CS - Professional Programme : Module IV - Governance, Business Ethics and Sustainability

ICSICS (2008)PPSyllabus and Books • Module IV - Governance, Business Ethics and Sustainability

CS_PP :: Professional Programme
Paper 8 : Governance, Business Ethics and Sustainability
[One paper: Three Hours – 100 marks]

Level of Knowledge:

Expert knowledge


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.
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.
3.An analysis of legislative framework of corporate governance in various countries – such as UK, USA, India.
4.Corporate communication; art and craft of investors relations; shareholders activism, investor protection and changing role of Institutional Investors.
5.Corporate Social Responsibility and good corporate citizenship.
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.

Part B : Business Ethics (30 Marks)

7.Genesis, significance and scope; organization perspectives.
8.Ethical principles in business – codes and innovations.
9.Concept of the stakeholders’ organization.
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.

Part C: Corporate Sustainability (20 Marks)

12.Genesis, meaning, nature, objectives, significance and scope of corporate sustainability.
13.Sustainability reporting – frameworks and guidance; trends and drivers; business benefits of corporate sustainability reporting; leadership programmes and stakeholder engagement; corporate sustainability management systems.
14.Legal framework; conventions and treaties on environmental, health and safety and social security issues.
15.Principle of Absolute Liability – Case studies.
16.Contemporary developments.


Corporate GovernanceTaxmannICSI & Taxmann Publication
Corporate Governance Principles, Policies and practicesA C FernandoDorling Kindersley
A Guide to Corporate GovernanceN GopalsamyNew Age International Publishers
Corporate Governance: Concept & DimensionsSanjiv AgarwalSnow White Publications
Corporate Governance: Contermporary, Issues and ChallengesP V Sarma & S Rajani (ed.)Vedams eBooks
Board LeadershipJohn CarverJossey-Bass Books
Institutional Investors and Corporate GovernanceBaums, Buxbaum, Hopt (ed.)Walter de Gruyter
Law of Corporate Governance, Principles and PerspectiveK R SampathSnow white Publications
Corporate Governance and Chairmanship – A personal ViewAdrian CadburyOxford University Press
A Companion to Business EthicsRobert E Frederick (ed.)Balck well Publishers
Are you a Company DirectorICSI
Monograph on Position, Duties & Liabilities of DirectorsICSI
Guidance Note on Board’s ReportICSI