Goldcorp Case Study

Improved Essays
Individual Strategic Implementation Assignment # 2: Goldcorp
Organizational Description
Goldcorp’s Ethical and Corporate Social Responsibility Policies

Goldcorp’s Corporate Social Responsibility (CSR) policy states that in order for GoldCorp to sustain the generation of value through its business, the corporation must:
1. Respect the safety and health of its employees,
2. Protect the environment,
3. Respect the human rights of its employees and residents of the communities in which it operations, and
4. To continuously develop these communities.

The company’s CSR policy is “guided by international standards and best practices and is supported by strategic relationships and other policies.” Adopting international standards imply adopting
…show more content…
The ICMM is composed of 56 members; 21 mining and metal companies and 35 mining associations. The ICMM is guided by 5 values of 1. Care, 2. Respect, 3. Integrity, 4. Accountability, and 5. Collaboration. The ICMM council is composed of CEOs of member companies, who meet twice a year. The ICMM is composed of four departments; 1. Environmental and Climate Change, 2. Social and Economic Development, 3. Health and Safety, and 4. Materials Stewardship department, supporting working groups, and reporting to the Programs Committees and the Associations Co-ordination Group, then facilitate communication with the Principal Liaisons Committee, and the Council of CEOs. The Associations Co-ordination Group is composed of the Associations CEOs and it elects two representatives to chair the group and the chairperson of the Principal Liaisons Committee, whose members are from the member …show more content…
Goldcorp is currently reassessing the mine development plan in engagement with the indigenous groups to reach common grounds to develop the El Morro mine in an environmentally safe manner. (Globe and Mail,

Related Documents

  • Decent Essays

    Australian Unity Board is responsible for Group governance: approval of strategies, operating plans, budgets; setting and monitoring Group risk management framework; control and accountability policies/systems. Committees include: • Audit and Compliance: approves annual internal audit plan; main objective is to oversee the credibility and objectivity of financial reporting and the compliance with obligations; oversees and appraises the quality of audits conducted by both internal/external auditors (e.g. EY financial auditors); determines adequacy of controls and evaluates adherence. • Risk: oversees risk management framework for identifying, assessing, mitigating and monitoring material risks arising from the business activities; promotes…

    • 221 Words
    • 1 Pages
    Decent Essays
  • Great Essays

    is described by Swales as maintaining “… mechanisms of intercommunication among its members” (221). This is a way to communicate among members. This also includes feedback from the members which allows for Swales’ third criteria. The way the BCM exhibits this characteristic is by using GroupMe, an app that is basically a group text. This allows for feedback, general communication, and notification for meetings and events.…

    • 1886 Words
    • 8 Pages
    Great Essays
  • Improved Essays

    Board has a diverse set of members from the industry and could help in expediting the…

    • 1108 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Swot Analysis Of Aacp

    • 630 Words
    • 3 Pages

    The president, president-elect, treasurer, recording secretary, and member at large are part of the executive committee The five executive committee, 11 Regional Directors,…

    • 630 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    The case promotional piece is to specifically show Angelo American in a favorable light is the new technology development for mining company to keep the company successful. The research and development is a stage that is used for the company in order to develop what Angelo American needs. The objective view for the company is for the company to continue to grow and sustainability; a long term goal is what the company wants. The new technology developments key competencies that Angelo American company has their mine set upon. Angelo American wants to keep the economy worldwide because this is an important company.…

    • 758 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Johns-Manville Problem To determine whether or not it was ethical for The Johns-Manville Corporation to declare bankruptcy, it’s critical that both points-of-view are laid out to be critiqued. While it would be quite easy to argue that the company should have been liquidated in order to pay the medical costs of the countless asbestos victims, it’s very important to look at the situation from the perspective that saves the jobs of thousands and contributes to the betterment of the working conditions of their employees, as well as the surrounding community. To rationalize their decision, the Board of Directors within the Johns-Manville Corporation could show how their filing of bankruptcy was beneficial to more than just the survival of the company. Expanding on this, the school of Corporate Social Responsibility states that— “Corporate social responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders.”…

