Business Ethics, Governance & Risk

April 2023 Examination

Q1. Locate the Business Responsibility Report (under Directors Report) of the Annual
Report (2020-21) of any ONE listed company (refer to: top 200 companies by revenue –

NSE or BSE List). Go through the disclosures on the following 3 Principles;

a) Principle 3: Businesses should promote the well being of employees

b) Principle 4: Business should respect the interest of and be responsive towards all
Stakeholders, specially those who are disadvantages, vulnerable and marginalized

c) Principle 5: Business should respect and promote Human Rights Collate the information
disclosed under these 3 principles and prepare a note (in your own words) on the
company’s philosophy, approach/policy and initiatives that showcase its People
commitment. (10 Marks)

Ans 1.
Introduction
The business duty record examines the overall company performance based on the competitive
section. The business of Adani is presently on top in the global market due to this company's
enhanced need for products. The entity checklist of this company based upon a business record
includes the corporate address, number of corporate business identities and much more elements
to advertise the demand for green power restricted fields in the current market. The fiscal year of
this company is done on a business report to address the information regarding company
websites and job value. This area will be reviewed regarding the Adani business enterprise,
consisting of the company plan and principles. The company approach, campaigns, and strategy
will be checked out in this area to review the business display to attain the business targets and
attain a high rate of the business worldwide.

Concepts and Application

● Introduction of selected companies such as Adani enterprise limited- The solutions of

Adani provide business assistance in diverse areas of electric power generation, port
management, and renewable energy. Transmission, airport terminal procedures, mining,
infrastructure, food handling, and gas. Currently, this company covers the contribution of more
than 100,000 personnel worldwide to supply high-rate solutions to investors or stakeholders. The
product and services of the company consist of a 90% turnover in the generation of renewable
energy, power energy, and electric power assistance to drive the need for renewable resources.
This company's business operation regulated the workers' demand to absolutely no percent
turnover in the export payment related to the business entity.

● Discussion of three principles followed by Adani enterprise limited- Similarly, the well-
being concept of the company is concentrated on nation-building that helps to provide the
investment structure related to the growth of the Indian economy. Furthermore, the workers'
well-being in business thought that the social, environmental, and administration concepts to
accomplish the very best business obligation delivered business evaluation. ESG adherence to
the business principle of well-being transforms the long-term business worth and society to
create or determine systemic possibilities in business. The well-being specified the objectives,
dedication, and set targets to define business entities and timelines to advertise the well-being of
people. The well-being concept of the company serviced sustainability commitment to drive the
much better ambition to accomplish renewable resource capacity.

● Evaluates the company policy - Likewise, company policy mainly covers business core
aspects based on the grievance staff member’s policy, management incorporated system plan,
standard procedure, CSR plan, and the procurement land policy to drive the best business
evaluation. The company board made up the looking-after business technique to drive the
policies, activities, and business approaches to control human safety, health and wellness, and
management solutions to cover the global context in the business framework. The ABAC plan
additionally consists of internal control, danger analysis, corruption-associated systems, and anti-
corruption to drive the best business adjustments.

● Explore the initiatives, approach, and philosophy of Adani enterprise limited- Similarly,
the means and signing rights of AGEL help to establish the arrangements based on owners' land
to protect the business proprietors and enable the construction strategy to drive the best commute
adjustments in the business. The consultative procedure in the sector is directly involved with the
employees, stakeholders, agreement workers, and associated adjustments to handle the
ecological business community. The company's central viewpoint is to evaluate the internal
system to manage grievances and human rights concerns to assess the management method that
aids in constructing competitive business management.

● Critically evaluated the people showcase and initiatives of Adani enterprise limited-
Similarly, the business assurances is engaged with the green power solution to verify the
independent business involvement to accomplish the information efficiencies and business
sustainability on the market. Furthermore, environment adjustment is another initiative the
company addresses to create business interaction to verify the business approach and cover the
mutual contract. The company management is supplied with a much better business analysis and
information report to make efficient company data. The approach adopted the sample-based
changes to cover the business limitation to assess the gathering and management system process.
Among the substantial campaigns of Adani's business is to safeguard biodiversity from attaining
loss of biodiversity with the placement of 100% to drive the far better sector advancement by
2025.

