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Enhancing Value Through An Ethical Culture: Dr. Anita Shantaram
Enhancing Value Through An Ethical Culture: Dr. Anita Shantaram
www. .comShantaram
Dr. Anita
Legasis Profile
• Legal Systems and Integrated Solutions
• Specialized Business Enterprise
• Compliance, Governance & Ethics
• Intellectual Property Rights
• Market leaders in Compliance Solutions (India)
• Consistently in worlds top 500 IP firms (IAM 500)
• Largest software patent filer in western India
• High Ethical Quotient
• 140 Lawyers, 15 IT Professionals, 10 PCS, 5 Locations
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Products & Services
A comprehensive, robust, highly-customizable, IT-enable legal support solution for tracking,
managing, & reporting on legal, regulatory & internal compliances.
A tech enabled litigation management solution that assists legal departments in understanding,
managing, controlling & strategizing all types of litigation
A Cloud based specialized support service for PCS to enable certification (section 92 read with
rule 11 of Companies Act, 2013)
A tech enabled Board Evaluation Tool designed in consonance with the SEBI Regulations &
applicable statutory provisions.
A sustainable solution to enable corporates to ensure effective implementation of law for
Sexual Harassment at workplace (SHW)
SmartCity A comprehensive suite for compliance, litigation & contract management for smart cities
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CENTRAL VIGILANCE COMMISSION
Introduction
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CENTRAL VIGILANCE COMMISSION
THEME
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CENTRAL VIGILANCE COMMISSION
• Integrity Pledge:
• Integrity Index:
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$ 1.5-2 trillion
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• 80% of the participants acting in a corporate capacity
made a decision that 97% of those acting in a personal
capacity judged to be morally unacceptable
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Meet another person interact and discuss any of
the words below:
• Abortion
• Corruption
• Euthanasia
• Bribery
• Environment
• Copyright
• Human Rights
• Smoking/ Alcohol
• Responsible Behaviour
• Terrorism
• Sustainable
• Racism
• Corporate Governance
• Minority
• Conflict of Interest
• Diversity
• Insider trading
• Cloning/stem cell
• Stakeholders
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What Is Ethics?
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What Is Ethics?
Zero tolerance
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Understanding Ethics
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Hammurabi’s Code
• 18th century BC
• 282 laws
• Property rights, criminal
behavior, slavery, divorce
– brutal punishments for
not obeying
• Bone for bone- eye for
eye
• Innocent till proven
guilty
• Minimum wages
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Business Ethics and Compliance
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“Business Ethics” and Actions
affecting the “Image” of the Company
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“Business Ethics” and Actions
affecting the “Image” of the Company
Define corruption
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Can Ethics be taught?
Harvard began offering courses in business ethics back
in 1980’s
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Can Ethics be taught?
COPYRIGHT - KOPIMISM
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Q.1.You try to withdraw $100 from a cash machine,
but instead it dispenses $200, because its been
incorrectly stacked with $20 notes instead of $10
notes. You decide to return the extra cash that isn’t
yours because:
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Q.2. You have decided to apply for a new job, but you do
not have quite enough experience in one key area.
However, you decide not to exaggerate your experience
because:
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Q.3.You have been asked to take an “integrity test”. You
decide to answer truthfully because:
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Q.4. After nine months out of work, you get a great new
job. However, one day your boss verbally abuses a
young female colleague, reducing her to tears. You
decide to act because:
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Q.5. Your boss is a single-parent mother with two difficult
children. She calls in sick and says she will be off work
for a week, but the next day you see her coming out of
the local cinema with her screaming children. You decide
you have to act because:
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Please note how many times you answered a, b or c.
Each answer represents one of the three main moral
philosophies that guide our sense of what’s right, which
we will call:
b) Social Conscience
a) Principled focuses on what “is
conscience is guided considered right or
by “moral principles” acceptable in a
particular society”
c) Rule Compliance is
defined by our “legal
rights and duties”
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Stages of Ethical Development
Ethical
Leadership
Ethical Action
Ethical Reasoning
Ethical Awareness
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Six tests for Ethical Decision Making
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Leaders Say Ethical Leadership is:
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“Ethics has also worked against our growth.
What would have happened if our philosophy
was like that of some other companies which
do not stop at any means to attain their ends. I
have come to the conclusion that if we were
like these other groups, we would be twice as
big as we are today. What we have sacrificed
is a 100% growth”
…. J.R.D.Tata
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Can Ethics be taught?
1. Rationalisation
3. Peer pressure
5. Corporate culture
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Can Ethics be taught?
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Case I
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Case 2
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Case 3
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Case 4
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12 Ethical Business Practices
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Reporting: Why and Why Not?
Felt no one else would report 49% Did not know who to contact 18%
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Millennial
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37% of respondents thought employees cynicism
was the top threat to the effectiveness of their E&C
training programs
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Expectation from Board
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Top 5 risks reviewed during C& E risk assessments:
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Culture Breakdowns Are the
Leading Cause of Misconduct
69% of
settlements were
identified as
culture-related
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When Leaders Demonstrate a Commitment to Ethics,
Workplace Integrity Improves Significantly
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A Thought
...The Power of the Ethical Management.
By Kenneth Blanchard and Norman Vincent Peale
New York 1988
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