Course: Business Ethics and Corporate Governance

Summary of All Presentations

Submitted By

Thanush. M

4NM18MBA81

Section C

16 MARCH 2020

Submitted TO

Prof. Divya Rani

I had learned many topics in Business ethics and Corporate Governance. First we can see the
meaning of Business Ethics and corporate Governance.

Business Ethics is a study of certain policies, rules and practices that an organization should
follow in its complete operations

Corporate Governance means the rules regulations and set of policies which a company or an
organization follows or implements to balance the interest of customers, share holders or stake
holders , suppliers and governments and society.

The reason behind implementingBusiness Ethics in an organization to maintain equality in

employees by providing rewards and punishments any violation in ethics should be detected at
the earliest and take remedial measures as immediate as possible

The next team presented on case study on business of water explains about social responsibility
and ethics that should be followed in business. In case of water business there are two
dimensions. They are supply-side and demand side of water. Currently water became a political
issue and current issue forbusiness ethics. Water is a primary source for every human and it
became human right for every individual. If issue of water continues as same then this may
become an ethical business issue for future.

If we look into the issue of water between Karnataka and tamilnadu states for kaveri river water.
In locally we have many issues of water like kalasabanduri project, mahadayi project and
yethinahole project. These were the some of the issue that we are facing currently these may
become ethical business issue for upcoming days

The Ethics is also important to implement in sports and games. It is very much essential. Because
by listening to the next presentation they had explained to about the different cricket leagues that
different countries were playing like Indian Premier League, Pakistan Super League, Big-bash
Premier League etc. They had explained about different scams that had happened during
different leagues. The some of the scams that happened are spot fixing, Match fixing, Bill
tampering etc.

Australian ball-tampering Scandal

Indian Premier League fixings

Pakistan C5ricket Spot Fixing

Shakib Al Hassan banned from all forms of cricket.

Then they had explained about company that had involved in cricket. They are Ambuja cement,
Oppo Byjus Etc.
By looking into all these we can understand that implementation of the ethics is a primary factor
and adaptation of ethics is very important factor. it plays a very important role because the value
for whole ethics is plays under adopting the ethics. So ethics is very necessary for every aspect
which can make the purpose fully successful and provide high value creation.

Next team presented on the topic of globalization. In globalization they had taken a example of
MacDonald’s. They had introtroduced about the company. MacDonald’s is firstly they started as
a fast food restaurant. Now they are in top most level thanthat of any other restaurant business.

Then they had explained about positive impacts and negative impacts. In positive impacts means
what is happening within the economy. Another positive impact is technological factor. As a
new technology are continually being developed.

Next they explained about negative impact, which level of competitiveness of company in
particular market. By making right decision and right action.

The next team presentation on the topic of sustainability. Sustainability means the process or
state that can be maintaining for a long period or long term or for long fixed period of time. Then
they had explained regarding the different forms of sustainability. They are

Social Sustainability

Human sustainability

Economic Sustainability

Environmental Sustainability

Then they had explained about ITC Company and initiative taken by ITC Company. Some of the
program they had implemented are sustainable agriculture Programme, Water shed development
program, Aforestationprogramme etc.Then they had explained about driving force for ITC. They
are Carbon, Water and solid waste recycling and Impact of ITCs sustainability.

They had also explained sustainability of Indian Oil. Some of them werePromising safety,
Economic performance,giving back to society, Ethics and Human Rights Etc.

Next team presented on Decision making. Decision making plays a very important role. Because
every business or organization has to take a proper and necessary decisions and every decision
has a positive or negative impact. So while taking a decision a decision taker must focus on
every aspect. It may be on organizational view, employers view, stake holder’s view, economic
view and also keep view on society. So while taking decisions decision taker should take good
decision. While making decision it should be quick and best.

So here they did a presentation on Malya and showed a clear picture of his decision making and
reasons for his failures. They had explained about him and the business he is dealing with.

Malya was into business of airlines which is named as kingfisher airlines, He is into
liquorbusinesswhich is named as Kingfisher, he is also owner of Royal Challengers which is one
of the team of Indian Premier League.

While he was taking decision he is not followed a suggestionprovided by decision team. He

himself taken a decision withoutbothering the challenges faced in future days in his business.
While he introduces kingfisher red which had highly effected for him, because his customer
moved from kingfisher to kingfisher red? Because the facilities offered by both the airways are
similar but charges or ticket fair is high in kingfisher compared to kingfisher red.

