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			'title' => 'Business Ethics: Challenges In Implementation',
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			'content' => '<div>
	<strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">Though over 100 business companies have made a commitment towards the Business Code of Conduct (CoC) which was introduced by the National Business Initiative (NBI) last week in the Capital, implementation of such a self-abiding code will not be an easy task.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Birjung Chamber of Commerce and Industry (BCCI), Hotel Association Nepal (HAN), Nepal Gas Dealers&rsquo; Association (NGDA), and Nepal Association of Foreign Employment Agencies (NAFEA) are some of the leading business associations that have endorsed the CoC. A recently conducted survey of Kathmandu-based companies entitled &lsquo;Ethical Business Practice in Nepal&rsquo; by NBI has found only 7 per cent of the companies following business ethics, while 41 per cent of the sample were found weak in this. Likewise, 52 per cent of the sample was found to have attempted to implement the CoC and partially following it.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Jyoti Baniya, general secretary of Forum for Protection of Consumer Rights, expressed doubt regarding the sincere implementation of the CoC by the business community. &ldquo;Some tangible differences in behaviour should have been discerned these past few days,&rdquo; Baniya told &nbsp;The Corporate. &ldquo;They (business houses) did not even think it necessary to place a framed copy of the CoC on their walls.&rdquo; He, however, welcomes the initiative of the business community to come up with the CoC.</div>
<div>
	This finding of the survey indicates that the implementation of CoC is fraught with challenges.</div>
<div>
	&nbsp;</div>
<div>
	There are doubts as to whether companies will duly follow the provisions stated in the CoC at a time when there are allegations upon some of them that they are flouting the business laws of the country.Some member companies of the associations that endorsed the CoC have come under the government&rsquo;s scanner for their unscrupulous deeds.</div>
<div>
	&nbsp;</div>
<div>
	Gas dealers, transport entrepreneurs, gold merchants, are alleged of carteling, syndicates, adulteration, tax evasion and other malpractices.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	However, Saroj Prasad Pandey, coordinator of the CoC campaign at the NBI, claims that he was very hopeful for its implementation. &ldquo;The endorsement by over 100 business associations and an overwhelming support from the government, political parties, labour unions, the media and people within a week showed that the CoC can be implemented,&rdquo; he said. Pandey informed that they will soon form a joint committee comprising representatives from various business sectors to supervise and evaluate the implementation of the CoC.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Although bringing the CoC is a positive step towards winning the trust of consumers, consumer right advocates, however, say that its implementation will fully depend on the will-power of business firms and the support from political parties and the government.</div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		<span style="font-size:14px;"><strong>Some Provisions in the Business CoC</strong></span></div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Consumer Rights:</strong></div>
	<div>
		<span style="font-size: 12px;">-Commitment to consumers rights</span></div>
	<div>
		-Products and services to address the security and satisfaction of consumers&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Competitive Market:</strong></div>
	<div>
		-Advocate for open and market-oriented economy</div>
	<div>
		-Believe in healthy, fair competition and will support implementation of related laws</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Taxation:</strong></div>
	<div>
		-Express commitment for timely payment of taxes</div>
	<div>
		-Make accounts transparent</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Labour Management:</strong></div>
	<div>
		-Respect legitimate demands of labour but no support to acts that harm the business</div>
	<div>
		-Believe labour disputes can be sorted through tripartite dialogue between government, labour representatives and business owners</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Environment Protection</strong>:</div>
	<div>
		-Strive for sustainable business development&nbsp;</div>
	<div>
		-Strive for promotion of environment-friendly business</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Corruption Control:&nbsp;</strong></div>
	<div>
		-Neither support nor oppose political parties; will not give donation, presents, services or facilities to any political party or person for future gain</div>
	<div>
		-Will not bribe, gift, donate directly or indirectly for business and financial advantage</div>
	<div>
		&nbsp;</div>
</div>
<p>
	&nbsp;</p>',
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		'title' => 'Business Ethics: Challenges In Implementation',
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		'summary' => null,
		'content' => '<div>
	<strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">Though over 100 business companies have made a commitment towards the Business Code of Conduct (CoC) which was introduced by the National Business Initiative (NBI) last week in the Capital, implementation of such a self-abiding code will not be an easy task.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Birjung Chamber of Commerce and Industry (BCCI), Hotel Association Nepal (HAN), Nepal Gas Dealers&rsquo; Association (NGDA), and Nepal Association of Foreign Employment Agencies (NAFEA) are some of the leading business associations that have endorsed the CoC. A recently conducted survey of Kathmandu-based companies entitled &lsquo;Ethical Business Practice in Nepal&rsquo; by NBI has found only 7 per cent of the companies following business ethics, while 41 per cent of the sample were found weak in this. Likewise, 52 per cent of the sample was found to have attempted to implement the CoC and partially following it.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Jyoti Baniya, general secretary of Forum for Protection of Consumer Rights, expressed doubt regarding the sincere implementation of the CoC by the business community. &ldquo;Some tangible differences in behaviour should have been discerned these past few days,&rdquo; Baniya told &nbsp;The Corporate. &ldquo;They (business houses) did not even think it necessary to place a framed copy of the CoC on their walls.&rdquo; He, however, welcomes the initiative of the business community to come up with the CoC.</div>
<div>
	This finding of the survey indicates that the implementation of CoC is fraught with challenges.</div>
<div>
	&nbsp;</div>
<div>
	There are doubts as to whether companies will duly follow the provisions stated in the CoC at a time when there are allegations upon some of them that they are flouting the business laws of the country.Some member companies of the associations that endorsed the CoC have come under the government&rsquo;s scanner for their unscrupulous deeds.</div>
<div>
	&nbsp;</div>
<div>
	Gas dealers, transport entrepreneurs, gold merchants, are alleged of carteling, syndicates, adulteration, tax evasion and other malpractices.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	However, Saroj Prasad Pandey, coordinator of the CoC campaign at the NBI, claims that he was very hopeful for its implementation. &ldquo;The endorsement by over 100 business associations and an overwhelming support from the government, political parties, labour unions, the media and people within a week showed that the CoC can be implemented,&rdquo; he said. Pandey informed that they will soon form a joint committee comprising representatives from various business sectors to supervise and evaluate the implementation of the CoC.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Although bringing the CoC is a positive step towards winning the trust of consumers, consumer right advocates, however, say that its implementation will fully depend on the will-power of business firms and the support from political parties and the government.</div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		<span style="font-size:14px;"><strong>Some Provisions in the Business CoC</strong></span></div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Consumer Rights:</strong></div>
	<div>
		<span style="font-size: 12px;">-Commitment to consumers rights</span></div>
	<div>
		-Products and services to address the security and satisfaction of consumers&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Competitive Market:</strong></div>
	<div>
