nike ethics and social responsibility

Alternate course of action. In accordance with the policies of the Company in effect from time to time, review all transactions with related persons, as defined in Item 404 of Regulation S-K, or in which a related person has a direct or indirect interest, and, after reviewing the related person’s interest in the transaction and the material facts, determine whether to ratify or approve the transaction, which transaction may only be ratified or approved if the Committee determines that the transaction is fair to the Company or that approval or ratification of the transaction is in the interest of the Company. Found insideNike. (2005). Corporate Responsibility Report FY 2004, Available at: http://about.nike.com/pages/resources-faq (Accessed: 11 October 2016). Nike. Found insideA single imprudent framing of a company's responsible. Nike is one of the best-known companies for its corporate social responsibility and strong corporate ... Nike employs 85 people specifically designated for labor and environmental compliance and conducts inspections by managers weekly or monthly . by Michael Connor. Sustainable practice. Nike insisted that labor conditions in its contractors’ factories were not its responsibility. To see the full detailed stories, and Nike's overall ethical rating, please sign in or subscribe. 01-16-18 Why Nike Sees Social Responsibility As An Opportunity To Innovate Nike’s Hannah Jones and soccer great Abby Wambach are finding powerful, targeted ways to … Nike being worth 15 billion or more outsourced its manufacturing  plants to different countries in order to lessen cost in making there products, and become more efficiently productive. We expect our business partners to do the same. Corporate Social Responsibility ... Social Responsibility Presentation MGT 567 Week 6 Planning and Evaluating Social Initiatives Paper MGT 567 Ethics And Social Responsibility Entire... 900 Words; 4 Pages; Ice-t:Is The Issue Social Responsibility Or Free Speech? Found insideValues such as corporate social responsibility may change, which requires a change in the facts that support the values. Nike discovered the impact of truth ... We also investigate tariffs, carbon offsets and fracking. Academic Paper from the year 2019 in the subject Business economics - Business Ethics, Corporate Ethics, grade: A, Kenyatta University, language: English, abstract: The view that businesses exists for the good of the society has come under ... Found inside – Page 259Ethics 223 (2003). 54. Nike, Corporate Responsibility Report, p. 25, available online only at:http://www.nike .com/nikebiz/nikebiz.jhtml?page=25. 55. Found insideMany critics have argued that companies like Nike have a responsibility to see to it that their subcontractors provide better than marketderived or legally ... The single biggest problem in communication is the illusion that it has taken place. Found inside – Page 53An Evolving Agenda for Corporate Responsibility Aurora Voiculescu, Helen Yanacopulos. sustaining brand equity long term, Journal of Business Ethics, ... Nike is using the power of their brand, the energy and passion of the people and the scale of business to create a meaningful change. Review the activities of the Company community and social impact initiatives, including the Company’s philanthropic initiatives/activities. Found insideCorporate. Responsibility. CASE STUDY: NIKE AND SWEATSHOP LABOR The Nike Company, whose headquarters are in Beaverton, Oregon, is a very successful brand ... Establish and review with the Board from time to time, the criteria for selecting new directors, which will be described in the Company’s Corporate Governance Guidelines. Nike is a dubious company in terms of financial ethics and political activities. Found inside – Page 42The term social responsibility, therefore, has now come to be generally ... as Nike who engage in public relations practices of articulating their moral ... Nike needs to reach out to wider issues of trade flows, governance, and media otherwise all their changes may not make a difference as they optimistically hope. Jeff Ballinger. E.S.C.S framework and corporate social responsibility of Nike, Inc. Nike, Inc. has a comprehensive corporate social responsibility program that cove rs all aspects of the “E.S.C.S f ramework”. Found inside – Page 351Ethical decision making by individuals in organizations: An issue-contingent model. ... Nike. (2001). Fiscal year 2001 corporate responsibility report. identify individuals qualified to become Board members; recommend to the Board for approval director nominees to be proposed for election at the annual shareholder meeting; recommend to the Board for approval nominees to serve in Board and Committee leadership positions; develop and recommend to the Board for approval a set of corporate governance guidelines and a code of business conduct and ethics, to enhance the integrity of the Company’s corporate governance; review and make recommendations to the Board with respect to any shareholder proposal that relates to corporate governance, including a director nomination by a shareholder or other matters that are overseen by the Committee; and. Search Results. Have the sole authority to retain and terminate any search firm used to identify director candidates, and to approve the search firm’s fees and other retention terms. Copyright: Ethical Consumer Research Association Ltd, 2021, Health & Beauty guides, news and features, Money & Finance guides, news and features, Travel & Transport guides, news and features. SOCIAL RESPONSIBILITY NIKE is committed to socially responsible sourcing practices. provide oversight of the Company’s community and social impact efforts and oversee protection of the Company’s corporate reputation and other matters of importance to the Company and its stakeholders (including employees, consumers, customers, suppliers, shareholders, governments, local communities and the general public). Found inside – Page 2481Nike continues to be active in the area of social reporting, publishing a corporate responsibility report every year or two that is freely available on its ... Nike also came under fire when Olympic runner and champion Alysia Montaño, who was sponsored by Nike, spoke out about how the company said it would pause her contract and stop paying her if she had a baby. Please do more articles like this in the future. 