Business Ethics and Corporate Governance Assignment

Business Ethics and Corporate Governance Assignment Words: 1452

BUSINESS ETHICS AND CORPORATE GOVERNANCE ASSIGNMENT I. CSR practices by Maruti Suzuki & Maytas Infra ltd. A) CSR by Maruti Suzuki India Ltd. Employee welfare Company will be deeply committed towards the welfare of its employees, their families and communities around its operations to improve quality of life as a whole. Practicing 3R (Reduce, Reuse and Recycle) The company has been promoting 3R since its inception. As a result the company has not only been able to recycle 100% of treated waste water but also reduced fresh water consumption.

The company has implemented rain water harvesting to recharge the aquifers. Also, recyclable packing for bought out components is being actively promoted. Greening of Supply Chain The company has been facilitating implementation of Environment Management System (EMS) at its suppliers’ end. Regular training programs are conducted for all the suppliers on EMS. Surveys are conducted to assess the vendors who need more guidance. The systems and the environmental performance of suppliers are audited. Adopting energy saving technologies

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While the company continuous to improve energy saving initiatives through numerous Kaizens (continuous improvements) on the shop floor, thrust on adopting energy saving technologies has increased phenomenally. Three-coat-one-bake painting system: The Company introduced the three-coat one-bake system at its Manesar facilities. In this state of the art painting system, three wet-on-wet coats are applied and baked together. Conventional painting systems use two baking steps before the final finish. This helps is lower energy consumption and yet improving the productivity levels.

The green co-efficient of this system is much better than the conventional system. Road Safety The company has been playing a leading role for many years now in promoting road safety and safe driving in the country. The company believes that in addition to fund support, one of the best ways for corporate to fulfil their social responsibility is by offering their managerial skills to society. In line with this, the company manages two Institutes of Driving Training ; Research (IDTR) in Delhi and Maruti Driving Schools across country.

Through these facilities, the company has brought international standards in driving training and state of the art training infrastructure in the country. The first major step towards promoting road safety was in the year 2000 when Delhi Government invited the company to manage the Institute of Driving Training and Research (IDTR) and start driving training courses. The company introduced training facilities and infrastructure including world-class driving test tracks, advanced computer simulators and training modules as per international standards at the institute, which is spread over an area of 14. acres. Regular research in road safety and safe driving was also started at the institute. In 2006, the second IDTR was set up to promote road safety by primarily targeting non-commercial drivers and impart driving training to them. This institute is also equipped with the same facilities and infrastructure as made available in the first IDTR. Maruti Driving Schools The company has also involved its dealers across the country in promoting road safety and safe driving. In collaboration with them, the company has set up 43 Maruti Driving Schools in 38 different locations across the country.

These schools are equipped with world class, state of the art driving simulators offer training courses for beginners as well as refresher programs. Over 41,500 people have trained so far. Company will be deeply committed towards the welfare of its employees, their families and communities around its operations to improve quality of life as a whole. B) CSR by Maytas Infra Ltd. The growth and development of people is the highest calling of leadership. A mirror image of this is reflected in our Promoters’ initiatives. Byrraju Foundation

One of the foremost not-for-profit organizations in the country, Byrraju Foundation is committed to transforming the quality of life of the rural underprivileged. The Foundation seeks to build progressive and self-reliant rural communities, adopting a holistic approach. The aim is to transform people’s lives by extending them basic services like Healthcare, Sanitation, safe drinking water, Primary Education, Adult Literacy and training in Livelihood skills for both men and women. The use of technology and constant innovation are our chief differentiators.

