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Business: Ethics, Governance & Risk
September 2023 Examination
1. There is a growing pressure on business to behave responsibly
towards the environment – according to you is this 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)
Ans:
Introduction:
The
growing pressure on businesses to behave responsibly towards the environment is
an ethical call for and expectation. Environmental responsibility encompasses
businesses' moral duty to limit their poor ecological impact and contribute to
its preservation and sustainability. This expectation arises from spotting the
extreme environmental demanding situations facing the sector nowadays,
including climate change, pollutants, deforestation, and aid depletion. In this
context, agencies
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2. Why is Risk Management one of the key and critical responsibilities
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)
Ans:
Introduction:
Risk
control is a critical duty of a corporation's board and senior control because
of its capability effect on the company and its stakeholders. It involves
identifying, assessing, and mitigating risks to guard the corporation's
belongings, recognition, and long-term viability. Organizations can decorate
choice-making, shield against financial losses, and ensure enterprise
continuity via efficiently managing risks. The increasing reliance on
generation and digital systems has made cyber safety a widespread hazard that
calls for cautious interest and proactive measures. This essay will explore the
idea of change management and its
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 repartee 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.
Ans:
Introduction:
As a team leader, it's far more
critical to uphold integrity and ethics and promptly and immediately cope with
misconduct. While the accounts team mentions that one of my direct reviews is
misreporting journey reimbursements by padding them up with false bills,
handling the situation somewhat, objectively, and professionally will become
critical.
b. What according to you are the 4-5 key contributors to building an
individual’s moral character and why do you say so?
Ans:
Introduction:
Building an individual's morals
individual is essential for personal growth, social cohesion, and society's
ordinary nicely-being. Moral character refers to gathering virtues and values
that manual someone's mind, movements, and behavior in a morally upright and
conscientious manner. It is the foundation upon which people make ethical
choices and interact with others respectfully and responsibly. While several
factors contribute to
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