The document outlines the 17 clauses of the TCS Code of Ethics, which provides guidance to employees on values, ethics, and business conduct. The code addresses issues like national interest, financial reporting, competition, equal opportunities, gifts/donations, political non-alignment, health/safety, quality, corporate citizenship, public representation, third party representation, use of brand, group policies, shareholders, and regulatory compliance. The code is intended to serve as a guide for employees' personal and professional conduct according to TCS' principles.
The document outlines the 17 clauses of the TCS Code of Ethics, which provides guidance to employees on values, ethics, and business conduct. The code addresses issues like national interest, financial reporting, competition, equal opportunities, gifts/donations, political non-alignment, health/safety, quality, corporate citizenship, public representation, third party representation, use of brand, group policies, shareholders, and regulatory compliance. The code is intended to serve as a guide for employees' personal and professional conduct according to TCS' principles.
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The document outlines the 17 clauses of the TCS Code of Ethics, which provides guidance to employees on values, ethics, and business conduct. The code addresses issues like national interest, financial reporting, competition, equal opportunities, gifts/donations, political non-alignment, health/safety, quality, corporate citizenship, public representation, third party representation, use of brand, group policies, shareholders, and regulatory compliance. The code is intended to serve as a guide for employees' personal and professional conduct according to TCS' principles.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPTX, PDF, TXT or read online from Scribd
Prashant Raj. Sreejib Biswas. TCS CODE OF ETHICS üThe Values and principles which have governed the TCS and their employees were formally articulated in 1998. üThe code was intended to serve as a guide to each employee on the values, ethics and business principles expected of him or her in personal and professional conduct. üAs it is a global company, it requires an appropriate modification of the Code to ensure that it addresses and encompasses diverse cultural, business and related issues universally across TATA Group. üTCS has 25 code of conducts to maintain their CLAUSE 1:National Interest ü The TCS is committed to benefit the economic development of the countries in which it operates. ü ü ü The TCS management practices and business conduct shall benefit the country, localities and communities in which it operates, to the extent possible and affordable, and shall be in accordance with the laws of the land. ü ü ü TCS in the course of its business activities , shall respect the culture , customs and traditions of each country, in which it operates. It shall conform, to trade procedures including licensing documentation and other necessary formalities, as applicable. CLAUSE 2: Financial Reporting & Records ü TCS shall prepare and maintain its accounts fairly and accurately and in accordance with the accounting and financial reporting standards, which represent the generally accepted guidelines principles, standards laws and regulations of the country. ü Internal accounting and audit procedures shall reflect fairly and accurately the company’s business, transactions and disposition of assets and shall have internal controls to provide assurance to the company board and shareholders that the transactions are accurate and legitimate. ü ü Any willful material misrepresentation of and / or misinformation on the financial accounts and reports shall be regarded as a violation of the Code. ü ü No employee shall make, authorize, bet or collude in an improper payment, unlawful commission or bribing. Clause 3: Competition üA Tata company shall fully support the development and operation of competitive open markets and shall promote the liberalization of trade and investment in each country, and market in which it operates. Specifically no Tata company or employee shall engage in restrictive trade practices, abuse of market dominance or similar unfair trade activities. ü üA Tata company or employee shall market the company’s products and services on their own merits and shall not make unfair and misleading statements about competitors’ products and services. Clause 4: Equal opportunities employer ü A Tata company shall provide equal opportunities to all its employees and all qualified applicants for employment without regard to their race, caste, religion, colour, ancestry, marital status, gender, sexual orientation, age, nationality, ethnic origin or disability.
ü Human resource policies shall promote diversity and
equality in the workplace, as well as compliance with all local labor laws, while encouraging the adoption of international best practices.