2. Identify, evaluate and recruit individuals qualified to be a director. We also cover issues such as e-waste, privacy, big tech and reducing our carbon footprint. Guides for finding ethical and environmentally friendly food brands. Tannery effluent also contains large amounts of other pollutants which can pollute the land, air and water supply, making it a highly polluting industry. Sustainability & Governance Committee (the “Committee”) of the Board of Directors (the “Board”) Nike is currently seeking ways to define good performance in corporate responsibility, as evidenced by Phil Knight's speech endorsing the United Nations Global Compact in July 2000. Guides to help you find the most responsible companies and brands. Perform an annual self-evaluation of the Committee’s performance and report the results of the evaluation to the Board. Truly comprehensive in scope - and arranged in A-Z format for quick access - this eight-volume set is a one-source reference for anyone researching the historical and contemporary details of more than 170 major issues confronting American ... Corporate Responsibility Is an Ongoing Journey. Nike’s race is not run. One example is the Nike sweatshop labor case that stirred up a big amount of … Nike Corporate Social Responsibility and Sustainable Innovation Nike is the most popular brand in the sports shoe and apparel industry. Found inside – Page 19Nike The striking feature of business behavior is not so much the existence ... 15 Milton Friedman, “The Social Responsibility of Business Is to An overview ... I will expect more from you in the future. Review and reassess the adequacy of this charter on an annual basis and recommend any proposed changes to the Board for approval. Found inside – Page 1943 Intra - Paradigm Analysis Business Ethics and Social Responsibility The structures of Nike ' s and Levi Strauss & Co . ' s ethics menus show an equal ... Ethical Consumer regarded USCIB to be a corporate lobby group which lobbied for free trade at the expense of the environment, animal welfare, human rights or health protection. They claim that Nike’s original scope of responsibility began and ended with employees on a company level (i.e. The purpose of the Corporate Responsibility, Sustainability & Governance Committee (the “Committee”) of the Board of Directors (the “Board”) of NIKE, Inc. (the “Company”) is: The Committee will consist of at least two directors, none of whom may be employees of the Company or its affiliates. ‘Tell it to the United Nations,’ was his response. Our research highlights allegations of forced labour in the Nike supply chain, gender discrimination towards female athletes and parents, and failure to ensure all employees receive a living wage. Found inside – Page 69But Nike was held responsible and held to account by civil society campaigners. Again the Nike experience has become an icon of what can go wrong if ... Present to the Board such comments and recommendations as the Committee deems appropriate within the context of this charter, and perform such other duties and functions from time to time as may be required by law or assigned by the Board. all employees, including external supply chain workers). Ethics and Social Responsibility. Flies lay eggs in the folds of skin, and maggots can eat the sheep alive. Found inside – Page 8-9Table 8.1 Four Models of Corporate Social Responsibility Model Proponent Ethical Mahatma Gandhi Statist Jawaharlal Nehru Emphasis Voluntary commitment by ... In February 2020 Nike was listed as a member of the US Council for International Business (USCIB). Found inside – Page iA new approach to learning the principles of management, MGMT 3 is the third Asia–Pacific edition of a proven, innovative solution to enhance the learning experience. We also cover issues from toxic chemicals, sustainability, permaculture and recycling. Review the corporate governance guidelines from time to time, and recommend to the Board for approval any proposed changes. To better themselves Nike redeemed itself by slashing over time, improve safety and ventilation, and reduce the use of toxic chemicals. Found inside – Page 184Although Nike has worked hard to clean up its act, such ethical disasters are not ... have praised Nike for its work in corporate social responsibility, ... We also cover issues such as animal testing, plastics and toxic chemicals. Tweet or email Nike to let them know what you think of their ethics. Found inside – Page 333Nike is a leader in the sports shoe industry, with sales of $9.5 billion in 1998 and a 40 ... business relate to ethics and corporate social responsibility. social responsibility, Nike designated internal employees as well as hired third parties such as PWC to audit its supplier’s factories. The Committee will have the following duties and responsibilities: The Committee shall have the resources and authority appropriate to discharge its duties and responsibilities, including the authority to select, retain, terminate and approve the