Codes of Conduct & Business Ethics Ob

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    Public Sector

    Enterprises

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    Topic ContentsRole of public sector in CSR

    Codes of conduct of PSEs

    Various Codes of ConductsBusiness Ethics

    Objective of Business Ethics

    Various Business Ethics

    Case Studies

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    Role of Publicsector

    A public sector enterprise is an enterprisewhere minimum fifty-one percent or more

    share is held by the Government.PSEs are more inclined towards social

    benefits rather than making profits.

    Inclusive and substantive growth are two

    main priority of the PSEs.

    CSR activities are generally carried more bythe PSEs in comparison with the privatesector.

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    Codes of Conduct A code is set of rules or principles of behaviour.

    Codes of Conduct are the governing rules formed bythe corporate organisations to gain the confidence and

    support of the public. Code has been prepared as a working guide and not as a

    technical legal document.

    General guide to acceptable and appropriate behavior atthe company and employees are expected to comply with

    its contents. Absence of a specific guideline, practice or instruction

    covering a particular situation does not relieve anemployee from exercising the highest ethical standardsapplicable .

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    Various Codes of ConductsFair Competition

    Compliance with Laws and RegulatoryOrders

    Conflicts of Interest

    Confidential Information and Privacy ofCommunications

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    Business EthicsEthics is a set of values and principles that we stronglybelieve and follow.

    The concept of business ethics has come to mean variousthings to various people, but generally it's coming to know

    what it right or wrong.

    Business ethics has come to be considered a management

    discipline, especially since the birth of the socialresponsibility movement in the 1960s.

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    Objectives of Business

    EthicsThe primary objective is to define highest good of man

    and set a standard for the same.

    Study the human behaviour ,making evaluative

    assessment about them as moral or immoral.

    Gives prescriptive advice on how to act morally in aspecific kind of situation.

    Prescribing moral behaviour and making

    recommendations about how to behave & vice-versa.Expressing an opinion or attitude about human conduct.

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    Various Business EthicsEthical Conduct

    Protecting Company Assets

    Integrity

    Responsibility

    TrusteeshipAccountability

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    Example of PSEs engaging

    in CSROIL AND NATURAL GAS CORPORATION OF INDIA

    {ONGC} :

    Its Initiatives:

    Community Development Programmes

    Environment Protection Programmes

    Safety Programmes

    Other CSR Initiatives

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    Case Study Coca Cola Company Ltd.

    ITC Ltd.