Paper Topic:
Corporate Governance & Social Responsibility
Introduction Corporate social responsibility has been embraced by both local and international organizations in this twenty first century . In this case the organizations put in high regard the society 's interests . This is carried out through the organizations being responsible for the overall effects of their endeavors on environment , shareholders , employees and even customers . In this case organizations have the overall obligation to abide by legislation They actually do more than what the statutory obligation demands . Most organizations just volunteer to improve the quality of life o the entire society
, community , their families and the employees too . This focuses on Coca Cola as an international organization and why it shows interest in corporate social responsibility . This is in terms of economic , social , cultural , legal and technological factors
Coca Cola
Coca Cola Company is a widely known organization that produces a non-alcoholic beverage . It is one of the largest marketer , distributor and manufacturer of this drink . This Company 's headquarters are based in United States . Its Coca Cola product was first invented in the year 1886 by Pemberton John Stith . Later on in the year 1889 , Candle Asa bought the formula and it was incorporated in the Company in the year 1892 This Company currently has more than four hundred brands which are sold in its branches that are in more than two hundred countries (Arnold 2005
Coca Cola Company has also taken part in corporate social responsibility . This has been done through very many ways . All these have had very enviable positive implications in the society . One of them is the promotion of diversity . Through this venture , this Company was regarded as one of those that care for the minorities in the society Due to this aspect , the Company was ranked by Fortune magazine to be 26th . This Company is among the many that has been supporting Michigan University policies of affirmative action (Bansal , 2000
This Company also offers health benefits to its employees . It is known to give them orientation on sexual matters which is part and parcel of its employment policy . Coca Cola Company also plays a big role in helping in HIV /AIDS pandemic . This Company spent approximately 5 million every year since the year 2002 to help HIV /AIDS victims in Africa that are working in this Company . Initially it had also helped one thousand two hundred employees in Africa who were infected with the disease
This Company employs approximately 58 , 000 people in its Africa 's bottling system . This Company also has plans to support programs in line with HIV /AIDS . This is part of its budget propagated to cost 50 million . This cash is to be given to organizations dealing with this pandemic that are African based
It is known for charitable donations during the Hurricane Katrina . In this case the evacuees were helped through the 30 million donations Asia also benefited during tsunami where Coca Cola donated approximately 10 million for relief . Food , water and other supplies were also delivered by Coca...
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