Human Values and Professional Ethics

Presentation:

Code Of Ethics,
Examples of Indian and Global Companies with
their Code of Ethics
 ➢ Definition
Overview ➢
➢
The six principles of Ethics
Types
○ Compliance based
○ Value based
➢ Importance of Ethics for Professionals
➢ Examples of some Indian and Global
Companies with their Code of Ethics
Definition
● A code of ethics is a guide of principles designed to help
professionals conduct business honestly and with integrity.

● A code of ethics document outlines the mission and values of

the business or organization, how professionals are supposed
to approach problems, the ethical principles based on the
organization's core values, and the standards to which the
professional is held.

● A code of ethics, also referred to as an "ethical code," may

encompass areas such as business ethics, a code of
professional practice.
Business Ethics
Business Ethics
1) Business ethics refers to how ethical principles guide a
business's operations.
2) Common issues that fall under the umbrella of business ethics
include:
a) Employer-employee relations
b) Discrimination
c) Environmental issues
d) Bribery, insider trading, and
e) Social responsibility.
3) While many laws exist to set basic ethical standards within the
business community, it is largely dependent upon a business's
leadership to develop a code of ethics.
Principles of Code Ethics
 6 Principles of Ethics

The ethical principles that must be followed are the principles

of :

1. Justice
2. Autonomy
3. Beneficence
4. Nonmaleficence
5. Fidelity
6. Veracity
PRIMARY PRINCIPLES

Justice is a principle with four components: distributive justice; respect for the law; rights
and retributive justice.

Autonomy is the capacity to think, decide and act on the basis of such thought and
decision, freely and independently

Beneficence emphasizes the moral importance of doing good to others; in the context of
bioethics it refers to the promotion of what is best for the patient.

Non-maleficence is often referred to as the opposite side of the coin to beneficence. It

states that we should not harm patients. It differs from beneficence in the scope of its
application: we have a prima facie duty not to harm anyone.
ADDITIONAL PRINCIPLES

Fidelity refers to meeting the patient‟s reasonable expectations regarding respect,

competence, subscribing to a professional code of conduct, following policies and
procedures honoring agreements made between clinician and patient.

Veracity is defined as being honest and telling the truth and is related to the principle of
autonomy. It is the basis of the trust relationship established between a patient and a
health care provider. This allows patients to use their autonomy to make decisions in their
own best interest.
Types of Code of Ethics:

1. Compliance Based
2. Value Based
 Compliance based Code of Ethics

● Compliance-based codes of ethics not only sets guidelines for conduct but
also determines penalties for violations.
● It is developed to ensure that the business and its employees comply with
all laws and regulations in an appropriate manner.
● Three key elements include the prevention, detection and punishment of
non-compliant behavior.
● Compliance based ethics code has to do with obligations where you are
obligated to do the ethical thing.
 Value based Code of Ethics

● A value-based code of ethics addresses a company's core value system.

● It attempts to encourage good, ethical behavior rather than focusing on
monitoring and punishing errors or bad actions.
● It may outline standards of responsible conduct as they relate to the larger public
good and the environment.
● Value-based ethical codes may require a greater degree of self-regulation than
compliance-based codes.
Importance of ethics for Professionals
Importance of Ethics for Professionals
● Regardless of size, businesses count on their management staff to set a
standard of ethical conduct for other employees to follow.
● When administrators adhere to the code of ethics, it sends a message
that universal compliance is expected of every employee.

Important: While a code of ethics is often not required, many firms and
organizations choose to adopt one.
Importance of Ethics for Professionals
Key Takeaways
● A code of ethics is a guide of principles designed to help professionals
conduct business honestly and with integrity.
● Breaking the code of ethics can result in termination or dismissal from the
organization.
● In some industries, including banking, specific laws govern business
conduct. In others, a code of ethics may be voluntarily adopted.
Examples of some Indian and
Global Companies with their
Code of Ethics
Example 1: Microsoft
Empower every person and every organization on the planet to
achieve more

Microsoft’s commitment to corporate responsibility and integrity guides everything we do

as a company, and defines the work of our ethics and compliance program. We have high
ethical standards governing the way we conduct our business, standards that we also
apply to our suppliers and business partners. Our business practices and standards reflect
our commitment to making a positive impact around the globe. We demand such high
standards from ourselves and our partners to preserve trust with our customers,
governments, investors, partners, representatives, and each other, and because it is the
right thing to do.
Overview of Microsoft’s Ethics Program

Microsoft has built its compliance and ethics program on three pillars: Prevention, Detection,
and Remediation.

Prevention:
To prevent compliance issues from arising in the first place, we focus on
promoting a culture of ethics and integrity. We do this through creating a
culture of compliance throughout our company, and through our Standards of
Business Conduct, policies, and training, while also using data analytics, risk
assessment, proactive investigations, third party vetting, and other compliance
efforts to minimize potential risks.
Overview of Microsoft’s Ethics Program
Detection:
We detect potential compliance issues in several ways, including testing by our Internal
Audit group, monitoring through our compliance analytics program and by our Controls &
Compliance teams, investigating concerns reported by employees and others, and
analyzing trends through our Office of Legal Compliance. Compliance is a team effort at
Microsoft. Every employee is responsible for upholding our standards, fostering the culture
of compliance in their Microsoft team and partners, and reporting concerns.