		-Advocate for open and market-oriented economy</div>
	<div>
		-Believe in healthy, fair competition and will support implementation of related laws</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Taxation:</strong></div>
	<div>
		-Express commitment for timely payment of taxes</div>
	<div>
		-Make accounts transparent</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Labour Management:</strong></div>
	<div>
		-Respect legitimate demands of labour but no support to acts that harm the business</div>
	<div>
		-Believe labour disputes can be sorted through tripartite dialogue between government, labour representatives and business owners</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Environment Protection</strong>:</div>
	<div>
		-Strive for sustainable business development&nbsp;</div>
	<div>
		-Strive for promotion of environment-friendly business</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Corruption Control:&nbsp;</strong></div>
	<div>
		-Neither support nor oppose political parties; will not give donation, presents, services or facilities to any political party or person for future gain</div>
	<div>
		-Will not bribe, gift, donate directly or indirectly for business and financial advantage</div>
	<div>
		&nbsp;</div>
</div>
<p>
	&nbsp;</p>',
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			'content' => '<div>
	<strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">Though over 100 business companies have made a commitment towards the Business Code of Conduct (CoC) which was introduced by the National Business Initiative (NBI) last week in the Capital, implementation of such a self-abiding code will not be an easy task.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Birjung Chamber of Commerce and Industry (BCCI), Hotel Association Nepal (HAN), Nepal Gas Dealers&rsquo; Association (NGDA), and Nepal Association of Foreign Employment Agencies (NAFEA) are some of the leading business associations that have endorsed the CoC. A recently conducted survey of Kathmandu-based companies entitled &lsquo;Ethical Business Practice in Nepal&rsquo; by NBI has found only 7 per cent of the companies following business ethics, while 41 per cent of the sample were found weak in this. Likewise, 52 per cent of the sample was found to have attempted to implement the CoC and partially following it.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Jyoti Baniya, general secretary of Forum for Protection of Consumer Rights, expressed doubt regarding the sincere implementation of the CoC by the business community. &ldquo;Some tangible differences in behaviour should have been discerned these past few days,&rdquo; Baniya told &nbsp;The Corporate. &ldquo;They (business houses) did not even think it necessary to place a framed copy of the CoC on their walls.&rdquo; He, however, welcomes the initiative of the business community to come up with the CoC.</div>
<div>
	This finding of the survey indicates that the implementation of CoC is fraught with challenges.</div>
<div>
	&nbsp;</div>
<div>
	There are doubts as to whether companies will duly follow the provisions stated in the CoC at a time when there are allegations upon some of them that they are flouting the business laws of the country.Some member companies of the associations that endorsed the CoC have come under the government&rsquo;s scanner for their unscrupulous deeds.</div>
<div>
	&nbsp;</div>
<div>
	Gas dealers, transport entrepreneurs, gold merchants, are alleged of carteling, syndicates, adulteration, tax evasion and other malpractices.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	However, Saroj Prasad Pandey, coordinator of the CoC campaign at the NBI, claims that he was very hopeful for its implementation. &ldquo;The endorsement by over 100 business associations and an overwhelming support from the government, political parties, labour unions, the media and people within a week showed that the CoC can be implemented,&rdquo; he said. Pandey informed that they will soon form a joint committee comprising representatives from various business sectors to supervise and evaluate the implementation of the CoC.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Although bringing the CoC is a positive step towards winning the trust of consumers, consumer right advocates, however, say that its implementation will fully depend on the will-power of business firms and the support from political parties and the government.</div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		<span style="font-size:14px;"><strong>Some Provisions in the Business CoC</strong></span></div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Consumer Rights:</strong></div>
	<div>
		<span style="font-size: 12px;">-Commitment to consumers rights</span></div>
	<div>
		-Products and services to address the security and satisfaction of consumers&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Competitive Market:</strong></div>
	<div>
		-Advocate for open and market-oriented economy</div>
	<div>
		-Believe in healthy, fair competition and will support implementation of related laws</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Taxation:</strong></div>
	<div>
		-Express commitment for timely payment of taxes</div>
	<div>
		-Make accounts transparent</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Labour Management:</strong></div>
	<div>
		-Respect legitimate demands of labour but no support to acts that harm the business</div>
	<div>
		-Believe labour disputes can be sorted through tripartite dialogue between government, labour representatives and business owners</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Environment Protection</strong>:</div>
	<div>
		-Strive for sustainable business development&nbsp;</div>
	<div>
		-Strive for promotion of environment-friendly business</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Corruption Control:&nbsp;</strong></div>
	<div>
		-Neither support nor oppose political parties; will not give donation, presents, services or facilities to any political party or person for future gain</div>
	<div>
		-Will not bribe, gift, donate directly or indirectly for business and financial advantage</div>
	<div>
		&nbsp;</div>
</div>
<p>
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		'title' => 'Business Ethics: Challenges In Implementation',
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		'summary' => null,
		'content' => '<div>
	<strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">Though over 100 business companies have made a commitment towards the Business Code of Conduct (CoC) which was introduced by the National Business Initiative (NBI) last week in the Capital, implementation of such a self-abiding code will not be an easy task.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Birjung Chamber of Commerce and Industry (BCCI), Hotel Association Nepal (HAN), Nepal Gas Dealers&rsquo; Association (NGDA), and Nepal Association of Foreign Employment Agencies (NAFEA) are some of the leading business associations that have endorsed the CoC. A recently conducted survey of Kathmandu-based companies entitled &lsquo;Ethical Business Practice in Nepal&rsquo; by NBI has found only 7 per cent of the companies following business ethics, while 41 per cent of the sample were found weak in this. Likewise, 52 per cent of the sample was found to have attempted to implement the CoC and partially following it.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Jyoti Baniya, general secretary of Forum for Protection of Consumer Rights, expressed doubt regarding the sincere implementation of the CoC by the business community. &ldquo;Some tangible differences in behaviour should have been discerned these past few days,&rdquo; Baniya told &nbsp;The Corporate. &ldquo;They (business houses) did not even think it necessary to place a framed copy of the CoC on their walls.&rdquo; He, however, welcomes the initiative of the business community to come up with the CoC.</div>
<div>
	This finding of the survey indicates that the implementation of CoC is fraught with challenges.</div>
<div>
	&nbsp;</div>
<div>
	There are doubts as to whether companies will duly follow the provisions stated in the CoC at a time when there are allegations upon some of them that they are flouting the business laws of the country.Some member companies of the associations that endorsed the CoC have come under the government&rsquo;s scanner for their unscrupulous deeds.</div>
<div>
	&nbsp;</div>
<div>
	Gas dealers, transport entrepreneurs, gold merchants, are alleged of carteling, syndicates, adulteration, tax evasion and other malpractices.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
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	&nbsp;</div>
<div>
