Business Ethics and Corporate Governance, Second Edition

HOW CORPORATIONS OBSERVE ETHICS IN THEIR ORGANIZATIONS?

Organizations have started to implement ethical behaviour by publishing in-house codes of ethics which are to be strictly followed by all their associates. They have started to employ people with a reputation for high standards of ethical behaviour at the top levels. They have started to incorporate consideration of ethics into performance reviews. Corporations which wish to popularize good ethical conduct have started to reward ethical behaviour. Codes promulgated by corporations and regulatory bodies continue to multiply. Some MNCs like Nike, Coca Cola, GM and IBM, and Indian companies like ICICI, TISCO, Infosys, Dr Reddy’s Lab, NTPC, ONGC, Indian Oil and several others want to be seen ...