code of conduct

1. Ethical Code of Conduct
Submitted To
Dr. Vipul Jain
Submitted By
Anmol Chawla
MBA-”A”
Roll no. 15

2.  Ethics - differentiate between what is right and what
is wrong.
 Business – economic activity which produces goods
and services.
Thus business ethics is the ethics which are to be
followed while doing business.
What values are to individual, ethics is to business.

3.  An ethical code of conduct is a statement which
describes the norms and beliefs of an organisation.
 It assist the members in understanding the
difference between ‘right’ and ‘wrong’ and in
applying that understanding to their decisions.
 This statement is generally proposed, discussed and
defined by senior executives in the firms and then
published and distributed to all the stakeholders.

4.  Incorporated in 1868 by Jamsetji Tata
 Headquarters in Mumbai, Maharashtra.
 Chairman - Natarajan Chandrasekaran
 29 publicly listed companies .
 Tata Steel
 Tata Motors
Tata Consultancy
Tata Power
Tata Chemical
 Titan

5. Code of Conduct of TATA
 The TATA code of conduct represents the values and core
principles that guide the conduct of every Tata business.
 For them the code is a living document. In keeping with
global best practices and regulatory changes in key
market, they undergo various changes year by year.
 The code represents the individual and mutual
commitment to discharge responsibilities through the
most sustainable and ethical means and the shared
determination to reinforce the Tata reputation of
leadership with trust

6. Five core values of Tata
 These universal values serve as the foundation for
the Tata Code of Conduct
Core
Values
unity
excellence
Pioneering
ResponsibilityIntegrity

7. Scope of this Code
 Employee
 Customers
 Environment
 Value change partner
 Financial stake holder
 Government
 Group companies

8. Employees
 Equal Opportunities
1. Equal opportunities to all employees
2. No unfair discrimination on any ground,
3. Recruiting based solely on performance, merit, competence
and potential.
4. Fair, transparent and clear employee policies
5. These policies shall provide for clear terms of employment,
training, development and performance management.
 Dignity and Respect
Creating a conducive work environment built on tolerance,
understanding, mutual cooperation and respect for
individual privacy.

9.  Everyone treated with dignity and respect. Do not
tolerate any form of harassment.
 Clear and fair disciplinary procedures.
 Employees right to privacy. Human rights
 Do not employ children at workplaces.
 Do not use forced labour in any form.
 Bribery and corruption
1. Employees shall not offer or receive any illegal
benefits.

10. Integrity of information and assets
 Employees shall not make any wilful omissions or
material misrepresentation.
 Employees and directors shall seek proper
authorisation prior to disclosing company related
information.
 Employees shall ensure the integrity of personal data
or information provided by them to company.
 Employees shall respect and protect all confidential
information and intellectual property of the
company and third party.

11. Conflicts of interest
 Close personal relationships should not create a conflict
of interest with the roles and duties of employees.
 In case of actual or potential conflicts of interest, the
concerned person must immediately report.
 Adequate and full disclosure of historical conflict by
interested employees shall be made to company’s
management.
 In case of failure to disclose, the management shall take
a serious view of the matter and consider suitable
disciplinary action as per the terms of employment.

12. Customers
 Products and services
1. Supplying products and services of world-class
quality.
2. The products and services shall comply with
applicable laws.
3. No unfair or misleading statements about the
products and services of our competitors.
 Export controls and trade sanctions
1. Comply with all relevant export controls or trade
sanctions.

13.  Fair competition
1. Liberalisation of trade and investment in each country
and market.
2. No activity constituting anti-competitive behaviour.
3. Collect competitive information through legally
permitted sources and means.
 Dealings with customers
 Dealings with customers shall be professional, fair and
transparent.
 Safeguard customers’ personal data.

14. Our Communities and Environment
 Communities
1. Actively assist in the improvement of the quality of
life of the people in the communities.
2. Encourage workforce to volunteer on projects that
benefit the communities.
 The Environment
A. Environmental sustainability.
B. Prevent the wasteful use of natural resources.

15. Value Chain Partners
1. Selection of suppliers and service providers fairly
and transparently.
2. 2. Suppliers and service providers should adopt
ethical standards comparable to company.
3. 3. Suppliers and service providers are expected to
abide by the Code in their interactions with, and on
behalf of company.
4. 4. Any gifts or hospitality received from, or given
to, suppliers or service providers comply with
company’s gifts and hospitality policy.

16. Financial Stakeholders
1. Enhance shareholder value and comply with laws
and regulations that govern shareholder rights.
2. Inform financial stakeholders about relevant
aspects of business in a fair, accurate and timely
manner and shall disclose such information in
accordance with applicable law and agreements.
3. Accurate records of activities and shall adhere to
disclosure standards in accordance with applicable
law and industry standards.

17. Government
 Political non-alignment
1. Do not support any specific political party or candidate
for political office. No mutual dependence/favour with
any political body or person.
 Government engagement
 2. Engage with the government and regulators in a
constructive manner in order to promote good
governance.
 3. Do not impede, obstruct or improperly influence the
conclusions of, or affect the integrity or availability of
data or documents for any government review or
investigation.

18. Group Companies
1. Cooperation with group companies by sharing
knowledge, physical resources, human and
management resources.
2. Dispute resolution mechanism so that it does not
adversely affect business interests and stakeholder
value.
3. Ensure that no third party or joint venture uses the
TATA name/brand to further its interests without
proper authorisation.

19. Changes in TCOC
 Employees: Contemporary and relevant to younger
workforce.
 Value Chain Partners: Obligatory for vendors and
suppliers to comply with Tata code.
 Group companies: Creating web based tools to
improve the communication of code.