CII releases 'Code on Business Ethics'

CHENNAI: In a move to check corruption and ensure transparency among business communities, the Confederation of Indian Industry ( CII) today released a ' Code on Business Ethics' for its member companies.

"(The Code) is intended to strengthen the institutional framework that would help drive ethical practices in the organisation. CII wanted to take a lead in this initiative," CII President-Designate Adi Godrej told reporters after releasing the Code at the CII-National Council Meeting here.

CII would would distribute the Code to its 8,000 member companies and though it was not mandatory to follow it, they were expected to follow it as a guide, Godrej, also the Chairman of Godrej Group, said.

He claimed CII was the first industry body to devise such a code of ethics and said the organisation would distribute a separate 'Code on Human Values' to schools and colleges.