    • 551 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Falender approached was the governance structure of the AMC. Within this problem, Mr. Falender wanted to address three sub-issues: the separation of the staff organization from the Council, the bylaws, and the composition and operations of the council. He quickly managed to restructure the Council and its committees by clarifying reporting relationships and by reducing the representative nature of Council members. The second sub-issue, bylaws, came up faster than he would have wanted; however, he went along with it and the Council soon became the Board of Directors. Following the change, the AMC focused on five key points that would allow the organization to get back on track in terms of the Council’s duties and its membership.…

    • 841 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    I decided to call in the main office to find out about if the government body is elected or appointed and I was informed that the board of directors are elected. They each have overlapping four year terms. Board of directors are: John L. Varela, Richard Santos, Tony Estremera, Gary Kremen, Barbara Keegan, Nai Hsueh…

    • 541 Words
    • 3 Pages
    Decent Essays
  • Improved Essays

    When looking at the organization’s board of directors it provides leadership, business acumen among other things. When looking at each individual city they also have Family Advisory Council and Corporate Advisory Council. The members of each of these groups play a gigantic roll into the goal of to providing children in our communities with the essential items they need to thrive. The people who make up the board of corporate board of directors at the Cradles to Crayons in Philadelphia are made up of people who are part of an organization who has helped in Cradles to Crayons goals. It was explained to me that these members were chosen based on donations and or time committed to the organization.…

    • 1150 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    It encompasses the board of directors and various stakeholders…

    • 903 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    Carlson Company Case Study

    • 1054 Words
    • 5 Pages

    CSR is defined that “a corporation should act in a way that enhances society and its inhabitants and be held accountable for any of its actions that affect, their environment (Lawrence and Weber, 2008, 48).” The company can follow two different theories. The Ownership Theory is defined as “the firm is the property of the owners; the purpose is to maximize market value in the long term and make money for owners” (Lawrence and Weber, 2008, 6). The Stakeholder Theory is defined as “corporation serves a higher purpose- to provide value to society”…

    • 1054 Words
    • 5 Pages
    Great Essays
  • Superior Essays

    Recently, scholars and managers have devoted great attention to corporate social responsibility(CSR). Consistent with McWilliams and Siegel(2001), we define CSR as situations where the firm goes beyond compliance and engages in ‘actions that appear to further some social good, beyond the interests of the firm and that which is required by law’. On Wikipedia, corporate social responsibility(CSR) is defined as a form of corporate self-regulation integrated into a business model. Corporate social responsibility(CSR) policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards and national or international norms. Corporates intend to build up reputations…

    • 991 Words
    • 4 Pages
    Superior Essays
  • Improved Essays

    Corporate social responsibility (CSR), is defined as a corporations initiatives to assess and take responsibility for the company effects on environment and social wellbeing. This definition has many key aspects to it which is expected by the society…

    • 1351 Words
    • 6 Pages
    Improved Essays
  • Great Essays

    INTRODUCTION Corporate Social Responsibility is a hard-edged business decision. Not because it is a nice thing to do or because people are forcing us to do it because it is good for our business – Niall Fitzerald, Former CEO, Unilever. The current century is impacted by unpredictable challenges and opportunities, arising due to globalization. So it is recognized the world over business integrating their social, environmental and ethical responsibilities into the governance by the way of strategically formulating the CSR activities for ensuring their long term success, competitiveness and sustainability.…

    • 1756 Words
    • 8 Pages
    Great Essays
  • Improved Essays

    The BCM exercise has to be set with certain objectives as per the readiness plans. The BCM exercising KPI measures the success of the exercise and corrective steps to be taken to mitigate the failures. The dashboard has to provide number of business units , total functions, those business units tested success or failed against objectives such as RTO and RPO. 7. BCM Documents, Incident Management and Continuity Plans The BCM department has to maintain its own documents to manage the BCM system effectively.…

    • 1403 Words
    • 6 Pages
    Improved Essays