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<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		<span style="font-size:14px;"><strong>Some Provisions in the Business CoC</strong></span></div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Consumer Rights:</strong></div>
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		<span style="font-size: 12px;">-Commitment to consumers rights</span></div>
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	<strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div>
<div>
	&nbsp;</div>
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	<span style="font-size: 12px;">Though over 100 business companies have made a commitment towards the Business Code of Conduct (CoC) which was introduced by the National Business Initiative (NBI) last week in the Capital, implementation of such a self-abiding code will not be an easy task.&nbsp;</span></div>
<div>
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<div>
	The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Birjung Chamber of Commerce and Industry (BCCI), Hotel Association Nepal (HAN), Nepal Gas Dealers&rsquo; Association (NGDA), and Nepal Association of Foreign Employment Agencies (NAFEA) are some of the leading business associations that have endorsed the CoC. A recently conducted survey of Kathmandu-based companies entitled &lsquo;Ethical Business Practice in Nepal&rsquo; by NBI has found only 7 per cent of the companies following business ethics, while 41 per cent of the sample were found weak in this. Likewise, 52 per cent of the sample was found to have attempted to implement the CoC and partially following it.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Jyoti Baniya, general secretary of Forum for Protection of Consumer Rights, expressed doubt regarding the sincere implementation of the CoC by the business community. &ldquo;Some tangible differences in behaviour should have been discerned these past few days,&rdquo; Baniya told &nbsp;The Corporate. &ldquo;They (business houses) did not even think it necessary to place a framed copy of the CoC on their walls.&rdquo; He, however, welcomes the initiative of the business community to come up with the CoC.</div>
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	&nbsp;</div>
<div>
	There are doubts as to whether companies will duly follow the provisions stated in the CoC at a time when there are allegations upon some of them that they are flouting the business laws of the country.Some member companies of the associations that endorsed the CoC have come under the government&rsquo;s scanner for their unscrupulous deeds.</div>
<div>
	&nbsp;</div>
<div>
	Gas dealers, transport entrepreneurs, gold merchants, are alleged of carteling, syndicates, adulteration, tax evasion and other malpractices.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	However, Saroj Prasad Pandey, coordinator of the CoC campaign at the NBI, claims that he was very hopeful for its implementation. &ldquo;The endorsement by over 100 business associations and an overwhelming support from the government, political parties, labour unions, the media and people within a week showed that the CoC can be implemented,&rdquo; he said. Pandey informed that they will soon form a joint committee comprising representatives from various business sectors to supervise and evaluate the implementation of the CoC.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Although bringing the CoC is a positive step towards winning the trust of consumers, consumer right advocates, however, say that its implementation will fully depend on the will-power of business firms and the support from political parties and the government.</div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		<span style="font-size:14px;"><strong>Some Provisions in the Business CoC</strong></span></div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Consumer Rights:</strong></div>
	<div>
		<span style="font-size: 12px;">-Commitment to consumers rights</span></div>
	<div>
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		<strong>Taxation:</strong></div>
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	<strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">Though over 100 business companies have made a commitment towards the Business Code of Conduct (CoC) which was introduced by the National Business Initiative (NBI) last week in the Capital, implementation of such a self-abiding code will not be an easy task.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Birjung Chamber of Commerce and Industry (BCCI), Hotel Association Nepal (HAN), Nepal Gas Dealers&rsquo; Association (NGDA), and Nepal Association of Foreign Employment Agencies (NAFEA) are some of the leading business associations that have endorsed the CoC. A recently conducted survey of Kathmandu-based companies entitled &lsquo;Ethical Business Practice in Nepal&rsquo; by NBI has found only 7 per cent of the companies following business ethics, while 41 per cent of the sample were found weak in this. Likewise, 52 per cent of the sample was found to have attempted to implement the CoC and partially following it.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Jyoti Baniya, general secretary of Forum for Protection of Consumer Rights, expressed doubt regarding the sincere implementation of the CoC by the business community. &ldquo;Some tangible differences in behaviour should have been discerned these past few days,&rdquo; Baniya told &nbsp;The Corporate. &ldquo;They (business houses) did not even think it necessary to place a framed copy of the CoC on their walls.&rdquo; He, however, welcomes the initiative of the business community to come up with the CoC.</div>
<div>
	This finding of the survey indicates that the implementation of CoC is fraught with challenges.</div>
<div>
	&nbsp;</div>
<div>
	There are doubts as to whether companies will duly follow the provisions stated in the CoC at a time when there are allegations upon some of them that they are flouting the business laws of the country.Some member companies of the associations that endorsed the CoC have come under the government&rsquo;s scanner for their unscrupulous deeds.</div>
<div>
	&nbsp;</div>
<div>
	Gas dealers, transport entrepreneurs, gold merchants, are alleged of carteling, syndicates, adulteration, tax evasion and other malpractices.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	However, Saroj Prasad Pandey, coordinator of the CoC campaign at the NBI, claims that he was very hopeful for its implementation. &ldquo;The endorsement by over 100 business associations and an overwhelming support from the government, political parties, labour unions, the media and people within a week showed that the CoC can be implemented,&rdquo; he said. Pandey informed that they will soon form a joint committee comprising representatives from various business sectors to supervise and evaluate the implementation of the CoC.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Although bringing the CoC is a positive step towards winning the trust of consumers, consumer right advocates, however, say that its implementation will fully depend on the will-power of business firms and the support from political parties and the government.</div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		<span style="font-size:14px;"><strong>Some Provisions in the Business CoC</strong></span></div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Consumer Rights:</strong></div>
	<div>
		<span style="font-size: 12px;">-Commitment to consumers rights</span></div>
	<div>
		-Products and services to address the security and satisfaction of consumers&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Competitive Market:</strong></div>
	<div>
		-Advocate for open and market-oriented economy</div>
	<div>
		-Believe in healthy, fair competition and will support implementation of related laws</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Taxation:</strong></div>
	<div>
		-Express commitment for timely payment of taxes</div>
	<div>
		-Make accounts transparent</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Labour Management:</strong></div>
	<div>
		-Respect legitimate demands of labour but no support to acts that harm the business</div>
	<div>
		-Believe labour disputes can be sorted through tripartite dialogue between government, labour representatives and business owners</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Environment Protection</strong>:</div>
	<div>
		-Strive for sustainable business development&nbsp;</div>
	<div>
		-Strive for promotion of environment-friendly business</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Corruption Control:&nbsp;</strong></div>
	<div>
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	<div>
		-Will not bribe, gift, donate directly or indirectly for business and financial advantage</div>
	<div>
		&nbsp;</div>
</div>
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Main News

