08-11-2012, 05:47 PM
Ethical issues and Stakeholders
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Positive responsibilities
Improve the standard of living – Tata Steel, Birla mandir
Generously compensate the dislocated people – Salem group investment in Bengal
Charitable donations – Tsunami, Earth quake
Help the local community – Coke and Atlanta Olympics
Negative responsibility
Don’t employ child labor – Sivakasi fire crackers factories
Don’t bribe – JRD Tata, Murugappa group, Eicher group
Don’t exploit animals
– But what about Clinical research?
Don’t spoil communal harmony and social integration
Don’t exploit resources – Coke in Kerala
Coke – Plachimada in Palakkad Dt, Kerala
One of the largest among the 68 plants in India, Rs 80 crore investments,
900 bottles/min, 450 employees
Was Consuming 8 lakh ltrs of water every day- ground water
Closed in March 2004
Environmental Pollution
Regular wastage discharges
Chemical Industries,
Paper industry- Directly results in deforestation – Uses Chlorine to bleach the paper
Accidental pollutions
Hazardous leak – Leakage of mercury from HLL’s thermo meter plant in Kodaikanal
Protecting Environment has economic sense also
Tata Steel – 3000 litres of oil and grease wastage everyday. Rs 2 per litre . In 2003- invested Rs7 lakh to inject waste oil into the furnaces. Every kilo of oil can replace 1.5 kg of coke which cost around Rs 10/kg
Jubilant Orgn, Carbon dioxide wate to Soft drinks firms
Responsibility towards employees
Adopt fair policies in the following issues
Hiring policies
Remuneration
Promotion policies
Work place environment
Retrenchment
Hiring policies
How do you select the employees?
Giving preferences to local community
Reservations – is it ethical – it is against equal opportunity
Discrimination – Referrals, Gender and age, Credentials
Employees’ responsibility towards organization
Drug and alcohol abuse,
Fiddling of expense accounts – Intel India fired 250 employees in September 2005
Wasting office hours – Sleeping at work – Bharat Forge Ltd – Sacked an employee in 1984- He challenged it in court –Supreme Court dismissed his plea in Jan 2005
Using abusive language and showing disrespect – Karnataka College – Lecturer abused the Principal and was sacked- Supreme Court upheld the decision – December 2005