Conclusion
From the above area, it has been analyzed that the business baseline has been based on the
generation of sustainable energy to support the discussion and generation of business operations.
The decision-making modifications have boosted stakeholder interaction in business to cover
four significant steps: prioritization, influence value, and identification of stakeholders to design
the business market.
Q2. Protecting data privacy is urgent and complex. This protection is necessary because of
the all-pervasive, technology-driven, and information-intensive environment, typical of
today's corporations. Multiple risks involved in data management are propelling
information/data protection to the top of the corporate management agenda. What
according to you are the two ethical risks faced by the business in relation to data
protection and can you chooses and explains any two Data Protection Principles applicable
to businesses in India? (10 Marks)

Ans 2.
Introduction
In today's globe, personal data privacy is vital for any organization and clients because there is a
great deal of burglary. Data protection will save the data associated with the available job of an
organization. It may create significant problems for the business. Some cyberpunks can utilize
the personal information of individuals and data of companies, the economic data of the
company, etc. Presently, even more, companies will update for data safety and security
modifications. The digital company has established challenges and chances for businesses to
regulate the market's brand-new innovative technology and data threat. The data info gives
private information; however, it also affects the individual info that hacked somebody's
information market. This section will examine the safety, data defense, and data management to
drive vital modifications in business. The importance of data management and company agenda
will be seriously examined to develop the business changes.

Concepts and Application

● Define data protection and security in the workplace based on data management- Data
security is the procedure of embalming essential data details from corruption, hackers, thefts, or
numerous losses. Data security privacy is most likely necessary because the data is being
developed and boosted with no disruption. For this reason, according to the data agency, it is
guaranteed that the data can be swiftly updated without disruption. Data management must make
protected for the organization because dripped data is not ideal for workers and management.
Protection is essential for a company to create a brave atmosphere in the work environment. This
also depends on the staff members; they should be honest with their organization. It ensures that
they do not share the company's data with others. This impacts the workers since personal data is
additionally readily available. It can create a fearable setting.

● Discussion on data management, propelling information based on top corporate

management agenda- Data Management and its two things for data management: data lifecycle
and information lifecycle. In the data lifecycle, the management is creating automatic
management for the schedule of online and offline data carrier systems. On the other hand, info
lifecycle management is functioning when any device, mistakes, or infection problems have to
be dealt with.

● Explain and select the data protection in business- Data defense plays a crucial role in the
industry. A company can safeguard its and its employees' online reputation through data
processing. Data handling is likewise called data protection. Data security is essential for all
companies that collect data. It will be effective when there are data remediation approaches, data
loss prevention, etc. In business, a company has sources of data backup. A data backup system
avoids the loss of data.

● Discussed two best data projections principles in business- The customers should have
enough data to ensure that they can make the data readily available even after it is lost to carry
out the business. The pandemic of coronavirus influencing every organization, and the result is
that staff members are doing their work from residence. In this situation, developing a data
protection system that must be available is most important. There are numerous sorts of concepts
of data forecasts. However, we will discuss just two concepts –

❖ Data availability - It is made sure that every user and every company ought to have the
readily available data, such as in the form of paper copies, in other accounts and laptop
computers, in another e-mail, and so on, to require the conduct of business at the time of data
loss.
● Critically analyzed the application of data protection principles in Indian business- In
India, the federal government is ready to make a defense bill called the Personal Data Security
Bill (DPB). Through these bills, the Indian federal government is safeguarding the individual
data of the people of India. According to the Indian government, instead of complying with the
Chinese system, the management would be informed the customers of Facebook and goggles to
operate and protect against its restrictions. Cyber-attacks have been seen in the last number of
days. The Indian federal government has transformed its service designs according to data
protection principles. Data defense principles and rules play a considerable duty in establishing
the safety degree for workers to construct a much safer environment in business.

Conclusion
Data defense has been developed to boost the security process to be rated and raise the data
protection worth to make the business market. The actions and concepts have been recovered for
data protection. Cyber strikes are a terrific example of this, due to which people have likewise
encountered many problems related to banks, individual data, etc.

