This document outlines national voluntary guidelines for responsible business practices put forth by the Ministry of Corporate Affairs in India. It establishes 9 principles for businesses to conduct themselves ethically and transparently, provide safe and sustainable products, promote employee and stakeholder well-being, respect human rights and the environment, influence policy responsibly, support inclusive development, and engage customers responsibly. It also provides guidelines on implementing the principles through leadership, engagement, integration, and reporting.
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Group 9 national voluntary guidelines ppt
1. National Voluntary Guidelines for
responsible business by MCA
“Bringing Transparency in Corporate Sector”
Group Members :
Sohan Kamble - 61
Irfan Khan - 64
Zohaib Amin – 78
Rohan Patil – 95
Keyur Sheth – 104
Pratik Vora – 118
2. INTRODUCTION – FUNDAMENTAL PRINCIPLE
Agenda
1 Mandate and process
2 Applicability
3 Content and Structure
4. Principle 1: Businesses should conduct and govern themselves with
Agenda
Ethics, Transparency and Accountability.
Develop governance structures
Communicate transparently
Not engage in mal practices
Mandatory disclosures
5. Principle 2: Businesses should provide goods and services that are safe and
Agenda
contribute to sustainability throughout their life cycle
Safety and optimisation throughout the life cycle
Consumers awareness
Recognise & respect the rights of people
6. Principle 3: Businesses should promoteAgenda
the wellbeing of all employees
Equal opportunities
Right to freedom
Non usage of child labour
Provide facilities
Workplace environment
Harassment free workplace
7. Principle 4: Businesses should respect the interests of, and be responsive
Agenda
towards all stakeholders
Acknowledge responsibility, transparent
Special attention
Resolve differences
8. Agenda
Principle 5: Businesses should respect and promote human rights
Understand & appreciate human rights
Respect for human rights
Influence, Promote & Realization of human
rights
Complicit with human rights
9. Principle 6: Business should respect, protect, and make efforts to restore
Agenda
the environment
Utilization of natural and manmade resources
Pollution & environmental damage
Improve their environmental performance
Environment Management Systems (EMS)
10. Principle 7: Businesses, when engaged in influencing public and regulatory policy,
Agenda
should do so in a responsible manner
Policy advocacy
Utilize the trade & industry chambers
& associations
11. Principle 8: Businesses should support Agenda growth and equitable development
inclusive
Impact on
social and economic
development
Innovation
Development priorities
12. Principle 9: Businesses should engage with and provide value to their customers
Agenda
and consumers in a responsible manner
Well-being of the customers
Freedom of choice & free competition
Disclose all information
Adequate grievance handling mechanisms
No misleading
14. INDICATORS
Commitment of Top Management and supportive Governance
structure
Policy deployment and Process Management
Sensitization and Training
Stakeholder Engagement
Monitoring and Evaluation
Analysis and Improvement
Continuous Innovation
Disclosure