is generally accepted that management has a fiduciary responsibility to further the interests of stockholders; interpreted as a requirement to maximize corporate profit. In the words of Milton Freidman‚ “The social responsibility of a business is to increase its profits”. The past few decades have given rise to the globalization of the apparel industry. With this globalization the competition has intensified‚ necessitating the leading apparel firms to develop extensive global sourcing capabilities
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label as ’globalization ’ a peculiar force.( 1) With increased economic interconnection‚ some argue‚ multinational corporations. which rose the globalization of the ’brands ’ like Coca Cola‚ Nike and Sony. Anthony Giddens (1990: 64) has described globalization as ’the intensification of worldwide social relations which link distant localities in such a way that local happenings are shaped by events occurring many miles away and vice versa ’. This involves a change in the way we understand geography
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Challenge Faced by Regulator and Supervisor Authority INTRODUCTION Nowadays‚ most people are familiar with new technology development of electronic banking systems. Its not only provide the basic services like fund transfer and bill payments‚ but also doing the advance including provide the loan and card application. Electronic banking can define as the use of electronic delivery channels for banking products and services. Electronic banking services generally offered in two ways either traditional
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basic‚ CSR covers monitoring and auditing business to show it complies with relevant local laws and regulations. This may involve philanthropic activities. In recent years‚ the concept of CSR has evolved to consider ethical and environmental concerns when making business decisions. And this has makes CSR integral to the way of the business related to the world and potential of being success. As there is no universal standard for CSR‚ CSR can be defined by actions such as integrating social‚ environmental
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Knights Apparel In an industry often viewed with disdain by workers rights groups over a stigma of outsourcing‚ sweatshops and an overall lack of concern for worker’s rights‚ one company now seemingly stands alone as a beacon of hope. In 2005‚ Knights Apparel CEO‚ Joseph Bozich‚ set out to do something unheard of in the global apparel industry‚ he committed himself and the resources of his company to prove that an apparel company could make a profit while simultaneously improving the lives of its
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Corporate social responsibility (CSR‚ also called corporate conscience‚ corporate citizenship‚ social performance‚ or sustainable responsible business/ Responsible Business)[1] is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in‚ self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law‚ ethical standards‚ and international norms. In some models‚ a firm’s implementation of CSR goes beyond
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Social Responsibility and Regulation The purpose of this paper is to determine how governmental Corporate Social Responsibility (CSR) policies assist consumers and organizations; to evaluate if government polices differ throughout the world; to show ways that politics shape the regulation of businesses. CSR Policies and Consumers/Organizations Governmental CSR policies were developed to assist consumers and organizations. For example there was a government regulation enacted to protect the financial
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NIKE HISTORY Bill Bowerman and Phil Knight founded Nike Inc. as Blue Ribbon Sports in 1962 with a handshake. The two man team began the company with a combined investment of $500 each. They reached an agreement with a Japanese manufacturer of athletic shoes‚ forming BRS/Tiger shoes. Phil Knight started this company selling shoes from the trunk of his car. As the empire grew‚ the two man team developed the idea to cut overheard. In 1972‚ BRS and Onitsuka Tiger went different ways and thus Nike
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Social Responsibility Theory To combat the pressures that threatened freedom of the press‚ this theory was first introduced in 1947 and was recommended by the Hutchins Commission on Freedom of the Press. It stated that the media should serve the public‚ and in order to do so‚ should remain free of government interference. It defined guidelines that the media should follow in order to fulfill its obligation of serving the public. Ethics and the Media The Social Responsibility Theory claimed
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CONTENTS OVERVIEW CSR REPORTING BY COMPANY X CSR REPORTING BY COMPANY Y COMPARISON CONCLUSION REFERENCE OVERVIEW Since this report intends to critically analyse and compare the Corporate Social Responsibility (CSR) reporting information of two companies‚ the two companies will be called X and Y. Company X is a huge company based in the United States which operates around the globe which was founded in 1898. Core business of company X is Construction. As of 2014‚ it is the third largest Construction
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