Corporate India works to up its ethics quotient

Multinational and Indian companies team up to improve their compliance practices

India Inc is out to raise the bar in ethics, integrity and compliances. Last week, a dozen-odd companies joined hands to set up the Business Ethics Leadership Alliance (BELA), along with US-based think tank Ethisphere.
 
The idea is to help companies measure, codify, improve and streamline their compliance programmes and benchmark these with global best practices. The plan is to enable businesses to rate themselves on their ethics and compliance practices.
 
“Our research shows that companies with strong ethical cultures and ethics and compliance programmes perform better overall. For example, the publicly traded companies on our 2017 World’s