NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: Business Ethics, Governance & Risk

Internal Assignment Applicable for September 2016 Examination

Assignment Marks: 30

Instructions:

All Questions carry equal marks.

All Questions are compulsory

All answers to be explained in not more than 1000 words for question 1 and 2 and for question
3 in not more than 500 words for each subsection. Use relevant examples, illustrations as far
as possible.

All answers to be written individually. Discussion and group work is not advisable.

Students are free to refer to any books/reference material/website/internet for attempting

their assignments, but are not allowed to copy the matter as it is from the source of reference.

Students should write the assignment in their own words. Copying of assignments from other
students is not allowed

1. Narmada Bachao Andolan is a movement to protect the interest of people displaced by

the Sardar Sarovar Dam. How far is it ethical to stop the construction of the dam
which is going to benefit lacs of people, irrigating their land ?

(10 Marks)

2. Satyam fraud is unfolding and so are the inherent weaknesses of Corporate Governance
in India. Ramalinga Raju , once a poster boy of Indias growing software sector who
could find a seat beside Bill Clinton on the dais, has become a villain in the corporate
world for valid reason. The company is listed in BSE, NSE and NYSE. On BSE , the
Satyams stock crashed down by 70 percent to Rs 52 from a high of Rs 188.70.It had a
client list that boasted of fortune 500 companies. His emotionally charged four and half
page letter of startling revelations shook the entire corporate world when he admitted of
cooking the account and inflating the figure by Rs 5,040 crore. He committed this fraud
and tried to hush up it by an abortive bid to purchase Maytas infra, a company created

NMIMS Global Access

School for Continuing Education (NGA-SCE)
Course: Business Ethics, Governance & Risk

Internal Assignment Applicable for September 2016 Examination

by him and run by his son Teja Raju.This scam is being equated from Enron of USA,
because here also the scam was orchestrated by its Auditor, Arthur Anderson, in
Satyam Price Waterhouse cooper.
State the causes of failure of corporate governance at Satyam Issue Systems?
(10 Marks)
3. Reliance Ego was Genesis of our Troubles.(The following text is an excerpt from the
Times of India as stated by Shri Anil Ambani.It shows how Dhirubhai Ambanis
Nishkam Karma led to the success of Reliance and how the involvement of Ambani
brothers in Sakam Karma led to its division) Karma yogi was my father Dhirubhai
Ambanis other name. He was a man of action. But as a true follower of Bhagavat Gita
, he acted not for himself, but for humanity .In the true spirit of Nishkama karma, he
remained free from attachment to the fruits of his action. Like a true bhakta, he
attributed his good actions to the lord of all souls. The Gita is the essence of Krishnas
message. Its wisdom and fundamental truths are eternal, guiding man through life by
revealing the purpose of human existence. Since the divine is an aspect of all us, trust
has a central place in all our relationships. Ego is the source of all our troubles. It
creates a feeling of separateness, sense of duality, the idea of being distinct and
different from others. It is an arrogant and obsessive sense of ownership, the passion of
Sakam that has lost touch with dharma. Humility is the essential foundation for building
everything that is lasting and permanent. It means to create without claiming of doing
without taking credit, of guiding without interfering. This was the abiding truth which
guided the life of Dhirubhai Ambani. He never saw himself as an owner.

a. How did the teachings of the Bhagavad Gita contribute to the success of Reliance in the
era of Dhirubhai Ambani?

(5 Marks)

b. How can Nishkama Karma lead to success in Business Management?

***************

(5 Marks)