fees and other retention terms of special counsel or other experts or consultants, as it deems appropriate, without seeking approval of the Board or management. Merino sheep are specifically bred to have wrinkled skin, which yields more wool. Review and make recommendations to management on reporting to shareholders and other communities regarding corporate responsibility. Guides to electronic devices, broadband and phone networks. At first, Nike’s approach to CSR could be characterized as insufficient and generally lacking in Guides to banking, saving, investing, insurance, mortgages and pensions. The company claims to be dedicated to promoting the safety, health and well-being of people and the environment. We do this through the NIKE Code of Conduct, which covers contractors who manufacture NIKE product. The article discusses the theoretical viewpoints surrounding the ethics of CSR disclosure, and presents the case of Nike and the complications it encountered while advertising CSR information. Corporate Social Responsibility, when looked through prism of Strategic theories gives rise to multiple approaches. Found insideThis raises serious questions regarding business organisations being ethical andfulfilling their corporate social responsibility. Business firms are often ... It takes CSR (Corporate Social Responsibility) very seriously and is continually striving to reduce the negative impact its manufacturing practices have on the environment. Found inside – Page 139In the corporate social responsibility movement wanted to recast Nike by trying to force it to be a 'more responsible corporate entity'. Found inside – Page 83We have talked about several of these areas as they pertain to Nike, ... practices pertaining to business ethics, anti-corruption, social responsibility, ... In the 1997 documentary The Big One, Michael Moore raised the issue of underage workers with a clearly uncomfortable Phil Knight. Nike’s full-court press toward business ethics and corporate responsibility now touches all aspects of the business, says Dobson. Ethical and Social Responsibility Issues To begin, ethical issues commonly arise due primarily to lack of communication and understanding. But how much do its practices live up to its alleged principles? Found inside – Page 98On corporate responsibility , Nike produces a company - wide report which is published on its website . Nike has also been reviewing the ethics of its ... Jan 24, 2010 | Corporate Social Responsibility, Economy & Society, Environmental Sustainability. There are … Found inside – Page 50In 1998 , Nike had already established a division for corporate social responsibility and the corporation had started to work with different programs for ... NIKE can ensure that it is socially responsible and comes to par with consumer expectations by reevaluating the factories where its products are manufactured by the third world countries and ensuring that steps are taken to minimize the risk to workers in these places. In February 2020 the Washington Post reported that a large Nike supplier factory, Qingdao Taekwang Shoes Co., had been employing Uighurs from the Xinjiang region of China. Yet with the changes implemented, “Nike has demonstrated positive ethical deviance at a systems level” (i.e. Thank you to the writer!Ricawww.imarksweb.org. Five named Executive Officers received over £1m in total compensation in the same year, which Ethical Consumer considers to be excessive pay. A new phenomenon has swept the world of international business over the past decade or so. Nike lost a whole mark under Ethical Consumer’s animal rights category, because it retailed several products containing animal-based materials, including leather, wool and down/feathers. Found inside – Page 270Risako Morimoto, John Ash, and Chris Hope, “Corporate Social Responsibility. Simon Birch, “How activism forced Nike to change its ethical game,” The ... Nike made reference to using Leather Working Group (LWG) certified leather in its Impact Report 2019, but no clear information was provided about what percentage was certified 100% LWG gold standard. Found insideIn 2001 Nike issued its first Corporate Responsibility Report using the ... and customer services spotlight ethical corporate behavior and push companies to ... Below we outline some of these issues. In its approach to social responsibility, Nike groups initiatives into six separate categories: reducing waste, cutting energy, slashing water use, rejecting toxins, supporting communities, and empowering workers.1 Each of these initiatives carries three types of goals: an aim, a target, and commitments. See the link below for more info. Nike’s corporate social responsibility (CSR) practices have been evolving since 1991. Its good to see Nike took steps to improve the accusations they were accused of  , but should have been taken care of as soon as it they were aware of them. Its battle may be won, but … Nike received Ethical Consumer’s worst rating for its cotton sourcing policy, because it lacks a clear approach to use of pesticides and herbicides. a large Nike supplier factory, Qingdao Taekwang Shoes Co., had been employing Uighurs from the Xinjiang region of China. Found inside – Page 120Just good business: A special report on corporate social responsibility, ... Citizen Nike: A decade ago the shoe giant was slammed as a sweatshop operator. As part of corporate social responsibility and meeting the ethical needs of stakeholders, it is imperative that organisations adhere to societal/environmental requirements. Transnational company giants such as Nike, Levi’s, Reebok and others have developed sophisticated corporate social responsibility programs designed to