MS-495 Ethics and Corporate Governancein Banks

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ASSIGNMENT

Course Code                                                      :                               MS-495
Course Title                                                       :           Ethics and Corporate Governancein Banks
Assignment Code                                            :                               MS-495/TMA/SEM-II/2015
Coverage                                                             :                               All Blocks

Note: Attempt all the questions and submit this assignment on or before 31st October, 2015 to the coordinator of your study centre.

Q. 1. “Laws are enacted so that people can live together in a society using common facilities without any conflict, and accommodating everybody’s rights.” Discuss this statement with reference to Ethics and the Law.

Answer:“Laws are enacted so that people can live together in a society using common facilities without any conflict, and accommodating everybody’s rights.”When turning-the-other-cheek fails, many people are at a loss in dealing with conflict. The consensus strategy (a strategy based upon agreement by the total group), employed by many organizations, leaves community leaders ill-prepared to deal with those persons or organizations who refuse to concede without a struggle.

Conflict situations appear with frequency in daily, public, and private life. These conflicts may be on a small or large scale; they may occur within and among groups, communities, or nations; and, they may be triggered by ethnic, racial, religious, or





Q. 2. “In setting up Narayan Murthy Committee, 2003, SEBI stated that efforts to improve corporate governance standards in India must continue.” Elaborate this statement with reference to the Narayan Murthy Committee recommendations.

Answer:The Narayana Murthy panel is for restricting the tenure of non-executive directors to three terms of three years each, running continuously. The Naresh Chandra panel said that after a nine year-term the director would not be considered independent, but surely the concerned person would be able to continue as a non-executive director.

Company secretaries make two points: If the intention is to follow the Naresh Chandra committee's suggestion, the Narayana Murthy panel's recommendation should be redrafted. Representatives of a promoter remain on the board of a company as non-




Q. 3. How can Corporate Social Responsibility be integrated into every aspect of the company’s operations? Explain giving example from any company of your choice.

Answer:While most organizations willingly pay lip service to corporate social responsibility, most struggle with effective implementation. One McKinsey survey of 238 CFOs, investment professionals, and finance executives found that most of them believed that CSR initiatives provide financial as well as social benefits by increasing shareholder values in the long-term. However, in a separate survey, McKinsey found that of the 3,500 executive respondents, only one third said their company proactively engaged regulators or other government officials. This situation is prevalent among organizations today. There is a distinct cognitive disconnect




Q. 4. Explain briefly the OECD Principles of Corporate Governance. How does it ensure equitable treatment of all shareholders?

Answer:The Principles are non-binding and intended to assist member and non-member governments in their efforts to evaluate and improve the legal, institutional and regulatory framework for corporate governance in their countries, and to provide guidance and suggestions for stock exchanges, investors, corporations, and other parties that have a role in the process of developing good corporate governance. As such, the Principles are intended to provide a set of guidelines for the implementation of an effective




Q. 5. How has Grameen Bank’s concept of micro-credit contributed to reducing Poverty? Discuss.

Answer:Low productivity means that there is no money to invest in those things that could increase output. Banks will not lend even the small amounts required to invest in the means to increase productivity because those on such low incomes can provide no security against the loan. The only money available is often from local moneylenders who charge exceptionally high interest rates that only make the situation worse. In the last 30 years there have been some attempts to change the situation and microfinance is a term used to describe



Q. 6. Write short notes on the following:
a) Respect for Rights

Answer:Human rights are moral principles or normsthat describe certain standards of human behavior, and are regularly protected as legal rights in municipal and international law. They are commonly understood as inalienable fundamental rights "to which a person is inherently entitled simply because she or he is a human being," and which are "inherent in all human beings" regardless of their nation, location, language, religion, ethnic origin or any other status. They are applicable everywhere and at every time in the sense of being universal, and they are egalitarian in the sense of being the same for everyone. They require empathy and the rule of law and impose an obligation on persons to respect the human rights of others. They should not be taken away except as a result of due process based on specific




b) Integrated Sustainability Reporting

Answer:Company boards, executives, and management are investing more and more time and resources on issues of sustainability - such as carbon (greenhouse gas emissions), energy efficient technology, water use, cleantech, and biodiversity, to name just a few. An important part of the global push towards sustainability practices





c) Equator Principles

Answer:The Equator Principles is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects. It is primarily intended to provide a minimum standard for due diligence to support responsible risk decision-making. As at 4 June 2013, 79 adopting financial institutions in 35 countries have officially adopted the Equator Principles, covering over 70 percent of international Project Finance debt in emerging markets.


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Send your semester & Specialization name to our mail id :
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