On compensation, Nike is committed to seeing that the contractors pay the employees the at least the minimum wage or at least the existing market wage. This growth comes with is a big responsibility. Nike does not merely sell products these days. Nike should commit to a living wage before it seeks public relations kudos by funding charitable programs like this Funding university research and open forums on responsible business practices, including funding four programs in United States universities in the 1998-1999 academic year Nike had funded some research prior to 1998 but that research had been heavily criticized for lacking academic rigor Nike held one open forum on health and safety in November 1998. Knight's involvement with a sporting goods company is not accidental.
It also showed how the workers were lowly paid for the extremely jobs they were doing under the poor working conditions Spar, 20. This success has attracted a lot of attention and focus on its business strategies. Their employees follow the codes of ethics of the organization. The contractor is also expected to avail all these documents to Nike or any other company assigned by Nike to monitor their contractors. The first two principles are related to human rights. The Board may, from time to time, form a new committee or disband a current committee depending on the circumstances. They help us prioritize key issues and develop our corporate responsibility policies and approaches.
. This therefore means that Nike should also ensure that their sourcing practices should also be socially responsible. The Nike representatives responded by saying that nobody at Nike had the title of ethics officer Wokutch, 2001. Nike is always committed to providing innovative and inspiring products to its consumers. Some of the ethical situations may not be as clear when one is in the organization as when one is outside the organization. Effective communication of the grievance policy to employees so that employees are aware of the grievance process and their right to raise concerns. Nike benefits from the global sourcing opportunities, therefore areas such as production and logistics have been outsourced to partner companies in low-wage countries like China, Vietnam, Indonesia and Thailand.
Employees of Nike are expected to comply with the laws, rules and regulations that are about competition. Other Company Directorships The Company does not have a policy limiting the number of other company boards upon which a director may sit. However, was Nike trying to act in an ethical way with their reforms, or were they just a cover so that they could keep producing expensive products at a low cost? Do you agree with the goals he sets? It is the leading sporting goods Company in the United States and hundred and ten countries. Factories that value their workers — investing in their skill building, listening to their ideas on how to improve factory processes, communicating about issues that matter to them, facilitating aspects of their lives that help them show up every day at the factory healthy and on time — can build a skilled, productive and engaged workforce. A business that has a positive public image competing with a business with a bad public image will definitely have an upper hand in terms of improving their performance through improved sales, finding suppliers and also employee commitment. In evaluating potential candidates for suitability, the Committee considers many factors to identify individuals with the requisite intelligence, education, experience, and character to make significant contributions to the Board of Directors. New York: Springer, 2008 Spar, Debora.
These are set forth below: 1. As a result Nike could lose their position as the leader of the sporting goods industry. We seek to implement to the maximum extent possible the three Rs of environmental action: reduce, reuse and recycle. For a more complete list visit the. We've run the course — from establishing a Code of Conduct that covers worker protections as well as environmental impacts, to pulling together an internal team to enforce it, to releasing our contract factory Audit Tools and working with external bodies to monitor factories and work with stakeholders. There are distinctive competency standards, code of conduct and code of ethics for enrolled nurses, registered nurses and nurse practitioners.
Also the company now has sought the services of labor officials who are based in all parts of the world where Nike has factories. According to Herbert the main problem with Nike is the low wages. Harassment can be sexual or non-sexual in nature. In many low-wage countries, however, these laws are not valid. The rise in knowledge of consumer rights and consumer protection rights by the law has been the major cause for the establishment of public relations departments charged with managing relationship between a company and its employees, a company and its customers and a company and its neighbors. The company designs and sells shoes for just about every sport, including baseball, volleyball, cheerleading, and wrestling. So how does Nike rate on the Good On You app? These procedures help regulate its business practices such as pricing of their products, employees treatment and working conditions in their factories.
Most of the codes of ethics in the updated version aim at addressing the concerns that were raised about Nikes business activities in its contracted factories in Asia. It needs to make serious changes in most areas. In some countries the Foreign Corrupt Practices Act allows companies to make some special payments under given special conditions. The changes in legal, cultural and societal expectations on businesses today make businesses see the need to review their business codes of ethics. Compensation Contractor certifies that it pays at least the minimum total compensation required by local law, including all mandated wages, allowances and benefits.
They expend great of time, money, and resources to ensure that they are fulfilling their ethical duty, and achieving the highest standards of ethical responsibility. Reports began being released from different labor associations about the harsh conditions of the Indonesian Nike factories. Working environment in Nike is free from discrimination or harassment based on sexual, racial, gender, age, religious, ethnic, sexual orientation, marital, ethnic, military status, political affiliation of an individual. Accordingly, the Board may appoint the former Chairman to the position of Chairman Emeritus. And when someone is uncomfortable at work, they are not going to perform their best and it can affect them emotionally. Compensation The members of the Committee shall receive no additional compensation for Committee meetings or actions taken by the Committee, except as may be authorized by the Board of Directors.