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Report on protest against denim outsourcing from Bangladesh
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Your Name
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3/31/2016
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XXXXXXXXX XXXXXXX
This is with XXXXXXXXX XX the recent protest held today at 12:XX requiring XXX XXXXXXX XX XXXXXXX its XXXXXXXX of XXXXXXXX denim XXXXXXXX from Bangladesh XXXXXXXX and XXXXXXXX that XXX XXXXXXX’s XXXXXXXX practices does XXX conform XX XXX Bangladesh Workers XXXXXX XXX Safety XXXXXX. XXXXXXXX XXX also raised regarding increasing workers’ illness XXX XX XXXXXXXXXX XXXXXXXXX of XXXXXX and XXXXXX equipment. Media XXXXXXXXXXXXXXX highlight XXXX XXX company has not signed the Bangladesh Fire XXX XXXXXX Accord which contributed to XXX collapse XX Dhaka factory and killed XXXX 1,100 workers.
The XXXXXX XXXXXXXX an XXXXXXXX of XXXXXXX situation and XXXXXXXX XXXXXXXX impacts XX the company’s XXXXXXXX XXXXXXX as a XXXXXXXXXXX of XXX XXXXXXX and suggests appropriate XXXXXXXX to be followed by the XXXXXXXXXX XX XXXXXX XXX XX respond XX the situation XX XXXXXXXXX XXX principles XX Legitimacy Theory and XXXXXXXX Branch XX Stakeholders theory XX XXX XXXXX.
XXXXXXXX XX current XXXXXXXXX reveals significant XXXXXXX XX the XXXXXXXXXX XX Goanna XXX, XXXXXXXXX XXXXXX XX the XXXXXXX’s XXXXXXXXXX, XXXX XX XXXXXXXX XXXXXXXXXX resulting in a XXXX XX global sales revenue, XXXXXXXXX’s XXXXXXXX over non-XXXXXXXXXX with XXXXXXXXXX health and XXXXXX regulations, general XXXXXX criticism XX the worker’s illness XXX the XXXXXXXXX XX XXX XXXXXXX XX XXXXXXX a XXXXX work environment to their employees.
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An un-XXXXXXXXX protest of XXXXXXX public was XXXXXXXX today XX 12:XX XX. Participants of the XXXXXXX demand XXXX XXX company should cease XXX XXXXX clothing XXXXXXXX operations XXXX XXXXXXXXXX.
Most of the XXXXXXXXXX are of XXX view that XXXXXXX’s denim blasting process XXXX not XXXXXX with XXX standard industry XXXXX-XXXX, XXXXX XXXXX XX XXX XXXXXXX workers XXXXXXXXX from silicosis and other health XXXXXXXX.
XXXXXXXXXX XXXXXX XXXXXXX XXXXXXXXX XX XXX social XXX environmental XXXXXXXXX aspects XXXX XXXXXXX XXXXX XXXXX the purview XX Corporate XXXXXX Responsibility (XXX) and XX XXXXX on XXX premise that XXXXX is a social XXXXXXXX between XXXXXXX and the society in which it operates.
XXXX an implied XXXXXXX may emanate from XXXXXXXXXX, XXXXX, customs XXX other constructive XXXXXXXXXXX that XXXXXXX (XXXXXXX XXXXXXXXX or impliedly) an XXXXXXXXXXXX XX;
Create XXXXX for XXXXXXXXXXXX by sharing the economic, social and XXXXXXXXX benefits XXXXXXX XX a result of fulfilment XX those XXXXXXXXXXXXXXXX.
Legitimacy XXXXXX as long as entity’s actions are congruent XXXX XXX social values XXXXXXX or implied XX XXXXX activities. XXXX a XXXXXXXXXX arises between XXXXX two values the XXXXXXXXXXXXXX XXXXXXXXXX XXXXX XX at stake. (XXXXXXX, 1993)
The Legitimacy theory XXXX evaluates the XXXXXXXXX XX XXXXXXXX stakeholders on XXX XXXXXXX’s operations XXX provides useful XXXXXXXX XX XX how a XXXXXXXX stakeholder can XXXXXXX XXX availability of resources ancillary to the XXXXXXXXXXXXX survival and XXXXXX in case XX XXX XXXXX XXXX adversely XXXXXXX the company’s credibility. Some XXX XXXXXXXXXXXX XXX XXXXX XXXXXXXXXXX XXXXXX XX XXX XXXXX’ legitimacy. XXXXXXXXX, XXXXXXXXX influence of regulators, XXXXXXXXX, XXXXXXXXX and general public XXXXX XX XX addressed as XXXX of XXX XXXXXXXXX strategy XX an organization.
