Infosys and the Tata enterprises are the living examples for highest level of ethical conduct and no compromise approach to integrity in the pursuit of corporate excellence.
Infosys:
Infosys one of the pioneers in the Information technology industry in India, is a corporation which always stood for ethical and responsible approach to business.
It has been consistently viewed as the most transparent and ethical organization by the customers, employees, society and the investor community. Infosys's founder and Chairman Emeritus, N.R.Narayanamurthy, has always been a great follower and advocate of ethics in business.
Infosys's top management always championed the case of ethics in each and every one of its actions and messages, both within the company and outside as well.
“Professionalism and ethics are becoming more and more relevant in our quest to become better professionals, in our quest to make this country a better place and this world a better place. And that exactly is the background that we have set out with,” Narayana Murthy.
Narayanamurthy, through his simplicity, approach to business, honesty, integrity and professional excellence proved to the world that, ethical conduct, transparency and business acumen are not at variance with each other and are indeed interrelated.
He along with his co-founders of Infosys, created perhaps the world's most ethical organization in the world with an incredible ascent on transparency, responsible behaviour and ethical conduct. This has created an organization with a distinctive value system and culture focused on integrity, transparency and responsible approach while pursuing excellence.
While a number of organizations today are engaged in window dressing their accounts and also are trying to communicate a performance far better than the actuals, with a view to inflating their valuation, Infosys always followed the policy of naked transparency in front of the investing community, through their ' When in doubt, disclose' approach.
In addition to complying to the laws of the land where ever it operates, Infosys ensures transparency and accountability through the adoption of a Code of Conduct and Ethics and a Whistle-blower policy. Infosys ensures that every one of the employees is thoroughly oriented with the code of ethical conduct, by incorporating orientation modules on the same in the employee induction programs and also regularly updates all the employees worldwide, through online and offline training & awaremenrss programmes through the 'Do you know your ethics' series of events.
Through the internal TV channel Infy TV, Sparsh the corporate intranet, direct lectures and training programmes, the CEO & leaders at Infosys regularly talk to their employees about the importance of ethical conduct. An uncompromising stand on ethics is followed by strict actions are taken against the transgressors of the code of conduct, though they are few and far between.
Infosys has been consistently rated at the highest level of CGR ( Corporate Governance Rating) by all the rating organizations and agencies.
No wonder, Infosys has been consistently enjoying not only financial success but also a very high price-equity ratio that gives it an excellent valuation on the stock markets and a blue chip status.
Tatas under the leadership of Ratan Tata have grown to be the largest corporate group operating out of India with a global presence.With an annual turnover of over US$80 Billion, dominating presence across the world in a number of businesses and millions of employees, Tata Group is an epitome of success. Ratan Tata's uncompromising approach to bend to the whims and fancies of those in power and compromise on ethical business conduct may have won him a number of enemies. But, this is what has earned him and his group an amazing respect across the globe as Tatas spread their footprint in to the developed markets through strategic acquisitions of world leaders like Corus Steel, JLR etc. The high valuation of the Tata Group companies and the willingness of the financial firms to lend money to the group without any limitations, has its roots in the respectability Tatas earned through their ethical conduct.
Ratan Tata and Narayana Murthy have established benchmark for ethical conduct and also proved unequivocally that long term business success and ethical behaviour are intertwined and inseparable.
No comments:
Post a Comment