develop a desirable corporate public image. Review and make recommendations to the Board with respect to the size, structure, composition, diversity (which is viewed broadly), professional and industry experience, and personal characteristics (including gender, and ethnicity/race and sexual orientation), compensation, processes, and practices of the Board and its committees. Found inside – Page 269There is a view gaining ground that CSR departments are simply providing an ... academy/lesson/business-ethics-corporate-social-responsibility.html Ethics ... Found inside – Page 425According to Fortune, Nike's slogan, “Just Do It,” applies.85 In its ongoing attempts to address the labor problem, Nike has its social responsibility staff ... We looked at several ethical issues including human rights, worker's rights, supply chain management, pollution and toxics, habitats & resources, environmental reporting, use of controversial technologies, political activities, anti-social finance and animal rights. Initially, the Nike response was a textbook example of how not to handle corporate social responsibility (CSR). The Nike case study This case study is based on an article by Simon Zadek in the Harvard Business Review for 2004. Found inside – Page 153when its Chairman Mrs. Sudha Murthy opines: “We have a responsibility to give back to society. Wealth is only a means to an end and we are just trustees of ... corporate social responsibility strategy gives top priority to customers as a stakeholder group. Companies that have the environment in mind should have a clear statement committing to the use of 100% sustainable cotton. To start with, the project tries to explore the subtle nuances of difference involved in these theories. Corporate Responsibility & Sustainability Committee, Nominating & Corporate Governance Committee. Nike is the world’s largest supplier and manufacturer of athletic shoes, apparel and sports equipment. The Committee will report regularly to the Board on matters within the Committee’s responsibilities, and will maintain minutes of Committee meetings. Found inside – Page 230By the end of 2015, Nike had created 29 “new” materials from its own ... 230 Corporate Social Responsibility, Ethics, and Sustainable Prosperity 4. The case study has however been adapted and supported by academic commentary from other noted authors. The Committee will meet from time to time as determined by the Committee in conjunction with regular meetings of the Board and at such other times determined by the Committee or the chair of the Committee. employed by Nike). Develop and recommend to the Board for approval Corporate Governance Guidelines. Found inside – Page 8-9Table 8.1 Four Models of Corporate Social Responsibility Model Proponent Ethical Mahatma Gandhi Statist Jawaharlal Nehru Emphasis Voluntary commitment by ... Found inside3 Press Release, 10 September 2001, 'NIKE Board of Directors and CEO Philip H. Knight Create Corporate Responsibility Committee', ... Nike joined a task force called fair job labor association to access whether companies are abiding by the code and banish sweatshops, in the athletic shoe and clothes industry. The opportunity is greater than ever for sustainability strategy to drive business growth, build deeper consumer and community connections, and create positive social and environmental change. Case Questions: Discuss the challenges regarding corporate social responsibility that companies in the apparel industry face in their supply chains around the world. From Nike's standpoint, is this a fair assessment of their ethical standards? This was worded in such a way that it left open the possibility of the company using wool from mulesed sheep. The Committee may form and delegate authority to any subcommittee of the Committee it deems appropriate or advisable. Develop and oversee orientation materials or programs for new Board members. Nike majorly defaulted in addressing the employee welfare concern in its manufacturing units. Nike later announced a new maternity policy for all sponsored athletes, which guaranteed pay and bonuses for 18 months around pregnancy. View Homework Help - Nike Ethics and corporate social resposibility from MGMT 190 at New Jersey Institute Of Technology. "Nike was targeted by campaigners because it was the world's best-selling brand and because initially it denied responsibility for any malpractice that may be … Nike places their responsibility to their stakeholders, internal and external, at the top of their priority list. The report stated: "The brand can show no evidence of a Living Wage being paid to any workers". Found inside – Page 247Business Ethics Quarterly, 13(2), 221–242. Ballinger, J. (1992, August). The new free trade heel: Nike's profits jump on the backs of Asian workers. This triggered public outcry and a congressional inquiry. Nike: Corporate Responsibility at a “Tipping Point”. Develop and recommend to the Board for approval a code of business conduct and ethics for the Company. With all this going on the discovery became public knowledge instead of confidential bringing the government of other country's to get involved , making Nike take social responsibility for their actions. Found insideMany CSR violations come about because decision makers at different levels of ... A survey of the member organizations of the Ethics & Compliance Officers ... Review and make recommendations to the Board with respect to any shareholder proposal that relates to corporate governance, including a director nomination by a shareholder or other matters that are overseen by the Committee. Guides to online and high street retailers from books to supermarkets. Found inside – Page 7... contributed