Business ethics @ tata

BUSINESS ETHICS | TATA

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CONTENTS

Introduction

Business Ethics

Corporate Governance

CoC & CSR

TATA and Business Ethics

Conclusion

Business Ethics @ TATA Professional Practice| AP-7| 2008-12| NIFT-B

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INTRODUCTION


Business Ethics

• Conducting all aspects of business and dealing with all stakeholders in an ethical manner

Corporate Governance

• The practices, principles and values that guide a company and its business

TATA

• The largest private corporate group in India.

• 114 companies in 7 business sectors

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WHY TATA..?


TATA

India’s largest

business house

India’s oldest

business house

India’s largest private

employer

India’s first “Glocal” company

India’s most employee friendly

company

India’s largest

investor in CSR

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BUSINESS ETHICS


•Economic system in which goods and services are exchanged for one another or money, on the basis of their perceived worth.

Business

•Derived from the Greece word “ethos”, meaning character and manners.

Ethics

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IMPORTANCE


Maintains a moral course in turbulent times.

Cultivates strong team-work and productivity.

Supports employee growth as an individual.

Helps to ensure that policies are legal.

Detection of issues and violations.

Quality management and Strategic planning.

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CORPORATE GOVERNANCE


•Pertaining to corporations. Corporate

•Establishment of policies, and continuous monitoring of their proper implementation, by the members of the governing body of an organization.

Governance

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CORPORATE GOVERNANCE


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CoC & CSR


•Specifies actions in the workplaceCode of Conduct

•Legal, ethical and discretionary (philanthropic) expectations that society has of an organisation at a given point of time

Company Social

Responsibility

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TATA


•PrivateType

•ConglomerateIndustry

•1868Founded•Jamshetji TataFounder

•Mumbai, IndiaHeadquarters

•WorldwideArea served

•Ratan TataKey people

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TATA


•Automobiles, Steel•Telecommunications•Software, Retail•Hotels, Consumer goods etc.

Products

• US$ 67.4 billion (2009-10)Revenue

•US$ 52.8 billion (2009-10)Total assets

•396,517 (2009-10)Employees

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TATA’S BUSINESS ETHICS PRINCIPLES


National interest• Committed to benefit the economic development of the countries in

which it operates.

Financial reporting and records• Prepare and maintain its accounts fairly and accurately and in

accordance with the accounting and financial of the country

Competition• Fully support the development and operation of competitive open

markets

Equal opportunities employer• Provide equal opportunities to all its employees and all qualified

applicants for employment

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Gifts and donations• Its employees shall neither receive nor offer or make, directly or

indirectly, any illegal payments, remuneration, gifts, donations or comparable benefits

Government agencies• A Tata company and its employees shall not, unless mandated

under applicable laws, offer or give any company funds or property as donation to any government agency or its representative

Political non-alignment• Be committed to and support the constitution and governance

systems of the country in which it operates.

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Health, safety and environment• A Tata company shall strive to provide a safe, healthy, clean and ergonomic

working environment for its people

Quality of products and services• Be committed to supply goods and services of world class quality standards,

backed by after-sales services consistent with the requirements of its customers

Corporate citizenship• Committed to good corporate citizenship, not only in the compliance of all

relevant laws and regulations but also by actively assisting in the improvement of quality of life of the people in the communities in which it operates

Cooperation of Tata companies• Cooperate with other Tata companies including applicable joint ventures, by

sharing knowledge and physical, human and management resources

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Public representation of the company and the group• Honour the information requirements of the public and its stakeholders

Third party representation• Parties which have business dealings with the Tata group but are not

members of the group, such as consultants, agents, sales representatives, distributors, channel partners, contractors and suppliers, shall not be authorised to represent a Tata company without the written permission

Use of the Tata brand• The use of the Tata name and trademark shall be governed by manuals,

codes and agreements to be issued by Tata Sons

Group policies• A Tata company shall be committed to enhancing shareholder value and

complying with all regulations and laws that govern shareholder rights.

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Ethical conduct• Every employee of a Tata company shall preserve the human rights of every

individual and the community, and shall strive to honour commitments.

Regulatory compliance• Employees of a Tata company, in their business conduct, shall comply with

all applicable laws and regulations, in letter and spirit

Concurrent employment• Consistent with applicable laws, an employee of a Tata company shall not,

without the requisite, officially written approval of the company, accept employment or a position of responsibility with any other company

Conflict of interest• Employees act in the interest of the company, and ensure that any business

or personal association which he / she may have does not involve a conflict of interest with the operations of the company

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Securities transactions and confidential information• An employee of a Tata company and his / her immediate family shall not

derive any benefit or counsel, or assist others to derive any benefit, from access to and possession of information about the company

Protecting company assets• The assets of a Tata company shall not be misused

Citizenship• The involvement of a Tata employee in civic or public affairs shall be with

express approval from the chief executive of his / her company

Integrity of data furnished• Every employee of a Tata company shall ensure, at all times, the integrity

of data or information furnished by him/her to the company.

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TATA’s CSR ACTIVITIES


Dedicates around 10-12% of its net profit to CSR

Special provision for training and employing the local women at all its facilities

Technical and Vocational Training for Youth Members

Partnering with the Public and the Social Sector

Sports training centre at Jamshedpur

Runs a hospital in Mumbai

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TATA AWARDS & RECOGNITIONS


TATA motors most valued brand of India

CII Award for Corporate Sustainability Reporting

Golden Peacock Global Award for Corporate Social Responsibility

Hellen Keller Award for CSR

Bombay Natural History Award for Green Governance

20Business Ethics @ TATA Professional Practice| AP-7| 2007-11| NIFT-B

"Save Farmland“ movement against

Nano plant at Singur

Fire cases in TATA NANO cars

Recent 2G Spectrum issues

TATA & CONFLICTS

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CONCLUSION


Business Ethics cultivate strong teamwork and productivity.

It supports employees growth.

It helps to ensure policies are legal.

It promotes strong public image.

It improves trust and relationships.

It cultivates a greater sensitivity towards the impact of the enterprise’s values and messages.

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BIBLIOGRAPHY• ETHICAL CHOICES IN BUSINESS- By R.C Sekhar• BUSINESS ETHICS- CONCEPTS, CRISIS AND SOLUTIONS- BY Shyam L

Kaushal• http://www.tata.com/aboutus• www. wikipedia.com/tata • http://www.tata.com/aboutus/articles/inside.aspx?artid=OMSlPyjJp68• http://en.wikipedia.org/wiki/File:Tata_logo.svg• http://www.rediff.com/money/2005/mar/17inter.htm• http://www.thehindubusinessline.com/2006/07/28/stories/

2006072801571100.htm• http://www.karmayog.org/csr500companies/csr500companies_8541.htm• http://economictimes.indiatimes.com/quickiearticleshow/6263785.cms


THANK YOU!

“Being good is good business.”

Business ethics @ tata

Technology

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