Our processes innovatively combine global best practices, effective management systems and state-of-the-art technology. The Foundation is currently working in 199 villages across six districts of Andhra Pradesh, India, impacting 3 million rural lives. Emergency Management ; Research Institute Emergency Management and Research Institute (EMRI) is one among the global leaders in Emergency services dedicated to saving lives with a single objective: providing an organized, integrated, accessible ‘108 Emergency Response Service’ to an individual in need of emergency, be it medical, olice or fire in a timely manner. Pioneering the emergency services in Public-Private-Partnership mode, EMRI is the only organized, professional emergency service provider in the country today. Having launched the 108 Emergency Response Service on August 15, 2005 in Hyderabad, EMRI presently provides services in Andhra Pradesh, Gujarat and Uttarakhand with over 917 ambulances, 7,099 people and is saving 130+ lives a day. In a Public-Private-Partnership mode, EMRI plans to extend the 108 Emergency Response Service throughout India by 2010 and save a million lives per annum.

EMRI has also signed up with the Governments of Madhya Pradesh, Tamil Nadu, Rajasthan, Goa, Karnataka and Assam to launch the 108 Emergency Response Service in these states. II. Formulated CSR Ratings: Minimum necessary criteria: Necessary| Explanation| Rating Level| If undertaking any activity towards the welfare of its employees including improvement in work environment| If the company has undertaken any welfare measures for its employees and their families and also implemented various green methods or brought improvement in processes and products of the company. Level 1| Activities towards social community| If the company has done considerable work for the society and welfare of the people not directly related to it, i. e. healthcare, educational facility and work done for the upbringing of the poverty class. | Level 2| If undertaking any activity towards the welfare of environment| If the company is environment friendly in nature, produces products that are eco- friendly and does considerable work in protecting the environment and biodiversity. | Level 3| If undertaking any activity towards natural calamities| If the company has done something in the form of donation to charity etc. or the welfare of the people struck by natural calamity, terrorist attack or any emergency | Level 4| If undertaking any activity towards reducing depletion of natural resources and innovation of new ideas | If the company has done any noticeable work in protecting depleting natural resources like water-harvesting, deforestation etc or has come up with any new innovative idea to protect it or for the welfare of the society. | Level 5| Sufficient criteria for minimum rating: Sufficient criteria| Explanation| Rating level| Company fulfilling the basic needs of society through its products or services e. . manufacture of food| The products and services of the company are useful and benefit society| Level 1| Activity towards its employees| If the company is doing any activities for the welfare of its employees and their families| Level 1| Company reducing negative impact of others e. g. A company that makes water purification ; waste recycling systems| The company’s products or services provide solutions to mitigate harm caused by actions of companies, their products, etc| Level 1| Activity towards reducing the negative impacts (if any) of its products. If the company is doing any significant work to reduce the negative impact (if any) of its product. | Level 1| Spending on its turnover on sales| 0. 2% of its total turnover on CSR activity. | Level 2| Negative criteria: Negative criteria| Reasons| Rating level| Product not required for society| Companies that make liquor , tobacco that are not good for public health| Level 0| Companies destroying natural biodiversity| Companies that directly or indirectly hamper the bio diversity and whose products are harmful to the environment| Level 1| III. Analysis & Findings:

A) Maruti Suzuki India Ltd. : Karmayog Rating: 3/5 My Rating: 5/5 Justification: According to my criteria Maruti Suzuki India Ltd. practices all the activities required to reach level 5. It involves itself in employee welfare, community welfare like health care, greening of supply chain and road safety. The company has also done remarkable work in adopting energy saving technologies by introducing the three-coat one-bake system at its Manesar facilities which brings it upto level 5. On the other hand according to Karmayog rating criteria 2009 the company has fulfilled only till level 3 i. . activity towards local communities. B) Maytas Infra Ltd. : Karmayog Rating: 2/5 My Rating: 2/5 Justification: According to both the rating for this company is 2/5 which shows that Maytas Infra Ltd. involves itself in activities towards social welfare. It is committed to transforming the quality of life of the rural underprivileged by extending them basic services like Healthcare, Sanitation, safe drinking water, Primary Education, Adult Literacy and training in Livelihood skills for both men and women. *********

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Business Ethics and Corporate Governance Assignment. (2020, Oct 14). Retrieved October 28, 2020, from https://anyassignment.com/samples/business-ethics-and-corporate-governance-6476/