School of Distance Education
                CORPORATE GOVERNANCE&
                         BUSINESS ETHICS
                              (MCM1C02)
                               STUDYMATERIAL
                                 I SEMESTER
                                 CORECOURSE
                                  M.Com.
                          (2019Admission ONWARDS)
                          UNIVERSITYOFCALICUT
                          SCHOOLOFDISTANCEEDUCATION
                  Calicut University P.O, Malappuram Kerala, India 673635.
                                   190602
             Corporate Governance & Business Ethics           Page1
                                           School of Distance Education
                    UNIVERSITY OF CALICUT
                    SCHOOL OF DISTANCE EDUCATION
                    STUDY MATERIAL
                    FIRST SEMESTER
                    M.Com. (2019 ADMISSION)
                    CORECOURSE:MCM1C02:CORPORATE GOVERNANCE&
                                              BUSINESS ETHICS
                  Prepared by         :         Dr.Abdul Azeez P,
                                                Assistant Professor,
                                                Dept. of Commerce,
                                                Farook College, Calicut.
                 Scrutinized by       :         Dr.E K Satheesh,
                                                Professor,
                                                Dept. of Commerce & Management
                                                Studies,
                                                University of Calicut.
                 Corporate Governance & Business Ethics                          Page2
                                School of Distance Education
                                 CONTENTS
                I  CORPORATE GOVERNANCE                      5
               II  THEORIES OF  CORPORATE GOVERNANCE        22
               III COMMITTEES ON  CORPORATE GOVERNANCE      42
               IV  ELEMENTS OF  CORPORATE GOVERNANCE        62
               V   BUSINESS ETHICS                          82
             Corporate Governance & Business Ethics           Page3
                                School of Distance Education
             Corporate Governance & Business Ethics           Page4