Dimensions of Global Corporate Citizenship

Corporate citizenship is commonly defined as ?a company's management of its influences on and relationships with the rest of society? (Marsden 2000: 9). A recent study conducted by Hill and Knowlton found that 79% of Americans consider corporate citizenship when deciding to buy a particular company?s product, 36% of which considered corporate citizenship to be an important factor (Verschoor, 2001: 20). This shows us that by achieving good corporate citizenship, a company?s practices become transparent to the interested public and provide a basis for accountability for the future (Waddock, 2000: 324).

To put it in another way; as society expects more from corporations, the activities from the frontier quadrant, those that companies do to be socially responsible above and beyond what they are required to do, shift to the lower foundation quadrant and become norms and laws. It’s important to note that activities in the instrumental-civil foundation add to shareholder and stakeholder value.

policies of companies in ways that they believe benefit the fund’s participants through its rights

Corporate citizenship involves the social responsibility of businesses and the extent to which they meet legal, ethical and economic responsibilities, as establishes by shareholders. The definition of ethical is relating to one’s moral principles and the branch of knowledge dealing with these. (www.investopedia.com )The owner of a small ice-cream shop has been fined four thousand dollars’ worth of violations. The man who performed the inspection offered to overlook the violations if the owner agrees to host and ice-cream party for his daughter’s softball team at no cost. The predicament is that the owner faces is that he has always been a corporate citizen but finances are tight and could benefit from the fines being over looked. The ice-cream shop owner must make a smart decision; he must either hide his health code violations or spend the four thousand dollars so the ice-cream shop can be health code compliant.

Corporate citizenship surfaced in the American business community in the 1980’s and have since extended to the global community as it speaks to social and environmental issues (Matten, & Crane, 2005). “Corporate citizenship is defined as a company’s self-regulated management of its business activities and influences to advance a social agenda beyond that required by law” (Tsai, Joe, Lin, Chiu, & Shen, 2015, p.361). Moreover, activities that would demonstrate being corporate citizen are exemplary leadership and ethical behavior, corporate philanthropy that benefits the stakeholders and the community, and to exceed legal compliance (McEachern, 2015). Furthermore, these activities are identified as the four faces of corporate citizenship, economic

Corporate social responsibility incorporates environmental, social, and economic dimensions that provide leadership and differentiation opportunities for perceptive organizations. However,

The notion that corporations are expected to go above and beyond following the law and making a profit, to take actions that will benefit the interests of society as well as of the organizations.

The Companies Act has been incorporated with sections of the King Code to form what is known as integrated reporting. It stipulates that in order for a business to be successful, it must understand the economic, social and environmental context it operates in. Nowadays, company success is not solely based the amount of profit earned, but it includes how the business contributes in society, a term known as corporate citizenship. This study will evaluate the corporate citizenship of both franchises to compare their fairness, transparency, responsibility and accountability when dealing with society as a whole.

Today’s culture is pushing companies to be more socially responsible on all levels. Companies who fail to adapt risk becoming overshadowed by competitors that do so. According to the text, "...companies displaying a 'clear commitment to ethical conduct ' consistently outperform companies that do not display ethical conduct..." (Strategic Management, 312). It is therefore important for companies to meet the standards of customers who choose to shop with a ‘filter’. As such, it is important to investigate how a company ranks when doing a strategy analysis. The following paragraphs look into Starbucks to see what socially responsible actions they claim to do, where they fall amongst their competitors, and whether their claims are truthful.

Corporations’ measured success by financial means only undermines the global impact companies can have on society. With the evolution of business into a global market, society requires corporations to emphasize social welfare beyond simple philanthropic contributions. A new initiative called Corporate Social Responsibility blends philanthropy, social initiatives, corporate responsibility, and corporate policy for the overall benefits to various facets of society, including but not limited to investors, employees, and local communities.

This essay sets out to know which type of investment fund is better for a retail investor. By this, we will consider the meaning and operations of an index tracker fund, as well as that of the actively managed funds. Furthermore, identify the advantages of index tracker funds over actively managed funds and draw conclusions in relation to the topic above.

Individuals use Twitter as a way to gain notoriety for their business as well. A social media campaign asked people to nominate leading women in global health (Devi, 2015). Globally women’s health is important to many and Twitter is a way to engage women across the globe that are in need of support and assistance. Here global governance and corporate social responsibility are core processes between these two institutions.

They acknowledge the importance of their relationship with its stakeholders including all the related parties. They have a belief of being a good corporate citizen to be an essential part of business and also pursue the goal in the market in which they are operating. They also believe in disclosing the real picture of the company too its stakeholders. In the respect of social responsibility it is necessary to review the reports and also make recommendations to the board where it is appropriate to do so. They also promote in doing political donations and support the social issues that can be relevant to the company.

Style: this fund operates in micro capitalization category. It, thus, invests in companies whose market capitalization ranges from $5 million to $150 million (Bloomberg 2014).

NKF’s management might seem to not have taken donors’ opinions into consideration and hence portrayed the image of mismanaging donations. However, it would be unfair to not point out how not all stakeholders are equal and each is entitled to different considerations. Expectations differ across stakeholders and decisions made would more often than not lead to a conflict of interest but following the principle of utilitarianism, it is up to the discretion of the organisation to balance their decisions and decide how best to appease the majority. An example would be NKF’s dilemma of whether to disclose the salary of the CEO; not doing so would result in accusations of not being transparent while disclosing it might lead to criticism of charity leaders being too highly paid. The interests of the CEO and the donors are at conflict.