html5-img
1 / 8

Corporate Responsibility

Corporate Responsibility. Umair A. Alam. Multinational corporations (MNCs). The accelerated growth in the number of multinational corporations (MNCs) and their worldwide scope, with concentration of economic and political power draws attention Corporate Responsibility. Employment P ractices

raja
Download Presentation

Corporate Responsibility

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Corporate Responsibility Umair A. Alam

  2. Multinational corporations (MNCs) • The accelerated growth in the number of multinational corporations (MNCs) and their worldwide scope, with concentration of economic and political power draws attention Corporate Responsibility. • Employment Practices • Ethical Considerations • Social Responsibility • Environmental Considerations

  3. Third World Countries • Talking about the relationship focusing between the multinational corporations and third world governments in fulfilling the social responsibility.

  4. Apple Inc. • The Fair Labor Association – An outside audit of Chinese factories . • Found widespread breaches of work rules including 60-hour work weeks in violation of the FLA code and Apple’s own standard, and other health and safety violations. • Foxconn, with 1.2 million Chinese employees, is one of China’s largest employers and a major supplier of Apple. It assembles an estimated 40 percent of the smartphones, computers and other electronic gadgets sold around the world

  5. Government of Guyana • One of the most highly indebted nation (Ramsaran) • Guyana has one of the largest remaining rain forest areas in the world • ACanadian company sought a 1,000,000 acres of in search for diamonds and mining operations but was unfortunately unsuccessful • Causing massive damage to the Omai and Essequibo rivers, the main source of drinking water for many of the Guyana people

  6. Policy Reforms • Transparency • More powerful international organizations • US Firms- Earning greater profits with greater social responsibilities to contribute to the betterment of society. • All corporation, stakeholders, International organization and governments should accept moral responsibility for social welfare and individual interests in their economic transactions. • The bottom line is if a foreign country wants to move toward a western model of capitalism it should adopt western-style working conditions as the norm that protects worker rights

  7. Sources • Regulations concerning MNC • http://www1.umn.edu/humanrts/bibliog/businessconductlinks.html • Appel, A. (2009). Finance: IMF Load Policies Worsening Crisis, NGOS SAY. Global Information Network, pp. 63-65 • Egoumé, B. (2009), “Strategy for Sustainable Growth and Poverty Reduction, and Risks and Challenges,” Guyana Experience with Macroeconomic Stabilization, Structural Adjustment and Poverty Reduction. Washington D.C.: International Monetary Fund. • http://www.ethicssage.com/2012/05/social-responsibilities-of-a-us-company-doing-business-abroad.html • scholarly articles • http://link.springer.com/article/10.1007/BF00872380#page-1

  8. Questions:

More Related