Essay On Sanlam Corporate Social Responsibility
1. Introduction
All organizations no matter their form have a reason and objective at the time of their formation. Apart from Not-For-Profit Organizations which may have different and differing objectives, all business organizations have as objective the maximization of the shareholders’ wealth through added value which is measured by the market price of the company’s share now compared to the same value at formation (Washington Post): Maximizing Shareholder Value: The goal that changed corporate America (August 26, 2013).
The South African National Life Assurance Company Limited), Sanlam, founded in 1918 has as objective to provide private Life Insurance to its members. Sanlam Ltd has embraced the doctrine of corporate social responsibility after the publication of the King II Report on Corporate
…show more content…
Therefore have the following reasons why they pay greater attention of social and environment goals and objectives now:
The Ethical stance of Sanlam compels it to continue to place more emphasizes and attention to social and environmental goals now compared to 10 years ago. It is inscribed in their CSR statement that “Sanlam RSA not only encourages future customer loyalty and support, but we make a meaningful contribution to the society we serve”, (Sanlam Sustainability Report 2010).
Secondly, the Corporate Governance codes urge companies like Sanlam to incorporate into their Financial Reporting Sustainability and CSR reports and presented during an annual general meeting of shareholders.
Thirdly, the public interest towards corporate citizenship has increased now compared to the situation 10 years ago. Sanlam must do this to maintain its reputation and image.
Fourth, Sanlam does this in order to secure and obtain any ethical funding available.
4.0
Perils Of Indifference By Elie Wiesel And Catherine A. Sanderson
925 Words | 4 PagesBut why would intentionally ignoring corruption be the easier
NCQA Compliance Report
969 Words | 4 PagesThe accredited organizations are expected to hold a certain degree of transparency, especially in performance-based payments (Schneider, 2011). The NCQA also puts a requirement on the ACOs to report their performance and even divulges the performance reports to the providers so that their performance can be assessed. Through the practices, the ACOs have adopted a lot of transparency. Transparency is not a simple process, but it serves as an imperative measure of performance. Organizations that demonstrate a lot of transparency tend to gain a good reputation (national committee quality assurance, 2014).
Faith Integration Research Paper
1460 Words | 6 PagesFaith Integration: BUSI 530 Tiffany Reid, Christopher Robertson, Samantha Roth, Christina Vass, Desiree Woodard Liberty University Faith Integration: BUSI 530 In the world of business and corporate finance there are many challenges that may arise. Every answer to each challenge we face can be found in within the pages of the bible. The Purpose of this essay to provide a clear integration of biblical principals in relation to principles of money, principles of investing, the stock market, ethical business, and financial counseling.
Nonprofit Business Analysis
1463 Words | 6 PagesNo longer satisfied to depend on limited perceptions of aid, or to view businesses as their adversaries, nonprofits have finally discovered methods to work within the economy and support companies to do good deeds as they prosper. Until recently, nonprofits had been paradoxically viewed within our economic sectors of society. Traditionally, these organizations are expected to make an extraordinary impact on their social purpose yet, they are frowned upon when they choose to amplify their shoestring budget to fulfill this charge. It is a “double bottom line,” this requirement for nonprofits to balance between monetary return and social impact (Worth, 2013, p.7). Nonprofits can effectively utilize the strategies discussed by “Making Markets Work” to bring awareness and financial stability to its social purpose.
Pinto Fire Case Summary
1096 Words | 5 PagesThe company can damage reputation, hard to get a good relationship with business, and fear company’s bad image can effect on their brand if they have an unethical
Covenant House Case Study
1517 Words | 7 PagesNetting, Kettner, McMurtry, & Thomas (2017) stated how organizations can be redirected to serve the self-interests
Uapb Integrated Principles
4459 Words | 18 PagesIntroduction It is important to understand the organization has a shared vision and must work together (although process and programs may be different) to achieve a common goal. For example, in an educational organization the goal may be to produce college and career ready students. The organization will expect stakeholders to foster academic excellence with rigor. Another way to meet this goal is to develop trade skills using programs and processes within the organization. A third focus may be intense professional development for stakeholders to also reach the goal.
