BUSINESS ETHICS |

TATA

INTRODUCTION

ing all
aspects
of
busines
s and
dealing
with all
stakeho
lders in
an
ethical
manner

Business Ethics @ TATA

The
largest
private
corpora
te
group
in
India.
114
compan
ies in 7
busines
s
sectors

TATA

Business Ethics

Conduct

Professional Practice| AP-7| 2007-11| NIFT-B

WHY TATA..?
Indias
largest
business
house
Indias
largest
investor
in CSR

Indias
most
employe
e
friendly
company

Business Ethics @ TATA

Indias
oldest
business
house

TAT
A
Indias
largest
private
employer
Indias
first
Glocal
company
Professional Practice| AP-7| 2007-11| NIFT-B

TATA
Type

Private

Industry

Conglomerate

Founded

1868

Founder
Headquart
ers
Area
served
Key people
Business Ethics @ TATA

Jamshetji Tata
Mumbai,India
Worldwide
Ratan Tata

Professional Practice| AP-7| 2007-11| NIFT-B

TATA
Product
s

Revenu
e

US$67.4

Total
assets

billion(2009-10)

US$ 52.8 billion(2009-10)

Employe
es
Business Ethics @ TATA

Automobiles, Steel
Telecommunications
Software, Retail
Hotels, Consumer goods etc.

396,517(2009-10)

Professional Practice| AP-7| 2007-11| NIFT-B

TATAS BUSINESS ETHICS

PRINCIPLES
National interest
Committed to benefit the economic development of the
countries in which it operates.

Financial reporting and records

Prepare and maintain its accounts fairly and accurately
and in accordance with the accounting and financial of
the country

Competition

Fully support the development and operation of

competitive open markets

Equal opportunities employer

Provide equal opportunities to all its employees and all
qualified applicants for employment
Business Ethics @ TATA

Professional Practice| AP-7| 2007-11| NIFT-B

TATAS BUSINESS ETHICS

PRINCIPLES
Gifts and donations
Its employees shall neither receive nor offer or
make, directly or indirectly, any illegal payments,
remuneration, gifts, donations or comparable
benefits

Government agencies

A Tata company and its employees shall not, unless

mandated under applicable laws, offer or give any
company funds or property as donation to any
government agency or its representative

Political non-alignment
Be committed to and support the constitution and
governance systems of the country in which it
operates.
Business Ethics @ TATA

Professional Practice| AP-7| 2007-11| NIFT-B

TATAS BUSINESS ETHICS

PRINCIPLES
Health, safety and environment
A Tata company shall strive to provide a safe, healthy, clean and
ergonomic working environment for its people

Quality of products and services

Be committed to supply goods and services of world class quality
standards, backed by after-sales services consistent with the
requirements of its customers

Corporate citizenship

Committed to good corporate citizenship, not only in the

compliance of all relevant laws and regulations but also by
actively assisting in the improvement of quality of life of the
people in the communities in which it operates

Cooperation of Tata companies

Cooperate with other Tata companies including applicable joint

ventures, by sharing knowledge and physical, human and
management resources
Business Ethics @ TATA

Professional Practice| AP-7| 2007-11| NIFT-B

TATAS BUSINESS ETHICS

PRINCIPLES
Public representation of the company and
the group
Honour the information requirements of the public and its
stakeholders

Third party representation

Parties which have business dealings with the Tata group but
are not members of the group, such as consultants, agents,
sales representatives, distributors, channel partners,
contractors and suppliers, shall not be authorised to
represent a Tata company without the written permission

Use of the Tata brand

The use of the Tata name and trademark shall be governed

by manuals, codes and agreements to be issued by Tata Sons

Group policies
A Tata company shall be committed to enhancing shareholder
value and complying with all regulations and laws that govern
shareholder rights.
Business Ethics @ TATA

Professional Practice| AP-7| 2007-11| NIFT-B

TATAS BUSINESS ETHICS

PRINCIPLES
Ethical conduct
Every employee of a Tata company shall preserve the human
rights of every individual and the community, and shall strive
to honour commitments.

Regulatory compliance

Employees of a Tata company, in their business conduct, shall

comply with all applicable laws and regulations, in letter and
spirit

Concurrent employment

Consistent with applicable laws, an employee of a Tata

company shall not, without the requisite, officially written
approval of the company, accept employment or a position of
responsibility with any other company

Conflict of interest

Employees act in the interest of the company, and ensure

that any business or personal association which he / she may
have does not involve a conflict of interest with the
operations of the company
Business Ethics @ TATA

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TATAS BUSINESS ETHICS

PRINCIPLES
Securities transactions and confidential
information

An employee of a Tata company and his / her immediate

family shall not derive any benefit or counsel, or assist
others to derive any benefit, from access to and
possession of information about the company

Protecting company assets

The assets of a Tata company shall not be misused

Citizenship
The involvement of a Tata employee in civic or public
affairs shall be with express approval from the chief
executive of his / her company

Integrity of data furnished

Every employee of a Tata company shall ensure, at all

times, the integrity of data or information furnished by
him/her to the company.
Business Ethics @ TATA

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CONCLUSION
Business Ethics cultivate strong teamwork and
productivity.
It supports employees growth.
It helps to ensure policies are legal.
It promotes strong public image.
It improves trust and relationships.
It cultivates a greater sensitivity towards the impact of
the enterprises values and messages.
Business Ethics @ TATA

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Being good is good business.

THANK YOU!