Why this course?

Description

The subject - "Governance, Risk Management, Compliances and Ethics" has been introduced to provide knowledge on global development on governance, risk management, compliances, ethics and sustainability aspects and best governance practices followed worldwide.

This subject is divided into 4 parts:

Part I: Governance - 50 marks

This part of the study apprise about the developments across jurisdictions and brief about the historic origin, need and importance of corporate governance, legislative framework of Corporate Governance explaining the need, scope and evolution of Corporate Governance, Contemporary Developments in Corporate Governance Corporate Governance codes in major jurisdictions, Corporate Governance in Indian Ethos and family enterprises. This part further explains the Board effectiveness, its committees, performance evaluation of Board and role of Promoters.

Part II: Risk Management - 20 marks

This part of the study explains the concepts, process, its advantages and steps for implementation of risk management. It also deals with the fraud and reputation risk management and how the negative reputation of an entity may have adverse impact on the operations and profitability.

Part III: Compliances - 20 marks

This part of study explains the adequacy and effectiveness of the compliance system, internal compliance reporting mechanism and ensuring the best practices available for the good governance principles for compliance issues. It further details about the concept of internal control, elements of internal control and its efficacy, concept of Reporting which includes the financial as well as non-financial reporting

Part IV: Ethics & Sustainability - 10 marks

This part of the study elaborates the concept and advantages of business ethics and also explains about corporate sustainability and sustainable development.