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8/14/2019 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.