1. The relevant Accounting Standards (both AS & Ind AS) for all of the above topics should be covered. 2. Any revision of the relevant Indian Accounting Standards/Accounting Standards would become applicable. 3. The relevant provisions of The Companies Act, 2013, as applicable for all of the above topics should be covered. Practical Exercises: The learners are required to: 2 1. Collect prospectus issued by reputed companies, and examine the matters related to issue of shares. 2. Prepare financial statements of companies manually as well as using appropriate software. 3. Examine the annual reports of business organisations to find out whether applicable accounting standards (AS and Ind AS) are complied with or not. 4. Value Intangible Assets and Shares of a company. 5. Collect information from business newspapers, periodicals, print and digital media on the amalgamation of companies and prepare a report. 6. Download annual reports of reputed companies from the websites and analyse the voluntary and mandatory information contained in these statements. 7. Download and analyse notes on accounts from the annual reports of reputed companies from the websites. Suggested Readings ● Bergeron, B. (2003). Essentials of XBRL: Financial Reporting in the 21st Century (1 st Ed.). New Jersey: John Wiley & Sons. ● Dam, B. B., & Gautam, H. C. (2019). Corporate Accounting. Guwahati: Gayatri Publications. ● Goyal, B. K. (2021). Corporate Accounting. (7 th Ed.). New Delhi: Taxmann Publication. ● Goyal, V. K., & Goyal, R. (2012). Corporate Accounting. (3 rd Ed.). New Delhi: PHI Learning. ● Jain, S. P., & Narang, K. L. (2015). Corporate Accounting . New Delhi: Kalyani Publishers. ● Kumar, A. (2021). Corporate Accounting . (7 th Ed.). New Delhi: Singhal Publications. ● Maheshwari, S. N., Maheshwari, S. K.,& Maheshwari, S. K. (2018). Corporate Accounting. (6 th Ed.). New Delhi: Vikas Publishing House. ● Monga, J. R,& Bahadur, R. (2022). Fundamentals of Corporate Accounting. (27 th Ed.). New Delhi: Scholar Tech Press. ● Mukherjee, A., & Hanif, M. (2017). Corporate Accounting . (2 nd Ed.). New Delhi: Tata McGraw Hill Education. ● Mukherjee, S., & Mukherjee, A. (2019). Corporate Accounting . (1 st Ed.). New Delhi: Oxford University Press. ● Sah, R.K. (2019). Concept Building Approach to Corporate Accounting (2 nd Ed.). Cengage. ● Sehgal, A. (2012). Fundamentals of Corporate Accounting. (3 rd Ed.). New Delhi:Taxmann Publication. ● Shukla, M. C., Grewal, T. S., & Gupta, S. C. (2016). Advanced Accounts. Vol.-II. (19th Ed.). New Delhi: S. Chand Publishing. ● Tulsian, P. C., & Tulsian, B. (2008). Corporate Accounting . (Rev. Ed.). New Delhi: S. Chand Publishing. 3 Additional Resources ● Accounting Standards at the Website of the Institute of Chartered Accountants of India. ● Indian Accounting Standards at the Website of the Ministry of Corporate Affairs. ● The Companies Act, 2013 as amended from time to time. Note: Suggested readings will be updated by the Department of Commerce and uploaded on the Department's website. 4 CREDIT DISTRIBUTION, ELIGIBILITY AND PRE-REQUISITES OF THE COURSE Course title & Code Credits Credit distribution of the course Eligibility criteria Pre-requisite of the course (if any) Lecture Tutorial Practical/ Practice Company Law DSC- 2.2 4 3 1 0 Pass in XII NIL Learning Objectives The course aims to develop and comprehend business and its processes in accordance with the provisions of the Companies Act, 2013 while analysing case laws. Learning Outcomes After completion of the course, learners will be able to: 1. Analyse the regulatory aspects and the broader procedural aspects involved in different types of companies covering the Companies Act, 2013 and Rules. 2. Prepare the basic legal documents required for formation of a company. 3. Analyse the process and documents required for raising capital for the company. 4. Analyse the managerial composition of companies and examine the process of company meetings. 