Professional Documents
Culture Documents
Ethics - Group Dynamics
Ethics - Group Dynamics
By
Allen Thomas Kannattu
Akriti Jain
Nikhita Gupta
Richa Goel
Sangita Ghosh
Venkat A V R Govind
The
ft
ETHICS
En
ro
n,
W
or
ld
than Before?
co
m
g
n
i
s
i
t
r
e
v
Ins
i
,
Shareholder Value? Sa
ty
am
der
d
A
e
v
i
Tra
t
p
e
din
Dec
n
g
io
t
D
a
n
e
i
s
fec
m
e
i
c
r
i
c
t
c
tiv
a
Dis
r
P
s
e
s
e
p
n
i
s
rod
u
B
l
a
uc
g
e
l
l
ts
I
Sexual Harassment
Abuse Of Resources
What Is
Ethics?
A set of rules and values that define right and wrong conduct.
They indicate when behavior is acceptable and when it is
unacceptable.
Role Play!!
SAHARA VS SEBI
Key players
Sahara India Pariwar chief Subrata Roy
Sahara India Real Estate Corp (SIREC)
Sahara Housing Investment Corp (SHIC)
Securities and Exchange Board of India (SEBI)
Supreme Court of India
Investors
Promoters, accredited agents
The case came into light when SEBI reviewed the Red Herring Prospectus of
Sahara Prime City Limited.
November 2010 - SEBI restricted the promoters and directors of SIREC and SHIC
from raising any capital through the issue of securities including any form of
securities.
Violations (1/2)
Money was raised through OFCDs under the guise of Private
Placements.
Violations (2/2)
Untrue Red Herring Prospectus
Lack of transparency and information pertaining to the issue
of OFCDs.
Lack of credibility of investor documents.
2G scam-
Coalgate scam
Satyam scam
Inflation of the accounts in order to show the companys good
image
US $3.5
trillion
loss of 5% of its annual
loss of
revenue of an organization
1,388 incidents
of fraud worldwide
Some Examples
Why is it important?
Ethics influence and contribute to:
Employee commitment.
Investor and customer loyalty and confidence.
Legal problems and penalties.
Customer satisfaction.
The ability to build relationships with stakeholders.
Cost control.
Performance, revenue, and profits.
Reputation and image.
Lie to the lady and sell the house to your brother at Rs. 20,00,000
Tell the real worth to the lady and let her decide if she can sell the
house at 20,00,000 to your brother
Organizational Culture
Founder
History
Defining Moments
Stories of Development
Organizational Systems
Structure
Policies and Rules
Code of Ethics
Reward System
Selection and Training
Is
Decision
or Behavior
Ethically and
Socially
Responsible?
External Stakeholders
Government Regulations
Customers
Special Interest Groups
Market Forces
Organizational
Individual
Societal Perspective
Legal Perspective
Organizational Perspective
To provide guidance for employees, an organization can
define ethical and unethical behaviors.
Individual Perspective
Despite prevalent societal, legal, and organizational
Video!
Thank
You!!!