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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:
- 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.
- 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.
Top of Form
- 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.
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