business ethics in line with corporate social responsibility

1. FIONA M by FIONA MUHUMUZA

2. Business ethics has been defined as a
system of moral principles applied in the
commercial world.
Business ethics is a form of applied ethics
that examines ethical principles and moral
principles that arise in the business
environment

3.  Legality is what has been stated in the law
or the statutes. A common dilemma when
what is legal is not necessarily ethical. Eg
in the Bopal gas tragedy.

4.  Morality refers to the principles of right or
wrong. It consists of what a person ought
to do to comform to society’s norms of
behaviour e.g honesty, justice, gratitude
 Ethics on the other hand is the reasonings
for or against the morality stipulated.
 Morals are viewed as the foundation on
which ethics rest.

5.  In business, ethics are about bearing in
mind the full weight of any corporate
decision .
 is the behavior that a business adheres to in
its daily dealings with the world.The ethics
of a particular business can be diverse.They
apply not only to how the business
interacts with the world at large, but also
to their one-on-one dealings with a single
customer.

6.  1. personal level/ individual level
 2. Organisational level ie the company
 3. National level- collective expectations of
society
 4. International level-cordinated efforts
across national boundaries

7.  Publishing in house codes of ethics(conduct)
 Employ people with a reputation of high
standards of ethical behaviour at top levels
 Incorporate considerations of ethics in
performance reviews
 Reward ethical behaviour

8.  Ethics and values should form the basis of
the code of conduct for a company.The
code of conduct governs the behaviour of
business managers, employees, directors
etc.
The code of conduct contains ethical values
such as;

9. 1. Impartiality/ fairness
2. Responsiveness to public interest
3. Accountability
4. Honesty
5. Transparency
6. Integrity
7. ..........................etc

10.  Ethical behaviour is a necessity to gain trust
ie with company suppliers, employees,
customers etc
 Improves profitability ie high returns
 Fosters good business relations and
employee productivity
 Reduces/eliminates penalties from public
authorities and regulators

11.  Protects businesses against unscrupulous
employees and competitors
 Protects employees from harmful actions of
the employer.
 Protect its reputation
 Ensures the business sustainability eg Sakthi
Masala pvt.

12.  Infosys has been regarded as India’s most
popular and best managed IT company.
Founded in 1981, the company has become a
leader in the IT sector
 Vision: global respect
 Mission: fairness honesty courtesy

13.  Amended version adopted on 9th October
2014. the COC helps to maintain the
standard of business conduct of infosys
together with its subsidies
 Code is meant to promote honest and ethical
conduct including ethical handling of conflict
between personnel

14. Disclosure in reports and documents
Compliance with laws and regulations
Promote fair dealing practices
Promote protection of company assets
Prompt internal reporting of violations of the
code
Accountability and adherence to the code

16.  This was founded to further the company’s
commitment to social causes to aid
disadvantaged persons.
1% of infosys profit after tax is donated to the
foundation which focuses on
 Enhancing living conditions of the rural
population
 Health care and education for the poor

17.  Infosys distributed over 43,000 high
effeciency cook stoves to 21,500 families in
Koppal, Karnataka
 Infosys also provided a grant of Rs. 24crores
over a period of 3 years to Indra Prastha
Institute of InformationTechnology to
establish a center for artificial intelligence
 The foundation also completed construction
of 365 toilets in Odisha built in 11o schools.