2. CONTENTS
Introduction
Business Ethics
Corporate Governance
CoC & CSR
TATA and Business Ethics
Conclusion
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3. INTRODUCTION
• Conducting • The • The largest
Corporate Governance
all aspects practices, private
of business principles corporate
Business Ethics
and and values group in
that guide India.
dealing
TATA
a company • 114
with all and its companies
stakeholde business in 7
rs in an business
ethical sectors
manner
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4. WHY TATA..?
India’s
largest
business
house
India’s India’s
largest oldest
investor in business
CSR house
TATA
India’s most India’s
employee largest
friendly private
company employer
India’s first
“Glocal”
company
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5. BUSINESS ETHICS
• Economic system in
which goods and services are
Business exchanged for one another
or money, on the basis of their
perceived worth.
• Derived from the Greece word
Ethics “ethos”, meaning character and
manners.
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6. 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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7. CORPORATE GOVERNANCE
Corporate • Pertaining to corporations.
• Establishment of policies, and
continuous monitoring of their
Governance proper implementation, by
the members of the governing
body of an organization.
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8. CORPORATE GOVERNANCE
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9. CoC & CSR
Code of • Specifies actions in the
Conduct workplace
Company • Legal, ethical and discretionary
(philanthropic) expectations that
Social society has of an organisation at
Responsibility a given point of time
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10. TATA
Type • Private
Industry • Conglomerate
Founded • 1868
Founder • Jamshetji Tata
Headquarters • Mumbai, India
Area served • Worldwide
Key people • Ratan Tata
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11. TATA
• Automobiles, Steel
Products • Telecommunications
• Software, Retail
• Hotels, Consumer goods etc.
Revenue • US$ 67.4 billion (2009-10)
Total assets • US$ 52.8 billion (2009-10)
Employees • 396,517 (2009-10)
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12. 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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13. TATA’S BUSINESS ETHICS PRINCIPLES
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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14. TATA’S BUSINESS ETHICS PRINCIPLES
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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15. TATA’S BUSINESS ETHICS PRINCIPLES
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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16. TATA’S BUSINESS ETHICS PRINCIPLES
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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17. TATA’S BUSINESS ETHICS PRINCIPLES
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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18. 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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19. 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
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20. TATA & CONFLICTS
"Save Farmland“
movement against Fire cases in TATA
Nano plant at NANO cars
Singur
Recent 2G
Spectrum issues
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21. 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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23. 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/20060728
01571100.htm
• http://www.karmayog.org/csr500companies/csr500companies_8541.h
tm
• http://economictimes.indiatimes.com/quickiearticleshow/6263785.cm
s
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24. “Being good is good business.”