A Business Ethics Practices Conclave with the theme “Relating Ancient Indian ethical values in the Era of Emerging Technologies and Digitalization” took place at Adithya School of Business Management in Coimbatore on June 19, 2023. The event was organized under the guidance of Er Sukumaran, Chairman, Praveen Kumar, and Srinidhi Praveen Kumar, Managing Trustees. Students and faculty members of the institution participated in the conclave.
Sundarapandiyan Natarajan delivered the opening address, highlighting various aspects of ethical practices, codes of conduct, principled management of global organizations, and corporate social responsibility initiatives for societal development. Kulandaiswamy, Secretary served as the special guest and delivered a speech emphasizing how ethics are deeply rooted in Indian ethos. He referred to the philosophy of life advocated by the great Tamil Poet Thiruvalluvar, who emphasized the importance of ethics in every aspect of life.
The conclave featured over 60 presentations on various corporate Business Ethics Practices. It was emphasized that fair Business Ethics practices are crucial for the betterment of all stakeholders and that lack of such practices is a major reason for business failures today. The event highlighted the need for continuous practice and adherence to ethical principles in business.
The discussions also focused on the concept of ethics in business, encompassing areas beyond trading, such as avoiding adulteration and unfair trade practices, providing fair wages to workers, contributing to community development, and maintaining transparency in financial matters, accounts, and tax compliance. These dimensions, as outlined in Tamil Literature, were seen as a framework for evaluating Business Ethics Practices in the present-day context.