Relaying information that the compa

Relaying information that the company does not tolerate unethical behaviour is another ethical move that the
respondents identified. As shared by respondent no.11, such a message is spread to all stakeholders of the
company. The manifesto of the company to operate business fairly, ethically and in full compliance with all laws
and regulations is clearly conveyed to everyone involved directly or indirectly. For example, a detailed Code of
Business Practices is designed as a guideline for all the relevant internal and external parties involved with the
company’s activities. This Code of Business stipulates how each relevant individual should react and behave in
line with the expectation of the company’s inclusive governance practices. Specifically, the respondents
company formulated a vendor’s code of business practices. The vendor codes consist of practices that are
expected from vendors and the guidelines that are formulated by the company in order to maintain a certain
standard of integrity from both parties (the company and the vendor). “All companies doing business must also
sign a code of business practice, through which we communicate our principal of doing business, confirming
that they have read and understood the code. Vendors, who are found to be working against these ethical
practices, would no longer be allowed to do business with us”. According to him, it is the entry point for external
perception to do business with the company.
Concerning the implementation and effectiveness of the code, the company has a specially established office of
Business Practices to provide policy guidance and facilitate compliance with the code. Continuous efforts are
taken by the office of Business Practice to look into ways to encourage a high standard of business conduct and
ethics in the company; benchmarks for best practices are observed to further improve the company’s business
practices.