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Business Ethics, Governance & Risk
April 2023 Examination
Q1. Locate the Business Responsibility Report
(under Directors Report) of the Annual Report (2020-21) of any ONE listed
company (refer to: top 200 companies by revenue –
NSE or BSE List). Go through the disclosures
on the following 3 Principles;
a) Principle 3: Businesses should promote the
well being of employees
b) Principle 4: Business should respect the
interest of and be responsive towards all Stakeholders, specially those who are
disadvantages, vulnerable and marginalized
c) Principle 5: Business should respect and
promote Human Rights Collate the information disclosed under these 3 principles
and prepare a note (in your own words) on the company’s philosophy,
approach/policy and initiatives that showcase its People commitment. (10 Marks)
Ans 1.
Introduction
The business duty record examines the overall company
performance based on the competitive section. The business of Adani is
presently on top in the global market due to this company's enhanced need for
products. The entity checklist of this company based upon a business record
includes the corporate address, number of corporate business identities and
much more elements to advertise the demand for green power restricted fields in
the current market. The fiscal year of this company
Q2. Protecting data privacy is urgent and
complex. This protection is necessary because of the all-pervasive,
technology-driven, and information-intensive environment, typical of today's
corporations. Multiple risks involved in data management are propelling
information/data protection to the top of the corporate management agenda. What
according to you are the two ethical risks faced by the business in relation to
data protection and can you chooses and explains any two Data Protection
Principles applicable to businesses in India? (10 Marks)
Ans 2.
Introduction
In today's globe, personal data privacy is
vital for any organization and clients because there is a great deal of
burglary. Data protection will save the data associated with the available job
of an organization. It may create significant problems for the business. Some
cyberpunks can utilize the personal information of individuals and data of
companies, the economic data of the company, etc. Presently, even more,
companies will update for data safety and security modifications. The digital
company has established challenges and chances for businesses to
Q3a. Do you think pollution is the consumer
responsibility as well? Why do you think so? Who are the other stakeholders
around this issue, and how are they contributing to the escalating problem? (5
Marks)
Ans 3a.
Introduction
Consumer responsibility is examined as the
payment of clients to escalate service support. It will spread pollution in our
setting. This waste of materials originates from making raw materials and
products carried by transport which pollute the setting. This is defined in the
Consumer Defense Act. It was published on 26th
Q3b. Analyse at least two ethical dilemmas
faced by companies while trying to reduce their pollution levels. (5 Marks)
Ans 3b.
Introduction
The ethical dilemma is identifying the
consumer identity resolution and using underhanded organization actions they
are making short-term earnings. However, they will shed in profit as per these
actions in the long term. In the company, ethical dilemmas will be kept clear
of as
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