Corporate Governance of Nike - 1748 Words

An organization created under the regulations of a state to act as a legal person to carry on business, which can sue or be sued, can issue shares to raise funds with which to start or to increase its capital is a corporation. There are also non-profit corporations organized for religious, educational, charitable or public service purposes. One of the corporations are the â€Å"Nike, Inc† which in other words can be said a company. And what here will be discussed the process how a corporate body that is Nike governs, ethic of it and the corporate responsibility of it upon the business world and balance of interest of the stakeholders such as Government, Employees, Customers, Suppliers, Creditors, Community. Corporate Governance: From the†¦show more content†¦It contracted with more than 700 shops in 45 countries all around the world. Although it is an USA based company, its most of the factories are located in Asia, including China, India, Indonesia, Malaysia, Pakistan, Philippines, Taiwan, Thailand and Vietnam. Its mission’s statement is â€Å"to bring inspriation and inovation to every athlete in the world. Ethics and Objectives: Success in this era, now a days, means maintaining brand value and all that, Nike does not seem to be exceptional. It is reasonable for every company to have some codes or objectives or ethics written down somewhere, but what is important how it is communicating and enforcing throughout the ongoing business and production manner. Here can be quoted Kansas City Journal, by Arthur Chaykin even Enron...had a perfectly good code of ethics. However, no one was responsible for enforcing it, advocating it or serving as a clearing house for issues arising under it. Nevertheless it is a fact, at least whenever training is not directly increases profit, the facilities are merely just a â€Å"nice-to-have† rather than necessity. For the remedy example of Oracle Learning Management is a highly suitable solution to this problem. Barrier to the objective: One of the important points in the notion of Corporate Governance is theShow MoreRelatedCase Study : Managing Ethical Organization1377 Words   |  6 PagesMissteps—Sweatshops to Leadership in Employment Practices †¢ Why did Nike fail to address corporate social responsibility early on? The Nike brand was created in 1972, and renamed to Nike in 1978, and has since grown to be the largest worldwide seller of athletic goods, with approximately 168 Nike stores in the United States and a presence in about 160 countries. (Ferrell, O.., 2003) During the time Nike brand was created corporate responsibility was not considered a major deal yet and there wereRead MoreEssay on How to Evaluate Companies?1061 Words   |  5 Pagesfactors that may differ based on the purpose and criterion used by the evaluators or evaluating body. Perhaps the factors that must be taken into consideration when evaluating a firm are the following : business ethics, corporate social responsibility, reputation on leadership, governance and the company’s culture (Ethisphere, 2013). These factors in fact are the indicators used by the movement Ethisphere which identifies The World’s Most Ethical (WME) Companies. To define each criterion, businessRead MoreThe Pyramid Of Corporate Social Responsibility1262 Words   |  6 Pageswith penalties and charges. Shareholders don’t have money in the organization, they just invest their money when they shop or visit a retailer. 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The company’s headquarters is near Beaverton, Oregon founded by Bill Bowerman and Phil Knight, who set out to reinvent athletic footwear. They wanted to improve upon one pair of running shoes called Onitsuka Tiger. Nike were more than distributors; they joined forces to design