Question: Required: Demonstrate how your firm could modify its approach to ethics and social responsibility if you were the CEO versus what transpired below at Company
Required:
Demonstrate how your firm could modify its approach to ethics and social responsibility if you were the CEO versus what transpired below at Company A.
Company A characteristics are:
World leader in technology. Employs 100 000 fulltime employees & 4000 Temporary employees. The company uses outsourcing. As required by SEC Company A has made the form 10-K report available on its website, which contains company business strategies, risk factors, legal proceedings and financial data. Also includes conduct policy. Which states it conducts business ethically, honestly and in full compliance of the law. It has considered the GRI G3.1 indices relating to the economy, the environment, human rights, society and labour for its publication on Governance, Product Environmental Reports, Recycling and Facilities Environmental Report and Supplier Responsibility. However limited transparency of Co supplier sustainability policy has often been criticized in the media.
It recently also turned down two shareholders sustainability proposals, to establish a sustainability report on environmental policies and the impact that climate change has on the company, and to establish a board of directors sustainability committee.
A well-known conflict involving suppliers is the suicides which took place. Press reported on the excessively long working hours and the discrimination of mainland workers by superiors. During an undercover investigation, it was discovered that the reason for the multiple suicides was related to internal management. The weekly working hours of workers were up to 70 hours, ten hours above the maximum set by Companys supplier Code. And although the business had good facilities the workers had access to swimming pools and tennis courts, and activities such as chess clubs, mountain climbing and fishing expeditions were organised employees did not have any time to enjoy these facilities. The media also reported that the child labour issues had worsened at the suppliers for computers, iPods and iPhones.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