ü Employees of a Tata company shall be treated with
dignity and in accordance with the Tata policy of maintaining a work environment free of all forms of harassment, whether physical, verbal or psychological. Employee policies and practices shall be administered in a manner consistent provisions of Clause 5: Gifts and donations ü A Tata company and its employees shall neither receive, nor offer or make directly or indirectly any illegal payments, remunerations, gifts, donations or comparable benefits that are intended, or perceived, to obtain uncompetitive favors for the conduct of its business. The company shall cooperate with governmental authorities in efforts to eliminate all forms of bribery, fraud and corruption. ü ü A Tata company and its employees may, with full disclosure, accept and offer nominal gifts, provided such gifts are customarily given and are of a commemorative nature. Each company shall have a policy to clarify its rules and regulations on gifts and entertainment, to be used for the guidance of its employees. Clause 6:Government agencies üA Tata company and its employees shall not, unless mandated under applicable laws, offer or give any company funds or property as donation to any government agency or its representative, directly or through intermediaries, in order to obtain any favorable performance of official duties. ü üA Tata company shall comply with government procurement regulations and shall be transparent in all its dealings with government agencies. Clause 7:Political non-alignment
üA Tata company shall be committed to and
support the constitution and governance systems of the country in which it operates. ü üA Tata company shall not support any specific political party or candidate for political office. The company’s conduct shall preclude any activity that could be interpreted as mutual dependence / favor with any political body or person, and shall not offer or give any company funds or property as donations to any political party, candidate or campaign. Clause 8: Health safety and environment
üA Tata company shall strive to provide a safe,
healthy, clean and ergonomic working environment for its people. It shall prevent the wasteful use of natural resources and be committed to improving the environment.
üA Tata company, in the process of production
and sale of its products and services, shall strive for economic, social and environmental sustainability. ü Clause9: Quality of products & services üA Tata company shall be committed to supply services of world class quality standards, backed by after-sales services consistent with the requirements of its customers, while striving for their total satisfaction. ü üThe quality standards of the company’s goods and services shall meet applicable national and international standards. ü üA Tata company shall display adequate health and safety labels and other necessary information on its product packaging. Clause 10: Corporate citizenship üA Tata company shall be committed to good corporate citizenship, not only in the compliance of all relevant laws and regulations but also by actively assisting in the improvement of quality of life of the people in the communities in which it operates. The company shall encourage volunteering by its employees and collaboration with community groups. ü üTata companies are also encouraged to develop systematic processes and conduct management reviews, as stated in the Tata ‘corporate sustainability protocol’, from time to time so as to set strategic direction for social development activity. ü üThe company shall not treat these activities as Clause 12: Public representation of the company and the Group.
üThe Tata Group honors the information
requirements of the public and its stakeholders. In all its public appearances, with respect to disclosing company and business information to public constituencies Tata Group shall be represented only by specifically authorized directors and employees. ü üIt shall be the sole responsibility of these authorized representatives to disclose information about the company or the Group. Clause13: Third party representation
üParties which have business dealings with the
Tata Group but are not members of the Group, such as consultants, agents, sales representatives, distributors, channel partners, contractors and suppliers, shall not be authorized to represent a Tata company without the written permission of the Tata company, and / or if their business conduct and ethics are known to be inconsistent with the Code. ü üThird parties and their employees are expected to abide by the Code in their interaction with, and on behalf of, a Tata company. Tata companies are encouraged to sign a non-disclosure agreement with third parties to support Clause 14: Use of the Tata brand ü The use of the Tata name and trademark shall be governed by manuals, codes and agreements to be issued by Tata Sons. The use of the Tata brand is defined in and regulated by the Tata Brand Equity and Business Promotion Agreement. No third party or joint venture shall use the Tata brand to further interests without specific authorization.
Clause 15: Group policies
üA Tata company shall recommend to its board of
directors the adoption of policies and guidelines periodically formulated by Tata Sons. Clause 16: Shareholders üA Tata company shall be committed to enhancing shareholder value and complying with all regulations and laws that govern shareholder rights. The board of directors of a Tata company shall duly and fairly inform its shareholders about all relevant aspects of the company’s business, and disclose such information in accordance with relevant regulations and agreements.
Clause 17: Regulatory compliance
üEmployees of a Tata company, in their business
conduct, shall comply with all applicable laws and regulations, in letter and spirit, in all the territories in which they operate. If the ethical and professional standards of applicable laws and regulations are below that of the Code, then the standards of the Code shall prevail. Clause18: Ethical conduct ü Every employee of a Tata company including full-time directors and the chief executive, shall exhibit culturally appropriate deportment in the countries they operate in, and deal on behalf of the company with professionalism, honesty and integrity, while conforming to high moral and ethical standards. Such conduct shall be fair and transparent and be perceived to be so by third parties.