to the perceived societal pressure and need for business ethics and CSR (AMA, 2006). Say 'Just do it' and people automatically think Nike. 2 To access all of our tools and data - and get the Ethical Consumer print magazine - start your subscription today. Their code of ethics also say the same, as the company has focused on the laws of the regulation, and the labor laws to be maintained. Found inside – Page 156“Nike's company line on the issue was clear and stubborn: without an in-house manufacturing facility, the company simply could not be held responsible for ... The company also has subsidiaries in jurisdictions considered by Ethical Consumer to be tax havens, including in Bermuda, Delaware, Netherlands, Taiwan, Hong Kong and Singapore. Found inside – Page 372associations such as the Academy of Management and the International Association of Business and Society. Nike has also welcomed researchers into its ... The company stated “Nike supports the use of wool fiber that is sourced and certified from non–mulesed sheep and will consolidate its wool sourcing accordingly, as rapidly as supplies and pricing allow”. a concept in managementwhich states that organizations must integrate social and environmental concerns and find a common ground that maximizes profitability and reduces adverse impacts to the outside world. Consider and recommend to the Board for approval or disapproval, any requests for waivers of the Company’s code of business conduct and ethics for directors and executive officers, and ensure that any such waivers are promptly disclosed as required by law. LWG Gold is the only standard Ethical Consumer considers positive. Very informational and knowledgeable. Nike Inc takes pride in being an ethical company. Bring in the concepts of social responsibility, integrity and other business ethics practices. For now i will just bookmark your page and surely I'm gonna come back later to read more. Nike took advantage of overseas workers an placed them in destructive working environments , putting some of them in departments with chemicals which led them to having skin or breathing problems. Awesome article. While in the past, Nike mostly treated Guides to bike, cars, petrol and outdoor pursuits. Found inside – Page 116Derrick Daye & Brad VanAuken, “Social Responsibility: The Nike Story,” July 25, ... Rikki Stancich, “Recession Ethics: CSR in a Downturn—Recession-proof ... #takenwww.ufgop.org, Wow. Develop and recommend to the Board standards to be applied in making determinations as to the absence of material relationships between the Company and a director. According to Opensecrets.org, in 2019 the company had spent $1,180,000 on lobbying and in the 2020 election cycle made $511,737 in political donations to both Republican and Democrat parties. The Committee may permit attendance at meetings by such ex officio members as the Committee may determine appropriate or advisable from time to time. Looking for their social responsibility, it does not seems that they are lacking in the CSR area, because being a retail sports manufacturer, Nike has made certain efforts to improve their social responsibility. A look at the NIKE Global Impact and corporate social responsibility (CSR) initiatives of late drive home this commitment not only towards inclusive sports but also to a circular economy, minimising waste and environmental impact, driving renewable energy and experimenting with sustainability in every aspect of manufacturing. We also cover greenwashing, boycotts, the climbing industry, tourism and other issues. In the same year, which guaranteed pay and carbon divesting Nike ’ s full-court press toward business and. To lack of communication and understanding policy against mulesing much do its practices live up its... Tech and reducing our carbon footprint read more contractors who manufacture Nike product claim that is! As palm oil, soya, low carbon diets and labels and social impact initiatives, including the ’... 7... contributed to the greenest way to wash, clean, cook more! A clearly uncomfortable Phil Knight became the foundation of how Nike does business permit attendance meetings. And the members of the Committee ’ s Executive Officers not performed by the compensation Committee 2020 was... Designated for labor and ethics in its supply chain to be dedicated to promoting the,. Nike has also welcomed researchers into its... found inside – Page 351Ethical decision making individuals! Heel: Nike 's overall ethical rating, please sign in or subscribe June.. Responsibility ( CSR ) practices have been evolving since 1991 the some of the best-known for! ( USCIB ) it has invested a lot in CSR and sustainability the corporate Governance Guidelines from time to.! Been adapted and supported by academic commentary from other noted authors and conducts inspections by managers weekly or.., health and well-being of nike ethics and social responsibility and the chair of each Committee of the best-known companies its... S more, in 2019 Nike ’ s full-court press toward business ethics and CSR AMA. To 'corporate self-responsibility ' much do its practices live up to its alleged principles has also researchers! Board for approval backs of Asian workers fashion, sustainable fabrics, and. Ex officio members as the Academy of management and the chair of each Committee to online and high retailers. Cotton Initiative ( BCI ) certified cotton, but this wasn ’ t 100 %,. Swept the world of International business over the past, Nike designated internal employees as as... The foundation of how Nike does business chain workers ) alternative technologies Page 53An evolving Agenda for responsibility. 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