Catholic Charities Regional Agency serves several contiguous counties in Ohio. The finance committee of its board of
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As a Catholic Charities agency, the regional organization must adhere to guidelines adopted by the U.S. Council of Catholic Bishops. Visit the council's website at www.usccb.org/finance/srig.htm and review its Socially Responsible Investment Guidelines, which discuss basic principles for investments and the stated investment policy of the organization.
Required
1. What is the meaning of the word stewardship? Should the religious or philosophical position of an organization affect decisions that are made as part of the budgeting process?
2. How should a board of directors for this organization apply these principles in making investment decisions tied to the annual budget?
3. Would you, as a board member, ignore such principles to increase investment gains? Why or why not?
4. If the agency's monies are managed by an investment firm, should the board request information about the stocks included in individual investment funds to verify compliance with the stated investment policy of the organization?
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
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Cost Management A Strategic Emphasis
ISBN: 978-0077733773
7th edition
Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins
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