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SHOULD EVERY
LISTED COMPANY
HAVE AN ETHICS
OFFICER?
ANAND G
DEVANAND H
JAYANANDHA BHARATHI
KIRTHIKA C
MILTON RAJA SELVAM E
LISTED COMPANY
• For a company to be listed it should adhere
to rules and regulations framed under
foregoing statutes
• Li...
GSK SCANDAL
• GSK was fined $500 Million for bribing
hospitals in China.
• Company can show that it has a robust
corporate...
ROLE OF ETHICS OFFICERS
• Integrating a company's business
objectives, Culture and compliance
initiatives.
• Report on a w...
• Help employees at all levels of the
organization to make correct decisions in
difficult situations
• Can be helpful to s...
QUALITIES OF AN ETHICS OFFICER
• Passion for the role and commitment to the
culture
• Strategic vision and a holistic appr...
QUALITIES OF AN ETHICS OFFICER
• Avoid the head office plague
• Understand risk
• Tone at the top
• Walking the talk
• Exc...
REASONS TO RECRUIT AN ETHICS
OFFICER• For integrating business objectives,
culture and compliance initiatives on a
wide ra...
UNETHICAL PRACTICES
• TOYOTA (2010-safety concerns,$124 million,
man hours-50,000)
• Halliburton (business practices with
...
CONCLUSION
• Many companies have embraced the importance of
ethics as an important function.
• A company’s managers play a...
CONCLUSION
• The ethical culture has to extend through
every layer of a company, including the
behaviour of sales personne...
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Should every listed company have an ethics officer?

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The role of an ethics officer has been explained along with the qualities needed and some of the scams in major listed companies has been given

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Should every listed company have an ethics officer?

  1. 1. SHOULD EVERY LISTED COMPANY HAVE AN ETHICS OFFICER? ANAND G DEVANAND H JAYANANDHA BHARATHI KIRTHIKA C MILTON RAJA SELVAM E
  2. 2. LISTED COMPANY • For a company to be listed it should adhere to rules and regulations framed under foregoing statutes • Listed companies drive the stock exchange • Any unethical practices if identified in listed companies affect the performance of that company (Ex: Volkswagen defeat device)
  3. 3. GSK SCANDAL • GSK was fined $500 Million for bribing hospitals in China. • Company can show that it has a robust corporate compliance policy, a CEO who preaches about the importance of clean practices in places like China and high- level executives and board members who even travel to hot spots to check on compliance efforts, it’s less likely that employees
  4. 4. ROLE OF ETHICS OFFICERS • Integrating a company's business objectives, Culture and compliance initiatives. • Report on a wide range of regulatory and ethical matters. • They can make sure business practices match company vision. • Sharpen and articulate corporate values
  5. 5. • Help employees at all levels of the organization to make correct decisions in difficult situations • Can be helpful to some who may not have had ethics education or at previous employers. • Example: This is especially true for IT security personnel because of their access to sensitive information as well as the responsibility to protect it. ROLE OF ETHICS OFFICERS
  6. 6. QUALITIES OF AN ETHICS OFFICER • Passion for the role and commitment to the culture • Strategic vision and a holistic approach • Business partnering • A keen eye for cost • Continuous improvement and stellar organization
  7. 7. QUALITIES OF AN ETHICS OFFICER • Avoid the head office plague • Understand risk • Tone at the top • Walking the talk • Excellent marketing skills
  8. 8. REASONS TO RECRUIT AN ETHICS OFFICER• For integrating business objectives, culture and compliance initiatives on a wide range of regulatory and ethical matters Factors that we need to recruit ethics officer • To improve the company's reputation and public perception
  9. 9. UNETHICAL PRACTICES • TOYOTA (2010-safety concerns,$124 million, man hours-50,000) • Halliburton (business practices with countries that are prohibited for trade by US) • Wal-Mart's business practices (predatory pricing) • Chevron (dumping billions of gallons of
  10. 10. CONCLUSION • Many companies have embraced the importance of ethics as an important function. • A company’s managers play an important role in establishing its ethical tone. • Ethics officers are responsible for setting standards for what is and is not acceptable employee behaviour. • The rise of Ethics Officers, whether combined with compliance or not, is the most
  11. 11. CONCLUSION • The ethical culture has to extend through every layer of a company, including the behaviour of sales personnel who are on the frontlines of every business. • An Ethics Officer has an important function in every company – they have to ask the question of whether a company “should” act in a certain way, as opposed to whether the company “can” act in a certain way.

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