So looking into Malays case while taking decision we have to take in different angles or different
views. We have to take the decision by looking into any others suggestion or we have to discuss
with expertise or with any knowledgeablepersons and want to make effective decisions and the
decision should be Ethical.

Business ethics is also known as a corporate ethics. It is a form of applied ethics or professional
ethics which examines ethical principles and moral or ethical problems that arise in a business
environment.

Employee rights

All employees have basic rights in the workplace are as follows;

 Right to be free from discrimination and harassment of all types

 Right to a safe workplace free of dangerous condition,toxic substances and potential
safety hazards
 right to be free from retaliation for filling a claim or complaint against an employer
 right to be fair wages for work performed
Employee duties

There are several employee duties are as follows;

 Obey a lawful reasonable order within the terms of the contract of employment.
 Serve faithfully
 Coperate with the employee
 Perform duties with proper care
 Account for all money or property received
Employee discrimination

Employee discrimination happens when an employee is treated unfavorably because of his or

her gender, skin color, national origin, age, religion, race.

Employee privacy

Employee privacy rights includes an employee personal information activitiesin a work place.

Types of employee privacy issues includes;

 Physical searches
 Video surveillances
 Background and credit checks
 Internet and E-mail
Work life balance

Work life balance allows separate work and home. Stress of work should stay at work only
and it must not be carried out to home. Work life balance is mainly comes from motivating and
gratifying to employees which makes the employees happy.

The next team had a presented on the topic of Siemens. They had expalind about the introduction
of a company which is Siemens and they had took Rolepay on the Bribery case.They had
explained about the scandal which had happened. They had explained about outcome and
penalties they levied. Then they had concluded the complete scandal.

While they explaining about outcome of scandal they explained about List of Bribery found in
the investigation. Israel-To build Power plants,Venezuela- For Urban Rail lines, Chaina-Medical
Equipment, Bangladesh-Mobile Phones, Iraq-Saddam Husain.

The next team conducted the games which are related to ethics. That had quiz, General
Knowledge, and Guessing the Image related to famous Persons. Before conducting games they
had categorized into 3 teams and explained the rules involved in the games.

Then next team explained aboutTriple bottom line. Triple bottom line is accounting frame work
which a company does it for evaluating or to understanding for sustainability and it is
categorized into 3 pa5rts they are People, Plant, Profit.

People- Company or an organization have to give back to the society. The organization have tyo
provide social contribution like starting the schools, providing medical camps for age old peoples
or building bus stands etc.

Planet- Implementing solar panel and save electricity and release of carbon, reduce the usage of
artificial lights
Profit- The company has to maintain certain level of profit to stake holders of company,
satisfying the stakeholders is a primary objective than that of satisfy the companies interest.

The next team explained about customer and business ethics. In that they cook Maggi as an
example. They had introduced they had an introduction of Maggi.

Ethics in marketing context involve a matter of right and wrong or a moral conduct to any aspect
of marketing communication this must have honesty integrity and honor.

Unethical practices unethical practices means some of the retailer who sells product that have
been crossed expiry date is an example for unethical practices.

Consumer contest of bring enable to make an informal reasoned decision about the product
purchase. Some of the reasons for vulnerability are manipulation due to old age, lack of
information, low income group.

Some of the unethical pricing practices are dumping,Price discrimination, price war, variable
variable pricing, price skimming etc.

Consumer sovereignty is a concept within the customer driven market. according to Smith
consumer sovereignty is comprised of three factors they were consumer capability, information,
choice.this weather factor which is necessary for consumer sovereignty.

Learning of business ethics

Business ethics involves decision making and business operations. Business ethics means
finding out or recognizing the right and wrong in a business and also in a personal life. For
managing a business needs a lot of knowledge and experience. There must be good knowledge
about accounting financing and marketing. The business ethics starts with an idea of where the
managers or owners desire to something good on both the personal and community level and
determine how to accomplish good through a business. Good business ethics almost creates a
win-win situation. By studying a business ethics it also improves the reputation of the business.

Studying a business ethics leads to changes in outlooks and influences the behavior. It
also provides a set of terminology and conceptual framework in which we can think and talk
about ethical issues. It also gives a good decision making and teaches to make a moral distinction
and to avoid fallacies that people often fall into when making decision.

Thus learning of business ethics plays a very important role in business and also in a
personal life.

Thank you