NMIMS MBA Business Ethics Governance & Risk Solved Answer Assignment

Business – Ethics, Governance & Risk

NMIMS MBA Business Ethics Governance & Risk Solved Answer Assignment

1. What is the ethical principle that underpins risk management concept and how does a listed company’s board manage enterprise risk? Explain with the help of an example from the annual report of any ONE listed co (from NSE top 500 companies by market capitalization) the key initiative taken by the selected company in FY2021-22 to manage ONE financial risk and ONE non-financial risk.

Ans :

Introduction 

Reliance Industries

The normative theory that explains, justifies and defends moral judgments and rules is known as an ethical theory. Ethical principles are a component of normative theory. They can stand on their own and are not influenced by the subjective perspectives of any individual.

Accountability is the fundamentally crucial moral value underpinning the risk management concept.

Concepts and applications 

Digital services have further solidified their place as one of the world’s largest and fastest-growing wireline data networks and mobile. Despite the epidemic and its effects on the environment, they have the most excellent subscriber base in the country, which makes it more challenging.

While developing its platforms and systems, digital business has implemented several strategies to provide customers with an exceptional experience maintained over time.

Conclusion

In addition, Reliance Industries has invested in cutting-edge startups in blockchain, artificial intelligence and machine learning, natural language processing and speech, mobility, 5G networks, the metaverse, cloud and edge computing, and robotics. These technologies will improve the effectiveness of the value proposition and the experience provided to customers.

NMIMS MBA Business Ethics Governance & Risk Solved Answer Assignment

2. From the Sustainability Report (FY2021-22 or 2022-23) OR Business Responsibility & Sustainability Report (FY2021-22 or 2022-23 Annual report) of any one listed company from across the globe, select any ONE Carbon Emission reduction initiative adopted and practiced by the company. Explain the initiative in your own words and analyse if it is effective/outcome driven or not, if yes provide quantitative proof for the same. (No diagram/graphic or table required).

Ans:

Introduction 

Microsoft 

It is now more widely recognized that human activities are causing the earth’s climate to change. To mitigate the most severe consequences of this phenomenon, the global economy must achieve a state of net zero carbon emissions by the year 2050. The effects of climate change are becoming increasingly apparent, as evidenced by the recent spate of destructive floods and wildfires.

Concepts and applications 

Let’s discuss the strategies adopted and implemented by Microsoft to reduce net carbon emissions- 

Reducing scope 1 and 2 emissions across the company’s operations- Sustainability is the primary focus of the company throughout all phases of a project, including operations and decommissioning, site selection, design and construction, and all other steps of a building, data center, and campus, including every formation, every data center, and every campus. We are expected to have eliminated all of our scopes 1 and 2 carbon emissions by 2025.

Conclusion

The organization’s mission is to make it possible for more people and businesses worldwide to realize their full potential. This lends credence to the idea that the company aims to create profitable solutions to the problems faced by both people and the world.

NMIMS MBA Business Ethics Governance & Risk Solved Answer Assignment

3a. ‘Professionals such as doctors, accountants and lawyers have a charter/framework of code of conduct, duties and obligations that other people do not.’ Why is that so? Present your point of view with its supporting arguments/reasons. (Two points of view/reasons with explanation is good enough)

Introduction

A professional code of conduct is a set of guiding principles that assists an organization in governing its decision-making process and distinguishing between appropriate and inappropriate actions.

Concepts and application

Each of the professions above must provide its customers with appropriate representation. To provide competent counsel, one must understand law, healthcare, and finance. Because the fields of law, medicine, and accounting exist independently of the people who practice them, each profession has its charter, framework, or code of ethics.

Conclusion

A professional code of conduct is a set of guiding principles businesses, or teams can utilize to make educated choices within the workplace. It assists us in establishing a baseline expectation for what is acceptable and how to handle problems appropriately.

NMIMS MBA Business Ethics Governance & Risk Solved Answer Assignment

3b. Choose any one ethical principle from the below list and with the help of a day-to-day work place process or practice showcase how your company/ any company delivers/ does not deliver on the chosen ethical principle. List of ethical principles: Transparency, Fairness, Responsiveness, Dignity.

Introduction

Being a responsible business, ABC Ltd. operates by several different ethical standards: transparency, dignity, fairness, and responsiveness. Transparency is the core moral ideal that we have chosen to uphold because the question requires picking just one ethical guideline to follow.

Concepts and applications

While we are a manufacturing firm specializing in fan replacement parts, our primary objective is to create the highest quality items we can offer our clients.

Conclusion

We will one day be able to look back on a successful business venture with an open and honest approach to its mission and operations. Because honesty will make it easier for us to form relationships with our clients, suppliers, and other stakeholders, our company will achieve great success.