Business Ethics: Challenges In Implementation

Nov 30, -0001 3 min 39 sec to read

--By Sagar Ghimire

Though over 100 business companies have made a commitment towards the Business Code of Conduct (CoC) which was introduced by the National Business Initiative (NBI) last week in the Capital, implementation of such a self-abiding code will not be an easy task.

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Birjung Chamber of Commerce and Industry (BCCI), Hotel Association Nepal (HAN), Nepal Gas Dealers’ Association (NGDA), and Nepal Association of Foreign Employment Agencies (NAFEA) are some of the leading business associations that have endorsed the CoC. A recently conducted survey of Kathmandu-based companies entitled ‘Ethical Business Practice in Nepal’ by NBI has found only 7 per cent of the companies following business ethics, while 41 per cent of the sample were found weak in this. Likewise, 52 per cent of the sample was found to have attempted to implement the CoC and partially following it.

Jyoti Baniya, general secretary of Forum for Protection of Consumer Rights, expressed doubt regarding the sincere implementation of the CoC by the business community. “Some tangible differences in behaviour should have been discerned these past few days,” Baniya told The Corporate. “They (business houses) did not even think it necessary to place a framed copy of the CoC on their walls.” He, however, welcomes the initiative of the business community to come up with the CoC.

This finding of the survey indicates that the implementation of CoC is fraught with challenges.

There are doubts as to whether companies will duly follow the provisions stated in the CoC at a time when there are allegations upon some of them that they are flouting the business laws of the country.Some member companies of the associations that endorsed the CoC have come under the government’s scanner for their unscrupulous deeds.

Gas dealers, transport entrepreneurs, gold merchants, are alleged of carteling, syndicates, adulteration, tax evasion and other malpractices.

However, Saroj Prasad Pandey, coordinator of the CoC campaign at the NBI, claims that he was very hopeful for its implementation. “The endorsement by over 100 business associations and an overwhelming support from the government, political parties, labour unions, the media and people within a week showed that the CoC can be implemented,” he said. Pandey informed that they will soon form a joint committee comprising representatives from various business sectors to supervise and evaluate the implementation of the CoC.

Although bringing the CoC is a positive step towards winning the trust of consumers, consumer right advocates, however, say that its implementation will fully depend on the will-power of business firms and the support from political parties and the government.

Some Provisions in the Business CoC

Consumer Rights:

-Commitment to consumers rights

-Products and services to address the security and satisfaction of consumers

Competitive Market:

-Advocate for open and market-oriented economy

-Believe in healthy, fair competition and will support implementation of related laws

Taxation:

-Express commitment for timely payment of taxes

-Make accounts transparent

Labour Management:

-Respect legitimate demands of labour but no support to acts that harm the business

-Believe labour disputes can be sorted through tripartite dialogue between government, labour representatives and business owners

Environment Protection:

-Strive for sustainable business development

-Strive for promotion of environment-friendly business

Corruption Control:

-Neither support nor oppose political parties; will not give donation, presents, services or facilities to any political party or person for future gain

-Will not bribe, gift, donate directly or indirectly for business and financial advantage

