Cod tata group

code of conduct

1. Ethical Code of Conduct Submitted To Dr. Vipul Jain Submitted By Anmol Chawla MBA-”A” Roll no. 15 Tata Group

2. Business Ethics Ethics - differentiate between what is right and what is wrong. Business – economic activity which produces goods and services. Thus business ethics is the ethics which are to be followed while doing business. What values are to individual, ethics is to business.

3. Ethical Code of Conduct An ethical code of conduct is a statement which describes the norms and beliefs of an organisation . It assist the members in understanding the difference between ‘right’ and ‘wrong’ and in applying that understanding to their decisions. This statement is generally proposed, discussed and defined by senior executives in the firms and then published and distributed to all the stakeholders.

4. Tata Group Profile Incorporated in 1868 by Jamsetji Tata Headquarters in Mumbai, Maharashtra. Chairman - Natarajan Chandrasekaran 29 publicly listed companies . Tata Steel Tata Motors Tata Consultancy Tata Power Tata Chemical Titan

5. Code of Conduct of TATA The TATA code of conduct represents the values and core principles that guide the conduct of every Tata business. For them the code is a living document. In keeping with global best practices and regulatory changes in key market, they undergo various changes year by year. The code represents the individual and mutual commitment to discharge responsibilities through the most sustainable and ethical means and the shared determination to reinforce the Tata reputation of leadership with trust

6. Five core values of Tata These universal values serve as the foundation for the Tata Code of Conduct Core Values unity excellence Pioneering Responsibility Integrity

7. Scope of this Code Employee Customers Environment Value change partner Financial stake holder Government Group companies

8. Employees Equal Opportunities Equal opportunities to all employees No unfair discrimination on any ground, Recruiting based solely on performance, merit, competence and potential. Fair, transparent and clear employee policies These policies shall provide for clear terms of employment, training, development and performance management. Dignity and Respect Creating a conducive work environment built on tolerance, understanding, mutual cooperation and respect for individual privacy.

9. Everyone treated with dignity and respect. Do not tolerate any form of harassment. Clear and fair disciplinary procedures. Employees right to privacy. Human rights Do not employ children at workplaces. Do not use forced labour in any form. Bribery and corruption Employees shall not offer or receive any illegal benefits.

10. Integrity of information and assets Employees shall not make any wilful omissions or material misrepresentation. Employees and directors shall seek proper authorisation prior to disclosing company related information. Employees shall ensure the integrity of personal data or information provided by them to company. Employees shall respect and protect all confidential information and intellectual property of the company and third party.

11. Conflicts of interest Close personal relationships should not create a conflict of interest with the roles and duties of employees. In case of actual or potential conflicts of interest, the concerned person must immediately report. Adequate and full disclosure of historical conflict by interested employees shall be made to company’s management. In case of failure to disclose, the management shall take a serious view of the matter and consider suitable disciplinary action as per the terms of employment.

12. Customers Products and services Supplying products and services of world-class quality. The products and services shall comply with applicable laws. No unfair or misleading statements about the products and services of our competitors. Export controls and trade sanctions Comply with all relevant export controls or trade sanctions.

13. Fair competition Liberalisation of trade and investment in each country and market. No activity constituting anti-competitive behaviour . Collect competitive information through legally permitted sources and means. Dealings with customers Dealings with customers shall be professional, fair and transparent. Safeguard customers’ personal data.

14. Our Communities and Environment Communities 1. Actively assist in the improvement of the quality of life of the people in the communities. 2. Encourage workforce to volunteer on projects that benefit the communities. The Environment Environmental sustainability. Prevent the wasteful use of natural resources.

15. Value Chain Partners Selection of suppliers and service providers fairly and transparently. 2. Suppliers and service providers should adopt ethical standards comparable to company. 3. Suppliers and service providers are expected to abide by the Code in their interactions with, and on behalf of company. 4. Any gifts or hospitality received from, or given to, suppliers or service providers comply with company’s gifts and hospitality policy.

16. Financial Stakeholders Enhance shareholder value and comply with laws and regulations that govern shareholder rights. Inform financial stakeholders about relevant aspects of business in a fair, accurate and timely manner and shall disclose such information in accordance with applicable law and agreements. Accurate records of activities and shall adhere to disclosure standards in accordance with applicable law and industry standards.

17. Government Political non-alignment 1. Do not support any specific political party or candidate for political office. No mutual dependence/ favour with any political body or person. Government engagement 2. Engage with the government and regulators in a constructive manner in order to promote good governance. 3. Do not impede, obstruct or improperly influence the conclusions of, or affect the integrity or availability of data or documents for any government review or investigation.

18. Group Companies Cooperation with group companies by sharing knowledge, physical resources, human and management resources. Dispute resolution mechanism so that it does not adversely affect business interests and stakeholder value. Ensure that no third party or joint venture uses the TATA name/brand to further its interests without proper authorisation .

19. Changes in TCOC Employees: Contemporary and relevant to younger workforce. Value Chain Partners: Obligatory for vendors and suppliers to comply with Tata code. Group companies: Creating web based tools to improve the communication of code.