Choose a publicly traded company that you can conduct research on. Analyze the e
ID: 368409 • Letter: C
Question
Choose a publicly traded company that you can conduct research on. Analyze the elements of that organization’s environment. Discuss the board of directors and their practices in regard to social responsibility in the organization. Discuss the shareholders and other stakeholders in regard to corporate social responsibility. Overall, would you consider this company to be “socially responsible”, and do you feel that that corporate governance is effectively structuring social responsibility and ethical behavior?
Explanation / Answer
Publicly traded company: Titan Machinery Inc.
Elements of the Organisation environment:
SLEPT: SOCIAL LEGAL ECONOMIC POLITICAL AND TECHNOLOGICAL:
SOCIAL: The Social factors such as demographics, skills of the people, class of the population, Attitude, education level, entrepreneurial skills etc. effects the company performance in the any particular reason.
LEGAL: The legal factors such as Laws related to the security such as data security heath security, employment security etc, Discrimination Law, consumers protection laws, Intellectual property law etc. have made the impact on the business of the Titan company.
ECONOMIC:
The economic factors depend upon the economic situations of the particular country or the region. The type of market country contains, exchange rates, Unemployment rate, Inflation, growth rate, Business cycle stages, Interest rates etc are the certain factors which influences the company business.
POLITICAL: The political factors such as stability of government in the country, corruption in the country, Price regulation, Tax benefits, Intellectual property protection act, etc. would leads the company to the higher level of business operation.
TECHNOLOGICAL: The technological factors such as rate of enhancement in technology would leads to the show the results of the technological developments. As the technology is growing day by day which brought the competitors to the company. Technology has changed the supply chain method of the company and also impacted on the product offering.
The board of directors and their practices in regard to social responsibility in the organization are as follows:
There are eleven Board of Directors of the company. Among which five are Directors, two are independent director, one is Lead Independent director, one is Chief Finance Officer, one is chairman of board and a chief operating officer -VP. They are responsible for their individual task processes. There social responsibility done are as follows:
Overall, Yes, I would consider this company to be “socially responsible” and also feel that corporate governance is effectively structuring social responsibility and ethical behaviour. As per the CSR activities done by the company shows that the company is taking care of ethical behaviour maintained by the company. In order to do the CSR activity, the particular structuring should be followed. Structuring the social responsibility only leads to proper implementation of the CSR.