Laxmi Hyundai Bags 2015 Excellent Sales Award-Asia Pacific

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			'content' => '<div>
	<strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">Though over 100 business companies have made a commitment towards the Business Code of Conduct (CoC) which was introduced by the National Business Initiative (NBI) last week in the Capital, implementation of such a self-abiding code will not be an easy task.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Birjung Chamber of Commerce and Industry (BCCI), Hotel Association Nepal (HAN), Nepal Gas Dealers&rsquo; Association (NGDA), and Nepal Association of Foreign Employment Agencies (NAFEA) are some of the leading business associations that have endorsed the CoC. A recently conducted survey of Kathmandu-based companies entitled &lsquo;Ethical Business Practice in Nepal&rsquo; by NBI has found only 7 per cent of the companies following business ethics, while 41 per cent of the sample were found weak in this. Likewise, 52 per cent of the sample was found to have attempted to implement the CoC and partially following it.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Jyoti Baniya, general secretary of Forum for Protection of Consumer Rights, expressed doubt regarding the sincere implementation of the CoC by the business community. &ldquo;Some tangible differences in behaviour should have been discerned these past few days,&rdquo; Baniya told &nbsp;The Corporate. &ldquo;They (business houses) did not even think it necessary to place a framed copy of the CoC on their walls.&rdquo; He, however, welcomes the initiative of the business community to come up with the CoC.</div>
<div>
	This finding of the survey indicates that the implementation of CoC is fraught with challenges.</div>
<div>
	&nbsp;</div>
<div>
	There are doubts as to whether companies will duly follow the provisions stated in the CoC at a time when there are allegations upon some of them that they are flouting the business laws of the country.Some member companies of the associations that endorsed the CoC have come under the government&rsquo;s scanner for their unscrupulous deeds.</div>
<div>
	&nbsp;</div>
<div>
	Gas dealers, transport entrepreneurs, gold merchants, are alleged of carteling, syndicates, adulteration, tax evasion and other malpractices.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	However, Saroj Prasad Pandey, coordinator of the CoC campaign at the NBI, claims that he was very hopeful for its implementation. &ldquo;The endorsement by over 100 business associations and an overwhelming support from the government, political parties, labour unions, the media and people within a week showed that the CoC can be implemented,&rdquo; he said. Pandey informed that they will soon form a joint committee comprising representatives from various business sectors to supervise and evaluate the implementation of the CoC.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Although bringing the CoC is a positive step towards winning the trust of consumers, consumer right advocates, however, say that its implementation will fully depend on the will-power of business firms and the support from political parties and the government.</div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		<span style="font-size:14px;"><strong>Some Provisions in the Business CoC</strong></span></div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Consumer Rights:</strong></div>
	<div>
		<span style="font-size: 12px;">-Commitment to consumers rights</span></div>
	<div>
		-Products and services to address the security and satisfaction of consumers&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Competitive Market:</strong></div>
	<div>
		-Advocate for open and market-oriented economy</div>
	<div>
		-Believe in healthy, fair competition and will support implementation of related laws</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Taxation:</strong></div>
	<div>
		-Express commitment for timely payment of taxes</div>
	<div>
		-Make accounts transparent</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Labour Management:</strong></div>
	<div>
		-Respect legitimate demands of labour but no support to acts that harm the business</div>
	<div>
		-Believe labour disputes can be sorted through tripartite dialogue between government, labour representatives and business owners</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Environment Protection</strong>:</div>
	<div>
		-Strive for sustainable business development&nbsp;</div>
	<div>
		-Strive for promotion of environment-friendly business</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Corruption Control:&nbsp;</strong></div>
	<div>
		-Neither support nor oppose political parties; will not give donation, presents, services or facilities to any political party or person for future gain</div>
	<div>
		-Will not bribe, gift, donate directly or indirectly for business and financial advantage</div>
	<div>
		&nbsp;</div>
</div>
<p>
	&nbsp;</p>',
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	<strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">Though over 100 business companies have made a commitment towards the Business Code of Conduct (CoC) which was introduced by the National Business Initiative (NBI) last week in the Capital, implementation of such a self-abiding code will not be an easy task.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Birjung Chamber of Commerce and Industry (BCCI), Hotel Association Nepal (HAN), Nepal Gas Dealers&rsquo; Association (NGDA), and Nepal Association of Foreign Employment Agencies (NAFEA) are some of the leading business associations that have endorsed the CoC. A recently conducted survey of Kathmandu-based companies entitled &lsquo;Ethical Business Practice in Nepal&rsquo; by NBI has found only 7 per cent of the companies following business ethics, while 41 per cent of the sample were found weak in this. Likewise, 52 per cent of the sample was found to have attempted to implement the CoC and partially following it.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Jyoti Baniya, general secretary of Forum for Protection of Consumer Rights, expressed doubt regarding the sincere implementation of the CoC by the business community. &ldquo;Some tangible differences in behaviour should have been discerned these past few days,&rdquo; Baniya told &nbsp;The Corporate. &ldquo;They (business houses) did not even think it necessary to place a framed copy of the CoC on their walls.&rdquo; He, however, welcomes the initiative of the business community to come up with the CoC.</div>
<div>
	This finding of the survey indicates that the implementation of CoC is fraught with challenges.</div>
<div>
	&nbsp;</div>
<div>
	There are doubts as to whether companies will duly follow the provisions stated in the CoC at a time when there are allegations upon some of them that they are flouting the business laws of the country.Some member companies of the associations that endorsed the CoC have come under the government&rsquo;s scanner for their unscrupulous deeds.</div>
<div>
	&nbsp;</div>
<div>
	Gas dealers, transport entrepreneurs, gold merchants, are alleged of carteling, syndicates, adulteration, tax evasion and other malpractices.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	However, Saroj Prasad Pandey, coordinator of the CoC campaign at the NBI, claims that he was very hopeful for its implementation. &ldquo;The endorsement by over 100 business associations and an overwhelming support from the government, political parties, labour unions, the media and people within a week showed that the CoC can be implemented,&rdquo; he said. Pandey informed that they will soon form a joint committee comprising representatives from various business sectors to supervise and evaluate the implementation of the CoC.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Although bringing the CoC is a positive step towards winning the trust of consumers, consumer right advocates, however, say that its implementation will fully depend on the will-power of business firms and the support from political parties and the government.</div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		<span style="font-size:14px;"><strong>Some Provisions in the Business CoC</strong></span></div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Consumer Rights:</strong></div>
	<div>
		<span style="font-size: 12px;">-Commitment to consumers rights</span></div>
	<div>
		-Products and services to address the security and satisfaction of consumers&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Competitive Market:</strong></div>
	<div>
		-Advocate for open and market-oriented economy</div>
	<div>
		-Believe in healthy, fair competition and will support implementation of related laws</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Taxation:</strong></div>
	<div>
		-Express commitment for timely payment of taxes</div>
	<div>
		-Make accounts transparent</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Labour Management:</strong></div>
	<div>
		-Respect legitimate demands of labour but no support to acts that harm the business</div>
