Values drive organisations and determine their DNA. Integrity and compliance have become values that stand rightfully out as 'primus inter pares'.
Implementing good practices for integrity and compliance are vital to support top management and their teams.Leaders driving integrity as a core value of their organisation must recognise that it is imperative to walk the talk. The tone at the top is important, but even more so the behaviour at the top.
Processes must be established for transparent interactions with government officials, suppliers and dealers.
Commitment to enforce change, for example, by audits and holding people responsible as well as by anchoring integrity in the employee remuneration system, is necessary.
(Wilfried Aulbur, managing partner, Roland Berger Strategy Consultants Pvt Ltd)
Good leaders know what they value. They also recognise the importance of ethical behaviour. The best leaders exhibit both their values and their ethics in their leadership style and actions.
It's really critical that the code of ethics fits the values and mission of the specific company. For this, it's important to have a formal document, a code of conduct that establishes expectations for the company and its employees.
For a leader to create a code of ethics, he/she has to start with the purpose — mention the values that are important to the top management in the conduct of the business such as integrity, responsibility and reputation. Describe the leadership commitment in maintaining high standards both within the organisation and in its dealings with others.
(Gayatri Ruia, director, Palladium, High Street Phoenix)
Henry Ford once said, "There is a most intimate connection between decency and good business". Operating and implementing ethical practices is in the core of our DNA and we are proud of our heritage.
At Ford, we strongly believe and strive every day to build an ethical atmosphere of learning, fostering trust and strengthening relationships. It is this collective behaviour of all team members at Ford that defines who we are and what we stand for.
The prime purpose of an organisation is to serve its customers, employees, and communities without which we cannot have great products, a strong business, and contribute to a better world. Despite a long history of ethical conduct, we continue to be vigilant, transparent, and everyday improve on this very important principle.
(Michael Boneham, president and managing director, Ford India.)