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Corporate Ethics
Corporate Ethics
The way an organization should respond to external environment refers to organization ethics.
Organization ethics includes various guidelines and principles which decide the way individuals
should behave at the workplace.
It also refers to the code of conduct of the individuals working in a particular organization.
Every organization runs to earn profits but how it makes money is more important. No
organization should depend on unfair means to earn money. One must understand that money
is not the only important thing: pride and honour are more important. An individual's first priority
can be to make money but he should not stoop too low just to be able to do that.
Children below fourteen years of age must not be employed to work in any organization.
Childhood is the best phase of one's life and no child should be deprived of his childhood.
Employees should not indulge in destruction or manipulation of information to get results. Data
Tampering is considered strictly unethical and unprofessional in the corporate world. Remember
if one is honest, things will always be in his favour.
Employees should not pass on company's information to any of the external parties. Do not
share any of your organization's policies and guidelines with others. It is better not to discuss
official matters with friends and relatives. Confidential data or information must not be leaked
under any circumstances.
There must be absolute fairness in monetary transactions and all kinds of trading. Never ever
cheat your clients.
Organisations must not discriminate any employee on the grounds of sex, physical
appearance, age or family background. Female employees must be treated with respect. Don't
ask your female employees to stay back late at work. It is unethical to discriminate employees
just because they do not belong to an affluent background. Employees should be judged by
their work and nothing else.
Organization must not exploit any of the employees. The employees must be paid according to
their hard work and efforts. If individuals are working late at night, make sure overtimes are paid.
The management must ensure employees get their arrears, bonus, incentives and other
reimbursements on time.
Refute the paradox (dilemma): The situation must be carefully analysed. In some cases, the
existence of the dilemma can be logically refuted.
Value theory approach: Choose the alternative that offers the greater good or the lesser evil.
Find alternative solutions: In some cases, the problem can be reconsidered, and new alternative
solutions may arise.
• In some industries, including banking and finance, specific laws govern business conduct. In
others, a code of ethics may be voluntarily adopted.
• The main types of codes of ethics include a compliance-based code of ethics, a value-based
code of ethics, and a code of ethics among professionals.
A focus on climate change has become an integral part of companies' codes of ethics, detailing
their commitment to sustainability.
4) Indian ethos
The Meaning of ethos is the guiding principles of a persons. a group or an organization ethos is
a set of beliefs, ideas about social behaviour and solationship a person or a certain group.
Indian ethos consider humanity as It focuses on t Supreme a person is good, then a whole
woond us good". Therefore indian ethos refer to the principle of self management, governance
of society, organization or a system as revealed and brought by the great pictures Scriptues like
vedas, Upaietchas, bhagavat Mahabharadha bible, kuran and tirukkural. This wisdom has
evolved through the whole practice B the indian philosophors and Indian gurus and is us found
to have implications for self management and good governance of the Society and environment.
business
1. Humanity
2 Mutual trust
3. purification wind A Spirit of sacrifice.
5.self realization
6 Corporation
7. Unity in diversity
11.Mutual understande