The theory provides a framework XX the XXXXX on which a XXXXXXXXX strategy is devised XX to how XXX XXXXXXX XXXXX respond to XXXXX XXXXXXXXXXXX XXXXXXXXX the XXXXXXXXXX of an event that may adversely affects XXX XXXXXXXXX XXXXX.
A company’s XXXXXXXXXX XXXXX XX threatened XX an internal or XXXXXXXX event such XX in XXX XXXX XX Goanna XXXXXXX. XXXXXXXXXX XXX of XXX XXXXXXX XXXX Dhaka XXXXXXXX was XXXXXXXX due XX the carelessness XX management XX XXX factory XXXXXXXX XXXX XXX XXXXXX to XXXX regular XXXXXXX, maintenance and XXXXXX check which XXXXXXXX in a collapse.
XXXXXXXXXX Branch XX the Stakeholder Theory
The XXXXXXXXXX XXXXXX XX stakeholder XXXXXX XXX XX XXXXXXX XX XXXXXXX why an entity should XXX XX XXXXXXX a particular XXXXXXXXX disclosure(s) XXXXXXX with its operations, business processes XXX XXXXXXXXX in corporate reporting.
The XXXXXX specifies XXXX XXX organization can gain the XXXXXXX or disapproval, and distract or XXXXXXXXXX the perceptions XX stakeholders XXXX a XXXX to gain XXXXX confidence XXX support. XXXXXXXXXXX is a key XXXXXX that can be used by an organization to XXXXXXX XXXX XXXX (XXXX-XXXX, 1994).
Managerial perspective of XXXXXXXXXXX XXXXXX XXXXXXX XXXXXXXXXXXX XX the XXXXXXXXX stakeholder groups and emphasizes the XXXXXXXXXX XX XXXXXXXXXXX XXXXXXXXXXXXX so as to ensure its XXXXXXXXX. XXXX XXXXXXX that corporate XXXXXXXXXX should XXXXXX the influence and XXXX of external environment in order to XXXXXX the achievement of XXXXXXX XXXXXXXXX objectives.
Exchange of value between XXXXXXXXX classes XX XXXXXXXXXXXX XXXXXXX cohesion between XXXXXXXXXXXX XXXXXXX XXXXXXXX an XXXXXXXXXXXX XX XXXXXXX XXXX synergies (Evan &XXX; XXXXXXX, 1988).
To XXXX shareholders XXXXXXXXXX XXX allegations XX general public XXX media, the company must provide XXXXXXXXXX facts XXX XXXXXXX XXXX XXXXX XXXXXXXXXX of XXX XXXXXX’s actions XXXX XXX social values and society XXXXX.
XXXXXXXXXX XX XXX publication XX media report on protest, XXXXX are several XXXXXXX XXXX XXX XXX XXX XXXXXXXXXX XX Goanna XXX XX stake. Some XX the XXXXXXXX consequences arising out of XXX current XXXXXXXXX XXX be articulated XX XXXXXXX;Illness XX workers XXX cause significant XXXXXXXXX to be XXXXXXX XX XXX state or regulator XX it XX XXXXXXXXXXX that company XXXXX XX adhere with XXX standard XXXXXX XXX safety practices XX required by the provisions XX “Alliance XXX XXXXXXXXXX Worker Safety” XXXXXXXXXX.
Failure XX provide adequate XXXXXXX facilities XXX worker XXXXXXXXX would XXXXXX a notion among general XXXXXX XXXX the XXXXXXX does not place XXX emphasis XXXX XXX XXXXXXXXXXX of its XXXXXX XXXXXXXXXXXXXXXX. XXXX XXXX support the case that XXXXX XXXXXXXX was XXXXXXXX XXX XX XXX negligence of management.
XXXXX of denim XXXXXXXX XXXXXXXXXX from Bangladesh XXXXXXXX XXXXX result in XXXXXXXX stock-outs XX Australia, Singapore XXX XXX Zealand XXXXXXXX. XXXXXXXXX to fulfill demand XXX XX shortage XX XXXXX may XXX an adverse impact on XXX sales revenue.
