The document discusses business ethics during the COVID-19 pandemic. It begins by defining business ethics and describing COVID-19. It then discusses how some businesses have taken advantage of shortages to increase prices, while others like Merck have prioritized public welfare over profits. Donations from Indian business leaders like Azim Premji and Shiv Nadar are noted. The conclusion reflects on risks to ethics from disruption and differences in viewpoints between management and employees. It also critiques China for viewed prioritizing profits over people during the pandemic.

1. BUSINESS ETHICS AND
COVID-19
Saksham Arora
BBA – 6 Sem
5034

2. BUSINESS ETHICS
Define
Business ethics is the study of appropriate
business policies and practices regarding
potentially controversial subjects including
corporate governance, insider trading, bribery,
discrimination, corporate social responsibility,
and fiduciary responsibilities. The law often
guides business ethics, but at other times
business ethics provide a basic guideline that
businesses can choose to follow to gain public
approval.
2

3. COVID-19
A coronavirus is a kind of common virus that causes an
infection in your nose, sinuses, or upper throat. Most
coronaviruses aren't dangerous.
In early 2020, after a December 2019 outbreak in China, the
World Health Organization identified SARS-CoV-2 as a new
type of coronavirus. The outbreak quickly spread around the
world.
COVID-19 is a disease caused by SARS-CoV-2 that can trigger
what doctors call a respiratory tract infection. It can affect
your upper respiratory tract (sinuses, nose, and throat) or
lower respiratory tract (windpipe and lungs).
It spreads the same way other coronaviruses do, mainly
through person-to-person contact. Infections range from mild
to deadly.
3

4. 24,400,124
Total Cases Around World - 16.2Cr
4
Total Cases In India
Total Deaths
2.66L
Total Recovery
2.04Cr
Data as on 14-05-2021

5. COVID-19 IMPACT ON
BUSINESS ETHICS
1. Nation wide help
2. World wide help

6. Even as governments, civil societies and businesses are trying their best to tackle the Covid-19 crisis, some
sellers are not shying away from making money out of the suffering. Sample this: even though the Centre
rightly banned the export of masks by mid-February, the country ran into a shortage of masks as the corona
scare started peaking. There were reports that a few companies withdrew hand sanitizers from the market
citing quality issues to create supply shortage and a spike in demand.
The demand for hand sanitizers saw a 10-fold jump last month, and prices increased almost three-fold. The
rise in rates forced authorities to declare masks and sanitizers essential commodities for the next 100 days and
invoke the Disaster Management Act to ensure price regulation and availability. Skyrocketing prices of hand-
sanitizers on its website forced Amazon India to take a tough stand against predatory sellers. It sent a notice to
sellers, citing its fair pricing policy: “Sell the largest section at the lowest price".
A famous case study from Merck & Co, which is taught
across business schools, offers a great example of business
ethics. When the company found a cure for river blindness —
an eye and skin disease caused by a worm — at a
development cost of more than $100 million, it was evident
that the market for this medicine existed in poor countries
where patients could not afford it. But greater common good
outweighed profits and Merck gave the drugs away for free.
Compassionate
practices will yield
more profits in the
long run

7. “
It has to come from within, and when it does,
it is deeply satisfying.” “The responsibility
of philanthropy rests with us. The wealthier
we are, the more powerful we get. We cannot
put the entire onus on the government.”
7
Azim Premji
FORMER CHAIRMEN WIPRO

8. DONATIONS MADE BY INDIANS BUSINESS TO INDIA
▪ 1. ​Azim Premji and family — ₹7,904 crore
▪ 2. Shiv Nadar and family — ₹795 crore
▪ 3. Mukesh Ambani and family — ₹458 crore
▪ 4. Kumar Mangalam Birla — ₹276 crore
▪ 5. Anil Agarwal and family — ₹215 crore
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9. Azim Premji — the founder chairman of Wipro — has been dubbed ‘India’s most generous’ by the Edelgive Hurun India
Philanthropy List 2020. With a donation of ₹7,904 crore, Premji and his family topped the EdelGive Hurun India Philanthropy
List 2020. He has donated 10 times more than the second person on the list, Shiv Nadar and family.
The Azim Premji Endowment Fund owns 13.6% of the IT Czar’s shareholding in Wipro and has the right to receive all money
earned from promoter shares.
On 1 April 2020, Azim Premji Foundation committed ₹1,000 crore for tackling the COVID-19 pandemic outbreak along with ₹100
crore from Wipro and ₹25 crore from Wipro Enterprises — a sum total of ₹1,125 crore.
These donations are in addition to the annual corporate social responsibility (CSR) activities of Wipro, and the routine
philanthropic efforts of the Azim Premji Foundation.
“Azim Premji is a role model for Indian philanthropy and is continuing to inspire other entrepreneurs into giving,” said
Rahman.
1. Azim Premji and family — ₹7,904 crore
9

