Ethical Dilemma Faced By Reliance Industries Limited

Ethical dilemma Faced By Reliance Industries Limited (RIL) Ethics is the mixture of honesty, lucidity and morality. It’s the study of business policy and practices regarding potentially controversial issues such as corporate governance, insider trading, bribery, CSR , sexual harassment, etc. Reliance industries Limited Reliance Industries Limited (RIL) is an Indian multinational company which is in Mumbai, India. The company works in 5 major segments: exploration and production, petroleum refining and marketing, petrochemicals products, retail industry and telecommunications. RIL is the 2nd largest publicly traded company in India by capitalization approximately 100 billion $ and is the 2nd largest company in India by revenue generated. The company was started by Rakesh Ranjan and Champaklal Damani in 1959 as Reliance Commercial Corp (RCC). In 1966, the alliance ended and Dhirubhai Ambani continued the polyester business of the firm .The company was incorporated under the name Reliance textiles Limited. Its installed capacity for producing polyester yarn of 143,000 tons each year. The Hazira petrochemical plant was custom-built in 1991-93. It is the largest petrochemical plant of its time. Reliance Industries Limited - Code of Conduct Code of conduct is a set of conservative principles and opportunity that are considered binding on any person who is a member of a specific group. Reliance believes that trade conduct can be ethicalShow MoreRelatedDebeers s Diamond Dilemm A Case Study2368 Words   |  10 PagesDeBeers’s Diamond Dilemma: A Case Study Introduction The DeBeers’s group of companies is a leading diamond exploration, mining, retail and trading company that was founded in 1888. The organization has its headquarters in Luxembourg and has mining agreements in close to 30 countries inclusive of the world’s leading diamond producers such as South Africa, Botswana, Canada and Namibia (Cadieux, 2005). The company enjoys one of the leading market shares in the natural diamond industry with a current shareRead MoreUnethical Practices3519 Words   |  15 Pagespassenger cars, to light commercial vehicles of different images and purposes: the ubiquitous Pajero, and the active Strada, Montero Sport, Grandis and Fuzion. Also included on the line-up are Adventure, L300 Versa-Van, and commercial vans. Moving the industry are the FK/FM trucks and the Rosa buses. Trucked neatly between the light duty pick- ups and heavy haulers are the Canter light truck and Rosa mini- bus. Today, Mitsubishi, headed in the Philippines by Mr. Masahiko Ueki, produces thousands of vehiclesRead MoreThe Concept Of Cloud Computing2807 Words   |  12 Pagesprovide a detailed description of the research environment, justification for the paradigm and methodology chosen, description of the research procedure, implementation of the action research, data collection methodology, data sample selection, and ethical considerations and implications. Description of the research environment The research work was basically to evaluate the risk management processes associated with adoption and implementation of cloud computing in Canadian banks. The Canadian BanksRead MoreEthical Decision Making and Behavior13474 Words   |  54 Pages7 Ethical Decision Making and Behavior As we practice resolving dilemmas we find ethics to be less a goal than a pathway, less a destination than a trip, less an inoculation than a process. —Ethicist Rushworth Kidder WHAT’S AHEAD This chapter surveys the components of ethical behavior—moral sensitivity, moral judgment, moral motivation, and moral character—and introduces systematic approaches to ethical problem solving. We’ll take a look at four decision-making formats: Kidder’s ethical checkpointsRead MoreA Study on the Performance Analysis of Mutual Fund of Six Different Companies11006 Words   |  45 Pagesincreased manifold in developed financial markets, like the United States. As at the end of March 2006, in the US alone there were 8,002 mutual funds with total assets of over US$ 9.36 trillion (Rs.427Iakh crores). In India, the mutual fund industry started with the setting up of the Unit Trust of India in 1964. Public sector banks and financial institutions were allowed to establish mutual funds in 1987. Since 1993, private sector and foreign institutions were permitted to set up mutual fundsRead MoreRap Acca Bsc Topic 87801 Words   |  32 PagesPOWER COMPANY LIMITED PRESENTED BY: KHAQAN HAIDER Registration number: 1277963 Nov2010 Word count: 5796 words Contents ​Introduction​​​​​​1 Topic Chosen And Its Context 1 Reasons For Selection 1 Project Objectives 2 Research Approach 2 ​Information Gathering​​​4 Primary Research 4 Secondary Research 4 Limitations of Information Gathering 5 Limitations of Analytical Tools 5 Ethical Issues 6 Read MoreBusiness Ethics Test Questions with Answers Essay22425 Words   |  90 Pagesï » ¿Chap 10: 16. Which of the following is true of gatekeepers? a. They are not bound to ethical duties. b. Investors and boards are examples of gatekeepers. c. They serve as intermediaries between market participants. d. They are not responsible for ensuring conformance to fairness in the marketplace. Answer: c 17.  Which of the following rely on gatekeepers for fair and effective functioning of economic markets? a.  Bankers b.  Auditors c.  Accountants d.  Financial analysts Answer: a 18.Read MoreThe Myth of Csr5260 Words   |  22 PagesStates or the United Kingdom’s Ethical Trading Initiative, have flourished. The United Nations partnered with business to launch its own Global Com- Some socially linked brands, such as Fair Trade coffee, are growing very rapidly in the U.S. and Europe. pact, which offered nine prinin the United Kingdom was worth almost  £25 billion in 2004, ciples relating to human rights and the environment, and was according to a report from the Co-operative Bank.2 hailed as the ethical road map for the future. AndRead MoreOrganizational Culture And Leadership Of The Private Sector Within Malaysia8584 Words   |  35 Pagescultural context and does not define the prevailing culture among employees or demographic. Additionally, respondents were confused over different leadership styles tested that were transactional and transformational which led to ambiguity in the limited scope of government organizations. Private firms as oppose to government managed institutions have a higher probability of having an existing multifaceted people from different backgrounds interacting with each other and also from other countriesRead More65 Successful Harvard Business School Application Essays 2nd Edition 147256 Words   |  190 Pages121 124 128 132 136 vi Contents Dale Schilling Erik Johnson 140 143 Vi. setback or failUre Chris Withers Eugenia Gibbons John Richard Craig Ellis Irfhan Rawji Thomson Nguy Anonymous Jordan Burton 150 152 154 157 159 161 163 165 Vii. ethical issUes Anonymous PaulYeh Rye Barcott Anonymous Adam Heltzer Anonymous Anonymous 171 174 177 180 183 186 189 Viii. other QUestion Nathan Dutzmann Anonymous David Zhang John Schmit 197 200 203 206 vii Contents Jaime Arreola Anonymous Ally