	<div>
		-Believe labour disputes can be sorted through tripartite dialogue between government, labour representatives and business owners</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Environment Protection</strong>:</div>
	<div>
		-Strive for sustainable business development&nbsp;</div>
	<div>
		-Strive for promotion of environment-friendly business</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Corruption Control:&nbsp;</strong></div>
	<div>
		-Neither support nor oppose political parties; will not give donation, presents, services or facilities to any political party or person for future gain</div>
	<div>
		-Will not bribe, gift, donate directly or indirectly for business and financial advantage</div>
	<div>
		&nbsp;</div>
</div>
<p>
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	<strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">Though over 100 business companies have made a commitment towards the Business Code of Conduct (CoC) which was introduced by the National Business Initiative (NBI) last week in the Capital, implementation of such a self-abiding code will not be an easy task.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Birjung Chamber of Commerce and Industry (BCCI), Hotel Association Nepal (HAN), Nepal Gas Dealers&rsquo; Association (NGDA), and Nepal Association of Foreign Employment Agencies (NAFEA) are some of the leading business associations that have endorsed the CoC. A recently conducted survey of Kathmandu-based companies entitled &lsquo;Ethical Business Practice in Nepal&rsquo; by NBI has found only 7 per cent of the companies following business ethics, while 41 per cent of the sample were found weak in this. Likewise, 52 per cent of the sample was found to have attempted to implement the CoC and partially following it.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Jyoti Baniya, general secretary of Forum for Protection of Consumer Rights, expressed doubt regarding the sincere implementation of the CoC by the business community. &ldquo;Some tangible differences in behaviour should have been discerned these past few days,&rdquo; Baniya told &nbsp;The Corporate. &ldquo;They (business houses) did not even think it necessary to place a framed copy of the CoC on their walls.&rdquo; He, however, welcomes the initiative of the business community to come up with the CoC.</div>
<div>
	This finding of the survey indicates that the implementation of CoC is fraught with challenges.</div>
<div>
	&nbsp;</div>
<div>
	There are doubts as to whether companies will duly follow the provisions stated in the CoC at a time when there are allegations upon some of them that they are flouting the business laws of the country.Some member companies of the associations that endorsed the CoC have come under the government&rsquo;s scanner for their unscrupulous deeds.</div>
<div>
	&nbsp;</div>
<div>
	Gas dealers, transport entrepreneurs, gold merchants, are alleged of carteling, syndicates, adulteration, tax evasion and other malpractices.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	However, Saroj Prasad Pandey, coordinator of the CoC campaign at the NBI, claims that he was very hopeful for its implementation. &ldquo;The endorsement by over 100 business associations and an overwhelming support from the government, political parties, labour unions, the media and people within a week showed that the CoC can be implemented,&rdquo; he said. Pandey informed that they will soon form a joint committee comprising representatives from various business sectors to supervise and evaluate the implementation of the CoC.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Although bringing the CoC is a positive step towards winning the trust of consumers, consumer right advocates, however, say that its implementation will fully depend on the will-power of business firms and the support from political parties and the government.</div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		<span style="font-size:14px;"><strong>Some Provisions in the Business CoC</strong></span></div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Consumer Rights:</strong></div>
	<div>
		<span style="font-size: 12px;">-Commitment to consumers rights</span></div>
	<div>
		-Products and services to address the security and satisfaction of consumers&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Competitive Market:</strong></div>
	<div>
		-Advocate for open and market-oriented economy</div>
	<div>
		-Believe in healthy, fair competition and will support implementation of related laws</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Taxation:</strong></div>
	<div>
		-Express commitment for timely payment of taxes</div>
	<div>
		-Make accounts transparent</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Labour Management:</strong></div>
	<div>
		-Respect legitimate demands of labour but no support to acts that harm the business</div>
	<div>
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	<div>
		&nbsp;</div>
	<div>
		<strong>Environment Protection</strong>:</div>
	<div>
		-Strive for sustainable business development&nbsp;</div>
	<div>
		-Strive for promotion of environment-friendly business</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Corruption Control:&nbsp;</strong></div>
	<div>
		-Neither support nor oppose political parties; will not give donation, presents, services or facilities to any political party or person for future gain</div>
	<div>
		-Will not bribe, gift, donate directly or indirectly for business and financial advantage</div>
	<div>
		&nbsp;</div>
</div>
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	<strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">Though over 100 business companies have made a commitment towards the Business Code of Conduct (CoC) which was introduced by the National Business Initiative (NBI) last week in the Capital, implementation of such a self-abiding code will not be an easy task.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Birjung Chamber of Commerce and Industry (BCCI), Hotel Association Nepal (HAN), Nepal Gas Dealers&rsquo; Association (NGDA), and Nepal Association of Foreign Employment Agencies (NAFEA) are some of the leading business associations that have endorsed the CoC. A recently conducted survey of Kathmandu-based companies entitled &lsquo;Ethical Business Practice in Nepal&rsquo; by NBI has found only 7 per cent of the companies following business ethics, while 41 per cent of the sample were found weak in this. Likewise, 52 per cent of the sample was found to have attempted to implement the CoC and partially following it.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Jyoti Baniya, general secretary of Forum for Protection of Consumer Rights, expressed doubt regarding the sincere implementation of the CoC by the business community. &ldquo;Some tangible differences in behaviour should have been discerned these past few days,&rdquo; Baniya told &nbsp;The Corporate. &ldquo;They (business houses) did not even think it necessary to place a framed copy of the CoC on their walls.&rdquo; He, however, welcomes the initiative of the business community to come up with the CoC.</div>
<div>
	This finding of the survey indicates that the implementation of CoC is fraught with challenges.</div>
<div>
	&nbsp;</div>
<div>
	There are doubts as to whether companies will duly follow the provisions stated in the CoC at a time when there are allegations upon some of them that they are flouting the business laws of the country.Some member companies of the associations that endorsed the CoC have come under the government&rsquo;s scanner for their unscrupulous deeds.</div>
<div>
	&nbsp;</div>
<div>
	Gas dealers, transport entrepreneurs, gold merchants, are alleged of carteling, syndicates, adulteration, tax evasion and other malpractices.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	However, Saroj Prasad Pandey, coordinator of the CoC campaign at the NBI, claims that he was very hopeful for its implementation. &ldquo;The endorsement by over 100 business associations and an overwhelming support from the government, political parties, labour unions, the media and people within a week showed that the CoC can be implemented,&rdquo; he said. Pandey informed that they will soon form a joint committee comprising representatives from various business sectors to supervise and evaluate the implementation of the CoC.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Although bringing the CoC is a positive step towards winning the trust of consumers, consumer right advocates, however, say that its implementation will fully depend on the will-power of business firms and the support from political parties and the government.</div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		<span style="font-size:14px;"><strong>Some Provisions in the Business CoC</strong></span></div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Consumer Rights:</strong></div>
	<div>
		<span style="font-size: 12px;">-Commitment to consumers rights</span></div>
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		-Products and services to address the security and satisfaction of consumers&nbsp;</div>
