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Course: Business: Ethics, Governance & Risk

Internal Assignment Applicable for September 2023 Examination

 

Question.1. There is a growing pressure on business to behave responsibly towards the environment – according to you is this an ethical demand & expectation? Justify your answer.

Go through the Business Responsibility Report OR Business Responsibility & Sustainability Report (under directors/statutory reports in Annual Report FY2022-23) of ONE listed company (from List of NSE top 500 companies by market capitalization). Locate the Principle 2: Product Lifecycle Sustainability in the report and go through it carefully. Present an analysis of what the company is doing in your own words, to support your above answer. (DO NOT copy paste) (10 Marks)

Answer: Yes, the growing pressure on businesses to behave responsibly towards the environment is indeed an ethical demand and expectation. This is justified by considering the broader impact of business activities on the environment, society, and future generations. Ethical responsibility involves recognizing the consequences of actions on various stakeholders, including the environment, and taking steps to

 

Question. 2. Why is Risk Management one of the key and critical responsibility of a company’s board and senior management? Explain with the help of an example the cyber security risk faced by the company, the potential impact of this risk on its key stakeholders and how did the manage/mitigate this risk. (from the FY2022-23 Annual Report of any ONE listed company from NSE top 500 companies by market capitalization – look in the Directors report under Management Discussion & Analysis) (This has to be a different company than the one chosen for Ans1) (10 Marks)

Answer: Importance of Risk Management for Boards and Senior Management:

Risk management is a key and critical responsibility of a company's board and senior management due to the potential impact of various risks on the organization's objectives, stakeholders, and overall sustainability. Effective risk management helps in identifying, assessing, and mitigating potential threats that could hinder the company's operations, financial stability, reputation, and stakeholder trust. By proactively managing risks, boards and senior management ensure that the company is well-prepared to navigate uncertainties and challenges, thus safeguarding its long-term success.

Example: Cybersecurity Risk and

 

 

Question.3. a. You are heading a team of 15 members with 3 of them reporting to you directly and other 12 indirectly. It has been brought to your notice by the accounts team that one of you direct reportee is misreporting on his/her travel reimbursements by padding it up with false bills. How will you handle/resolve/address this situation? Construct your answer stepwise so that your juniors can learn from it. (5 Marks)

Answer: Handling a situation like this requires a balanced approach that addresses the issue while also promoting a fair and supportive environment for the team. Here's how I would handle this situation step by step:

Step 1: Gather Information and Evidence: Before taking any action, it's essential to gather concrete evidence and information about the misreporting. Collect all relevant documents, bills, and reimbursement records to understand the extent and nature of the issue.

Step 2: Confidential Discussion with the

 

 

Question.b. What according to you are the 4-5 key contributors to building an individual’s moral character and why do you say so? (5 Marks)

Answer: Building an individual's moral character is a complex process that involves various factors. Here are 4-5 key contributors to developing strong moral character and the reasons for their significance:

1. Family and Upbringing: Family plays a fundamental role in shaping an individual's moral character. The values, beliefs, and behaviors instilled during childhood create a foundation for ethical decision-making. Family members serve as role models, teaching empathy, honesty, and respect through their own actions.
2. Education and Learning: Education

 

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