X sharp decrease in XXXXXXX’s market capitalization as equity stock owners XXX XXXXX sales, cash flow and growth XXXXXXXXX XXX adds more risk premium to their XXXXXXXX XXXX XX return on investment. XX a XXXXXX, firm’s present XXXXX XXXX be XXXXXXX XXX XXXXXXX a XXXX in XXXXX XXXXX.
Since it is XXXXXXXXXXX XXXX XXX incident was XXXXXXXX XXXXXXXX XXXXXXX XX XXX XXXXXXXXXX’s fault XXXXXX XXXXXXX should XXXXXXX XX XXX XXXXXXXXX XX applying the XXXXXXXX strategy of XXXXXXXXXX Theory which states XXXX the XXXXXXX XXXXXX propose remedial XXXXXXXX taken XX XXX XXXXXXXXXX so XX to XXXXXXXX XXX effect XX potential XXXXXXX XXXXXXXXX XX XXX XXXXXXXXXX of XXXXXXXX environment XXXX as competitors, general XXXXXX XXX providers XX XXXX capital.
XXX response should XXXXXXX that the collapse of XXXX Plaza Garments factory XXX in-fact XXX to the XXXXXXX disaster XXX XXXX XXX company XXXXXXX XXX XXXX of XXXXXXXXX XXXXX. Following this statement, XXX XXXXXXXX XXXXXX XXXXXXX the XXXXXXXXX remedial measures for XXXXXXX situation;
XXXXXXX an XXXXXXXXXXXXX audit to address XXX general public concerns regarding XXXXXXX’ health and regulator’s concerns regarding non-compliance XXXX social XXXX XXX other industry XXXXX.
Declare XXXX the company is already in the process of XXXXXXX XXX XXXXXXXXXX XXXX XXX Safety XXXXXX.
XXXXXXXXX a XXXXXXXXXX training XXX XXXXXXXXXXX program XXX the employees XXXX focus XX the safety precautions to XX XXXXXXXXX XXXXX working in XXX XXXX-XXXXXXXX XXXXXXX. Additionally, the provision XX ancillary equipment needed XX work in such an XXXXXXXXXXX should XX XXXX available XX XXXXXXXX XXXXX.
Repurchase stock at a XXXXX that XX above XXXXXXX XXXXXX XXXXX in order to XXXXXXXXXX the investors for a risk XX loss on their XXXXXXXX XXXXXXX or issuing bonus XXXXX or XXXXXX so as XX XXXX a view XXXX Goanna Ltd’s management is XXXXXXXXX XX maximize the XXXXX XXX XXXXX shareholders.
XXXXXXXX responsible accounting yields XXXX-XXXXXXX XXXXXXXX. XXXXX XXXXXXXX XXX be XXXXXXXX in the XXXX XX XXXXXXXXX XXXXXXXX XXX XXXXXXXXXXXX’ XXXXXXXXXX XXXXX ultimately contribute towards XXXXXXXXXXXXX XXX XXXXXXX XXXXXXXXXX XX an organization.
To address the conflicting needs XX XXX users of XXXXXXXXX XXX XXXXXXXX XXXXXXXXXXX of an entity XXX amount of XXXXXXXXXX should XX increased. Companies XXXX XXXXXXX XXXXXXXXXX environmental disclosures XXX considered XX be more socially responsible XXXX XXXXX XXXXX do XXX XXXXXXX such disclosures.
The XXXXXXXXXX XX XXXXXXXXXX XXXXXX XX stakeholder XXXXXX can be employed XXXX XXX XXXX XX XXXXX an XXXXXX XXXXXXXXXXXXX XXXXXXXXX the expectations XX XXX XXX stakeholders into XXXXX actions so XX XX XXXX their trust and XXXXXXXXXX if any XXXXX takes XXXXX XXXX can XXX XXX company’s survival XXX XXXXXX at XXXX.
XX XXXXX XXXXXXX XXXXXXXX in future, XXXXXX Ltd’s XXXXXXXXXX should;
XXXXXXXXXXXX monitor XXX compliance XXXX XXX applicable XXXXXX, XXXXXXXXXXXXX and XXXXXXXXXX XXXX.
XXXXX the approach of triple bottom reporting (TBR) XX providing adequate XXXXXXXXXXX XXXXXXXXX XXXXXXXXXXXXX XXX other qualitative XXXXXXXXX in order to defend its legitimacy.
XXXXXXXXXXX XXX business XXXXXXX XX XXXX-blasting XX XXXXXXX XX the relevant XXXX.
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