CSR
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Section 135 of the India Companies Act of 2013 requires companies with net worth, revenue, or
net profit above certain established thresholds to spend at least 2 percent of their average net
profit of the preceding three years on CSR activities. The act has had a major impact in increasing
spending on CSR activities in India. Four of the country’s top IT service firms—Tata Consultancy
Services Ltd., Wipro Ltd, Infosys Ltd., and Tech Mahindra Ltd.—spent about $96 million on CSR
activities within India during the first year this rule was in effect. That is 4.7 times the amount
they spent on CSR initiatives the previous year, when the rule was not yet in effect. Collectively,
these four firms generate over $35 billion in annual revenue.
The companies’ CSR activities include efforts to eradicate hunger, poverty, and disease; promote
education, gender equality, and women’s empowerment; reduce child mortality; improve
healthcare and sanitation; and provide safe drinking water. Does mandated CSR spending by all
organizations within a particular country or market reduce the benefits an individual organization
can expect to gain from its CSR programs? Do you think the United States should pass a law
similar to Section 135 of the India Companies Act? Why or why not? If so, should the amount
required for CSR spending be higher than two percent of average net profit?
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- The following quote appeared in an article entitled ‘Business and society in the coming decades’, which was available on the website of McKinsey & Company (accessed in October 2015). “There are compelling reasons companies should seize the initiative to drive social and business benefits. First, in an interconnected world facing unprecedented environmental and social challenges, society will demand it. Increasingly, a basic expectation among customers, governments, and communities will be that the companies they do business with provide a significant net positive return for society at large, not just for investors. This will be part of the implicit contract or license to operate”. Now a) Explain the above statement in the context of corporate social responsibility. b) Further, do you think such a statement would impact the perceived ‘legitimacy’ of companies? Explain.The following quote appeared in an article entitled ‘Business and society in the coming decades’, which was available on the website of McKinsey & Company (accessed in October 2015). “There are compelling reasons companies should seize the initiative to drive social and business benefits. First, in an interconnected world facing unprecedented environmental and social challenges, society will demand it. Increasingly, a basic expectation among customers, governments, and communities will be that the companies they do business with provide a significant net positive return for society at large, not just for investors. This will be part of the implicit contract or license to operate”. Required: a) Explain the above statement in the context of corporate social responsibility.b) Further, do you think such a statement would impact the perceived ‘legitimacy’ of companies? Explain.The following quote appeared in an article entitled ‘Business and society in the coming decades’, which was available on the website of McKinsey & Company (accessed in October 2015).“There are compelling reasons companies should seize the initiative to drive social and business benefits. First, in an interconnected world facing unprecedented environmental and social challenges, society will demand it. Increasingly, a basic expectation among customers, governments, and communities will be that the companies they do business with provide a significant net positive returnfor society at large, not just for investors. This will be part of the implicit contract or license to operate”.Required:a) Explain the above statement in the context of corporate social responsibility.b) Further, do you think such a statement would impact the perceived ‘legitimacy’ of companies? Explain.
- The following quote appeared in an article entitled ‘Business and society in the coming decades’, which was available on the website of McKinsey & Company (accessed in October 2015). “There are compelling reasons companies should seize the initiative to drive social and business benefits. First, in an interconnected world facing unprecedented environmental and social challenges, society will demand it. Increasingly, a basic expectation among customers, governments, and communities will be that the companies they do business with provide a significant net positive return for society at large, not just for investors. This will be part of the implicit contract or license to operate”. Required: a) Explain the above statement in the context of corporate social responsibilityThe following quote appeared in an article entitled ‘Business and society in the coming decades’, which was available on the website of McKinsey & Company (accessed in October 2015).“There are compelling reasons companies should seize the initiative to drive social and business benefits. First, in an interconnected world facing unprecedented environmental and social challenges,society will demand it. Increasingly, a basic expectation among customers, governments, and communities will be that the companies they do business with provide a significant net positive return for society at large, not just for investors. This will be part of the implicit contract or license to operate”.Required:a) Explain the above statement in the context of corporate social responsibility. [Word limit 150-200words] b) Further, do you think such a statement would impact the perceived ‘legitimacy’ of companies?Explain. [Word limit 200 – 250]Durant Limited is a construction company based in Malawi and has presence in almost seven countries in sub-Saharan Africa . Because of the aggressive government construction programs in the region, the company has seen an increase in its orders and has reached a point where a significant amount of finance is needed to source future growth. The board recently decided to list the business on the Johannesburg Stock Exchange and is currently examining the full implications of this decision on its operations. The Board Chairperson has argued that a stock exchange listing may alter the way in which the business views their dividend policy. However, the CEO has insisted that the dividend policy is unimportant as the pattern of dividend has no effect on shareholder wealth. Key data on the dividend policy adopted is as follows: Financial year end Profit after tax (K'000) Ordinary dividends (K'000) Ordinary shares in issue (K'000) 2013 1,140 480 1,500 2012 990 550 2,200 2011 1,232 1,056…