5. Evaluate the framework of dividend distribution and develop understanding of the winding up process including Insolvency Resolution. SYLLABUS OF DSC-2.2 Unit 1: Introduction (9 hours) Meaning and characteristics of a company; Lifting of corporate veil; Overview of administration of Company Law; Types of companies including private and public company, government company, foreign company, one person company, small company, associate company, dormant company and producer company; Association not for profit; Illegal association. Unit 2: Formation and Incorporation documents (9 hours) Formation of company, promoters, their legal position and pre -incorporation contracts; Online registration of a company. Memorandum of Association and its alteration, Articles of DSC-5 : Company Law Discipline Specific Core Course- Commerce 5 Association and its alteration, Doctrine of constructive notice, Doctrine of ultra vires and indoor management. Unit 3: Share Capital (9 hours) Prospectus, Shelf and Red herring prospectus, misstatement in prospectus; Book building. Allotment and Forfeiture of share, Sweat Equity, ESOPs, Bonus issue, and Further issue of shares, buyback, split of sharers and provisions regarding buyback; Transfer and transmission of shares; Demat system. Unit 4: Management and Meetings (9 hours) Directors: Legal position, Disqualifications, Director Identification Number (DIN); Classification of directors -Additional, Alternate and Casual directors, Women directors, Independent director, small shareholder’s director; Appointment, Removal of directors; Powers and Duties; Key managerial personnel (KMP); Board Meetings; Shareholders’ meetings: AGM and EGM. Convening and conduct of meetings: Requisites of a valid meeting; Resolutions (Virtual meetings); Postal ballot; e-voting. Unit 5: Dividends, Audit and Winding up (9 hours) Provisions relating to payment of Dividend. Company Audit: auditor’s qualification and disqualifications, Auditor’s appointment, rotation and removal, Secretarial Audit. Winding Up: Concept and Modes of Winding Up; Provisions of winding up under Insolvency and Bankruptcy Code 2016. Practical Exercises The learners are required to: 1. Identify the type of company based on information available on NSE/BSE website and then analyse the regulatory and procedural aspects covering the Companies Act, 2013. 2. Fill dummy SPICe+ form for incorporation of a company. 3. Write about the timeline and details of the book building process of an actual IPO/FPO. 4. Identify the actual composition of the Board of Directors and examine the minutes of AGM/EGM of listed companies. 5. Analyse a case study on the winding up of a company. Suggested Readings ● Jagota, R. (2021). Corporate Laws . New Delhi: Taxmann Pvt Ltd. ● Kapoor, N. D. (2022). Corporate Laws . New Delhi: Sultan Chand. ● Kaur. H. (2022). Company Law . New Delhi: Kitab Mahal. ● Kuchhal, M. C. & Kuchhal, A. (2013). Company Law , Mahavir Publications. ● Kumar, A. (2021). Corporate Laws . New Delhi: Taxmann Pvt. Ltd. ● Maheshwari, S. N., & Maheshwari, S. K. (2015). Elements of Corporate Laws . New Delhi: Himalaya Publishing House Pvt. Ltd. 6 ● Maheshwari, S. N., & Maheshwari, S. K. (2019). Company Law . New Delhi: Himalaya Publishing House Pvt. Ltd. ● Ramaiya, A. (2020). A Guide to Companies Act . India: LexisNexis. Additional Resources ● Hanningan, B. (2021). Company Law . UK: Oxford University Press. ● Sharma, J. P. (2020). An Easy Approach to Corporate Laws . New Delhi: Ane Books Pvt. Ltd. Note: Suggested readings will be updated by the Department of Commerce and uploaded on the Department's website. 7 CREDIT DISTRIBUTION, ELIGIBILITY AND PRE-REQUISITES OF THE COURSE Course title & Code Credits Credit distribution of the course Eligibility criteria Pre-requisite of the course (if any) Lecture Tutorial Practical/ Practice Human Resource Management DSC - 2.3 4 3 1 0 Pass in XII NIL Learning Objectives The course aims to acquaint the learners with the techniques and principles to manage human resources of an organisation for better performance and workplace environment. Learning Outcomes After the completion of the course, the learners will be able to: 1. Evaluate the importance of contemporary and emerging HR issues. 