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Business Ethics Code662A (1)

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   Business Ethics Code: 662A General Instructions:  The Student should submit this assignment in the handwritten form (not in the typed format)  The Student should submit this assignment within the time specified by the exam dept  The student should only use the Rule sheet papers for answering the questions.  The student should attach this assignment paper with the answered papers.  Failure to comply   with the above Four instructions would lead to reection of assignment.   Specific Instructions:  There are four !uestions in this assignment. The student should answer all the four questions. ar#s allotted $%%.  &ach !uestion carries equal mar#s (' mar#s) unless specified explicitly. Question No 1: Read the case carefully and answer the questions *hief entor +.R. +arayana urthy is as well #nown as a promoter of corporate governance reform and excellent corporate wor#place ethical practices, as he is as the co-founder of nfosys Technologies /td., the ysore-based company that is one of ndia0s new technology leaders. urthy, who turned 1%, is relinquishing #ey executive  positions in the company he co-founded in $23' to become the enterprise0s *hief entor. uch li#e 4ill 5ates at icrosoft, urthy has pioneered a technology revolution and as his corporation has become firmly established and very successful, so he has distanced himself from day-to-day operations.nfosys, which employs over 3,%%% people worldwide, provides consulting and T services. t is one of the pioneers in strategic offshore outsourcing of software services. urthy is a fervent believer in globali6ation, a maor influence on the thin#ing of author Tom Friedman (The 7orld s Flat 8 4rief 9istory of the Twenty-first *entury) and a leader of ndia0s technology revolution. 9is approach to corporate governance and wor#place values has been no less influential on the most dynamic and successful technology companies in ndia. nfosys highlights its  perspectives at www.infosys.com.:n ;uly <$, '%%1, urthy opened the +8S=8! mar#et from his corporate headquarters in ysore. 9e said, >Twenty-five years ago, we founded nfosys with a vision of the global delivery model. That vision has been validated as the tide of globali6ation has swept across the world and businesses are dramatically changing how they run their organi6ations. :pening the +8S=8! mar#et from ndia is not only a great honor for nfosys, but also illustrative of the emerging new world.?The *ompany0s @ision is >To be a globally respected corporation that provides best-of breed business solutions, leveraging technology, delivered by  best-in-class people.? 8nd, its ission is >To achieve our obectives in an environment of fairness, honesty, and courtesy towards our clients, employees, vendors and society at large.?nfosys has built a state of the art office complex in 4angalore with all modern facilities which helps in giving its employees a sense of belonging. 7hile offering stoc# options to its employees, it ensures that the wor#force has a sta#e in its overall growth. 8ctions spea# louder than words and leaders must spea# in a way that inspires integrity and a vision for the company.  *orporate 5overnance is an area of critical importance to nfosys and one where it has sought to be a global leader. t is see#ing to use its model example to promote far higher standards in ndia and urthy has been one of the most vocal and influential advocates of corporate governance reform in his country.The company states >7e believe that sound corporate governance is critical to enhance and retain investor trust. 8ccordingly, we always see# to ensure that we attain our performance rules with integrity. :ur 4oard exercises its fiduciary responsibilities in the widest sense of the term. :ur disclosures always see# to attain the best practices in international corporate governance. 7e also endeavor to enhance long-term shareholder value and respect minority rights in all our business decisions.?The nfosys corporate governance philosophy is based on the following principlesA Satisfy the spirit of the law and not ust the letter of the law.A *orporate governance standards should go beyond the law.A 4e transparent and maintain a high degree of disclosure levels. 7hen in doubt, disclose.A a#e a clear distinction between personal conveniences and corporate resources.A *ommunicate externally, in a truthful manner, about how the company is run internally.A *omply with the laws in all the countries in which the company operates.A 9ave a simple and transparent corporate structure driven solely by business needs.A anagement is the trustee of the shareholders0 capital and not the owner.nfosys stresses that at the core of its corporate governance practice is the 4oard, which oversees how the management serves and protects the long-term interests of all the sta#eholders of the company. t states >7e  believe that an active, well-informed and independent 4oard is necessary to ensure the highest standards of corporate governance. aority of the 4oard, 2 out of $1, are independent members. Further, nfosys has compensation, nomination, investor grievance and audit committees, which are comprised of independent directors.?>8s a part of our commitment to follow global best practices, we comply with the &uro shareholders *orporate 5overnance 5uidelines '%%%, and the recommendations of the *onference 4oard *ommission on Bublic Trusts and Brivate &nterprises in the C.S. 7e also adhere to the C+ 5lobal *ompact Brogramme.? To promote corporate social responsibility the company established a philanthropic foundation in $221, which is mostly engaged in social, health and education programs in ndia. urthy is the chairman of the governing body of the ndian nstitute of nformation Technology, 4angalore and the ndian nstitute of anagement, 8hmadabad. 9e was the *hairman of the *ommittee on *orporate 5overnance appointed by the Securities and &xchange 4oard of ndia (S&4) in '%%<. 9e is a member of the 4oard of :verseers of the Cniversity of Bennsylvania0s 7harton SchoolD *ornell Cniversity 4oard of TrusteesD Singapore anagement Cniversity 4oard of TrusteesD +S&8=0s 4oard of =irectors and the 8sian nstitute of anagement0s 4oard of 5overnors. 9e is also a member of the 8dvisory 4oards and *ouncils of the 7illiam F. 8chtmeyer *enter for 5lobal /eadership at the Tuc# School of 4usiness, the *orporate 5overnance initiative at the 9arvard 4usiness School, and the Eale Cniversity Bresident0s *ouncil on nternational nfosys Foundation, the philanthropic arm of nfosys Technologies /td., came into existence on th =ecember $221 with the obective of fulfilling the social responsibility of the company by supporting and encouraging the underprivileged sections of society. n a short span of time, the Foundation has implemented numerous proects in its chosen areas. The Foundation has underta#en various initiatives in providing medical facilities to remote rural areas, organi6ing novel pension schemes and in aiding orphans and street children. t has underta#en a large rural education program titled >8 library for every  school? under which %% libraries have been set up in government schools spread across many villages. :ther activities include the reconstruction of old school buildings, setting up of rural Science *enters and schemes to  provide support to dying traditional art and culture forms. Answer the following questions a):n ;uly <$, '%%1, urthy said that nfosys was started with a vision of global delivery. 8naly6e nfosys vision statement in terms of ethical issues involved while developing the vision statementG  b) nfosys has maority of the board structure and compensation, nomination, investor grievance and audit committees, which are comprised of independent directors. =iscuss. 8lso discuss the other corporate governance initiatives ta#en by nfosys where it sought to be a global leader  Question No 2: a) =escribe congnitivism and non-congnitivism ethical theories b)7hat is ethical investmentGc) 4ring out a few ethically challenging areas of financed)9ow religion and ethics are relatedGe)7hat is moralityG Question No 3: a)7hat is distributive usticeG b)7rite a note on entitlement theory.c)7hat are corporate crimesG 7hat are their effects on societyGd)7hat is whistle blowingGe)State the unethical practices in Software *ompanyG Question No 4: a)7hat is the psychological egoismG b)7hat do you mean by classical utilitarianismG &xplain its principlesc) &xplain the benefits of good corporate governanced) 7hat are the salient aspects of corporate environmental responsibilityGe)7hat are attitudesG
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