- XYZ Industries Company operates in Oman and supplies its products to the Omani and local market in addition to the Gulf markets.With the beginning of 2020, the Cocod-19 crisis appeared which affected the economies of all countries around the world. The impact of Cocod-19 on the work of companies varies according to the industrial sector in which the company operates.With the beginning of the year 2021, the government began applying value-added tax ( VAT) , which has a direct impact on the prices of goods and services provided in Oman.Based on what you have studied on the topic of risks and returns in the corporate finance course, answer the following questions: 1- What are the most important types of risks that XYZ Industries Company was exposed to in Oman? (Risks are: default, Inflation, Maturity, Liquidity)2- What are the most important measures that can be taken to reduce these risks?3- What is the potential impact of VAT on the company?This case explores Alibaba’s record setting IPO. Alibaba, China’s largest e-commerce company, was founded in 1999 with a $60,000 investment from entrepreneur Jack Ma. The company has since grown to be one of the world’s largest online e-commerce companies with transactions exceeding those of Amazon and eBay combined. In 2013, Alibaba’s leaders decided it was time to take the company public. Alibaba hoped that by going public, it would raise the cash necessary to finance improvements to its infrastructure that would allow the company to continue its rapid growth. Alibaba also felt that an IPO would put it in a better position to implement an acquisition strategy. In addition, an IPO would give employees an option to sell their shares in the company. Following the decision to go public, Alibaba explored where to hold its IPO. Initially, Hong Kong looked to be a strong choice, however it was later rejected when it became clear that local regulations could effectively cause Alibaba to…CONVEX Ltd. is a new company that was established on 1st January, 2020 to oversee the production of coronavirus vaccines for Ghana. On 1st July, 2020, CONVEX Ltd. acquired 75% shares in CONCAVE Ltd., a pharmaceutical company, to speed up the vaccine production. As a new graduate from UGBS, CONVEX Ltd. has employed you as their accountant. At a management meeting held, a number of issues were raised about how CONVEX Ltd. should deal with its transactions and investment in CONCAVE Ltd. and the need to conduct financial ratio analysis to determine the profitability and sustainability of CONCAVE Ltd. In a memo to management, provide your views on how the following issues should be addressed. Issue CCONVEX Ltd. is planning to sell 30% of their shares to another company who wants to support local production of the vaccine. How will this transaction affects the preparation of CONVEX Ltd.financial statements for the next accounting period? Issue DAssuming you have done the financial ratio…
- This case explores Alibaba’s record setting IPO. Alibaba, China’s largest e-commerce company, was founded in 1999 with a $60,000 investment from entrepreneur Jack Ma. The company has since grown to be one of the world’s largest online e-commerce companies with transactions exceeding those of Amazon and eBay combined. In 2013, Alibaba’s leaders decided it was time to take the company public. Alibaba hoped that by going public, it would raise the cash necessary to finance improvements to its infrastructure that would allow the company to continue its rapid growth. Alibaba also felt that an IPO would put it in a better position to implement an acquisition strategy. In addition, an IPO would give employees an option to sell their shares in the company. Following the decision to go public, Alibaba explored where to hold its IPO. Initially, Hong Kong looked to be a strong choice, however it was later rejected when it became clear that local regulations could effectively cause Alibaba to…CONVEX Ltd. is a new company that was established on 1st January, 2020 to oversee the production of coronavirus vaccines for Ghana. On 1st July, 2020, CONVEX Ltd. acquired 75% shares in CONCAVE Ltd., a pharmaceutical company, to speed up the vaccine production. As a new graduate from UGBS, CONVEX Ltd. has employed you as their accountant. At a management meeting held, a number of issues were raised about how CONVEX Ltd. should deal with its transactions and investment in CONCAVE Ltd. and the need to conduct financial ratio analysis to determine the profitability and sustainability of CONCAVE Ltd. In a memo to management, provide your views on how the following issues should be addressed. Issue A At the meeting, executive members could not agree on whether CONVEX Ltd. should prepare and present both separate and consolidated financial statements. Some of the executive members raised issues that CONVEX Ltd. does not need to prepare consolidated financial statements because it is simply…CONVEX Ltd. is a new company that was established on 1st January, 2020 to oversee the production of coronavirus vaccines for Ghana. On 1st July, 2020, CONVEX Ltd. acquired 75% shares in CONCAVE Ltd., a pharmaceutical company, to speed up the vaccine production. As a new graduate from UGBS, CONVEX Ltd. has employed you as their accountant. At a management meeting held, a number of issues were raised about how CONVEX Ltd. should deal with its transactions and investment in CONCAVE Ltd. and the need to conduct financial ratio analysis to determine the profitability and sustainability of CONCAVE Ltd. In a memo to management, provide your views on how the following issues should be addressed. Issue Assuming there is the need for CONVEX Ltd. to prepare consolidated financial statements and CONCAVE Ltd. has presented its separate financial statement to CONVEX Ltd., comment on how the following transactions between CONVEX Ltd. and CONCAVE Ltd. will be accounted for in the consolidated…