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	<div>
		<strong>Taxation:</strong></div>
	<div>
		-Express commitment for timely payment of taxes</div>
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	<div>
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	<div>
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	<strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">Though over 100 business companies have made a commitment towards the Business Code of Conduct (CoC) which was introduced by the National Business Initiative (NBI) last week in the Capital, implementation of such a self-abiding code will not be an easy task.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Birjung Chamber of Commerce and Industry (BCCI), Hotel Association Nepal (HAN), Nepal Gas Dealers&rsquo; Association (NGDA), and Nepal Association of Foreign Employment Agencies (NAFEA) are some of the leading business associations that have endorsed the CoC. A recently conducted survey of Kathmandu-based companies entitled &lsquo;Ethical Business Practice in Nepal&rsquo; by NBI has found only 7 per cent of the companies following business ethics, while 41 per cent of the sample were found weak in this. Likewise, 52 per cent of the sample was found to have attempted to implement the CoC and partially following it.&nbsp;</div>
<div>
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	Jyoti Baniya, general secretary of Forum for Protection of Consumer Rights, expressed doubt regarding the sincere implementation of the CoC by the business community. &ldquo;Some tangible differences in behaviour should have been discerned these past few days,&rdquo; Baniya told &nbsp;The Corporate. &ldquo;They (business houses) did not even think it necessary to place a framed copy of the CoC on their walls.&rdquo; He, however, welcomes the initiative of the business community to come up with the CoC.</div>
<div>
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<div>
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<div>
	&nbsp;</div>
<div>
	Gas dealers, transport entrepreneurs, gold merchants, are alleged of carteling, syndicates, adulteration, tax evasion and other malpractices.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
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<div>
	&nbsp;</div>
<div>
	Although bringing the CoC is a positive step towards winning the trust of consumers, consumer right advocates, however, say that its implementation will fully depend on the will-power of business firms and the support from political parties and the government.</div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		<span style="font-size:14px;"><strong>Some Provisions in the Business CoC</strong></span></div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Consumer Rights:</strong></div>
	<div>
		<span style="font-size: 12px;">-Commitment to consumers rights</span></div>
	<div>
		-Products and services to address the security and satisfaction of consumers&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Competitive Market:</strong></div>
	<div>
		-Advocate for open and market-oriented economy</div>
	<div>
		-Believe in healthy, fair competition and will support implementation of related laws</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Taxation:</strong></div>
	<div>
		-Express commitment for timely payment of taxes</div>
	<div>
		-Make accounts transparent</div>
	<div>
		&nbsp;</div>
	<div>
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	<div>
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	<div>
		-Strive for promotion of environment-friendly business</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Corruption Control:&nbsp;</strong></div>
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	<div>
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	<div>
		&nbsp;</div>
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	<strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">Though over 100 business companies have made a commitment towards the Business Code of Conduct (CoC) which was introduced by the National Business Initiative (NBI) last week in the Capital, implementation of such a self-abiding code will not be an easy task.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Birjung Chamber of Commerce and Industry (BCCI), Hotel Association Nepal (HAN), Nepal Gas Dealers&rsquo; Association (NGDA), and Nepal Association of Foreign Employment Agencies (NAFEA) are some of the leading business associations that have endorsed the CoC. A recently conducted survey of Kathmandu-based companies entitled &lsquo;Ethical Business Practice in Nepal&rsquo; by NBI has found only 7 per cent of the companies following business ethics, while 41 per cent of the sample were found weak in this. Likewise, 52 per cent of the sample was found to have attempted to implement the CoC and partially following it.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Jyoti Baniya, general secretary of Forum for Protection of Consumer Rights, expressed doubt regarding the sincere implementation of the CoC by the business community. &ldquo;Some tangible differences in behaviour should have been discerned these past few days,&rdquo; Baniya told &nbsp;The Corporate. &ldquo;They (business houses) did not even think it necessary to place a framed copy of the CoC on their walls.&rdquo; He, however, welcomes the initiative of the business community to come up with the CoC.</div>
<div>
	This finding of the survey indicates that the implementation of CoC is fraught with challenges.</div>
<div>
	&nbsp;</div>
<div>
	There are doubts as to whether companies will duly follow the provisions stated in the CoC at a time when there are allegations upon some of them that they are flouting the business laws of the country.Some member companies of the associations that endorsed the CoC have come under the government&rsquo;s scanner for their unscrupulous deeds.</div>
<div>
	&nbsp;</div>
<div>
	Gas dealers, transport entrepreneurs, gold merchants, are alleged of carteling, syndicates, adulteration, tax evasion and other malpractices.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	However, Saroj Prasad Pandey, coordinator of the CoC campaign at the NBI, claims that he was very hopeful for its implementation. &ldquo;The endorsement by over 100 business associations and an overwhelming support from the government, political parties, labour unions, the media and people within a week showed that the CoC can be implemented,&rdquo; he said. Pandey informed that they will soon form a joint committee comprising representatives from various business sectors to supervise and evaluate the implementation of the CoC.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Although bringing the CoC is a positive step towards winning the trust of consumers, consumer right advocates, however, say that its implementation will fully depend on the will-power of business firms and the support from political parties and the government.</div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		<span style="font-size:14px;"><strong>Some Provisions in the Business CoC</strong></span></div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Consumer Rights:</strong></div>
	<div>
		<span style="font-size: 12px;">-Commitment to consumers rights</span></div>
	<div>
		-Products and services to address the security and satisfaction of consumers&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Competitive Market:</strong></div>
	<div>
		-Advocate for open and market-oriented economy</div>
	<div>
		-Believe in healthy, fair competition and will support implementation of related laws</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Taxation:</strong></div>
	<div>
		-Express commitment for timely payment of taxes</div>
	<div>
		-Make accounts transparent</div>
	<div>
		&nbsp;</div>
	<div>
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		-Respect legitimate demands of labour but no support to acts that harm the business</div>
	<div>
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	<div>
		&nbsp;</div>
	<div>
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	<div>
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	<div>
		-Strive for promotion of environment-friendly business</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Corruption Control:&nbsp;</strong></div>
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	<div>
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	<div>
