XLRI hosts Business Ethics Conference; discusses to leverage Ethics for Sustainable Corporate Advantage

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MBAUniverse.com News Desk |
April 22, 2015
XLRI in collaboration with XLRI Alumni organized the 2nd Business Ethics Conference on April 17, 2015
"We would have to adopt similar policies followed in developed economies where whistle blowers are considered an essential aspect of corporate governance." Mukund Rajan, Chief Ethics Officer, Tata Sons

With the aim to discuss some of the most pertinent questions related to Ethics as it is a much felt need by Corporate India and the Country at Large, to replace the existing ways of doing business and adopting sustained Ethical ways, Xavier School of Management (XLRI) Jamshedpur, in collaboration with XLRI Alumni (Mumbai Chapter) organized the 2nd Business Ethics Conference on April 17, 2015 at Mumbai. The theme of the conference was “Leveraging Ethics for Sustainable Corporate Advantage”.

 

The event was inaugurated by Fr. E Abraham, S. J. (Director of XLRI), Fr. Ozzie Mascarenhas, S.J. (JRD Tata Chair Professor of Business Ethics at XLRI and founder of XLRI Ethics Research Center-XLERC), and key note address was delivered by Mr. Mukund Rajan (Brand Custodian, Member, and Group Spokesperson-Group Executive Council, Chief Ethics Officer, Tata Sons) in presence of other dignitaries.

 

On the occasion, Fr. E Abraham, S. J. Director XLRI, remarked, “Ethics is a subject which most people and organisations will want to discuss and strive to achieve, for in doing so, they will be addressing the Interests of all their stakeholders. After this conference we look forward to host many similar Conferences to discuss global and national issues concerning ‘Corporate Ethics that lead to Corporate Advantage'.”
 
Mr. Mukund Rajan, Brand Custodian, Member, and Group Spokesperson-Group Executive Council, Chief Ethics Officer, Tata Sons said, ‘’India needs to create a positive environment for whistle blowers since anonymity is a concern. We would have to adopt similar policies followed in developed economies where whistle blowers are considered an essential aspect of corporate governance.’’

 

Fr. Ozzie Mascarenhas, S.J. JRD Tata Chair Professor of Business Ethics at XLRI and founder of XLRI Ethics Research Center (XLERC) and the host of the event said, “Ethics deals with human behavior and is currently reckoned as a responsible action program for the betterment of individuals, groups, organizations and societies. Ethics empowers us to chart and live a new value-laden direction in life. It becomes relevant wherever people interact and function together. Hence, every field of business such as planning and strategy, accounting, finance, human resources management, business law, marketing, business research, and production management involves ethical issues and challenges”.

 

The Conference included panel sessions on topics like Relevance of Business Ethics: Moving beyond Compliance to a Way of Life; Shades of Grey – Failure of Ethics in organizations, and Remediation points from Policy; Organization and Behavioral angles; Ethics as a Sustainable Competitive Advantage-Best practices for Sustainability; Operationalizing Ethics in Business Models- Lessons for Social Enterprises; Future of Corporate Ethics-Building an Implementable Framework for Organizations through Corporate Entrepreneurship

 

Among the panelists at the conference were – Mr. Amit Chopra(Managing Director, Thermo Fisher Scientific, India), Mr. Arvind Vasudeva (CEO Formulations, Aurobindo Pharma), Mr. K Ramkumar (Executive Director on the Board of ICICI Bank & President of ICICI Foundation) , Mr. K S Kumar (VP, Human Resources, Castrol India Ltd), Ms. Meera H Sanyal (Chairperson, Urban development Committee at Indian Merchants’ Chamber), Mr. Michael P Pinto (Former Secretary, Shipping Ministry, GoI), Mr. Milind Sarwate (Founder and CEO, Increate Value Advisors LLP), Mr. Parshuram Date (Chief Risk Officer, Chief Internal Auditor and Chief Ethics Counselor, Tata Power), Mr. R Ramakrishnan (Vice Chairman, Joint MD and Group CEO, Polycab Group), Mr. Raman Madhok (Managing Director, CMI FPE Ltd & CMI Group Head – South Asia), Mr. Royston Braganza (CEO, Grameen Capital India) , Mr. Saumen Chakraborty (President, CFO and Global Head of IT & BPE at Dr. Reddy’s Laboratories), Mr. Srinivas Kantheti (Member, Group Management Center, Wadhawan Global Capital,) Mr. Suresh Gupta (Executive Chairman of Huhtamaki-PPL Ltd.) and Ms. Swati Rustagi (ex- Executive Vice President & Head Global Human Resources, Glenmark Pharmaceuticals).

 

The conference was sponsored by Tata Group supported by Tata Steel and Tata Power with Reckitt Benckiser as the Co-Sponsor.

 

XLRI

 

XLRI is one of the top rated private management institute in India founded in 1949 by Fr Quinn Enright, S.J. in the ‘steel city’ of Jamshedpur. Over the last six decades, it has grown into a top-ranking business school with a wide portfolio of educational programs. Its alumni are spread around the globe and have demonstrated responsible business leadership in their organizations. XLRI strives to contribute its mite to the professional growth and management of innumerable organizations that serve the public good in a variety of sectors. 
 

XLERC

 

Founded in May 2014 under the auspices of the JRD Tata Chair of Business Ethics, XLRI Ethics Research Center (XLERC) aims at creating an ethics research-based knowledge center where both industry and academia will be able to find and reflect on resources in business ethics and allied issues, disseminating through Management Development Programs (MDPs), Management Training Programs (MTPs), and Faculty Development Programs (FDPs) on business ethics, ethics research and teaching ethics at organizations and educational institutions. It will also organize Ethics Research Conferences periodically in metropolitan cities of India and abroad, in active collaboration with XLRI Alumni Chapters of those cities.

 

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