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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   2
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


Business Ethics @ TATA                Professional Practice| AP-7| 2007-11| NIFT-B                          3
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


Business Ethics @ TATA         Professional Practice| AP-7| 2007-11| NIFT-B   4
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.




Business Ethics @ TATA       Professional Practice| AP-7| 2007-11| NIFT-B   5
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.

Business Ethics @ TATA   Professional Practice| AP-7| 2007-11| NIFT-B   6
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.




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




Business Ethics @ TATA   Professional Practice| AP-7| 2007-11| NIFT-B   8
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

Business Ethics @ TATA   Professional Practice| AP-7| 2007-11| NIFT-B   9
TATA
               Type        • Private

           Industry        • Conglomerate

          Founded          • 1868

           Founder         • Jamshetji Tata

     Headquarters          • Mumbai, India

       Area served         • Worldwide

        Key people         • Ratan Tata
Business Ethics @ TATA   Professional Practice| AP-7| 2007-11| NIFT-B   10
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)


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

Business Ethics @ TATA       Professional Practice| AP-7| 2007-11| NIFT-B       12
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.

Business Ethics @ TATA      Professional Practice| AP-7| 2007-11| NIFT-B        13
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


Business Ethics @ TATA           Professional Practice| AP-7| 2007-11| NIFT-B                   14
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.

Business Ethics @ TATA         Professional Practice| AP-7| 2007-11| NIFT-B            15
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

Business Ethics @ TATA         Professional Practice| AP-7| 2007-11| NIFT-B                16
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.

Business Ethics @ TATA         Professional Practice| AP-7| 2007-11| NIFT-B              17
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


Business Ethics @ TATA       Professional Practice| AP-7| 2007-11| NIFT-B   18
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

Business Ethics @ TATA   Professional Practice| AP-7| 2007-11| NIFT-B   19
TATA & CONFLICTS
             "Save Farmland“
             movement against                          Fire cases in TATA
              Nano plant at                                NANO cars
                  Singur


                               Recent 2G
                             Spectrum issues



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

Business Ethics @ TATA        Professional Practice| AP-7| 2007-11| NIFT-B            21
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


Business Ethics @ TATA    Professional Practice| AP-7| 2007-11| NIFT-B   23
“Being good is good business.”

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Business ethics @ tata

  • 1.
  • 2. CONTENTS Introduction Business Ethics Corporate Governance CoC & CSR TATA and Business Ethics Conclusion Business Ethics @ TATA Professional Practice| AP-7| 2008-12| NIFT-B 2
  • 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 Business Ethics @ TATA Professional Practice| AP-7| 2007-11| NIFT-B 3
  • 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 Business Ethics @ TATA Professional Practice| AP-7| 2007-11| NIFT-B 4
  • 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. Business Ethics @ TATA Professional Practice| AP-7| 2007-11| NIFT-B 5
  • 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. Business Ethics @ TATA Professional Practice| AP-7| 2007-11| NIFT-B 6
  • 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. Business Ethics @ TATA Professional Practice| AP-7| 2007-11| NIFT-B 7
  • 8. CORPORATE GOVERNANCE Business Ethics @ TATA Professional Practice| AP-7| 2007-11| NIFT-B 8
  • 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 Business Ethics @ TATA Professional Practice| AP-7| 2007-11| NIFT-B 9
  • 10. TATA Type • Private Industry • Conglomerate Founded • 1868 Founder • Jamshetji Tata Headquarters • Mumbai, India Area served • Worldwide Key people • Ratan Tata Business Ethics @ TATA Professional Practice| AP-7| 2007-11| NIFT-B 10
  • 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) Business Ethics @ TATA Professional Practice| AP-7| 2007-11| NIFT-B 11
  • 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 Business Ethics @ TATA Professional Practice| AP-7| 2007-11| NIFT-B 12
  • 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. Business Ethics @ TATA Professional Practice| AP-7| 2007-11| NIFT-B 13
  • 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 Business Ethics @ TATA Professional Practice| AP-7| 2007-11| NIFT-B 14
  • 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. Business Ethics @ TATA Professional Practice| AP-7| 2007-11| NIFT-B 15
  • 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 Business Ethics @ TATA Professional Practice| AP-7| 2007-11| NIFT-B 16
  • 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. Business Ethics @ TATA Professional Practice| AP-7| 2007-11| NIFT-B 17
  • 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 Business Ethics @ TATA Professional Practice| AP-7| 2007-11| NIFT-B 18
  • 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 Business Ethics @ TATA Professional Practice| AP-7| 2007-11| NIFT-B 19
  • 20. TATA & CONFLICTS "Save Farmland“ movement against Fire cases in TATA Nano plant at NANO cars Singur Recent 2G Spectrum issues Business Ethics @ TATA Professional Practice| AP-7| 2007-11| NIFT-B 20
  • 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. Business Ethics @ TATA Professional Practice| AP-7| 2007-11| NIFT-B 21
  • 22.
  • 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 Business Ethics @ TATA Professional Practice| AP-7| 2007-11| NIFT-B 23
  • 24. “Being good is good business.”