2. Analyse the concept and sources of recruitment and selection process. 3. Devise employee training and development programs. 4. Design performance appraisal techniques and compensation schemes. 5. Design HR policies for employee engagement and experience; grievance redressal, employee health, safety, welfare, social security, and stress-free work life balance. SYLLABUS OF DSC-2.3 Unit 1: Introduction to Human Resource Management (9 hours) Concept and functions; Role, status and competencies of HR manager; HR policies; Evolution of HRM; Emerging challenges of HRM - Workplace diversity, empowerment, downsizing, VRS, work life balance. DSC-6 : Human Resource Management Discipline Specific Core Course- Commerce 8 Unit 2: Procurement of Human Resource (9 hours) Human resource planning- Quantitative and qualitative dimensions; Job analysis – Job description and job specification; Recruitment – concept and sources; Selection – concept and process; Test and interview; Placement, induction and socialization; Retention of employees. Unit 3: Upgrading Employees: Training and Development (9 hours) A. Concept and significance; Role specific and competency -based training; Training and development methods – Apprenticeship, understudy, job rotation, vestibule training, case study, role playing, hands on, shadowing, e -learning, sensitivity training, In- basket, management games, conferences and seminars, coaching and mentoring, management development programs; Training process outsourcing. B. Scope of training; On board, soft skills, technical skills, product & service, quality, anti - harassment, legal. Unit 4: Performance Appraisal and Compensation Management (9 hours) Performance appraisal- Nature, objectives and process; Performance management; Methods of performance appraisal; Potential app raisal; Employee counselling; Job Transfer and promotion. Compensation - Concept and policies, Base and supplementary compensation; Individual, group and organisation incentive plans; Fringe benefits; Performance linked compensation; Employee stock option; Pay band compensation system; Job evaluation. Unit 5: Employee Maintenance, Engagement and Emerging Horizons (9 hours) Employee health and safety; Employee welfare; Social security (excluding legal provisions); Employer-employee relations; Grievance handling and redressal; Industrial disputes: Causes and settlement machinery, Stress-free environment, Rejuvenation breaks and leisure activities. Emerging Horizons; Redundant manpower, e -HRM; Human Resource Information System (HRIS); HR Audit, Emerging job opportunities, Talent management, Employee burnout, Work life balance, Work from Home. Practical Exercises The learners are required to: 1. Design a human resource plan with a focus on contemporary and emerging HR issues. 2. Perform a role play and conduct an orientation cum induction programme for new recruits. 3. Design a training and development plan for a hypothetical organisation. 4. Design performance appraisal techniques and compensation schemes for a hypothetical organisation. 5. Design employee welfare scheme for a hypothetical organisation. Suggested Readings ● Aswathappa, K. & Dash, S. (2021). Human Resource Management-Text and cases (9 th Ed.), Tata McGraw-Hill. 9 ● Chhabra, T. N. & Chhabra, M. (2020). Human Resource Management . New Delhi: Sun India Publications. ● Decenzo, D. A., & Robbins, S. P. (2009). Fundamental of Human Resource Management , New Jersey: Wiley. ● Dessler G. & Varrkey B. (2020). Human Resource Management , Sixteenth Edition, Pearson Paperback. ● French, W. L. (2006). Human Resource Management . Boston: Houghton Mifflin. ● Gupta, C. B. (2018). Human Resource Management . New Delhi: Sultan Chand & Sons. ● Pattanayak, B. (2019). Human Resource Management (6 th ed.). PHI learning ● Prasad, L. M. (2018). Human Resource Management . New Delhi: Sultan Chand & Sons ● Rao, V. S. P. (2020). Human Resource Management (2nd Ed.). New Delhi: Taxmann Pvt. Ltd. ● Sengupta, A. (2018). Human Resource Management , Sage Textbook. Note: Suggested readings will be updated by the Department of Commerce and uploaded on the Department's website. 