What is Corporate activities?

Corporate and legal affairs : In this chapter you will learn the basic knowledge of corporate activities and business management that business workers should possess, as well as legal compliance and corporate ethics.

1-1-1  Management and organization

It is really important to have an overall understanding of a corporation in terms of business activities, objectives, and relevant laws in order to recognise and resolve issues in responsible business areas, and facilitate the execution of operations.

1  Corporate activities 

If you are need to conducting with corporate activities, it is important to understand the importance of the existence of corporation and it's values properly. If these are not clearly understand, no matter how hard work do each employee in their responsible business area, such efforts will lack efficiency in that filed. Understanding the goals and responsibilities that a corporation should designate will lead to well-balanced corporate activities.

(1) Corporate philosophy and corporate objective

The purpose of corporate activities is to earn profits and contribute to society. Accordingly, corporations adopt a "corporate philosophy" and "corporate objective" in which to conduct it's activities. Corporate philosophy and corporate objective are universal ideals that essentially do not change. However, the environment surrounding a corporation is undergoing significant changes in terms of social climate, technology and other factors. In order to fulfill corporate philosophy and objective, a corporation must form a long-term perspective, develop the capability to adapt to such changes.

(2) Corporate social responsibility

"CSR (Corporate Social Responsibility)" refers to the responsibilities that a corporation should fulfil to society. Many corporations promote their CSR approach through their websites, or publish a CSR report in order to earn public interest and stackholders trust.

Corporations must endeavour to create business from the perspective of all stackholders, and not solely for the pursuit of profit. As evidenced by the existence of the term "Corporate citizen", corporations are expected to act as productive umbers of society. Doing so leads to earning public confidence and creating new corporative values.

The most basic responsibilities of a corporation are conducting corporate activities in a la-abiding manner, achieving regulatory compliance, and providing products and services that combine functionality with safety. Finally, CSR is increasingly expected to encompass such aspects as environmental initiatives, social welfare activities, and local community co-operation as corporations explore their approach to social contribution.

Notes :

• CSR (Abbreviation for "Corporate Social Responsibility".)
• SRI (Abbreviation for "Corporate Social Investment".)
• Disclosure of financial results (A corporation should endeavour to disclose financial results and other useful information in a timely and other appropriate manner to shackholders, including shareholders and investors. Improving management transparency by such disclosures makes it possible to build trust and enhance corporate value.)