ü Every employee of a Tata company shall preserve the
human rights of every individual and the community, and shall strive to honor commitments. ü ü Every employee shall be responsible for the implementation of and compliance with the Code in his / her environment. Failure to adhere to the Code could attract severe consequences, including Clause19: Concurrent employment ü Consistent with applicable laws, an employee of a Tata company shall not, without the requisite, officially written approval of the company, accept employment or a position of responsibility (such as a consultant or a director) with any other company, nor provide freelance services to anyone, with or without remuneration. ü ü In the case of a full-time director or the chief executive, such approval must be obtained from the board of directors of the company. CLAUSE 20:Conflict of interest An employee or director of a Tata company shall always act in the interest of the company, and ensure that any business or personal association which he / she may have does not involve a conflict of interest with the operations of the company and his / her role therein. CLAUSE 21: Securities transactions and confidential information Insider information might include the following: Acquisition and divestiture of businesses or business units. Financial information such as profits, earnings and dividends. Announcement of new product introductions or developments. Asset revaluations. Investment decisions / plans. Restructuring plans. Major supply and delivery agreements. Raising of finances. An employee of a Tata company shall also respect and observe the confidentiality of information pertaining to other companies, their patents, intellectual property rights, trademarks and inventions; and strictly observe a practice of non- Clause:22 Protecting company assets The assets of a Tata company shall not be misused; They shall be employed primarily and judiciously for the purpose of conducting the business for which they are duly authorised. These include tangible assets such as equipment and machinery, systems, facilities, materials and resources, as well as intangible assets such as information technology and systems, proprietary information, intellectual property, and relationships with customers and suppliers. Clause:23 Citizenship
The involvement of a Tata employee in civic or
public affairs shall be with express approval from the chief executive of his / her company, subject to this involvement having no adverse impact on the business affairs of the company . Clause:24 Integrity of data furnished
Every employee of a Tata company shall ensure,
at all times ,the integrity of data or information furnished by him/her to the company. He/she shall be entirely responsible in ensuring that the confidentiality of all data is retained and in no circumstance transferred to any outside person/party in the course of normal operations without express guidelines from or, the approval of the management. Clause:25 Reporting concerns
Every employee of a Tata company shall promptly
report to the management and / or third-party ethics helpline, when she / he becomes aware of any actual or possible violation of the Code or an event of misconduct in the company’s interest. Such reporting shall be made available to suppliers and partners, too. The company shall ensure protection to the whistleblower and any attempts to intimidate him / her would be treated as a violation of the Code.17 BREACH OF CODE OF CONDUCT
1)Unethical behavior of an employee after getting
drunk: An employee at TCS Kolkata, involved in Johnson&Johnson project , wearing the ID-card was drunkard at night and waited for cab. When he did not got the cab at night, he shouted to the security and used awkward languages and fought with the security.
Next day morning the head of the security
informed the matter to the PL & head HR.
With in 24 hrs, he got pink slip.
2)5000 employees of TCS BPO left the job because of non-increment of salary & promotions. But the company got the profit in the last quarter . People were made to work 14- 18 hrs a day, like slaves. They were asked to resign in closed door discussion. Most of them had not resigned on their own. These people were forced to resign but there will not be any proof because 3)During sept- oct 2008, a person having more than 7 yrs of experience in IT cleared all rounds of interview & got offer letter in nov. 2008. He was asked to resign the current job & give a tentative joining date. He gave the joining date as 1st week of jan. 2009.& gave the resignation from the current employer . When he contacted TCS HR on 1st week of jan 2009, the HR told him to wait till 3rd week of the month. Again when he went on the 3rd week, he was asked to wait for 2 more weeks. This process went on for 6 months & he didn’t got any word from TCS . He was married & was living with his family. He was pretty safe in his previous job but now he had to face an uncertain future because of a fake offer. His family was in a great pain