New Delhi: Delhi University (DU), Commerce Department, has decided to incorporate a course on corporate governance, business ethics and corporate social responsibility for its B.Com students, from the ensuing academic session 2011. The University has decided to include the course considering the fact that there are greater scopes of learning from accounting frauds that overcome giant corporations.
As per sources, the case studies that will be a part of the syllabus will include the 2001 scandal that led to the bankruptcy of the US energy giant Enron Corporation. Also, the Satyam Computers scandal that had stunned the Indian corporate world in early 2009 as well as the 1991 Maxwell Communications pension scam in the UK.
According to a statement issued by J.P. Sharma, Head of the Commerce Department, in the last two decades, more than dozen big companies have collapsed because of problems in governance. Furthermore, he said that even though majority of the students were aware of these scandals, however, they did not know exactly what had happened and what a company should do in such a situation.
Mr Sharma added that the incident of big companies failing to inspect the misconduct is relatively new, but growing. He informed that there are going to be 15 lectures on governance practices and ethics. He also added that as most of the students go in for auditing jobs, they should be aware of what goes wrong and how it can be corrected.