Q3a. Do you think pollution is the consumer responsibility as well? Why do you think so?
Who are the other stakeholders around this issue, and how are they contributing to the
escalating problem? (5 Marks)
Ans 3a.
Introduction
Consumer responsibility is examined as the payment of clients to escalate service support. It will
spread pollution in our setting. This waste of materials originates from making raw materials and
products carried by transport which pollute the setting. This is defined in the Consumer Defense
Act. It was published on 26th December 1986 in the Gazette of India.

Concepts and Application

● Define the term consumer responsibility and pollution in it - Consumer Responsibility is

such a responsibility in which the consumer takes responsibility for the cost of an environment
and the result of buying and utilizing products. The consumer's responsibility is to avoid buying
goods from companies that do not have information regarding the items. The Consumer Security
Act of 1986 jobs concerning the products' drawbacks and the consumers' interest and safety.

● Why do you pollute? Related to consumer responsibility- Consumers are responsible for
the pollution because they are constantly lowering trees, producing air pollution and the results
of global warming. To make manufacturing facilities and build people is burning wood to
contaminate the setting. They spread emissions and minimize oxygen gas for us.

● Who are the main stakeholders related to these issues, and how they are contributed to
the problem - The federal government tries and is the primary stakeholder to prevent our
country from this unified setting. To quit making plastic points to penalize those individuals who
reduced the trees is a decision by the federal government. The government is increasing the value
of woodlands which detoxifies the air. It will help to eliminate the problems associated with the
health of human beings and their lives on earth. Try to increase forests; it is assisting in keeping
worldwide warming. According to present information, several cities may be sinking due to
international warming effects in the coming few years.

Conclusion
Consequently, it has been the factor that consumers have been responsible for pollution. The
federal government has made tough decisions regarding the rules associated with securing the
environment. The misbalancing of global warming has increased the water level and changed the
climate in a disorderly fashion to meet consumer demand.

Q3b. Analyse at least two ethical dilemmas faced by companies while trying to reduce their
pollution levels. (5 Marks)
Ans 3b.
Introduction
The ethical dilemma is identifying the consumer identity resolution and using underhanded
organization actions they are making short-term earnings. However, they will shed in profit as
per these actions in the long term. In the company, ethical dilemmas will be kept clear of as
much as feasible so the firm can profit in the long run.

Concepts and Application

● Define ethical dilemmas analyzed by the company- Moral predicaments play a crucial role
in the office. It develops violence in offices and influences the atmosphere. However, it can be
complicated to overcome moral troubles in daily business conduct. As needs and competitors
continuously increase in our industry, all firms must avoid ethical dilemmas as long as possible.
In an organization, ethical issues play various concerns. The business should be pure with
following guidelines and regulations. Business ethical rules and policies are lawful with the
government and with the count on of customers. Moral issues may be dealt with faster methods
to make a profit.

● Discussed two major ethical dilemmas in business- In this; significant moral problems can
be seen in service. The two primary ethical issues depend on these -.

 Nepotism - In various organizations see nepotism. The staff members make the teams
according to their caste and degree and tolerate various other people. This will have to do
with the owners of the company. It is triggering concerns at workplaces.

 Harassment - This happens in work environments in the optimum service. It takes place,
particularly with women workers.

● Recommendation to reduce the pollution level in ethical dilemmas- Similarly, the pollution
degree related to honest predicaments drives the recognition, perspective, assistants, resources,
and moral requirements to create the most effective action in the organization. The number of
changes, materials, and burning of greenery in the atmosphere assists in handling honest
predicaments to conserve the atmosphere from pollution. Reducing crackers, plastic bag use,
public transport, reuse, and reusing aid promote a pollution-free environment and establish a
more secure way of living. In addition, ecological problems are rapidly fixed through
deforestation, waste management, pollution, worldwide warming, climate modification, and
overpopulation.

Conclusion

Therefore, from the above section, it has been gauged that the setting has affected both our way
of life and health at the current time. Fundamental ways have been developed to manage the best
environment, consisting of recyclable modifications, supporting a pleasant environment, and
appropriately reusing. Preservation values have attracted the best ecological community and
human communities to a far better setting.