Good Governance and Social Responsibility PDF

GOOD GOVERNANCE AND SOCIAL RESPONSIBILITY Claribel Raymundo ARRANGE ME 1. RATEPORAC LIACOS PONBISISERYTIL 2. ROWKLACEP 3. MUNMITYCO 4. MENTRONVIRE 5. RAMKET CLEAP OBJECTIVES Define CSR Drivers of CSR Development of CSR in the Philippines CSR Approaches and programs CSR...

GOOD GOVERNANCE AND SOCIAL RESPONSIBILITY Claribel Raymundo ARRANGE ME 1. RATEPORAC LIACOS PONBISISERYTIL 2. ROWKLACEP 3. MUNMITYCO 4. MENTRONVIRE 5. RAMKET CLEAP OBJECTIVES Define CSR Drivers of CSR Development of CSR in the Philippines CSR Approaches and programs CSR Business process which involves interaction with stakeholders, customer, supplier, employees and its communities towards compliance with government policies, environmental, social and economic concerns. Focused on shared values for business and society more than profit. Drivers of CSR Customer centric, customer loyalty, and customer retention to have long and lasting good business performance. a. External factors 1. Regulation – government laws and policies 2. Market forces – competition, natural forces, demographic factor 3. Societal forces – norms and belief of the people in the community Drivers of CSR b. Internal drivers 1. Individual behavior – monitoring company behavior 2. Operation – principles, policies communicated and implemented, best practices 3. Strategies – performance data, impact data. Development of CSR in the Philippines - Growing business model 1. 1960’s - Donations – San Miguel Corporation and Manila electric Company donates to the charitable institution in cash and in kind for social activities. 2. 1970’s - Organization – Bishops Business Conference of the Philippines and Philippine Business for social Progress concern in economic development. 3. 1980’s – Involvement – Debt crisis of the Philippine economy business and corporations responded to extend their services to their community through Community Relations (COMREL) promotion of peaceful business operations. Development of CSR in the Philippines 4. 1990’s Institutionalization – business corporation must contribute to the society wellbeing, corporate citizenship was initiated, policy making and networking. 5. 2000’s Continuous Improvement – allow the poor to have access to basic education, health services, credits and skills development for nation building. Development of CSR in the Philippines Creating values in their brand management, requires corporations to anticipate, reduce, and internalize social cost. DENR require necessary permit to operate business to ensure community welfare and interest. Semirara Coal Mining Corporation 5 E’S, education, electrification, environment protection and preservation, employment and livelihood and economic empowerment. CSR Approaches and programs 1. CSR as value creation/innovation a. Business vision/mission b. Promote competitive edge among competitor c. Integrate business and community d. Skills development/human capital 2. Risk management a. Promote policy, legal compliance and reporting b. Promote acceptable strategic operational impact 3. CSR as Corporate a. Support and access to basic needs like education PRINCIPLES OF CSR 1. Sustainability – development action to check internally their operational activities that can affect the community like proper waste disposal. 2. Accountability – responsible for all undertakings and programs that the beneficiaries were able to benefit with the program. 3. Transparency – opening communications with the stakeholders characterized by reliable level of information disclosure, clarity and accuracy. References Social responsibility and good governance, Luna, A.R., Unlimited books and library Strategic management, Pereda, et. al., Unlimited books and library https://www.google.co.uk/search?q=semirara+mining+and+power+c orporation https://www.google.com/search?q=SAN+MIGUEL+CORPORATION&cli ent=safari&sca