Mnb1501 new assignment
Corporate Social Responsibility (CSR) - Companies' acknowledged responsibility to
society. Is the responsibility of the company for the impacts of its decisions and
activities on society and the environment, through transparent and ethical behavior.
Corporate Citizenship (CC) - is the recognition that the organization is an integral part of
the broader society in which it operates, affording the organization standing as a juristic
person in the society with the rights but also the responsibility and obligations.
Triple Bottom Line (TBL) - A business strategy that includes social, economic, and
environmental criteria. Advocates that a company's ultimate worth should be measured
in financial, social and environmental terms.
Business ethics - A subset of ethics that focuses on deciding between right and wrong
in the workplace and in business generally.
Executive Director - Members of the management team who are appointed to the board.
They are full-time employees of the company. Have a role as senior management.
Non-exclusive directors - Are not involved in the day-to-day operation of the business of
the company and do not receive any remuneration other that their director's fees. They
are independent of management and should be free from any significant business or
other relationship with the company that could materially hamper their independence.
Value-based system - The CSR (Corporate Social Responsibility) policy is aligned with
the company's own vision, mission, values and guiding principles, is used when a
company addresses CSR in a proactive manner.
Stakeholder-Engagement Process - Allows stakeholders to determine what they want
from the company and what they consider to be the issues and culture of the company,
is a reactive approach.
Combined Value-based and stakeholder-engagement processes - Ofther wmerges from
an original emphasis on a values-based approach but develops in a combination
approach when the company moves from setting its own objectives aligned with its
values to involving its stakeholders. This allows the company to ensure that its strategy
satisfies its own needs as well as the needs of its stakeholders.
Primary Stakeholders - Stakeholders whose ongoing support for the company is vital for
its survival. Have a direct stake in the organization and its success.
Secondary Stakeholders - Stakeholders who have a less direct impact on the company.
Steps in the stakeholder-engagement process - 1. Prepare - Identify and understand the
territory.
2. Plan - Set objectives and parameters.
3. Design - Co-develop the engagement plan.
Corporate Social Responsibility (CSR) - Companies' acknowledged responsibility to
society. Is the responsibility of the company for the impacts of its decisions and
activities on society and the environment, through transparent and ethical behavior.
Corporate Citizenship (CC) - is the recognition that the organization is an integral part of
the broader society in which it operates, affording the organization standing as a juristic
person in the society with the rights but also the responsibility and obligations.
Triple Bottom Line (TBL) - A business strategy that includes social, economic, and
environmental criteria. Advocates that a company's ultimate worth should be measured
in financial, social and environmental terms.
Business ethics - A subset of ethics that focuses on deciding between right and wrong
in the workplace and in business generally.
Executive Director - Members of the management team who are appointed to the board.
They are full-time employees of the company. Have a role as senior management.
Non-exclusive directors - Are not involved in the day-to-day operation of the business of
the company and do not receive any remuneration other that their director's fees. They
are independent of management and should be free from any significant business or
other relationship with the company that could materially hamper their independence.
Value-based system - The CSR (Corporate Social Responsibility) policy is aligned with
the company's own vision, mission, values and guiding principles, is used when a
company addresses CSR in a proactive manner.
Stakeholder-Engagement Process - Allows stakeholders to determine what they want
from the company and what they consider to be the issues and culture of the company,
is a reactive approach.
Combined Value-based and stakeholder-engagement processes - Ofther wmerges from
an original emphasis on a values-based approach but develops in a combination
approach when the company moves from setting its own objectives aligned with its
values to involving its stakeholders. This allows the company to ensure that its strategy
satisfies its own needs as well as the needs of its stakeholders.
Primary Stakeholders - Stakeholders whose ongoing support for the company is vital for
its survival. Have a direct stake in the organization and its success.
Secondary Stakeholders - Stakeholders who have a less direct impact on the company.
Steps in the stakeholder-engagement process - 1. Prepare - Identify and understand the
territory.
2. Plan - Set objectives and parameters.
3. Design - Co-develop the engagement plan.
