Among other things, what you need to learn in an MBA program is the various aspects and challenges of regulatory compliance that a modern day manager is expected to know. In this video, Prof. V K Unni, Faculty - Public Policy and Management Group, IIM Calcutta, shares his thoughts on the various aspects related to Corporate Law, Intellectual Property Rights and Mergers and Acquisitions.
Extracts from the Interview
Law, especially Business Law and Corporate Law is an integral part of business management. Therefore, it is pivotal for MBA students to learn, understand and imbibe how to handle the legal aspects of business and use them to further the prospects of their company or organization. That is why Corporate Law and Regulations are deemed as one of the most critical functional disciplines for PGP students.
Indian Legal System - Compulsory Paper at IIM-Calcutta
Keeping this in mind, at IIM-Calcutta, the first year PGP students have to undergo a compulsory programme called the Indian Legal System, which covers all the legal aspects of business. The course covers the following fundamentals and concepts:
Elective Papers on Business Law at IIM- Calcutta
In the second year, PGP students at IIM Calcutta are offered an elective paper on Regulatory Compliance which is primarily centred on Corporate Law. Similarly, students can also opt for another elective called ‘World Trade Organization’ which is focused on the legal aspects of international business, especially business conducted through regulations issued by the World Trade Organization.
So, students at IIM Calcutta can opt for the following papers as elective in the second year:
Regulatory Compliance – An Overview
The elective programme on Regulatory Compliance primarily focuses on legal aspects of business and companies. The key concepts covered in this programme include:
Simply put, IIM Calcutta offers a variety of courses and programmes that focus on the Legal Aspects of Business to help students get a good understanding of the various regulatory issues that modern-day businesses face every day. This in turn, will help the students to follow and manage rules and regulations for companies and organizations as a separate and independent legal entity.
About the Expert
Prof. V.K. Unni is a faculty of the Public Policy & Management Group at IIM Calcutta. Since April 2018, he is also the Chairperson of the PGP (Post Graduate Programme in Management) – the flagship management programme at IIM-Calcutta. He has been a part of IIM-Calcutta for over 9 years and offers courses in Public Policy, Business Law and Regulatory Compliance.