Pros And Cons Of The Texas Judicial System
800 Words | 4 PagesWhile it is easy to uncover corruption amongst our
Essay On Fahrenheit 9/11
631 Words | 3 PagesThe are profiting as well! More viewership and more perks from those in power. They in turn get power. Being able to influence a nation to sway into an unnecessary war is ruthless and perverse! No one group should have that much power.
Target Risk Management Case Study
908 Words | 4 PagesThe goals created for the organization have to be aligned with the strategic goals and overall mission of the entire organization.
Volkswagen's Corporate Social Responsibility
1858 Words | 8 PagesIt is the firm’s obligation to evaluate in its decision-making processes the effects of its decisions on the external social system in a manner that will accomplish social benefits along with the traditional economic gains, which the firm seeks. It means that social responsibility begins where the law ends. A firm is not being socially responsible if it merely complies with the minimum requirements of the law, because this is what any good citizen would do.” A firm will not survive without the support of both the stakeholders and shareholders, thus the CSR proposes the indication which states that a firm can never exist In a vacuum (Khalidah et. al.).
Summary Of Machiavelli's Ideal Prince
930 Words | 4 PagesThe history of Pakistan and other countries show that manipulators take actions in the name of a state or/and people to serve their personal interests. They make non-issues as national issues to divert the attention from the real
Corporate Social Responsibility: Profit-Oriented Or Socially Responsible?
3408 Words | 14 PagesInvolved in CSR activities are proven to create good image and reputation for a company. In the long run, it helps a company to increase shareholders’ value and achieve sustainable business
Volkswagen Code Of Ethics Analysis
1155 Words | 5 PagesDavis (as cited by Khalidah, Zulkufly, & Lau, 2014) defined Corporate Social Responsibility (CSR) as “… the firm’s consideration of, and response to, issues beyond the narrow economic, technical, and legal requirements of the firm. It is the firm’s obligation to evaluate in its decision-making processes the effects of its decisions on the external social system in a manner that will accomplish social benefits along with the traditional economic gains, which the firm seeks. It means that social responsibility begins where the law ends. A firm is not being socially responsible if it merely complies with the minimum requirements of the law, because this is what any good citizen would do.” A firm will not survive without the support of both the stakeholders and shareholders, thus the CSR proposes the indication which stats that a firm can never exist In a vacuum (Khalidah et.
Nike Corporate Social Responsibility Essay
1459 Words | 6 Pages1. Why did Nike fail to address corporate social responsibility early on? Nike fail to address Corporate Social Responsibility early on because to be remain competitive, keep on producing in low cost and increasing profit, Nike footwear factory has moved to the other country with low costs labor. At first, Nike was founded in U.S then began moving to other country in the 1960s, to Japan, then Korea and Taiwan, and in the beginning 1980s, to Southern China and Nike footwear production still keep on moving to the other Asian country where the manufacturing cost is still low.
More about Essay On Sanlam Corporate Social Responsibility
Perils Of Indifference By Elie Wiesel And Catherine A. Sanderson
925 Words | 4 PagesNCQA Compliance Report
969 Words | 4 PagesFaith Integration Research Paper
1460 Words | 6 PagesNonprofit Business Analysis
1463 Words | 6 PagesPinto Fire Case Summary
1096 Words | 5 PagesCovenant House Case Study
1517 Words | 7 PagesUapb Integrated Principles
4459 Words | 18 PagesPros And Cons Of The Texas Judicial System
800 Words | 4 PagesEssay On Fahrenheit 9/11
631 Words | 3 PagesTarget Risk Management Case Study
908 Words | 4 PagesVolkswagen's Corporate Social Responsibility
1858 Words | 8 PagesSummary Of Machiavelli's Ideal Prince
930 Words | 4 PagesCorporate Social Responsibility: Profit-Oriented Or Socially Responsible?
3408 Words | 14 PagesVolkswagen Code Of Ethics Analysis
1155 Words | 5 PagesNike Corporate Social Responsibility Essay
1459 Words | 6 Pages