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Course Code : MS-495
Course Title : Ethics and Corporate
Governance in Banks
Assignment Code
: MS-495/TMA/SEM-I/2014
Coverage : All Blocks
Note : Attempt all the questions and submit this assignment on or
before 30th April, 2014 to the coordinator of your study center.
1. a) What is conflict of interest and how is it
different from ethical dilemma?
Answer : A conflict of interest (COI) occurs when an individual or
organization is involved in multiple interests, one of which could possibly
corrupt the motivation.
The presence of a conflict of
interest is independent of the occurrence of impropriety. Therefore, a conflict
of interest can be discovered and voluntarily defused before any corruption
occurs. A widely used definition is: "A conflict of interest is a set of
circumstances that creates a risk that professional judgement or actions
regarding a primary interest will be unduly influenced by a secondary
interest." Primary interest refers to the principal goals of the
profession or activity, such as the protection of clients, the health of
patients, the integrity
2. a) What are the challenges for implementing good
corporate governance?
Answer : As corporate governance continues to be an area of focus for most
companies, regardless of whether they are involved in global operations, there
are many questions and issues that firms still struggle with: What is good corporate governance and why is
it so important? Why are so many firms and governments promoting improved
techniques in corporate governance? What are those techniques and best
practices and is there evidence that these reforms and policies are useful for
firms in promoting transparency, sustainability and the confidence of global
markets and investors?
Challenges for implementing good corporate governance :
b) How banks are different from other institutions in terms of
corporate governance? Discuss.
Answer : Banks are special, so is corporate governance of banks. It differs
considerably from general corporate governance. Specific corporate
governance needs exist also for insurance companies and other financial
institutions. This article, Better Governance of Financial Institutions,
analyzes the economic, legal and comparative research on governance of
financial institutions and covers the reforms by the European Commission, the
European Banking Authority, CDR IV and Solvency II up to the end of 2012.
External corporate governance, in particular by the market of corporate control
(takeovers), is more important for firms than for banks, at least under
continental European practice.
3. What is Social Audit?
Highlight the key principles guiding the social audit practices around the
world.
Answer : Social audit as a term
was used as far back as the 1950s. In a nutshell, it refers to the steps that
are taken to ensure that the work done by the government is actually benefiting
the people whom it is intended to benefit. It is based on the principle that
the local governance should be carried out, as much as possible, with the
consent and in complete understanding of the requirements of the people
concerned. It is a process and not an event. Thus, Social Audit is nothing but
understanding, measuring, reporting, and most importantly improving the
efficiency and effectiveness of the local governance.
4. a) How Corporate Social
Responsibility (CSR) and strategy can be integrated?
Answer : Corporate Social Responsibility (CSR) is defined as the voluntary
activities undertaken by a company to operate in an economic, social and
environmentally sustainable manner.
What is Strategic Corporate Social Responsibility? By taking a
strategic approach, companies can determine what activities they have the
resources to devote to being socially responsible and can choose that which
will strengthen their competitive advantage. By planning out CSR as part of a
company’s over all plan, organizations can ensure that profits and increasing
shareholder value don’t overshadow the need to behave ethically to their
stakeholders.
5. Suppose you are working in
a bank what kind of social audit process should the bank perform and why?
Answer : Social audit is a review
of a business entity's social activities to evaluate whether such activities
benefit society or geographical regions in which the entity operates. An
auditor evaluates a firm's operating environment, corporate policies and
departmental guidelines to ensure that such policies comply with governmental
mandates and regulatory requirements. An auditor also reviews amounts recorded
as charitable contributions or social donations for accuracy.
Dear students get fully solved
assignments
Send your semester &
Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
(Prefer mailing. Call in emergency )
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