Ethical Principles Of Tata Steel

The purpose of this paper is to examine an ethical dilemma faced by a company who manufactures critical components for a pacemaker developer. The consequentialist ethical theory of utilitarianism will be used to evaluate the moral implications this company has in continuing further manufacturing for their pacemaker client. An overview of utilitarian ethics will be discussed, focused primarily around 17th century philosopher Jeremy Bentham’s ideas about ethics. His framework will be used to present factors that influence the transistor company’s business decision. Finally, the Utility Test and Common Good Test will be applied to the company’s predicament to help determine the correct ethical course of action for this

* Be open and honest, act with integrity and uphold the reputation of their profession

* Protect the rights and promote the interests of people and their careers – this is to include

All officers, executives, managers, and employees should respect the privacy of all employees, customers, and other stakeholders. The dignity principle also explicitly forbids child labor and allows the employees to have the option to join a union for representation. Finally, this principle calls on all stakeholders to respect other cultures and beliefs (Stanwick & Stanwick, 2009).

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.

4. All employees will be honest and responsible in their work, speech, and all communications, including personal and organizational finances, never seeking special favors, or borrowing from other employees or from those doing business with this 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

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.

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’

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

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

Businesses should make it imperative that its officers, directors and employees act at all times in an honest and ethical manner in connection with their service to that particular company. The principles of integrity and accountability are the cornerstone of that companies' success. This code of business conduct and ethics sets basic principles to guide all employees, officers, and directors of that particular company. All of the personnel and directors of that business should conduct themselves accordingly to avoid in fact and the appearance of improper behavior. Ethical business conduct calls for all companies and their personnel to assume responsibility for safeguarding and preserving that company's assets and resources in the

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.

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.