Remediation:
We assess the root cause of problems, and continually enhance our controls and
processes to minimize the risk of recurrence. This process is a core component of
Microsoft’s compliance program and growth mindset culture. We discipline employees who
violate our policies and standards, regardless of their level, and we stop doing business
with partners and suppliers who don’t meet our ethical standards.
Overview of Microsoft’s Ethics Program

Microsoft Standards of Business Conduct

Our standards reflect our culture and values, and the principles that guide our behavior. Our
employees use these standards to understand what is required of them, get help when
needed, and make good decisions that build trust and empower our customers and
partners to achieve more
Example 2: Google
"Don't be evil." Google generally apply those words to how they serve their
users.

But "Don't be evil" is much more than that. Yes, it's about providing our users
unbiased access to information, focusing on their needs and giving them the
best products and services that they can.

The Google Code of Conduct is one of the ways we put "Don't be evil" into
practice. It's built around the recognition that everything we do in connection
with our work at Google will be, and should be, measured against the highest
possible standards of ethical business conduct.
Google’s Code of Conduct

● Serve Our Users:Our users value Google not only because we deliver
great products and services, but because we hold ourselves to a higher
standard in how we treat users and operate more generally.
○ Integrity
○ Usefulness
○ Privacy and Freedom of Expression
● Support Each Other:We are committed to a supportive work environment,
where employees have the opportunity to reach their fullest potential.
Googlers are expected to do their utmost to create a workplace culture that
is free of harassment, intimidation, bias, and unlawful discrimination.
○ Equal Opportunity Employment Safe Workplace
○ Dog Policy
○ Positive Environment
● Protect Google's Assets:Google has a well-earned reputation for
generosity with our employee benefits and openness with confidential
information shared within the company. Our ability to continue these practices
depends on how well we conserve company resources and protect company
assets and information.
○ Intellectual Property
○ Company Equipment
○ The Network
○ Physical Security
○ Employee Data
● Obey the Law:Google takes its responsibilities to comply with laws and regulations very
seriously and each of us is expected to comply with applicable legal requirements and
prohibitions. While it’s impossible for anyone to know all aspects of every applicable law, you
should understand the major laws and regulations that apply to your work
● Trade Controls
● Competition Laws
● Anti-bribery Laws
Example 3 : RIL

Reliance india limited (RIL)

At Reliance Group Companies,the issues of ethics is simple , it is a

simple process that involves defining what is right or wrong and then
doing the right things.Ethics management at Reliance group of
companies are all about values and associated behaviours.It is process
of defining values & ensuring that cooperative and individual employee
behaviour show those values.The Reliance Group Companies believe
that any business conduct can be ethical only when it rests on the nine
core values of Honesty, Integrity, Respect, Fairness, Purposefulness,
Trust, Responsibility, Citizenship and Caring.
At reliance they believe that any business conduct can be Ethical only when
it rests on the core values of customer value , ownership Mindset,
Respect , Integrity , One team & Excellence .
Strong commitment for these Values have long been the guiding principles
for Reliance .
 Example 4: Tata Group

● Tata companies have consistently adhered to the values and ideals articulated by their Founder
for over 150 years.
● The Tata Code of Conduct was first formalized by Mr Ratan Tata.
● It articulates the Group's values and ideals that guide and govern the conduct of their
companies as well as their colleagues in all matters relating to business.
“The Tata philosophy of management has always been, and is today more than ever, that corporate
enterprises must be managed not merely in the interests of their owners, but equally in those of their
employees, of the consumers of their products, of the local community and finally of the country as a
whole.”

-- J.R.D. Tata Chairman, Tata Sons (1938 – 1991)

The five core values

INTEGRITY

Will be fair, honest, transparent and ethical in their conduct; everything done must stand the test of
public scrutiny.

RESPONSIBILITY

Will integrate environmental and social principles in businesses, ensuring that what comes from the
people goes back to the people many times over.

EXCELLENCE

Will be passionate about achieving the highest standards of quality, always promoting meritocracy
PIONEERING

Will be bold and agile, courageously taking on challenges, using deep customer insight to develop
innovative solutions.

UNITY

Will invest in our people and partners, enable continuous learning, and build caring and collaborative
relationships based on trust and mutual respect
Some of the Core Principles cited in their official Code of Conduct:

1. We shall respect the human rights and dignity of all our stakeholders.
2. We shall not engage in any restrictive or unfair trade practices.
3. The statements that we make to our stakeholders shall be truthful and made in good
faith.
4. When recruiting, developing and promoting our employees, our decisions will be based
solely on performance, merit, competence and potential.
5. We shall not compromise safety in the pursuit of commercial advantage. We shall strive
to provide a safe, healthy and clean working environment for our employees and all
those who work with us.
 Thank You
Presented By: Group G6

1. Deep Sagar - 348

2. Apurva Dongare - 349
3. Apoorv Ganavdiya - 350
4. Nisha Gangorey - 359
5. Dishanshu Jagtap - 369
6. Ashish Pandey - 373
7. Bhumika Sengar - 387
8. Ritika Sagar - 395