Institute of Commercial Management | Qualification Subject

Corporate Social Responsibility and Ethics

ICM Professional Diploma Unit

Corporate Governance aims to equip learners with the understanding of corporate governance and the role of corporate governance in a globalised market.  

Main Topics of Study:

The role of the Financial Conduct Authority (FCA)

  • The role of the FCA in enhancing market integrity
  • The role of the FCA in promoting competition
  • The role of the FCA in protecting consumers
  • The FCA and international standards and regulation
  • Authorisation and enforcement

Models of voluntary versus statutory corporate governance

  • Rules based approaches to corporate governance
  • Principles based approaches to corporate governance
  • The advantages and disadvantages of self-regulation
  • A statutory basis for the corporate governance framework

Socially and environmentally responsible approaches to business development, projects, markets and global trade

  • The evolution of corporate social responsibility (CSR)
  • CSR models and frameworks
  • Social and global issues in CSR
  • Environmental sustainability in CSR
  • Stakeholders and CSR
  • Involving stakeholders in CSR

Governance and ethics 

  • Codes of conduct, recognised good practice versus regulatory controls
  • Corruption risks
  • Anti-trust and fair competition initiatives
  • Ethics and consumer perspectives

Example Candidate Response Booklet

Example Candidate Response (ECR) Booklets are a source of crucial information for Centres and Candidates as they use real candidate responses. We ask Senior Examiners to comment on five or more responses in terms of why the mark was awarded with commentary about how to improve the answer (if necessary).

Recommended Reading

Main Text:

Blowfield, M. & Murray, A. (2019). Corporate Social Responsibility. 4th ed. Oxford University Press

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Crane, A,, Matten, D., & Glozer, S. (2019) Business Ethics: Managing Corporate Citizenship and Sustainability in the Age of Globalization. 5th ed Paperback Shop

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Cannon, T. (2012). Corporate Responsibility: Governance, Compliance and Ethics in a Sustainable Environment. 2nd ed. Harlow: Pearson Education

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Corporate Governance: Principles, Policies and Practices by Bob Tricker (2015) 3rd edition Oxford University Press

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McLaney E. (2011). Business Finance: Theory and Practice. 9th ed. Harlow: Prentice Hall

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Menipaz, E., Menipaz, A., (2011) International Business: Theory and Practice. SAGE Publications

Indicative Text:

Alternative Text and Further Reading: