The Tata philosophy of management has always been, and is today more than ever, that corporate enterprises must be managed not merely in the interests of their owners, but equally in those of their employees, of the consumers of their products, of the local community and finally of the country as a whole.
Chairman, Tata Sons (1938 – 1991)
C. OUR CORE PRINCIPLES
- We are committed to operating our businesses conforming to the highest moral and ethical standards. We do not tolerate bribery or corruption in any form. This commitment underpins everything that we do.
- We are committed to good corporate citizenship. We treat social development activities which benefit the communities in
which we operate as an integral part of our business plan.
- We seek to contribute to the economic development of the communities of the countries and regions we operate in, while respecting their culture, norms and heritage. We seek to avoid any project or activity that is detrimental to the wider interests of the communities in which we operate.
- We shall not compromise safety in the pursuit of commercial advantage. We shall strive to provide a safe, healthy and clean working
environment for our employees and all those who work with us.
- When representing our company, we shall act with professionalism, honesty and integrity, and conform to the highest moral and ethical
standards. In the countries we operate in, we shall exhibit culturally appropriate behaviour. Our conduct shall be fair and transparent
and be perceived as fair and transparent by third parties.
- We shall respect the human rights and dignity of all our stakeholders.
- We shall strive to balance the interests of our stakeholders, treating each of them fairly and avoiding unfair discrimination of any kind.
- The statements that we make to our stakeholders shall be truthful and made in good faith.
- We shall not engage in any restrictive or unfair trade practices.
- We shall provide avenues for our stakeholders to raise concerns or queries in good faith, or report instances of actual or perceived
violations of our Code.
- We shall strive to create an environment free from fear of retribution to deal with concerns that are raised or cases reported in good faith.
No one shall be punished or made to suffer for raising concerns or making disclosures in good faith or in the public interest.
- We expect the leaders of our businesses to demonstrate their commitment to the ethical standards set out in this Code through
their own behaviour and by establishing appropriate processes within their companies.
- We shall comply with the laws of the countries in which we operate and any other laws which apply to us. With regard to those
provisions of the Code that are explicitly dealt with under an applicable law or employment terms, the law and those terms shall take precedence. In the event that the standards prescribed under any applicable law are lower than that of the Code, we shall conduct
ourselves as per the provisions of the Code.
“Good faith” means having a reasonable belief that the information you have provided is truthful. It does not mean having ‘all the evidence’ about the potential violation or case reported.