Jamshedpur, Nov. 24: Senior journalist and Chairman and founding editor of Mediascape Group Shekhar Gupta said that news based on facts and reliable sources will always be hit among readers. News stories made through short cuts gives popularity but for a short period of time, hence one should be caution while making news.
Speaking on 24 th annual JRD Tata Oration on Business Ethics on the topic “Changing Role of Media in Today’s India” at XLRI on Tuesday, Mr. Gupta said the virtual media today has both advantages and disadvantages. He also shared his reporting experiences. Mr. Gupta also said that several media owners today are industrialists and they have owned news channel just to serve their business interest. The trend of 24/7 news channel is fast growing in India but without facts and half baked stories they wouldn’t sustain for long.
Earlier, in his welcome address, Fr. E Abraham, S. J. Director of XLRI said, “While Ethics is a set of principles of right conduct or a system of moral principles, Business ethics in particular can be regarded as the study of business situations, activities, and decisions where issues of right and wrong are addressed.
Ethics in most of the cases runs parallel to law and shows due consideration to others rights and interests in a civilized society. The culture of an organization is set by the tone at the top. Chief executives must lead by example. The senior management also needs to be trained to develop ethical sensitivity – an understanding of fairness, openness, transparency, integrity, responsibility to others and the ability to recognize conflicts of interest.”
“XLRI has always emphasized on the importance of adopting an ethical code of conduct within the corporate world. We believe that no management education curriculum is really complete, unless and until the students are instilled with a set of values that are necessary decision-making ingredients for the corporate manager today. It is for this reason that a core course on “Managerial Ethics” is offered to all our students at XLRI. It is our firm belief that Ethical behavior must begin at the very top of every organization. It is largely a leadership issue and the CEO must set the tone and set an example which would ultimately lead to a more humane and just society,” he further added.
In his address, Mr. T. V. Narendran, Chairman, Board of Governors, XLRI observed, “Ethics encompasses the entire spectrum of human conduct. However, today, ethical deficit and lack of integrity in public affairs has become such a major issue that public confidence and trust in public officials and private organizations have taken a severe beating in our nation.
In fact, the slow growth of the Indian economy in recent years is also partly attributed to the policy-making stalemate as a consequence of greater scrutiny and focus on unethical transactions in the private and public sphere.
Therefore, it is most fitting that we pause for a while this afternoon to dwell upon the impeccable legacy of ethical public life left behind by giants of industry like JRD Tata and other stalwarts.”
The session was also attended by Dr. Pranabesh Ray, Dean [Academics] at XLRI and Fr. Oswald Mascarenhas, S.J, JRD Tata Chair Professor of Business Ethics at XLRI.