Mid Term

Satender Pal Singh – 500190933

Gurpreet Singh – 500173591

Deepak – 5001907202

Jorawar Bhaati - 500199440

1. Choose a company that you believe occupies the top (strategic partnership) of the CSR
pyramid.

We are picking an Amazon organization since we think as far as development and benefit,
Amazon unparalleled direction has been very noteworthy. The size of the organization tasks,
nonetheless, has not been without contention given that its yearly income keeps on
surpassing the Gross domestic product of a few countries. Up until this point, a ton of the
analysis has been on Amazon positions on natural maintainability, store network
straightforwardness, representative privileges, and local area commitment drives in the
spots where they have their corporate central command. Amazon needs to become carbon
unbiased, decrease natural effects, support staff contribution, and provide for good cause.
The business is committed to supporting the most elevated social obligation principles all
through the entire inventory network. All of Amazon providers should regard to ecological
guidelines, care for the wellbeing of representatives, treat them with nobility, and utilize
harmless to the ecosystem fabricating strategies.
2. Choose a company that you do not believe is corporate socially responsible.

We think Volkswagen is not corporate social dependable on the grounds that to lay out an
uncalled for advantage over its opponents and turned into the top vehicle producer on the
planet, by and large because of its probably harmless to the ecosystem vehicles, the
organization intentionally set off on a mission to plan a method for gaining around
discharges influence while at the same time harming the climate. This strategy was notable
at the most elevated levels of the organization. To surpass different makers as the top
maker on the planet, Volkswagen concluded it couldn't have cared less on the off chance
that its vehicles hurt the climate by delivering multiple times the allowed furthest reaches of
nitrogen oxide. The similitude’s to the tobacco business are frightening, particularly with
regards to the falsehoods we will acknowledge about the results of our activities similarly as
a huge number of drivers would like to proceed with keeps on supporting out unsafe gases
as long as their vehicle runs quicker and better, numerous smokers keep on letting
themselves know that the smoke they inhale isn't destructive.
3. What do you feel is the main challenge for managers and boards of directors with respect to
ingraining ethics into an organization’s culture and decision – making environment?

ERM control have an organisation risk management plan to address this disaster? in that case,
adhere to it! The board might also and have to ensure that control's method is sound and that it has
the inner and external resources and employees needed to respond and get better unexpectedly. To
successfully administer the ERM approach, help control in defining roles and duties simply. ensure
positive a sufficient reporting and conversation plan is in vicinity to hold all stakeholders up to date
in actual time.

Risk Management danger manipulate forums have to recognise management's bendy approach to
become aware of and reduce related dangers and preserve updated with it, whether or not it's miles
carried out "on the fly" or according with an established ERM plan. don't forget using a matrix
approach while reporting up; pick out the enterprise's purposeful areas and evaluate the risks
related to every. If appropriate, insist on geographic segmentation for bigger, international
organisations. As directors grow to be an increasing number of worried in how the business handles
monetary and different crises, now's an first-rate opportunity to evaluate D&O rules to ensure they
are in region and safeguarding the directors.

Staffing : What, if any, workforce changes are inside the management's plans? particularly, call for
sound commercial enterprise reason for stances concerning layoffs and furloughs. ensure that the
unexpectedly converting criminal and regulatory changes were taken into consideration in all
personnel plans.

The reaction of the authorities. Our nearby, nation, and federal governments are acting quick to
combat the pandemic, regularly in a fragmented and uncoordinated manner. Examples include
proscribing public gatherings, implementing tour and emergency restrictions, mandating paintings-
from-domestic and "safe haven-in-region" regulations, and ordering enterprise closures. The
outcomes that those sports have on operations and strategy ought to be monitored and addressed
by using control. also, make sure that control continuously evaluates if any regulatory movements
may offer additional channels for comfort, consisting of the now being proposed monetary stimulus
and job protection applications.

Cash Remains King. coins continues to be king. attempts to prepare with self assurance are being
severely hampered by using the present day monetary uncertainty and marketplace volatility. so one
can apprehend the extent of cash conservation required, strain-check the ERM method because it
relates to finance, and the company's brief- and long-time period funding needs, forums, particularly
audit committees, must work with management.

4. What is the difference between ethics and financial integrity? How are they interconnected?

The concepts and values that guide behavior and decision-making are referred to as ethics. The
concepts of honesty, fairness, respect, responsibility, and integrity are all included in the broad
category of ethics. On the other hand, financial integrity is the quality of being honest and adhering
to high ethical standards in financial transactions.

Although they are distinct concepts, ethics and financial integrity are inextricably linked. Financial
integrity is a component of ethical behavior, and ethical behavior is necessary for financial integrity.
When it comes to dealing with money, financial integrity necessitates that individuals and
organizations behave in an ethical manner, which includes being open, accountable, and truthful. In
turn, ethical behavior necessitates that people and organizations behave with honesty in all aspects
of their lives, including financial transactions.

Financial impropriety, such as embezzlement or fraud, can harm an organization's reputation and
financial health if there is a lack of ethics. In a similar vein, individuals and organizations may place
financial gain ahead of ethical considerations when they lack financial integrity, which can
undermine ethical behavior.

In conclusion, ethics and financial integrity are closely related because financial integrity is a
component of ethical behavior and ethical behavior is necessary for financial integrity. Both are
necessary for preserving trust, a good name, and financial security in both personal and professional
settings.

5. With new initiatives such as Bill 198 and Sarbanes-Oxley (SOX) put into place, and new global
reporting standards coming on-stream in this decade, do you feel that government and
regulatory bodies on their own can fully define and manage business ethics and ensure
financial integrity? Why or why not?

As a result, you've been discussing compliance with Bill 198, Canada's version of the
Sarbanes Oxley Act, with your lawyer and investment advisors (SOX). Companies are
required under that legislation to develop internal controls over financial operations and
reporting, monitor those controls, and provide documentation attesting to their efficacy.

Bill 198 has been called CSOX, with the "C" standing for Canada, because it and the Sarbanes
Oxley Act are so similar.
If you look at it as a more measured way of corporate auditing, Bill 198 and the SOX act are
all about management and accounting firms taking legal responsibility for their claims by
individually certifying corporate financials. In addition, the boards of directors now play a
prominent role in overseeing financial reports that are sent out under the corporate
letterhead.

Two of the reasons that the laws came into existence were the infamous scandals and
subsequent bankruptcies of the companies Enron and WorldCom in the United States. After
these issues, the United States, as well as many international countries, including Canada,
decided that investors must meet strict compliance requirements in reporting their
financials to avoid similar issues in the future.

The legislation gives a margin of financial certitude among fund managers, for example, as
they make their recommendations to investors and it is the name of the game today for
companies seeking outside investors.
6. How are these pillars different or the same?
The main pillars of The Hole's support structure are practical acquisition, community
development, and employee dedication. Security, environmental stewardship, and practical
greatness are the company's three main pillars of support. While there is some overlap in this,
The Hole places a greater emphasis on social responsibility, and ExxonMobil places a greater
emphasis on natural responsibility and security.
7. What does the result of this exercise tell us about the integrating CSR into strategy?

The exercise's outcome emphasizes the value of incorporating CSR into an organization's strategy
and culture. Businesses like Unilever that prioritize social responsibility and supportability are
destined to have a major advantage in terms of building relationships, maintaining a good
reputation, and achieving long-term success. Companies that adopt a more cautious distance
approach to CSR, like ExxonMobil, run the risk of appearing to be cut off from partner expectations
and suffering reputational harm.