Managing Corporate Citizenship / ExxonMobil: Corporate Citizenship
How does ExxonMobil manage its reputation and corporate citizenship?
What is the company doing right? Where can it improve?
Positive Points of ExxonMobil
Improvement Areas
What has your experience been? What do other stakeholders report about the company's citizenship and reputation?
What makes you remain a stakeholder (customer)?
ExxonMobil is the biggest public Oil and Gas Corporation in the world, providing fundamental energy for bettering the life of several billion individuals across the globe. Energy access supports human mobility, comfort, social growth, and economic prosperity. It affects almost all facets of modern living (ExxonMobil, 2015).
How does ExxonMobil manage its reputation and corporate citizenship?
ExxonMobil's Report on Corporate Citizenship states that the company adopts a methodical strategy in the management of its worldwide operations, and employs measures for successful operations in multiple settings. The company's superior business ethics and conduct standards are the basis for its current as well as future success. The key component of ExxonMobil's corporate culture is its commitment to integrity and ethics. All members of the organization are required to maintain the highest business integrity standards. The company's board of directors holds the view that shareholders' best interests can be served by a leadership structure that integrates the positions of chief...
The process of board appointment fosters diversity, in terms of race, gender, experience, geography, and areas of expertise; this is crucial for organizational success in today's era of globalization. The compensation structure at ExxonMobil has been diligently developed in favor of long-standing shareholder value, keeping in mind the industry's nature: capital-intensive, extreme significance of corporate risk management, and long lead times of investment. Company directors espouse transparent and honest communication on issues of corporate citizenship. Shareholders have the option of emailing non-employee company executives or forwarding a written correspondence to the corporation's Secretary. Company personnel work with the management, as appropriate, to respond to any emails and letters. In this way, ExxonMobil maintains corporate citizenship and its reputation (ExxonMobil. 2015).
What is the company doing right? Where can it improve?
Positive Points of ExxonMobil
Education
Since ExxonMobil is a knowledge- and science-based business, it provides inputs to academic initiatives across the world, focusing especially on the fields of engineering, mathematics, science, and technology, and improving access to leadership capability training and education; its recent emphasis is on development and education of women as economic development catalysts (ExxonMobil, 2015b).
Health
The organization funds initiatives that aim for healthcare improvements, particularly…
References
ExxonMobil. (2015). Corporate governance -- a CCR overview. Retrieved from http://corporate.ExxonMobil.com/en/community/corporate-citizenship-report/corporate-governance/overview on 4th November, 2015.
ExxonMobil. (2015b). Corporate Social Responsibility Framework. Retrieved from https://www.google.co.in/url?sa=t&source=web&rct=j&url=http://cdn.ExxonMobil.com/~/media/global/files/other/2014/emcipl-community-investment-framework.pdf&ved=0CBkQFjAAahUKEwjP8fe8zffIAhUJJZQKHUPLBWQ&usg=AFQjCNGHZjxS0jTZcnrysv0SAyfiWQLHOw on 4th November, 2015.
ExxonMobil. (2015c). Engaging with our Stakeholders. Retrieved from http://corporate.ExxonMobil.com/en/community/corporate-citizenship-report/stakeholders/overview?parentId=899e10b1-f995-42f6-b88a-cbe22cf98353 on 4th November, 2015.
Stakeholders How does ExxonMobil Chemicals involve its stakeholders in decisions? Discussions with communities in the initial stages of a project permits ExxonMobil to recognize opportunities as well as concerns and develop efficient measures of management in the planning stage of the project. By striving to evade or lessen as much issues as possible at the start, the company is able to prevent project interruptions, delays, minimize expenditures, and also avoid the growth
ExxonMobil Chemical Corp: CSR Plan / CSR plan for ExxonMobil Economic Status andExxonMobil Chemical Political Status and ExxonMobil Chemical Civil Society and ExxonMobil Chemical Environmental status and ExxonMobil Chemical Media Campaign for ExxonMobil Located in Irving, Texas the Exxon Mobil Chemical is a U.S. company specializing in the production of gas and oil. The company was formed from the merger of Exxon and Mobil in November of 1999. Both companies had been part of the Standard
" As far as economic conditions are concerned, as part of the company's strategy it is committed to aiding people with the social and economic problems that they face (Environment and Society). This is known as the community investment strategy. This strategy encompasses human rights, education, and enterprise development (Environment and Society). BP's management is also concerned with decreasing dependence on oil and has created various initiatives to create new sources
S.$36 million) for immediate expenditures; and redefining "priority sector" expenditures to include spending on security. For its part, the World Bank responded to Chad's renegging on its ageements in 2006 by suspending disbursement of $124 million in loans to Chad, and froze the country's $125 million in assets in the London-based Citibank escrow account (Zissis, 2006). In effect, the World Bank has ceased its involvement in Chad. However, the Chad oil
He offered me $1,000 to set an appointment with the candidate. I refused to accept the bride, and as such, behaved in an ethical manner. From a teleological standpoint, my decision was a positive one since it was made in the sense and the sake of the final goal, that is the preservation of a good reputation for the candidate. Also, the decision also empowered my personal morale. Still, the