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	<strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">Though over 100 business companies have made a commitment towards the Business Code of Conduct (CoC) which was introduced by the National Business Initiative (NBI) last week in the Capital, implementation of such a self-abiding code will not be an easy task.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Birjung Chamber of Commerce and Industry (BCCI), Hotel Association Nepal (HAN), Nepal Gas Dealers&rsquo; Association (NGDA), and Nepal Association of Foreign Employment Agencies (NAFEA) are some of the leading business associations that have endorsed the CoC. A recently conducted survey of Kathmandu-based companies entitled &lsquo;Ethical Business Practice in Nepal&rsquo; by NBI has found only 7 per cent of the companies following business ethics, while 41 per cent of the sample were found weak in this. Likewise, 52 per cent of the sample was found to have attempted to implement the CoC and partially following it.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Jyoti Baniya, general secretary of Forum for Protection of Consumer Rights, expressed doubt regarding the sincere implementation of the CoC by the business community. &ldquo;Some tangible differences in behaviour should have been discerned these past few days,&rdquo; Baniya told &nbsp;The Corporate. &ldquo;They (business houses) did not even think it necessary to place a framed copy of the CoC on their walls.&rdquo; He, however, welcomes the initiative of the business community to come up with the CoC.</div>
<div>
	This finding of the survey indicates that the implementation of CoC is fraught with challenges.</div>
<div>
	&nbsp;</div>
<div>
	There are doubts as to whether companies will duly follow the provisions stated in the CoC at a time when there are allegations upon some of them that they are flouting the business laws of the country.Some member companies of the associations that endorsed the CoC have come under the government&rsquo;s scanner for their unscrupulous deeds.</div>
<div>
	&nbsp;</div>
<div>
	Gas dealers, transport entrepreneurs, gold merchants, are alleged of carteling, syndicates, adulteration, tax evasion and other malpractices.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
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<div>
	&nbsp;</div>
<div>
	Although bringing the CoC is a positive step towards winning the trust of consumers, consumer right advocates, however, say that its implementation will fully depend on the will-power of business firms and the support from political parties and the government.</div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		<span style="font-size:14px;"><strong>Some Provisions in the Business CoC</strong></span></div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Consumer Rights:</strong></div>
	<div>
		<span style="font-size: 12px;">-Commitment to consumers rights</span></div>
	<div>
		-Products and services to address the security and satisfaction of consumers&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Competitive Market:</strong></div>
	<div>
		-Advocate for open and market-oriented economy</div>
	<div>
		-Believe in healthy, fair competition and will support implementation of related laws</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Taxation:</strong></div>
	<div>
		-Express commitment for timely payment of taxes</div>
	<div>
		-Make accounts transparent</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Labour Management:</strong></div>
	<div>
		-Respect legitimate demands of labour but no support to acts that harm the business</div>
	<div>
		-Believe labour disputes can be sorted through tripartite dialogue between government, labour representatives and business owners</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Environment Protection</strong>:</div>
	<div>
		-Strive for sustainable business development&nbsp;</div>
	<div>
		-Strive for promotion of environment-friendly business</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Corruption Control:&nbsp;</strong></div>
	<div>
		-Neither support nor oppose political parties; will not give donation, presents, services or facilities to any political party or person for future gain</div>
	<div>
		-Will not bribe, gift, donate directly or indirectly for business and financial advantage</div>
	<div>
		&nbsp;</div>
</div>
<p>
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			'description' => 'With some endorsees of shady repute, consumer rights advocates doubt implementation of Business Code of Conduct',
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		'title' => 'Business Ethics: Challenges In Implementation',
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		'content' => '<div>
	<strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">Though over 100 business companies have made a commitment towards the Business Code of Conduct (CoC) which was introduced by the National Business Initiative (NBI) last week in the Capital, implementation of such a self-abiding code will not be an easy task.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Birjung Chamber of Commerce and Industry (BCCI), Hotel Association Nepal (HAN), Nepal Gas Dealers&rsquo; Association (NGDA), and Nepal Association of Foreign Employment Agencies (NAFEA) are some of the leading business associations that have endorsed the CoC. A recently conducted survey of Kathmandu-based companies entitled &lsquo;Ethical Business Practice in Nepal&rsquo; by NBI has found only 7 per cent of the companies following business ethics, while 41 per cent of the sample were found weak in this. Likewise, 52 per cent of the sample was found to have attempted to implement the CoC and partially following it.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Jyoti Baniya, general secretary of Forum for Protection of Consumer Rights, expressed doubt regarding the sincere implementation of the CoC by the business community. &ldquo;Some tangible differences in behaviour should have been discerned these past few days,&rdquo; Baniya told &nbsp;The Corporate. &ldquo;They (business houses) did not even think it necessary to place a framed copy of the CoC on their walls.&rdquo; He, however, welcomes the initiative of the business community to come up with the CoC.</div>
<div>
	This finding of the survey indicates that the implementation of CoC is fraught with challenges.</div>
<div>
	&nbsp;</div>
<div>
	There are doubts as to whether companies will duly follow the provisions stated in the CoC at a time when there are allegations upon some of them that they are flouting the business laws of the country.Some member companies of the associations that endorsed the CoC have come under the government&rsquo;s scanner for their unscrupulous deeds.</div>
<div>
	&nbsp;</div>
<div>
	Gas dealers, transport entrepreneurs, gold merchants, are alleged of carteling, syndicates, adulteration, tax evasion and other malpractices.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	However, Saroj Prasad Pandey, coordinator of the CoC campaign at the NBI, claims that he was very hopeful for its implementation. &ldquo;The endorsement by over 100 business associations and an overwhelming support from the government, political parties, labour unions, the media and people within a week showed that the CoC can be implemented,&rdquo; he said. Pandey informed that they will soon form a joint committee comprising representatives from various business sectors to supervise and evaluate the implementation of the CoC.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Although bringing the CoC is a positive step towards winning the trust of consumers, consumer right advocates, however, say that its implementation will fully depend on the will-power of business firms and the support from political parties and the government.</div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		<span style="font-size:14px;"><strong>Some Provisions in the Business CoC</strong></span></div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Consumer Rights:</strong></div>
	<div>
		<span style="font-size: 12px;">-Commitment to consumers rights</span></div>
	<div>
		-Products and services to address the security and satisfaction of consumers&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Competitive Market:</strong></div>
	<div>
		-Advocate for open and market-oriented economy</div>
	<div>
		-Believe in healthy, fair competition and will support implementation of related laws</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Taxation:</strong></div>
	<div>
		-Express commitment for timely payment of taxes</div>
	<div>
		-Make accounts transparent</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Labour Management:</strong></div>
	<div>
		-Respect legitimate demands of labour but no support to acts that harm the business</div>
	<div>
		-Believe labour disputes can be sorted through tripartite dialogue between government, labour representatives and business owners</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Environment Protection</strong>:</div>
	<div>
		-Strive for sustainable business development&nbsp;</div>
	<div>
		-Strive for promotion of environment-friendly business</div>
	<div>
		&nbsp;</div>
	<div>
		<strong>Corruption Control:&nbsp;</strong></div>
	<div>
		-Neither support nor oppose political parties; will not give donation, presents, services or facilities to any political party or person for future gain</div>
	<div>
		-Will not bribe, gift, donate directly or indirectly for business and financial advantage</div>
	<div>
		&nbsp;</div>
</div>
<p>
	&nbsp;</p>',
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Update : 2020-03-25

Business Ethics: Challenges In Implementation

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