The Centre for Business Ethics and Corporate Governance established in the year 2005 is a significant Centre of Excellence created by LIBA to align with its core mission – “in pursuit of Excellence and Ethics”. This Centre is recognised as a National Centre for Corporate Governance by Government of India.
The core aim of the center is to propagate business ethics and internationally accepted corporate governance practices for the benefit of students and managers through activities such as events, programmes, publications and industry consulting.
- To raise awareness on ethical issues through conferences, seminars and panel discussions.
- To enrich ethical knowledge and societal obligations through publications.
- To inspire socially responsible leadership. The Mother Teresa Award for corporate citizenship – an annual award given to socially responsible companies.
- To promote principle based corporate governance.
Business Ethics Conference (BEACON)
Loyola Institute of Business Administration (LIBA) has been organizing various programmes and activities to promote business ethics and good corporate governance among its stakeholders, particularly the students. Some of the events include :
LIBA has been organizing various programs and activities to promote business ethics and good corporate governance among its stakeholders, particularly the students. One such program is the annual Business Ethics Conference (BEACON) which we have been organizing since 2007.
From 2007, BEACON has been deliberating on various issues including inclusive growth and sustainability in all spheres of management. The topics focused on at Beacon include –
BEACON 2016 the eleventh edition of LIBA’S – Business Ethics Conference focused on the Theme – Leadership and Ethics for the Emerging Future.
BEACON – 2015, the Tenth edition focused on the theme – Ethical Challenges in Financial Management.
BEACON 2014 – the Ninth edition, deliberated on the theme Ethical Challenges in Marketing – The Power and Responsibility Equilibrium”.
The Eighth edition of Beacon focused on Social Entrepreneurship – A Calling.
Beacon 2013 – Accountability and Responsibility.
Beacon 2012 – Eco-Innovation: Time to Wake Up!
Beacon 2011 – Social Innovation: A Catalyst for Inclusive Growth.
Beacon 2010 – Soaring Through Sustainability.
Beacon 2009 – Surfing the Slump.
Beacon 2008 – India at 60: Inclusive Growth – The Challenge of the New Era.
Beacon 2007 – To Illumine, To Imbibe, To Inspire Business with Integrity.
MOTHER TERESA AWARD
The Mother Teresa Award for Corporate Citizen, instituted in 1998 by LIBA, is presented every year to a Company that shows exemplary commitment to the ideals of corporate citizenship. The objective of the Award, is to showcase a corporate which has gone far beyond its call of duty to promote welfare activities for the benefit of the poor and marginalized sections of society and is environmentally conscious. The Award is given every year to a successful listed company of India for its contribution to CSR.
The objective of the Award is to honour a successful, profit making listed company that excels in its duty to all its stakeholders, via, value addition to the shareholders, commitment to quality, customer satisfaction, harmonious industrial relations, welfare of workers and gender equity.
Over the years, the Award has won huge reputation and recognition in the corporate circle and every year, many companies compete for this Award. The companies go through a rigorous selection process and a Jury constituted for the purpose select the best company based on the pre-determined set of parameters. The students of LIBA also actively participate in the pre-selection process – they do a background study to cross check the information provided by the companies and also to gather additional published information about them. The 15th Mother Teresa Award is being conferred on Infosys Limited.
PAST CHAIRPERSONS OF THE CENTRE
- Prof. A.C Fernando, Professor of Economics and Chairperson Centre for Business Ethics and Corporate Governance from its inception in the year 2005 to 2011
- Dr. Priya Rajeev, Associate Professor OB & HR and Chairperson Centre for Business Ethics and Corporate Governance – 2011 to 2013
- Dr. Shanthi Venkatesh – Chairperson
- Dr. P.C. Lakshmi Narayanan, Member – Faculty Advisory Committee
- Dr. Madhuri Malhotra, Member – Faculty Advisory Committee
- Ms. Christine Fernando, Event Coordinator
CURRENT CHAIRPERSON OF THE CENTRE
Chair Person / Contact
in collaboration with The Institute of Company Secretaries of India, on “Role of Independent Directors in Corporate Governance”
In view of a turbulent year that was engulfed in a few high-profile board room battles, the Centre felt that it was important to educate the management students of LIBA to understand the role of independent directors in corporate governance. A Panel Discussion was organised on 15th March 2016 on the topic, “Role of Independent Directors in Corporate Governance”. The panelists, Mr. K. Ravi, a prominent advocate and Company Secretary; Mr. Krish Ramesh, Corporate Lawyer and Company Secretary and Ms. Deepa Baburaj, General Consul – India and Asia Pacific, CTS gave a broader perspective on the topic with examples, which were real-life and easily relatable for the students.
The Centre also contributes to building academic knowledge in the field of Business Ethics and Corporate Governance. The faculty members associated with the center have published three textbooks and several research articles in International peer-reviewed journals on topics like ethical decision making, moral disengagement, ethical ambiguity and ethical supply chain management that includes:
|Business Ethics: An Indian Perspective by Prof. A.C Fernando|
|Corporate Governance: Principles, Policies and Practices by Prof A.C Fernando|
|Business Ethics And Corporate Governance by Prof. A.C Fernando|
|Madhuri Malhotra (2016) “Linkages among corporate governance, intellectual capital efficiency and firm performance: an Empirical Analysis from Emerging Market”, International conference on financial markets and corporate finance (ICFMCF 2016), held in the Department of Management Studies, IIT Madras, Chennai during 12-13 August, 2016.|
|Madhuri Malhotra (2016) Corporate Governance, Business Ethics and corporate Sustainability: An Overview”, 16th International Conference on Business, Economics, Social Science & Humanities- BESSH-2016” 20-21 August, 2016 Hong-Kong, paper accepted.|
|Shanthi Venkatesh (2017), “Ethical Leadership for efficient Corporate Governance – BRICS perspective (Accepted for Presentation), International Conference on Empowerment through Education, Ethics & Entrepreneurship – Agenda for BRICS, Organised by Mandsaur University in partnership with UNESCO Chair, February 2017.|