Case Study About Ethical Conduct in Cipla Limited.
2338 words 10 pagesA CASE STUDY OF BUINESS ETHICS MANAGEMENT AT CIPLA LTD.
Submitted by – Deepti Arora Roll no. – 21/055
Apeejay School of Management
Cipla Limited is a pharmaceutical company based in Mumbai, India. Founded by nationalist Indian scientist Khwaja Abdul Hamied as The Chemical, Industrial & Pharmaceutical Laboratories in 1935. Cipla makes drugs to treat cardiovascular disease, arthritis, diabetes, weight control, depression and many other health conditions.
Founded prior to Indian independence and on the principle that India needed to become self-sufficient in supplying medicine to its people, Cipla has emphasized self-reliance and the right of all people to health and access to medicine, regardless of their economic …show more content…
STATEMENT OF VALUES -
Particulars Details as on March 31, 2013 in, 1 Paid up capital - 160.58 crores 2 Total turnover (Revenue from operations) - 8294.58 crores 3 Total profit after taxes - 1507.11 crores 4 Total spending on corporate social responsibility (CSR) by the Company including through its Foundations/Trusts, namely Cipla Foundation, Cipla Public Charitable Trust and Cipla Cancer and AIDS Foundation - 7.65 crores
CODE OF CONDUCT – As required under revised Clause 49 of the Listing Agreement the following code of conduct has been approved by the Board of Directors and is applicable to the Directors and Senior Management of the Company.
1. Ethical conducts
All directors and senior management employees shall deal on behalf of the Company with professionalism, honesty, integrity as well as high moral and ethical standards. Such conduct shall be fair and transparent and be perceived to be as such by third parties.
2. Conflict of interest
Any director or senior management employee of the Company shall not engage in any business, relationship or activity, which might detrimentally conflict with the interest of the Company.
All directors and senior management employees of