Apunts Corporate Responsability (2016)

Apunte Inglés
Universidad Universidad Rovira y Virgili (URV)
Grado Administración y Dirección de Empresas - 3º curso
Asignatura corporate responsability
Profesor G.
Año del apunte 2016
Páginas 3
Fecha de subida 15/11/2017
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Stakeholders Broadly speaking, a "stakeholder" refers to anyone with an interest in a given business or organization.
Although all stakeholders can affect or be affected by the organization's actions, objectives, and policies, not all stakeholders are equal. Primary stakeholders are usually internal stakeholders who engage in economic transactions with the business, such as shareholders, customers, suppliers, creditors, and employees. In contrast, secondary stakeholders are usually external stakeholders who may not necessarily engage in direct economic exchange with the organization. Examples of secondary stakeholders include the general public, communities, activist groups, business support groups, and the media.
SHAREHOLDERs Owners of shares are shareholders. Shareholders enjoy certain rights, such as the ability to vote on issues affecting the corporation. A shareholder can hold interest in privately held corporation, meaning that the shares are only available to a small group of individuals. A public corporation offers shares to the public, and some corporations have millions of shareholders. Shares of public corporations are openly quoted and traded on a stock exchange or over-the-counter market.
??? Therefore, when shareholders look at the Annual Report of a company in which they have invested, they will be mainly concerned with measures, for example, historically, earnings per share, price/earnings ratio, intangible and tangible assets and dividend yield. A basic method of evaluating investments and making a judgement about the competence of the organisation in which they have invested is simply to make comparisons across similar companies.
Investors An investor is anyone who puts money or anything of value into a business or cause for a financial return.
Investors have a number of different companies and investment options to choose from and, if a company in which they have invested is not producing returns for them, they may sell their shares and invest elsewhere. Investors come in all forms. Some investors put money into startup businesses hoping that these companies will become the next industry leaders. These investors are referred to as venture capitalists. Angel investors are wealthy individuals who provide capital to a startup in exchange for ownership equity. But an investor can put his money into any business such as a sole proprietorship, partnership, limited liability company or corporation.
CSR to shareholders and investors Proactively provide disclosure to shareholders and investors through annual report. Provide information in timely and comprehensive manner and minimize the information gaps. The company should also place great importance on mutual communication in its relationship with shareholders and investors. Moreover company should hold its general meeting of shareholders on days when there arent other companies meetings e.g. by e-voting. Hold Investor Relations (IR) events and activities several times a year e.g. individual meetings, conferences, etc. The company's dividend policy should call for maintaining stable long-term dividends. Increase corporate value through stable, long-term growth and to improve the transparency of management through the timely.
B. Separating the Shareholder Roles and Director Roles With Angels and venture capital investors assuming active participation in company management, there is often some confusion about the respective roles of directors, shareholders, and management.
 The role of directors is one of stewardship. Directors are responsible for managing or, under some statutes, supervising the management of, the corporation. If the Board of Directors is dissatisfied with company management, its recourse is through the company's CEO. If the CEO is not performing as expected, the Board may replace him. 1  Shareholders make a financial investment in the corporation, which entitles those with voting shares to elect the directors.
Shareholders do not normally have any rights to be involved directly in company management. Their connection to company management is typically via the Board of Directors as described above. If shareholders are not satisfied with the performance of the directors, they may remove the directors or refuse to re-elect them.
Except for certain fundamental transactions or changes, shareholders normally do not participate directly in corporate decisionmaking and while, as a practical matter, boards want to know the views of the shareholders, strictly speaking, directors are not normally required to solicit or comply with the wishes of shareholders.
CSR, shareholders and investors conflict??? http://ww2.cfo.com/risk-management/2015/02/shareholder-value-csr-friends-foes/ Rights of shareholders Shareholders have one vote for each share they hold on a poll at a general meeting. They have the right to an equal share in any dividend. They have the right to an equal share in any surplus assets – that is, assets that remain when a company has paid its creditors before it is removed from the register. These rights can all be varied in a constitution.
Shareholders have no right to participate in the management of a company’s business or in its affairs (filing notice or documents with the Registrar, for example), unless the Act or the constitution allows this. Directors are appointed to manage the company’s business and affairs.
Shareholders' responsibilities Shareholders are the owners of a company.
Shareholders are not responsible for the day-to-day management of a company’s business or its affairs (filing notice or documents with the Registrar, for example), unless the Act or the constitution allows this.
They do however have the right to vote at meetings of shareholders on certain decisions about the running of the company. For example, changes to a company's constitution, approval of major transactions, authorising dividends.
Shareholders Rights  Voting on key issues  Right to transfer ownership  Receive company reports and announcements  Entitlement to dividends and other distributions  Entitlement to a final distribution on winding up  Participation in corporate actions  Right to sue to make the company act lawfully.
Duties  any unpaid amounts on the shares held by that shareholder;  any liability or obligations expressly provided for in the company’s constitution or shareholders’ agreement; and  liability for breach of directors’ duties if shareholders are considered to be directors (for example, if shareholders are provided with powers that would ordinarily be exercised by directors).
Investors Rights  To receive clear, accurate, easy-to-understand descriptions of all your transactions, statements, and other communications from Fidelity.
 To be informed clearly about all the costs associated with your account and the costs related to individual transactions, including commissions, sales charges, and other fees.
 To receive accurate and timely statements of your account, including detailed transactional information.
 To be provided with clear descriptions of Fidelity's policies and practices for protecting the privacy of nonpublic, personal information.
Duties CSR IN AUTOMOBILE INDUSTRY CSR IN KIA MOTORS http://www.kia.com/worldwide/about_kia/csr/about_csr.do http://pr.kia.com/en/company/about-kia/corporate-social-responsibility/about-corporate-socialresponsibilities.do http://pr.kia.com/en/company/about-kia/corporate-social-responsibility/trust-management.do http://pr.kia.com/en/company/about-kia/corporate-social-responsibility/social-responsibility.do http://pr.kia.com/en/company/about-kia/corporate-social-responsibility/about-corporate-socialresponsibilities.do ...