Business – Ethics, Governance & Risk
June 2023 Examination

Note: This assignment is application based, you have to apply what you have learnt in this
subject into real life scenario. You will find most of the information through internet
search and the remaining from your common sense. None of the answers appear directly
in the textbook chapters but are based on the content in the chapters, directly or indirectly.

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. (10 Marks)
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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). (10 Marks)

3. a. ‘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) (5 Marks)

3. b. 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. (5 Marks)