Business Ethics

Code of moral principles and values that governs the behaviors of a person or group with respect to what is right or wrong.

Four Views of Ethical Behavior

Utilitarian View Individualism View Moral Rights View

Justice View

Corporate Ethical Issues

Unauthorized Payments Customer Satisfaction Organizational Resources

Environmental Issues

Ethical Dilemmas

Whistle Blowers

Conflict of Interest

Sexual Harassments

71% of Workers Admitted Downloading Confidential Information for Future Personal Use if They Found Themselves Needing a New Job

53%

47%
Data from ERCs 2007 National Business Ethics Survey

ERC research has shown that nearly half of employees who observe abuse of confidential organizational information choose not to report it to the organization.

Source : http://www.ethics.org/page/ethicsstat

Global Recession Has Resulted in Major Organizational Changes such as Layoffs and Restructuring
This turmoil has generated serious implications for the ethics and compliance function
Based on a survey of more than 125,000 employees in 75 countries over the past five quarters, the Corporate Executive Board found:

A 20% increase in observations of misconduct from the first to the second half of 2008

A 5% decline in frontline employee perceptions of senior management's commitment to integrity

A 10% increase in the number of disengaged employees, from one in ten to one in five, causing declines in companywide productivity of up to 5%

Source : http://www.ethics.org/page/ethicsstat

Results of Unethical Behavior

Bhopal Gas Tragedy Satyam Scam Enron Corporation

National Student Data Loan System

Stakeholders and Company

Employees

Competitors

Profit Environment

People at Large

Education

Set-up a well equipped modern school in association with DPS at Maruti Kunj (Bhondsi), Gurgaon. DPS Maruti Shiksha Kendra, an education programme for the underprivileged, was inaugurated at DPS, Maruti Kunj.
The objective of his project is to educate the children of below poverty line (BPL) families.

Health

WHARF (Wockhardt-HMI HIV/AIDS Education and Research Foundation) is a platform for clinicians, nurses, and counsellors to acquire knowledge in the areas of their specialisation relating to HIV/AIDS. The objective is to scale up training of healthcare providers on using global standards in HIV/AIDS management and to work with them on overcoming attitudinal and economic barriers.

Women Empowerment

Walmart Foundation and humanitarian organisation CARE launched Women's empowerment initiative in Bangladesh factories. It will provide 2,500 female factory workers in the country's apparel sector with workplace skills and literacy training. Technical training will focus on providing the workers with design, sewing, equipment handling and other relevant onthe-job technical skills.

Self Reliance

SWAVALAMBAN : Vocational training for unemployed youths. Its objective is to provide free Vocational Training to 550 beneficiaries from low income group households. HPCL and CII have joined hands along with M/s City & Guilds to impart training to youths and change them into useful professionals.

Environment & Natural Resources

Making technology that ensures energy economy, environmental safeguards, recycling of resources and utilization of wastes. Releases of hydrocarbons, chemicals and other harmful materials being controlled so that it does not disturb the flora and fauna. Environmental impact assessment, with the details required by the "Department of Environment" has been prepared

Rural Development

Setting up of milk districts in India, Pakistan, China, Morocco, Brazil, Chile, Colombia, Mexico, Indonesia. Pakistan: 5,000 female agriculturalextension workers trained with UNDP.

Improved animal nutrition, Developing farm infrastructure Improved yield and farm income

THANK YOU