WHAT DO YOU UNDERSTAND BY ETHICAL PRACTICE?

In the context of business, it means a way of practicing your business interactions with others in a way that does not violate the common ethic of business in your market.

INTRODUCTION
INFOSYS LIMITED WAS FORMERLY KNOWN AS INFOSYS TECHNOLOGIES LIMITED, IS A GLOBAL TECHNOLOGY SERVICES COMPANY HEADQUARTERED IN BANGALORE, INDIA. IT HAS OFFICES IN 33 COUNTRIES AND DEVELOPMENT CENTERS IN INDIA, CHINA, AUSTRALIA, UK, CANADA, BRAZIL AND JAPAN. THE COMPANY OFFERS SOFTWARE PRODUCTS FOR THE BANKING INDUSTRY AND BUSINESS PROCESS MANAGEMENT SERVICES ALSO PROVIDES END-TO-END BUSINESS SOLUTIONS

Infosys was founded on 2 July 1981 by seven entrepreneurs, N. R. Narayana Murthy, Nandan Nilekani, Kris Gopalakrishnan, S. D. Shibulal, K Dinesh, Ashok Arora, and with N. S. Raghavan officially being the first employee of the company. The founders started the company with an initial investment of INR 10,000. The company was incorporated as "Infosys Consultants Pvt Ltd." in Model Colony, Pune as the registered office.

COMPANYS VISION

The Companys Vision Is: "To be a globally respected corporation that provides best-of breed, business solutions, leveraging technology, delivered by best-in-class people." And, its Mission is: "To achieve our objectives in an environment of fairness, honesty, and courtesy towards our clients, employees, vendors and society at large."

Infosys International Inc. is dedicated to providing the people, services and solutions our clients need to meet their information technology challenges and business goals. 1-Work to understand the needs and requirements of our clients before proposing a solution. 2-Develop responsive proposals that provide costeffective solutions to our clients needs 3-Deploy the right mix of people and products to deliver value-added services and solutions to our clients 4-Follow-up on the quality of our services and solutions to our clients 5- Appreciate the trust that our clients put in us as we work with them to improve their business and I.T

INDIAS INFOSYS: A CASE STUDY FOR ATTAINING BOTH ETHICAL EXCELLENCE AND BUSINESS SUCCESS IN A DEVELOPING COUNTRY.

Infosyss stresses that its operations are driven by key values that it calls C-LIFE:

1. Customer Delight 2. Leadership by Example 3. Integrity and Transparency 4. Fairness 5. Pursuit of Excellence

ETHICAL PRACTICES FOLLOWED

THE 2 MAIN AREAS WERE ETHICAL PRACTICES ARE FOLLOWED ARE :-

CORPORATE

GOVERNANCE POLICIES CORPORATE SOCIAL RESPONSIBILITY

1.Corporate Governance Policies

Infosys has been a pioneer in benchmarking its corporate governance practices with the best in the world. Given below are the company's policies on corporate governance:1. Board Composition 2. Board Meetings 3. Board Committees 4. Code of ethics for principal executive & senior financial officers. 5. Management review and responsibility. 6. Shareholders 7. Code of Business Conduct and Ethics

Corporate Social Responsibility

At Infosys, the distribution of wealth is as important as its legal and ethical creation. A strong sense of social responsibility is therefore an integral part of their value system.
COMMUNITY SERVICE INFOSYS FOUNDATION SOCIAL COMMITMENT IN EDUCATION CHARITY ORGANIZATION OF CATCH THEM YOUNG PROGRAM AND WHARTON INFOSYS SCHOOL TRANSFORMATION AWARD

CRISIL :
ICRA:

CRISIL has been consistently assigning us the 'CRISIL GVC Level 1' rating over several years now. ICRA assigned 'CGR 1' rating to our corporate governance practices. The rating is the highest on ICRA's Corporate Governance Rating (CGR) scale of CGR 1 to CGR 6. We are the first company in India to be assigned the highest CGR by ICRA. Corporate governance guidelines : Over the years, the Board has developed corporate governance guidelines to help fulfill our corporate responsibility with The stakeholders.

RESULTS / OUTCOME
Infosys is ranked 28th globally in the list of IT services providing firms. Infosys was the only Indian company to win the Global MAKE (Most Admired Knowledge Enterprises) award for the years 2003, 2004 and 2005, and is inducted into the Global Hall of Fame for the same. In 2001, it was rated Best Employer in India by Business Today Infosys was rated best employer to work for in 2000, 2001, and 2002 by Hewitt . Associates. In 2007, Infosys received over 1.3 million applications and hired fewer than 3% of applicants

RESULTS / OUTCOME
Infosys is the second largest IT company in India. Infosys is the fourth biggest company in India in market wealth. Infosys has the largest corporate education center in the world in Mysore. It can accommodate 14000 candidates at one time.

Operating income US$ 1.779 billion (2011) Revenue US$ 6.041 billion (2011) Profit US$ 1.499 billion (2011) Total assets US$ 7.010 billion (2011) Total equity US$ 6.122 billion (2011) Employees 133,560 (March 2011)

BIBLOGRAPHY
Source: www.EthicsWorld.org EthicsWorld is a non-profit forum for information and views on the related fields of business ethics, CSR, governance, and anti-corruption www.infosys.com