NMIMS Global Access School for Continuing Education (NGA-SCE)

Course: Business Ethics, Governance & Risk

Internal Assignment Applicable for December 2018 Examination

Ans 1.

Area Particulars Example

Recruitment
Discrimination/Harassment
Conflict resolution
Safety
The organization should Certain Birla group
recruit independent of the companies have a
employee caste / creed / preference to recruit
nationality / sex. That is only MARWARIS for
the organization should finance department.
strive to become EQUAL
OPPURTUNITY
EMPLOYER.
The harassment of Harassment of
woman at workplace in woman employees
form of sexual favors are frequent in
asked by superiors is a organization and
problem very frequently political parties.
encountered in the Indian Infact the weaker
context. sex is treated as an
object of desire and
enjoyment by the
top honchos of the
organization.
The conflict resolution Suppose a CFO
mechanism of the gets into an conflict
company should strive with an Indian
and strike a balance promoter on the
between conflicting type of project to
identities and not exploit do. Even if CFO is
the weaker identity in favour of majority
of stakeholders the
promoter gets his
ways to benefit him
via deals that are
susceptible in
nature
The workers working in Chemical company
the organization should employ workers
be given a safe exposed to
environment to work in. chemical fumes.
Example Bhopal
tragedy of Union
Carbide
 Outsourcing Whenever the work it Non payment of
outsourced to a contractor wages to labor
– there are chances of contractor workers
discrimination against the of UPL
contract employee.

Ans 2 Public figure who practices Geeta / or related spiritual based values – RATAN
TATA

 Ratan Tata on joining the TATA group was made Director on board for Rallis
– an agrochemical arm of TATA group. During a board meeting one members
asked the COO why have company sales declined w.r.t. last year. The COO
replied that due to lesser instances of insect attack on crops in India this is
observed. This disturbed Ratan – and he immediately left the board – as
making profits from farmer’s grievance was the last way to earn as far as
Ratan was concerned.
 TATA trust is the majority owner of TATA group companies the trust are
engaged in philontraphic activities known very well with the Indian public for a
long time. Thus they follow the principle of returning back to society from
where the group has earned profits.
 TATA group companies strive to make India self-reliant in areas where it lacks
the necessary expertise – this approach of helping the nation achieve its true
potential is a trait that is dictated in Dharma Shastra’s as offering services to
the motherland.

3.a. Yes environmental sustainability is an ethical principle.

Polluter pays The polluter should pay in terms of

tax; and ways to mitigate the harm
done to the environment via its
activities.
Recycle The principle of recycle should be
applied as and where the waste is
recyclable.
Reduce The waste generation should be reduce
at source itself rather than finding
mitigation measures ones it has spread.
Conservation of the natural habitat The natural habitat of the region should
be conserved so that the delicate
balance of MOTHER NATURE is
maintained.
B.Five critical ideas to enable business embed environment protection / sustainability
within overall business strategy.

A) Commitment of top management / policy making.

 No idea or thought can succeed in the organization without the top

management commitment to the said policy.

B) Implementation of ISO 14001 environment management system.

 ISO 14001 is an effective tool to identify the major environmental hazards

associated with operations; to mitigate the same and to reduce, recycle the
waste generated in the operational phase.

C) Encourage Green chemistry to derive compounds.

 Green chemistry should be encouraged to take forward the compound

making. Find out chemical routes which are not environmentally detrimental.

D) Use of renewable resources

 Promotion on use of solar energy.

E) Conservation of non renewable resources / follow best practices w.r.t. energy

management.

 Energy Managers to handle the resources consumed by the organization and

optimize the same.