Questions 1 and 2 Essay Example | Topics and Well Written Essays - 750 words

Questions 1 and 2 - Essay Example This includes to the society, government, world, and the  community  (Peter, 1997: p.112). The foremost purpose of the development of a business is not to  attest  to these responsibilities but is the  responsibility  to itself; making profits. Other aspects of the market and non market components also  have  effect  on the  business  and are also in turn affected by the business. Issues such as the population, government regulations, environmental  conservation  and social health  responsibility  are in  effect  of this. NGOs are entities created by individuals or groups within the  society  to deal with  certain  issues in the  society  through advocating, lobbying, electoral support,  judicial  action  and coalition building. In order to deal with such issues, they may even sometimes  conform  to public and  private  politics. This is for the  business  to  correct  its issues and consumers to  attain  their r ights. Such NGOs act as watch dogs for the external components of business such as the environment and people. Through such ways as discussed above they are able to  ascertain  for the fulfillment of the responsibilities that the business has. In the conduction of this, it also acts as a check on the governments effects on the business environment that in turn affect the people. This is through actions such as  harsh  regulations and taxes. ... This includes such aspects as discussed above on environmental, societal, regulatory and employee  consideration. This has culminated the  advent  of altruistic behavior in organizations fearing tainting their image, lobbyism against them and law suits. It can so be concluded that, NGOs do play a particularly crucial role in ensuring adherence to responsibilities by corporations and organizations  thus  positive behavioral actions (Keck, 1998: p.56). 2. Regulation of HRM activities of MNCs via the introduction of Minimum Labor Standards into international agreements on free trade Multinational corporations are currently extremely emerged in the economies of the world. This has brought about the development of super powers, and this  superiority  over other  nation’s economies has its adverse effects. Issues such as  employment  creation, improved living conditions, and industrialization are some of the benefits of such international trade. On the other hand , there are adverse effects such as the  killing  of local industries, social dumping, tax evasions and illegalities within the corporations that may occur (Tarrow, 2005: p.86). As a result of these various effects, it is of the suggestion that the human resource management activities of multinational corporations should be checked through the  introduction  of minimum labor standards into the  international  free trade agreements. Through the  application  of such minimum labor standards, some of the multinational corporations that consider themselves with key investors in the  foreign  economies kept at bay. As, such they lack the opportunity to  threaten  such economies with the rights

Annual Report in Corporate America Today Research Paper

Annual Report in Corporate America Today - Research Paper Example Securities Exchange Commission (SEC) was established in the year 1929 after the Great Depression and market crash of 1929-1930. The SEC Act in 1934 was passed in order to meet the fears of the investors and encourage them to invest in the stocks again. In this scenario, companies started preparing annual reports. SEC filings contain only the financial part, but the annual report also includes the non-financial performance of the company. It describes the organizational structure and the other internal aspects of the company so that the investors and shareholders can get a transparent picture of the company. The annual report was a push for corporate accountability. Purpose Annual report is a powerful tool for the shareholders and the investors because the information available in the annual report gives them a complete picture regarding the financial and the financial condition of the company. ...to present the true picture of the company in the external environment, so that the resu lts of the internal business functions are clear in front of the investors. In the turbulent economic situation, when most of the companies are becoming victims of insolvency, investors are apprehensive to take decisions. In such a situation it becomes important for a company to publish a detailed annual report. The significant amount of research studies have been conducted in the field of accounting information conveyed through the prices of securities of a company (Gonedes, and Dopuch, 1974). However, not much research studies have been undergone regarding the usefulness of financial statements for facilitating the decision-making process of investors of a company. In one of the research studies, it has been argued by Chang, Most, and Brain (1983) that the information that is present in the financial statements published by a company assist the investors for their investment decision purposes in a significant way. Merits and Demerits Annual report is an important document issued b y the company to reveal its financials at the end of the year. So this signifies that purpose of preparing the report is positive and for the advantage of the investors and shareholders. Moreover, there are lots of other information that play the significant role in analyzing the marketing aspect of the company such as the market share, position among the competitors, target customers of the company, etc. The report also includes a sustainability analysis of the company. Other than this, the community programs designed for delivering the social responsibility is also described with statistics, so that solid proof can be provided to the shareholders regarding the spending of the company.