10 Credit distribution, Eligibility and Pre - requisites of the Course Course title & Code Credits Credit distribution of the course Eligibility criteria Pre - requisite of the course Department offering the course Lecture Tutorial Practical/ Practice Essentials of Financial Investments (GE - 5) 4 3 1 0 Class XII Pass NA Department of Finance and Business Economics Learning Objectives The Learning Objectives of this course are as follows: • To familiarize students with the essential concepts and fundamentals of financial investments. • The course will enable them to understand and make informed choice about the various available financial investment alternatives. Learning Outcomes On successful completion of his course, the students will be able to: • Understand the fundamentals of financial investments and the investment decision process. • Able to compute various measures of risk and return, and understand their rol e for evaluating investments. • Understand and carry out security analysis using different approaches. • Learn basic approaches to valuation of securities and carry out portfolio analysis. SYLLABUS OF GE - 5 Unit 1: Investments – An Overview Concept of Investment, Financial Investment Vs. Real Investment, Investment Vs Speculation, Objectives or Features of Investment, Risk Return Trade Off, Investment Environment – Overview of Securities Market and Different Types of Financial Investment. Investment Decision Process, Direct Investing Vs Indirect Investing, Approaches to Investing – Active Vs Passive. Diversification, Hedging and Arbitrage. Unit 2: Risk – Return Analysis Concepts of Return and Risk, Types of Return - their Calculation & Utility: Absolute Return, Average Return, Expected Return, Portfolio Return, Holding Period Return, Effective Annualized ESSENTIALS OF FINANCIAL INVESTMENTS GENERIC ELECTIVE (GE)- BBA (FIA) 11 Return, Risk-Adjusted Return. Causes (or Sources) and Types of Risk – Systematic and Unsystematic Risk, Components of Systematic and Unsystematic Risk, Calculation of Total, Systematic and Unsystematic Risk. Impact of Taxes and Inflation on Investment – Computation of Post Tax and Real Returns. Unit 3: Security Analysis Approaches to Security Analysis – Fundamental Analysis, Technical Analysis, and Efficient Market Hypothesis (EMH). Fundamental Analysis – EIC Framework, Economic Analysis, Industry Analysis, and Company Analysis. Technical Analysis – Basic Tenets of Technical Analysis, Tool of Technical Analysis – Charts, and Technical Indicators, Limitations of Technical Analysis. Difference between Fundamental Analysis and Technical Analysis. Efficient Market Theory (EMH) – Concept, Forms of Market Efficiency, Weak Form Hypothesis, Semi Strong Form, and Strong Form of Market Efficiency. Implications of EMH. Unit 4: Fundamentals of Valuation and Portfolio Analysis Valuation of Equity Shares – Peculiar features of Equity Shares, Dividend Discount Model, Earning Multiplier or Price-Earnings (P/E) Model, and Capital Asset Pricing Model (CAPM). Valuation of Fixed Income Securities – Bond Fundamentals, Types of Bonds, Bond Valuation. Portfolio Analysis – Portfolio Management Process, Portfolio Analysis – Markowitz Model, Portfolio Risk, Portfolio Return. Practical component (if any) - NIL Essential/Recommended Readings: 1. Tripathi, Vanita: Security Analysis and Portfolio Management. Taxmann Publications. 2. Chandra, Prasanna: Investment Analysis and Portfolio Management. McGraw Hill Education. Suggestive Readings: 1. Rustagi, R.P., Investment Management. Sultan Chand Publications. 