The General Manager of OMQ Mr.Pankaj Satija has a say on this initiative that “Sports is a way of life of Tata steel.” And Tata steel believes that Jharkhand has provided with some fine international hockey players to the Indian hockey team so it has chosen Noamundi as its ground to encourage rural talents.
A Nationwide Environment Awareness Campaign “Greenfection”
In June 2010, Tata steel launched its environmental campaign “Greenfection” in order to spread the knowledge about need to save environment among the citizens.
The launch was marked by Green lightning of184-ft high grand white structure, Victoria Memorial and 17-storey Tata centre- icons of Kolkata.
It has also joined hands with WWF (world wide fund for nature- India) to use their
…show more content…
It does not mean having ‘all the evidence’ about the potential violation or case reported The core ethic principles that take place in Tata Steel are mentioned below:
1. They do not tolerate bribery or corruption in any form. This commitment underpins everything that they do.
2. They treat social development activities which benefit the communities in which they operate as an integral part of their business plan.
3. They shall strive to create an environment free from fear of retribution to deal with concerns that are raised or cases reported in good faith. No one shall be punished or made to suffer for raising concerns or making disclosures in good faith or in the public interest.
4. When they represent their company, they shall behave professionally act with honesty and integrity, shall confirm to the highest moral and ethical standards. In their operating countries they shall demonstrate culturally appropriate behaviour. Their conduct shall be fair and transparent and be perceived as fair and transparent by third
…show more content…
Tata Steel group believes that by achieving its goals of value creation, safety, environment and people, it can become the global steel industry benchmark. Corporate governance guidelines ensure that the Board will have necessary authority to review and evaluate Company’s operations; moreover these guidelines let the Board to make the decision independent of the Management. The Board comprises of 11 members, including one woman member.
The Nomination and Remuneration Committee works with the Board to determine appropriate traits for the Board as a whole as well as individual member, so as to have the Board with diverse background and experience in business. All the new Independent Directors are given orientation as a part of familiarisation programme. Average of 50 hours was invested by the company in the IDs in the year of 2016 to get them acquainted with the Company’s strategies, operations, products
To ensure that the company thrives and overcomes the crisis that may come on the way, the company has various strategies and ways to overcome that and to keep the company on the track which includes constitution and board of directors which has various roles and responsibilities. The company has got a constitution and also corporations’ act. The companies’ values are the trust, integrity and honesty. The board carries out the duties in regard to the interest of the companies’
Protecting employees against reprisals when they report, in good faith, actions they feel violate the law or these standards.
All business must be conducted in the best interest of Given Company. Employees are not allowed to accept unsolicited gifts, favors, discounts, entertainment, and/or kickbacks, from any person or institution conducting business (active or future) with Given Company. All business activity must fall within the scope of routine business. Any activity that is for personal gain, personal motive, or would impair an employee’s judgment is strictly prohibited. Employees are expected to report any and all gifts, favors, discount, and/or entertainment as per company policy and regular business reporting practices set forth by the company.
Inform agent of legal and ethical obligations ( particularly with respect to WHS and anti-discrimination legislation) and any standards or codes of conduct followed by the organization
Another important factor to consider is if each of the organization's employees is being treated fairly. An organization should ensure that they create and follow a code of ethics in which employees feel that both the employee and the employer are held accountable and encouraged to be ethical in treatment to one another. This translates as a feeling by employees that the employer trusts them in their jobs and professions and that all employees are treated fairly and justly in all actions and company pursuits. This means that each employee should be treated
Luke is an employee of ABC Company. He has been assigned to a construction of an adult entertainment retail store within a neighborhood his brother, Owen, lives in. The development of the retail store has not been made public yet and will be announced one month from today. This announcement will decrease the property values of the surrounding areas significantly. Owen is trying to sell his house. He told Luke that he recently received an ‘okay’ offer. However, in hopes that a better offer might be present itself in a few years after the real estate market improve, he has not taken the offer yet. Luke is very close to his brother, which makes him concerned about his confidentiality obligation to ABC Company.
* Be open and honest, act with integrity and uphold the reputation of their profession
The company is also involved in their local communities through activities such as financial support to charities and education, supporting 4H clubs, and a hosting a variety of
TI has a decentralized structure, which comprises the company’s BOD and executive officers. The BOD commits effective and responsible corporate governance. The board deliberates its governance practices annually to ensure they make sense for the company in today's business environment (The Economist, 2009). The BOD nominates the executive officers of the firm. They comprise the chief financial officer and chief executive officer as well as the leaders of the firm’s principal business functions and units.
In order for the directors and executives in any company to know that their employees are acting in an ethical manner, they need a defined
Workers must meet their organisation’s objectives and the professional standards of their occupation which requires them to have the ability to operate within a relevant code of ethics, conduct or practice. Each organisation may have its own code of ethics or may refer to an external
An organization’s competitive position is determined by how well its board of directors are able to discharge their duties and responsibilities. The organization should consist of leaders who are able to direct their company forward with the effective accountability and corporate social responsibility (ST Engineering, n.d). Similarly, at Singapore Technologies (ST) the board of the company is accountable to the shareholders for the overall company’s performance. They are to ensure that there is a transparency in the system and good governance is not only practised at the Board level but also throughout the organization. ST organization comprises 14 Directors, and 1 alternate director (Corporate Governance, 2014). The mission of the board provides leadership and guidance to the management of individual sector of ST. All sectors within the company are guided by the corporate governance framework developed by ST itself. The organization strongly believes that good corporate governance is not only the responsibility of the board, but also the management and every level of the company (Corporate Governance, 2014). Singapore Technologies use the top down approach to ensure an affective and a systematic organization. The board of director and the management of ST work hand in hand to formulate business strategies, directions, acquisitions, divestments and risk policy. The decision-making process is critical to the success of the company, thus, the engagement of its leaders and management to facilitate the board’s decision-making process is done through meetings and conferences (Corporate Governance, 2014). Furthermore, ST Aerospace the arm of ST Engineering is committed with a culture to provide customer satisfaction and works single-mindedly to meet their customer’s requirements and deliver value beyond
* Protect the rights and promote the interests of people and their careers – this is to include
Today’s business world presents numerous ethical issues. In today’s world above board/moral ethics in organizations do not often materialize intuitively. Organization must strive to provide employees with a clear understanding of the overall company vision. This will aid employees in practicing the code of ethics, policies and procedures in the workplace. Companies must be unwavering in continuously delivering the uppermost ethics of provision in which customers, applicants and employees are entitled to under fair business practices. One major core value is to uphold responsible and fair business practices.
All directors and senior management employees of the Company shall at all times ensure compliance with all the relevant laws and regulations affecting operations of the Company. They shall keep abreast of the affairs of the Company and be kept informed of the Company's compliance with relevant laws, rules and regulations. In the event that the implication of law is not clear, the course of action chosen must be supported by eminent legal counsel whose opinion should be documented.