SEMINAR

ON IMPORTANCE OF GOVT.
POLICIES AND LAWS ON
BUSINESS ETHICS.
SUBMITTED TO : Dr. Kamalpreet Kaur
HOD (Management Department)
SUBMITTED BY : Karampreet Kaur
MBA 1 188424
 WHAT IS ETHICS ??!
Ethics (also known as moral philosophy) is a
branch of philosophy which seeks to address
questions about morality; that is, about
concepts like good and bad, right and wrong,
justice, virtue, etc.
“Ethics” refers to the moral values that govern
the appropriate conduct of an individual or
group.

For example:
Respect for another's property. Refraining
from violence against another. Treating others
with civility
Ethics refers to a system of moral
principles a sense of right and wrong, and
good and bad actions and the motives and
consequences of these actions. As applied
to business firms, ethics is the study of
good and evils, right and wrong and just
and unjust actions of
businessmen.
 WHAT IS LAW ??!
Law is a system of rules, usually enforced through a set of
institutions. It shapes politics, economics and society in
numerous ways and serves as a primary social mediator
of relations between people.
Contract law regulates everything from buying a bus
ticket to trading on derivatives markets.
Property law defines rights and obligations related to
the transfer and title of personal property.
Trust law applies to assets held for investment and
financial security, while
tort law allows claims for compensation if a person’s
rights or property are harmed. If the harm is criminalized
in a statute, criminal law offers means by which the state
can prosecute the guilty.
 Laws and ethics have common aim- defining proper and improper behavior. But
the two are not quite same. Laws are the society’s attempt to formalize that is to
reduce to written rules- idea about what is right and what is wrong in various walks
of like. However, it is rarely possible for written rules to capture all the sublet
variations that people give to ethics.
 Ethical concepts are more complex than writing rules. Ethics deals with human
dilemmas that frequently go beyond the formal language of laws and the meanings
given to legal rules. Similarities and differences apart, legal rules help promote
ethical behavior in organization.
 For example
 It is ethical to pay appropriate compensation to the employees working in an
organisation along with benefits and incentives . But for proper working of it
legal rules such as The Payment of Wages Act 1936 requires that employees
receive wages, on time, and without any unauthorised deductions. Section 6
requires that people are paid in money rather than in kind. The law also provides
the tax withholdings the employer must deduct and pay to the central or state
government before distributing the wages.
 The Minimum Wages Act 1948 sets wages for the different economic sectors that it
states it will cover. It leaves a large number of workers unregulated. Central and
state governments have discretion to set wages according to kind of work and
location, and they range between as much as ₹ 143 to 1120 per day for work in the
so-called central sphere. State governments have their own minimum wage
schedules.
 The Payment of Gratuity Act 1972 applies to establishments with 10 or more
workers. Gratuity is payable to the employee if he or she resigns or retires. The
Indian government mandates that this payment be at the rate of 15 days salary of
the employee for each completed year of service subject to a maximum
of ₹ 2000000.
 The Payment of Bonus Act 1965, which applies only to enterprises with over 20
people, requires bonuses are paid out of profits based on productivity. The
minimum bonus is currently 8.33 per cent of salary
HOW GOVERNMENT POLICIES AFFECT THE
ETHICS !
Whether the ethical issues are obvious or
complicated, they are easier to address if
public servants have given some thought to the
kinds of dilemmas they will confront before a
crisis occurs.

The materials in this "primer" on government

ethics are intended to provide elected officials,
government workers, and ordinary citizens
with an introduction to the basic questions that
are likely to come up in the conduct of public
business.
 WHY BUSINESS ETHICS ARE IMPORTANT ?
 People do business with other people and businesses
they trust. A business that is known for dealings that are
fair and ethical fare better over the long haul than those
who operate using less ethical practices.
 Unethical practices can involve how a business treats its
customers, but can also carry over into how the company
treats its employees. For example, a business that
underpays its customers while showing record profits can
find themselves on the wrong side of public opinion. This
can have a negative impact on a business; bottom line.
Ironically, increasing profits is often the reason that
unethical practices were started in the first place.
 Make
employees Attract
customers
want to stay to the firm’s
with the products
business

Why ethical
behavior ??

Attract
investors and
reduce
keep the
recruitment
company’s
costs
share price
high
A FRAMEWORK FOR ETHICAL DECISION
MAKING
 Recognize an Ethical Issue
Could this decision or situation be damaging to someone or to some group? Does this
decision involve a choice between a good and bad alternative, or perhaps between two
"goods" or between two "bads"?
Is this issue about more than what is legal or what is most efficient? If so, how?
 Evaluate Alternative Actions
Evaluate the options by asking the following questions:
Which option will produce the most good and do the least harm? (The Utilitarian
Approach)
Which option best respects the rights of all who have a stake? (The Rights Approach)
Which option treats people equally or proportionately? (The Justice Approach)
Which option best serves the community as a whole, not just some members? (The
Common Good Approach)
which option leads me to act as the sort of person I want to be? (The Virtue Approach)
 Make a Decision and Test It
Considering all these approaches, which option best
addresses the situation?
If I told someone I respect-or told a television audience-which
option I have chosen, what would they say?
 Act and Reflect on the Outcome
How can my decision be implemented with the greatest care
and attention to the concerns of all stakeholders?
How did my decision turn out and what have I learned from
this specific situation?
IMPLICATIONS OF LAWS FOR THE WORK
The protection, preservation and promotion of one’s
culture is widely recognized as a basic Human Right
and professional social work ethics also recognise the
importance of cultural autonomy in social work
practice. Government policy, however, can greatly
influence the degree to which social workers are able
to respect their ethics and human rights
BAN ON TABBACO ADS BY THE GOVT OF
INDIA
In a case which started in 1991 and ended in 1997, RJ
Reynolds Tobacco company, marketer of Camel
cigarettes, was forced to withdraw its mascot, Joe
Carmel, an animated camel, from all its
advertisements, after the California Supreme Court
(USA) ruled that the company could be prosecuted for
exploiting minors. the accusation was that the slick,
colorful advertisements (using an animated camel)
appealed to the children and encouraged them to
smoke. .
THANK YOU