Ethical Practices by INFOSYS: Business Ethics Assignment-1

BUSINESS ETHICS ASSIGNMENT-1
NAME-SASMIT SUHAS PATIL

DIV-A {BBA.LL. B}
ERP.NO-1182200068
DATE OF SUBMISSION -29/12/2020
PROF-APARNA PATHAK MAAM
ANSWER-1
Ethical practices by INFOSYS

→ Information related to Infosys
• Founded- 7 July 1981; 39 years ago
• Owners-N.R. Narayana Murthy, Nandan Nilekani, S. Gopalakrishnan, S. D. Shibulal,
K. Dinesh,N. S. Raghavan, Ashok Arora
• Infosys Limited, is an Indian multinational corporation that provides business
consulting, information technology and outsourcing services. The company is
headquartered in Bangalore, Karnataka, India.
• Infosys is the second-largest Indian IT company after Tata Consultancy Services by
2017 revenue figures and the 596th largest public company in the world based on
revenue.
1. Uphold Business Integrity and Ethics
Infosys enjoys a hard-won reputation for honesty, integrity and fair dealing. As a global
company, Infosys is subject to all relevant anti-bribery and corruption laws including but not
limited to Prevention of Corruption Act, 1988 (India), the U.S. Foreign Corrupt Practices Act
(FCPA) and Bribery Act 2010 (U.K.).
The employs have to ensure that they comply with the relevant anti-bribery and corruption
laws in both letter and in spirit. Infosys has a zero-tolerance policy with respect to any form
bribery and/or corruption.
Bribery and corruption are against values of the company. Infosys does not permit such
actions, nor do they allow third parties acting on their behalf, such as agents, consultants,
suppliers and contractors to make any such payments. The employee shall ensure the
following.
Implement monitoring and enforcement procedures to ensure compliance with anti-
bribery and corruption laws;
Perform all business dealings transparently and maintain accurate details of the same in
business books and records
they never offer, directly or indirectly, any form of gift, entertainment or anything of value
to anyone on behalf of the company including government officials, customers or their
representatives to obtain or retain business; influence business decisions;or secure an unfair
advantage.
Abstain from offering any bribe, kickbacks or facilitation payments.
2. Conflict of Interest
• This is the situations when an Infosys employee or director may have an interest of
any kind in the Supplier's business, whether through personal relationships,
investments, directorships or any kind of economic ties with the Supplier. In event of
any conflict of interest arising at the time of empanelment or during engagement,
Suppliers are required to promptly disclose such situations to the company
3. Quality & Product responsibility

• The company ensures that the quality of product and service delivered shall be in-line
with all the contract terms and conditions. Suppliers shall adhere to all applicable laws
and regulations regarding prohibition or restriction of specific substances, including
labelling of products, if required.
4. Fair Business, Advertising and Competition

• Company upholds standards of fair business, advertising and competition. And
employee shall not engage in collusive bidding, price fixing, price discrimination, or
other unfair trade practices in violation of applicable antitrust laws
. 5. International Trade
• Suppliers will comply with all applicable laws and regulations concerning importing,
exporting, re-exporting or transfer of Infosys products and services.
6. Confidentiality
• Employees must ensure that confidential or proprietary information about Infosys, our
clients, employees or other parties, which has been gained through employment or
affiliation with the company, is not used for personal or professional advantage. The
confidential information also extends to any employee data, personal data or third -
party information as shared by Infosys.
7. Intellectual Property Rights

• the company take all steps to adhere to the intellectual property rights of including
copyrights, patents, trade secrets and trademarks.
8. Business Continuity
• The company ensures that there are plans and procedures to resume business in the
event of any physical disaster (e.g. Such as fire, flood, wind, earthquake, explosion,
etc.) or work stoppage of any kind (e.g. Labor strike, economic/social structure
breakdown, etc.). Subject to mutual agreement on business continuity plan terms by
both parties, the company shall resume services within committed timelines following
a disaster or work stoppage event.
 . LABOR PRACTICES AND HUMAN RIGHTS

Infosys is committed to uphold human rights of the workers and treating them with dignity
and respect.
1.Wages and Benefits

The company complies with all applicable wage laws and regulations including but not
limited to minimum wages, duration of payment, overtime hours, equal remuneration and
other elements of compensation. All legally mandated benefits viz. leave, social security,
insurance etc.is provided by the company to its employees.
2. Child labour
The company does not employ, engage or otherwise use any child labour. Infosys expects its
employees to not engage in any practice inconsistent with the rights set forth in the
Convention on the Rights of the Child, ILO Minimum Age Convention and Prohibition and
Immediate Elimination of the Worst Forms of Child Labor Convention. The term ‘child’
refers to any person employed normally under the age of 18 where the law of the country
permits, or under the age for completing compulsory education, or under the minimum age
for employment in the country, whichever is greatest.
3.Humane Treatment
The management does not tolerate any instance of harsh and inhumane treatment including
but not limited to sexual harassment, sexual abuse, corporal punishment, mental or physical
coercion or verbal abuse of workers, including the threat of any such treatment. The company
clearly lay down and communicate to workers the disciplinary policies and procedures in this
regard.
 HEALTH AND SAFETY

Infosys expects its management to provide employees with a safe and healthy workplace in
compliance with all applicable laws and regulations.
 ENVIRONMENT
As a part Infosys create a responsible supply chain, Infosys has set up VIVA Framework
Goodwill towards business, society and environment that aims at aligning our sustainability
practices to our supply chain. Company is constantly innovating towards the following aims.
Energy and Emissions: Infosys expects its employees to participate, at a minimum and co-
create solutions to minimize and regulate the wastage of energy.
Waste: Infosys has been persistent in its waste management efforts and ensures reuse,
recycling and the responsible disposal of waste,
Water: Infosys aims to make their campuses water sustainable by reducing consumption,
rainwater harvesting and recycling waste water. Infosys expects its employees to participate,
at a minimum and co-create solutions to achieve

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BUSINESS ETHICS ASSIGNMENT-1

NAME-SASMIT SUHAS PATIL

Ethical practices by INFOSYS

3. Quality & Product responsibility

4. Fair Business, Advertising and Competition

7. Intellectual Property Rights

 . LABOR PRACTICES AND HUMAN RIGHTS

1.Wages and Benefits

 HEALTH AND SAFETY

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