Stakeholder Memo
You read about stakeholders in your Reading area of this unit. How might external stakeholders’ points of view be different from the internal stakeholders? What changes would you expect to see in writing under the following circumstances?
Read the scenario and follow the steps provided.
Scenario: A public company is changing its mission and business entity to be a for-profit benefit corporation that is required to show social and environmental benefits besides a profit. But so far, the company has not altered their actions and policies with regards to enormous environmental waste being generated. Access background information for the Discussion
Step 1: Read the scenario and choose one of these external stakeholders: Suppliers, customers, the community, competitors, society (the environment), banks and lending institutions, and the government.
Step 2: Compose a short memo (200 words) to the CEO regarding your chosen stakeholder’s reaction to the changes and the ethical considerations. Remember the appropriate memo format.
Step 3: Respond to one of your classmates’ memos as the CEO in a minimum of 150 words.
Step 4: For your final response to classmates, vote (1) for the best memo from an external stakeholder and (2) the best response to an external stakeholder other than your own.
JUST DO RESPONSE EACH POSTED # 1 to 3 DOWN BELOW ONLY
Posted 1
Memo
To: Phil Heatwole, Plant Manager
From: Sr Environmental Agent
Date: July 17, 2020
Subject: Environmental Waste Elimination
I am writing to inform you that the time given for Campbell’s soup to complete their waste elimination project has elapsed. Campbell’s Soup was given three years to have their waste recycling fields in operation and at this time they are not. The plan was to provide safe drinking water to the surrounding area of the plant while filtering the waste water from the plant and the water supplies. With the upgrade of your waste water elimination process the goal was to save 500,000 gallons of water a year. The expectation was to be at 50% reduction by year 2020, we have hit 2020 and that goal has not been reached.
If the expectations were not going to be met, the United States Environmental Protective Agency should have been informed. Please put in writing your plan to complete the project and new time line.
If at any time there are any issue where expectations are not met feel free to contact me. Please let me know if there is anything you need or concerns pertaining to this memo please feel free to contact me by via email.
Posted 2
Memo
To: Robert George, CEO, A Benefit Corporation
From: Compliance Officer, Wells Fargo
Date: Friday, July 17, 2020
Subject: Final Notification: Environmental Waste Violations
Please be advised this is the final notification regarding mandatory compliance of the environmental waste legislations mandated in each state you do business. The failure to comply with required regulations puts your corporation at risk for loss of insurance. If your corporation fails to remain insured, Wells Fargo, will be forced to freeze all lending and issue a foreclosure notice on real properties owned by A Benefit Corporation. After 15 years in business we want to work with you to ensure this doesn’t happen.
With the change of status to a for-profit benefit corporation, A Benefit Corporation, is required by law to meet social and environmental legislation in each state with real property. It has come to our attention that you have not altered behavior or policies regarding excessive environmental waste being generated on your factory sites. This is a risk to our collective businesses and a violation of our agreement. In order to remain in good standing with Wells Fargo, A Benefit Corporation, has thirty (30) days to provide a written policy and get-well plan to address the waste concerns and has ninety (90) days to complete implementation of the plan and remediate waste remaining on the factory sites.
The environmental violations are a serious concern and may impact the ability for our firms to conduct business moving forward. It is important that you contact our office immediately regarding your receipt of this notice. We look forward to working with your staff to resolve this concern as soon as possible. Please contact our office no later than Friday July 17, 2020.
Posted 3
To: Mark Johnson, CEO
From : Environmental consultant
Date: 7/20/20
RE: Environmental clean up
We have received notice that and come to our attention that your company has changed its function from profit to a non-profit organization. We want to remind you that we are still expecting the environment to be taken care of per our current agreement. We have not received any confirmation of complicity or clean-up efforts by your company.
We want to get on the same page to continue the efforts to keep the environment clean. We were hoping you would have started with the non-profit work by now seeing how it has been twenty-one days since you made the transition from profit to non-profit. Time is of the essence and we want to get on track in order to meet our goals. We are asking you to please send us an update on the status of sending us the equipment we need to help clean up the environment.
If you have any questions or concerns regarding this memo please do not hesitate to contact me. I am readily available from 8:00 AM to 7:00 PM.
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