2. Reilly, F. K. & Brown, K.C. Analysis of Investments and Management of Portfolios, Cengage India Pvt. Ltd. Note: Examination scheme and mode shall be as prescribed by the Examination Branch, University of Delhi, from time to time. 12 Course title & Code Credits Credit distribution of the course Eligibility criteria Pre - requisite of the course Department offering the course Lecture Tutorial Practical/ Practice FUNDAMENTALS OF ECONOMETRICS (GE - 4) 4 3 0 1 Class XII Pass NA Department of Finance and Business Economics Learning Objectives The Learning Objectives of this course are as follows: • This course provides a comprehensive introduction to basic econometric concepts and techniques. • It covers estimation and diagnostic testing of simple, multiple regression models, panel data models, and dummy variable regression with qualitative response regression models. Learning Outcomes The Learning Outcomes of this course are as follows: • Understanding of basic econometrics and its assumptions and the impact of violations of classical assumptions. • Interpretation of functional forms of regres sion model. • Understanding of models using dummy variables and Qualitative Response Regression Models. SYLLABUS OF GE-4 Unit 1 Introduction to Econometrics and an overview of its applications; Simple Regression with Classical Assumptions; Least Square Estimation and BLUE, Properties of estimators, Multiple Regression Model and Hypothesis Testing Related to Parameters – Simple and Joint. Functional forms of regression models. Unit 2 Violations of Classical Assumptions: multicollinearity, heteroscedasticity, autocorrelation, and model specification errors, their identification, their impact on parameters; tests related to FUNDAMENTALS OF ECONOMETRICS GENERIC ELECTIVE (GE)- BBA (FIA) 13 parameters and impact on the reliability and the validity of inferences in case of violations of Assumptions; methods to take care of violations of assumptions. Unit 3 Understanding the impact of change in scale of variables on output. Understanding and calculation of information criteria for model selection: AIC, BIC, and HQC. Understanding and calculation of R Square and adjusted R Square. Understanding of outliers and their impact on the model’s output. Unit 4 Dummy variables: Intercept dummy variables, slope dummy variables, Interactive dummy variables, Use of Dummy Variables to model qualitative/Binary/Structural changes, Other Functional Forms, Qualitative Response Regression Models or Regression Models with Limited Dependent Variables - Use of Logit, and Probit Models. Practical component (if any) – Recommendation Computer Package to be Used: Use of softwares like E-Views, R, and STATA to solve real-life problems and check assumptions, taking care of assumption violations, and test goodness of fit, and for estimation of Logit, and Probit Models is recommended. Essential/Recommended Readings: 1. Christopher Dougherty. Introductory Econometrics. Oxford University Press. 2. Gujarati, N. Damodar. Basic Econometrics. New Delhi: McGraw Hill. 3. Gujarati, N. Damodar. Econometrics by Examples. New Delhi: McGraw Hill. Suggestive Readings: 1. Pindyck, Robert S. and Daniel L. Rubinfeld Econometric Models and Economic Forecasts. Singapore: McGraw Hill. 2. Ramanathan, Ramu (2002). Introductory Econometrics with Applications (5th ed.). Thomson South-Western. 14 Credit distribution, Eligibility and Pre-requisites of the Course Course title & Code Credit s Credit distribution of the course Eligibility criteria Pre-requisite of the course Department offering the course Lectur e Tutoria l Practical/ Practice Ethics and Governan ce in Business (GE 12) 4 3 1 NIL CLASS XII PASS NIL Department of Finance and Business Economics Learning Objectives The Learning Objectives of this course are as follows: ● The objective of this paper is to develop skills for recognizing and analyzing ethical issues in business and to equip students with moral reasoning for ethical decision making. ● The