Tata Case Study Essay Example

its business affairs in accordance with the government's economic, development, and foreign policies, objectives, and priorities. Its aim is to positively contribute to achieving these goals at international, national, and regional levels.

FINANCIAL REPORTING AND RECORDS

A Tata company must adhere to accounting and financial reporting standards that are generally accepted as guidelines, principles, standards, laws, and regulations in the country where it operates. All necessary information must be accessible to auditors, authorized parties, and government agencies. There should be no intentional omissions of any company transactions from the books and records. In addition, there should be no recognition of income in advance or undisclosed bank accounts and funds.

Any intentional material misrepresentation of and/or misinformation on the financial accounts and reports shall be considered a violation of this code.

COMPETITION

A Tata company is committed to establishing and supporting a competitive, open market economy both in India and abroad. Cooperation in promoting the progressive and judicious liberalization of trade and investment by a country is also emphasized. A Tata company will avoid engaging in activities that generate or support monopolies, dominant market positions, cartels, or any other unfair trade practices. Moreover, promotion of products and services will be based on their own merits without resorting to unfair or misleading statements about competitors' offerings.

EQUAL-OPPORTUNITIES EMPLOYER

A Tata company ensures equal opportunities for all employees and qualified job applicants regardless of race, caste, religion, color, ancestry, marital status, sex, age, nationality disability or veteran status. The dignity of employees is upheld according to the Tata policy which maintains a work environment free from any form of sexual harassment including physical

Tata company and its staff are not permitted to engage in any illegal

transactions, payments, rewards, donations, or other advantages that may be perceived as attempts to gain business advantages or weaken competition. However, they are allowed to give and accept small gifts of a symbolic nature on special occasions.