Opening of Honesty Shop at LIBA
The “Honesty Shop” was opened with the gracious presence and blessings of Rev. Fr. C. Joe Arun, SJ, Director of LIBA, on 1st November 2021 by the renowned Film Director Mr. Vetrimaran. The Honesty Shop is an initiative by the Centre for Business Ethics and Corporate Governance, which is an inhouse stationary shop that caters to the needs of the Students, Faculty, Research Associates, Teaching Assistants and the staff of LIBA. The store operations are self-managed based on the principles of Honesty and Ethics instead of the conventional stores supervisory model. The objective behind this initiative is to demonstrate and nurture ethics in-line with the vision of LIBA i.e., “Excellence with Ethics”, and form ethical leaders to the industry. The Centre studies the Consumer Behaviour of the stationary products in tandem with the Assessment of Honesty. The profit earned from the store will be contributed to the welfare of the economically weak and marginalized.