Dear Amit,
Policy should be same for all category of employees. Being a valuable asset of the organization is not a license to indulge in immoral activity.
Rather I would suggest that more serious action should be taken if someone at senior position in indulges immoral activity by invading the privacy of female employee.
You should know that Infosys had terminated the service of its Europe marketing/sales head Mr. Phanish Narayan Murthi because of allegation of molestation with one of its employee in US. That time Chairman of Infosys Mr N Narayana Murthy did not wait for the investigation to complete and asked Mr. Phanish to resign immediately till he is proved innocent. Mr Phanish pleaded innocence, requested the Chairman to let investigation be completed by the US police and refused to resign but he was dismissed from his service.
Moral code of conduct should be more strict for very senior people because they are supposed to be the role model for other employees.
In India the the Chairman of the Apparel Export Promotion Council was dismissed from his service because he tried to molest his private secretary at Hotel Taj in mumbai.
This matter at last was decided by the Supreme Court of India in which the dismissal from the service was upheld by the court.
Any action of the superior against a female employee which is against the moral sanctions and does not withstand test of decency and modesty should be treated as sexual harassment and very strict action should be taken against the accused.
regards,
Kamal