course aims to acquaint the students with basic concept and standards of corporate governance. Learning outcomes The Learning Outcomes of this course are as follows: ● Determining ethical dilemmas in common business situation and finding ways to solve it. ● Examine the role of ethics in different functional areas of business. ● Understand the importance of corporate governance in ensuring fairness, accountability and transparency in the organization. SYLLABUS OF GE-12 Unit -1: Business Ethics Introduction, meaning of ethics, moral and ethics, types of business ethical issues, why ethical problems occur in business, ethical dilemmas in business; Normative theories – Egoism, Utilitarianism, Ethics of duty, Ethics of rights and justice, Virtue ethics and ethics of care; Gandhian Ethics and its relationship with normative theories. Unit -2: Ethical Issues in Functional Areas of Business Finance: ethical issues in accounting, finance, banking, takeovers; Whistle blowing: kinds of whistle blowing, whistle blowing as morally prohibited, permitted and required, corporate disclosure; Insider trading. ETHICS AND GOVERNANCE IN BUSINESS GENERIC ELECTIVE (GE)- B MS 15 HRM: Discrimination, affirmative action and reverse discrimination; Inclusion and preferential hiring; Sexual harassment. Marketing: Green marketing; Product recalls; Ethics and Advertising. Production: Safety and acceptable risk;, Product safety and corporate liability; Green production.. Information technology : Cyber-crime; Privacy and internet ethics Unit -3: Corporate Governance Concept, need to improve corporate governance standards, pillars of good governance; Role played by the Government as a regulator to improve corporate governance with reference to provisions introduced in the Companies Act. 2013; Board of Directors and their role in governance; Duties and responsibilities of auditors; Rights and privileges of shareholders, investor’s problem and protection; Corporate governance rating process and parameters. Unit -3: Corporate Governance Models and Committees Models of corporate governance; Committees on Corporate Governance: UK scenario (Cadbury Committee), US scenario (Sarbanes Oxley Act), OECD principles; Indian experience: An overview of recommendations of corporate governance committees in India - CII Code of Best Practices, Kumar Mangalam Birla Committee, Naresh Chandra Committee, Narayan Murthy Committee, Kotak Committee, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with reference to composition and role of Board of Directors, and Role of independent directors Practical component (if any) - NIL Essential/recommended readings 1. Fernando, A.C., “Business Ethics and Corporate Governance”, Pearson Education India. (Chapter 1, 2) 2. Velasquez, Manuel G.,“Business Ethics - Concepts and Ca ses”, PHI. (Chapter 1, 2) 3. Fernando, A.C., “Business Ethics – An Indian Perspective”, Pearson. (Chapter 1 to, 4; 9 to 12, 14,15,18)) 4. Crane, Andrew and Matten, Dirk., “Business Ethics”, Oxford. (Chapter 1, 7, 8) 5. Ghosh, B N.,“Business Ethics and Corporate Governance,” Mc Graw Hill. (Chapter 8, 9, 11) 6. De George, Richard T., “Business Ethics”, Pearson. (Chapter 3, 4, 13 to 16) 7. Sharma, J. P.,“Corporate Governance, Business Ethics and CSR”, Ane Books. (Chapter 12) 8. Stanwick, Peter and Stanwick, Sarah, “ Understanding Business Ethics”, Sage Publications. (Chapter 10) 9. Arnold, Denis G., Beauchamp, Tom L., and Bowie, Norman E., “ Ethical Theory and Business”, Pearson Education ( Chapter 7) Suggestive readings 1. Fernando, A.C.- Business Ethics, Prentice Hall, Latest Edition. 2. Crane, Andrew and Matten, Dirk - Business Ethics, Oxford Publications. 16 3. Davies, Adrain – Best Practices in Corporate Governance (Gower), Latest Edition. 4. Fernando, A.C. – Corporate Governance :Principles, Policies, and Practices (Pearson Education). Note: Examination scheme and mode shall be as prescribed by the Examination Branch, University of Delhi, from time to time 17