10. After Azim Premji, HCL Tech’s Shiv Nadar is India’s second most generous man. Nadar
attributes his success to education and scholarships that he received early in his life.
And, hence, most of his donations are focused on ensuring good quality education.
As of 2019, Nadar has invested over $800 million through the Shiv Nadar Foundation.
Nadar’s wife, Kiran Nadar, chairs the Kiran Nadar Museum of Art. It is India’s first
private philanthropic art museum exhibiting modern and contemporary works from
India and other parts of the subcontinent.
2. Shiv Nadar and family — ₹795 crore
10

11. 3. Mukesh Ambani and family — ₹458 crore
. The richest man, not just in India, but all of Asia ranks third on the
Edelgive Hurun India Philanthropy List 2020.
Last year, on 30 March, Reliance Industries announced a donation
of ₹500 crore to the PM CARES Fund and ₹5 crore each to the Chief
Minister’s Relief Fund of Maharashtra and Chief Minister’s Relief
Fund of Gujarat to support the fight against the COVID-19 pandemic
in India.
11

12. Top 3 donations
12

13. world highest donation
Jack Dorsey: The Twitter CEO has donated 1,000
million US dollar in global fight against
coronavirus. Dorsey's donation is the highest so far.
13

14. INDIA AND REST OF WORLD
After supplying Hydroxychloroquine, Remdesivir
and COVID-19 vaccines to the rest of the world for
the past one year, the Indian government has now
sought assistance from other nations to tackle the
second wave of the pandemic that is ravaging the
country.
The crippling shortage of oxygen nationwide is
being met by humanitarian assistance from other
nations in the form of oxygen generation systems,
distribution equipment such as cryogenic tankers,
industrial and personal oxygen cylinders and
concentrators
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15. WORLD HELPING INDIA IN SECOND WAVE
15
You can find details at:
https://www.moneycont
rol.com/news/business/
economy/heres-the-full-
list-of-foreign-medical-
aid-that-have-reached-
india-till-now-and-
where-they-are-headed-
3-6881361.html

16. CHINA AND COVID-19
▪ It is a matter of life and death, but China is choosing to make profits at the cost of
people’s lives. Not only have Chinese companies indulged in surge pricing with an
increase in demand, they are now sending sub-standard Covid-19 related critical
equipment to India.
▪ In 2020 it was mask and now its oxygen concentrators The increase in price is
nearly three times the actual rate of the product in many cases.
▪ China who started covid is now a single country who benefits out of it as we all
know that as demand increases and supply remains the same then prices shoots
but in this state its role of a government to ensure the quality of goods exported
and to maintain a price. Its not that government of India is doing well but if you are
exporting a life saving equipment its you which have to take care of price and
quality and as we know that china as a whole is always been a country which
chooses to make money.
16

17. CONCLUSION
▪ 90% of respondents believe that disruption, as a result of
COVID-19, poses a risk to ethical business conduct
▪ 43% of board members think the pandemic could lead to
better business ethics; only 21% of junior employees agree
▪ 55% of board members have confidence in management
teams to demonstrate professional integrity; only 37% of
junior employees share the same sentiment
17 A research by EY

18. CONCLUSION
▪ When a business is earning its then only in the state to
give contribution to society and it also depend on the
thinking of board members running it. This same is
responsible for countries around world as we can see
the example of china in above slide for making
pandemic a profit earning situation and various
countries sending aids also.
18

19. Thanks!
Any questions?
You can find me at:
sakshamarora7313@gmail.com
19
Saksham Arora
BBA – 6 Sem
5034