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NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Business: Ethics, Governance & Risk
Internal Assignment Applicable
for June 2024 Examination
Assignment Marks: 30
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) (10 Marks)
Answer: Executive Summary:
Company: Tata Consultancy Services (TCS)
Link to BRSR: TCS Business Responsibility
& Sustainability Report - 2022-23
Tata Consultancy Services (TCS), a leading
global IT services and consulting company, demonstrates a strong commitment to
Principle 2 of the National Guidelines on Responsible Business Conduct (NGRBC),
which emphasizes the provision of goods and services in a sustainable and safe
manner. In its Business Responsibility & Sustainability Report (BRSR) for
the fiscal year 2022-23, TCS highlights several initiatives and practices that
exemplify its adherence to this principle.
- Sustainability in Operations:
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)
Answer: Corporate Governance Philosophy of Tata
Consultancy Services (TCS):
TCS places a strong emphasis on corporate
governance principles that prioritize transparency, accountability, integrity,
and ethical conduct. The company's corporate governance framework is designed
to ensure effective oversight, risk management, and value creation for all
stakeholders. TCS's governance philosophy aligns with global best practices and
regulatory requirements, aiming to uphold the highest standards of corporate
governance excellence.
TCS Annual Report 2022-23: TCS Annual
Report 2022-23
Board Member Profiles Analysis:
- Natarajan Chandrasekaran (Chairman):
- Executive
- As the Chairman of TCS, Chandrasekaran brings extensive
leadership experience and industry expertise to the board. He has a
strong track record of strategic vision and execution, having previously
served in various leadership roles within the Tata Group.
- Chandrasekaran is involved in key committees, such as the
Nomination and Remuneration Committee, where he plays a crucial role in
talent management and executive compensation decisions.
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. a. What according to you is/are the
ethical dilemma/s in this situation? (5 Marks)
- Answer:
Conflict of Interest: The purchase manager's request for a donation to his favorite charity, which is managed and supported by his wife, creates a conflict of interest. By agreeing to make the donation, the sales manager may feel pressured to comply with the request in order to secure the business deal. However, this could compromise the integrity of the transaction and raise questions about fairness and impartiality in the decision-making process. - Bribery and Corruption: The purchase manager's request
for a donation in exchange for a business order raises concerns about
bribery and corruption. While the donation may be framed as a charitable
contribution, it effectively serves as a form of bribery to influence the
decision-making process. This could violate ethical standards and legal
regulations related to bribery and corruption in business transactions.
b.
Explain the step wise process of how will you handle this situation? (5 Marks)
Answer: Handling this situation ethically requires
careful consideration and adherence to ethical principles. Here's a
step-by-step process to address the ethical dilemma:
- Assess the Situation: Start by thoroughly
understanding the situation, including the request made by the purchase
manager and the implications of agreeing to the donation. Evaluate the
potential ethical dilemmas, risks, and consequences associated with the
decision.
- Consult Company Policies and Ethical Guidelines:
Review the company's policies, code of conduct, and ethical guidelines to
determine if there are any specific protocols or prohibitions related to
charitable donations, conflicts of interest, or bribery. Consider how the
company's values and principles apply to the situation.
Dear students, get fully solved assignments by professionals
Do send your query at :
or call us at : 08263069601
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assignments available with 100% surety and refund)
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