Business ethics June 2024

Description

Business Ethics Governance and Risk

June 2024 Examination

 

 

 

Note: This assignment is application based, you have to apply what you have learnt in this subject into real life scenario. You will find most of the information through internet search and the remaining from your common sense. None of the questions or answers appear directly in the textbook chapters but are based on the concepts and content covered in the chapters or live sessions, directly or indirectly.

1. “Business should provide goods and services in a manner that is sustainable and safe.” Prepare an executive summary (in your own words) to showcase how the company is delivering on this Principle 2 of the National Guidelines on Responsible Business Conduct (NGRBC) from the Business Responsibility & Sustainability Report – 2022-23 (BRSR) of a company of your choice. Choose any ONE listed company from the BSE/NSE list of top 100 companies by market capitalization. You must mention the name of the selected company and include the weblink to its BRSR. (You may also refer to the company website or its sustainability report for additional information on this principle and its indicators) DO NOT copy paste. (10 Marks)

Ans 1.

Introduction:

Reliance Industries Limited (RIL) stands as a beacon of corporate responsibility and sustainability in India’s business landscape. As one of the top companies listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), RIL has garnered not only financial success but also recognition for its unwavering commitment to responsible business conduct. Principle 2 of the National Guidelines on Responsible Business Conduct (NGRBC) emphasizes the importance of providing goods and services in a manner that is sustainable and safe, a principle deeply ingrained in RIL’s corporate ethos. The Business Responsibility & Sustainability Report (BRSR) for 2022-23 offers insights into RIL’s efforts in this domain, reflecting its dedication to sustainable practices

 

 

 

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2. Go through the ‘Corporate Governance’ section in the annual report (FY2022-23) of the company selected in Q1 and prepare an analytical write up (in your own words) on its corporate governance philosophy, each board member’s profile analysis in terms of whether they are executive, non-executive, or non-executive & independent, their skillsets/ competencies, the committees they are a part of in this company and their other board positions outside of this company. Conclude with your analysis/insights about the contribution that these board members make to their fiduciary duty of care and diligence as ‘trustees of social wealth’ on the board of this listed company. (You must go through their profiles as given on the company’s website in ‘investor’ section for additional relevant information). You must mention the name of the company and include the weblink to its annual report 2022-23. (10 Marks)

Ans 2.

Introduction:

Corporate governance stands as a cornerstone of Reliance Industries Limited’s (RIL) operational framework, ensuring transparency, accountability, and ethical conduct. RIL’s Annual Report for the fiscal year 2022-23 offers a glimpse into its governance philosophy and the composition of its board of directors. As a company of immense stature in India’s corporate landscape, RIL’s governance practices play a pivotal role in shaping its strategic direction and maintaining stakeholders’ trust. This analytical write-up aims to dissect RIL’s corporate governance ethos, analyze the profiles of its board

 

3. You are a sales manager in a mid-size IT company selling IT hardware. The purchase manager for a large company agrees to give you an order of Rs. 50 lakh (their first order with you) on the condition that you will agree to make a Rs. 50,000 donation to his favorite charity (NGO) that is supporting a local youth sports team being managed and trained by his wife.
4. What according to you is/are the ethical dilemma/s in this situation? (5 Marks)

Ans 3a.

Introduction

In the scenario presented, an ethical dilemma arises for the sales manager of a mid-size IT company. The purchase manager of a large company conditions a Rs. 50 lakh order on the sales manager agreeing to make a Rs. 50,000 donation to his favorite charity, which supports a local youth sports team managed and trained by his wife. This situation poses several ethical considerations

 

1. Explain the step wise process of how will you handle this situation? (5 Marks)

Ans 3b.

Introduction:

Handling the ethical dilemma presented in the scenario requires a thoughtful and systematic approach to navigate through the complexities involved. As a sales manager in a mid-size IT company, it is imperative to uphold ethical standards while also effectively managing business relationships