Corporate Social Responsibility

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Attention: THE MANAGING DIRECTOR

IMPLIMENTING YOUR CORPORATE SOCIAL RESPONSIBILITY

   Dear Sir,

                In planning corporate social responsibility implementation, there are a number of questions that do crop up:

SHOULD THE CORPORATION BE SOCIALLY RESPONSIBLR?

WHO SHOULD BENEFIT FROM THE RESPONSIBILITY?

SHOULD THE CORPORATION DECIDE TO BE CORPORATELY SOCIALLY RESPONSIBLE, HOW DOES THE CORPORATIONASSEMBLE THE NECESSARY FUNDS TO EXECUTE IT?

These and some other questions that face the operators of the corporation and sir I intend to provide answers and try my best to proffer some solution to all the possible challenges.

In today’s world, more and more corporations are socially responsible. What is more, becoming corporately socially responsible has more or less become a positive fashion. Though some few companies are not ready for corporate social responsibility but definitely in modern world, being socially responsible is generally good however it is a matter of choice.

However if it is the choice of your corporation to be socially responsible you have to decide if you have to be socially responsible to your internal customers or the general public or a combination of both.

What ever the choice, the corporation is faced with the big question; How Much Money would go into the responsibility each year? And the more challenging question, how would this amount be assembled?

There are only two ways

A Taking the yearly lump some from the profit of the company and that means lowering the profit of the company every year in perpetuity! For instance if a corporation is to spend N50 million each year it means in twenty years it would have netted of N1 billion from its profit! What is more it is still counting except the company opts out of social responsibility. This is the hard and expensive way of running corporate social responsibility.

Let us have a look at option two and you would be the sole judge which is cheaper., For the same yearly N50 million responsibility, N500 million accumulated over a period of ten years at 10% per annum would do the same work perfectly However using this method in twenty years time would have saved the corporation N500 million ! While in thirty years time option A, would have depleted the profit of the corporation of N1.5 billion while option two would instead make available to the corporation extra N1 billion! You can see that the difference is clear.

Helping the corporation to have the cheaper option two is where I come in. If indeed this argument makes sense to the management I will be pleased to come for a detail of the discussion. Can get me Mr Igwegbe Lawrence on 08136889032, and in addition igwegbelaw@yahoo.com. You may also check my blog:      http://www.copyrightlawigwegbe.blogspot.com.

Lawrence is an independent Life Insurance Consultant attached to

AIICO PLC OBA AKRAN Avenue

. More details at my blog