B a h r a i n C S R N e w s l e t t e r March 2008

1. B a h r a i n C S R N e w s l e t t e r March 2008 Second Issue Bahrain CSR Bahrain CSR Bahrain CSR BAHRAIN CSR NEWS LETTER BAHRAIN CSR NEWS LETTER BAHRAIN CSR NEWS LETTER BAHRAIN CSR NEWS LETTER BAHRAIN CSR NEWS LETTER BAHRAIN CSR NEWS LETTER BAHRAIN CSR NEWS LETTER BAHRAIN CSR NEWS LETTER BAHRAIN CSR NEWS LETTER BAHRAIN CSR NEWS LETTER Bahrain CSR Bahrain CSR Bahrain CSR Bahrain CSR Bahrain CSR Bahrain CSR Bahrain CSR Bahrain CSR Bahrain CSR

2. Latest News > > BahrainCSR Newsletter Your Organization in success BahrainCSR Newsletter • C o n t e n t s > > • CSR Concept world wide ……………………………… 1 • CSR definitions ……………………………… 2 • Why Bahrain CSR ……………………………… 3 • CSR impact on society ……………………………… 5 • CSR events ……………………………… 6 • CSR books ……………………………… 7 • CSR ALBUM ……………………………… 8

3. BahrainCSR Newsletter Page 1 C S R C o n c e p t w o r l d w i d e CSR Concept world wide Corporate Social Responsibility (CSR) means businesses and organizations working responsibly and contributing positively to the communities they operate in. It involves working with employees, their families, the local community and society at large to improve their quality of life. Companies that operate in a socially responsible way strengthen their reputations. In business, reputation is everything. It determines the extent to which customers want to buy from you, partners are willing to work with you and your standing in the community Companies recognize their responsibility to their employees, their community and the environment. They define CSR informally. Their understanding of this concept is largely influenced by the personal values of the business owner/s or the CSR champion in the company. Often this definition is implicit, and not necessarily reflected in a formal company-wide commitment.

4. Page 3 W h y C S R i n B a h r a I n BahrainCSR Newsletter The purpose of Corporate Social Responsibility (CSR) is to make corporate business activity and corporate culture become sustainable in its three dimensions: economic, social and environmental. The only pathway with a future is that which makes all stakeholders sustainable. Corporations cannot flourish in detriment of a stakeholder, and, in general, of the welfare of all ranks of society. Thus, corporations must abandon their zero-sum game mentality and adopt a sustainable business culture that benefits all stakeholders in an equitable manner. This is why Bahrain CSR program attempts to offer long term business benefits to the community and their families while making a positive contribution to the development of Bahrain society. By Sama Al Alawi Chief Editor

5. BahrainCSR Newsletter Page 4 Website Launch Launch of BahrainCSR website > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > www.bahraincsr.com

6. BahrainCSR Newsletter Page 5 C S R I m p a c t o n s o c i e t y Impact: Corporate social responsibility is not a public-relations exercise but part of systematic due diligence for new investments. The social and economic impact of the firm's existing operations is also closely monitored to reduce the risk of a backlash from local communities, activists or national governments. Corporate social responsibility means that organizations have moral, ethical, and philanthropic responsibilities in addition to their responsibilities to earn a fair return for investors and comply with the law. A traditional view of the corporation suggests that its primary, if not sole, responsibility is to its owners, or stockholders. However, CSR requires organizations to adopt a broader view of its responsibilities that includes not only stockholders, but many other constituencies as well, including employees, suppliers, customers, the local community, local, governments, environmental groups, and other special interest groups.

7. BahrainCSR Newsletter Page 6 C S R e v e n t s o f t h e m o n t h CSRevents 11th February, 2008 Recently, Al-Badeel for Training & Development organized the Official Launch of BahrainCSR website. It was launched on 11th – February, 2008. This remarkable concept of CSR and the website dedicated for Bahrain is first of its kind. The event was hosted under the patronage of Shaikha Hessa bint Khalifa Al Khalifa. It was sponsored by Banagas and Bahrain Chamber of Commerce. Attendees included H.E. Dr. Mustafa Al-Sayed Former Chief Executive of Bahrain Petroleum Company, B. S. C (closed). ------------------------------------------------------------------------------------------------------------------------------------------- Upcoming Events (28th & 29th May, 2008) BahrainCSRconference: Business Families and Social Responsibility This event also will be held under the patronage of Shaikha Hessa bint Khalifa Al Khalifa. It will be during the 28th and 29th of May, 2008 CSR Awards This event comprises the official announcement and inauguration of Bahrain CSR Award. ------------------------------------------------------------------------------------------------------------------------------------------- Trainings (April, 2008) BahrainCSR will be continued by providing the required training courses on "Corporate Social Responsibility". These trainings will be started during April, 2008 and will be hosted by Authorized and specialist organization Al-Badeel for Training and Development.

8. BahrainCSR Newsletter Page 7 C S R B o o k s CSR Books Good Book to read The Corporate Responsibility Book By: Philip Kotler & Nancy Lee Today, corporations are expected to give something back to their communities in the form of charitable projects. In Corporate Social Responsibility, Philip Kotler, one of the world's foremost voices on business and marketing, and coauthor Nancy Lee explain why charity is both good P.R. and good for business. They show business leaders how to choose social causes, design charity initiatives, gain employee support, and evaluate their efforts.

9. BahrainCSR Newsletter Page 8 C S R a l b u m Coming together is a beginning.Keeping together is progress.Working together is success.

10. BahrainCSR Newsletter The end For further details: Please visit: www.bahraincsr.com, call: 17 532 884 & Fax: 17 532 883