Wednesday, January 30, 2019

The companies were referred to as Texaco

In southeastward Africa there were dickens companies that were contending sh bes its the residents.The companies were referred to as Texaco Inc. and Standard Oil Company of California (SOCAL). The Members of Interfaith centre that dealt with embodied responsibility argued that they owned shares in both companies and they were suggesting to terminate their headachees because southerly Africa was face up political unrest thus their decision to shut down the devil companies.Mr. Tim Smith was the Project Director of Interfaith Centre on bodied responsibility. He was behind the decision of closing the two companies. In an yearbook meeting that was held in 1977, it stated that the people of South Africa were universe ill-use by the whites who were the minority in the country.The residents mankind rights were being abused since they were non being apt(p) the chance to vote, to trade freely in the country, they were being paid low wages and the blacks were always discriminated against by the whites and this issues triggered Mr. Tim Smith to freeze off to invest in the country.There were other social crimes that were being experienced by the residents of the country such as widespread killings, arrests and repression. These issues continued to adjoin the human rights of the people of South Africa and thus the level of enthronization was affected.The Board of Directors of the two companies later agreed that it was reasonable to shut down the two companies imputable to the abuse of human rights of the residents of South Africa since they contributed to the success of the familiarity and they also enabled the prudence of the country to grow. The Board of Directors urged the government of South Africa to end the crisis so that they could enrol on their furrowes.(http//164.233.169.104/ expect?q=cache-RHK5RrmMQJ)The resolution to close down the two companies was later reviewed by the Board of Directors because they owned an oil come with cognize as Calte x Petroleum Company which was located in the country and was account to be performing well . It was reported that the party was owned by the Texaco Inc. and Standard Oil Company of California (SOCAL) by a esteem of 50% shares thus it was impossible for them to leave the business yet it was generating round revenue to the country and the owners were also benefiting from it.They announced that Caltex Company was worth $ cytosine million and the charge of the company was planning to expand its refinery plant in Milnerto in South Africa from a capacity of 58,000 barrels a daytime to a capacity of 108,000 barrels a day and this would accession the cede of oil in South Africa by a rate of 11%, hence it would contribute to greater returns for the country.The charge of Texaco and SOCAL resolved to continue with their business besides the political unrest in the country. They thus urged their stockholders to vote against liquidating their companies . The management of both companies p romised to improve the on the job(p) conditions of its black employees.The Caltex management implemented sextet principles in its decree of cover. These were ensuring that employees were non segregated ascribable to their race they were as paid and fairly treated in their work place.The code of conduct stated that there was a cookery programme that would be actual and initiated so as to prepare their employers for supervisory, administrative, clerical and technical jobs so as to improve their transaction in their activities and hence enable the company to fork out as much revenue to the country as possible ( http//www.economist.com/business/displaystory.cfm?story-id=9767615).The management of a company has legal duties besides ensuring high returns for its shareholders. It has the employment of ensuring that the employees comply with the employment right so they do non stoop from what they are expected to do. The employment law states that the management of the compan y should non unfairly dismiss its employees from their work places since they should be given time to bear out their cases before being dismissed.The employers are also requested to control that they do not discriminate their employees based on their race since this git affect their performance because no employee knew where he or she was born and brought up.In the case of the South Africa there was racial discrimination that was carried out against the black employees and this affected their performance. In my view companies should implement laws of ensuring that these practices are not carried out so that the performance of a company discountnot be affected. (http//www.economist.com/business/displaystory.cfm?story-id=9767615)The management of a company also has the obligation of ensuring that the interests of the company do not go against the interests of the society. It has been noteworthy that society is the final consumer of the products of the company thus it is importan t for the management to ensure that they pay attention to the queries that arise in the community so that they can address the employees problems effectively since the success of the companys depend on the employees performance hence they need to protect their rights and also they need to be treated fairly.The management of a company has the responsibility of ensuring that the employees are given health insurance schemes because they are responsible for the production of impregnables and services of the company. The event of health schemes can prevent workers from leaving the work places callable to despicable working conditions which affects their productiveness.The management of a company should train its employees about the activities of the company so that they can learn what they are expected to do.According to the South African case, Reverend Doctor Leon Sullivani initiated a training programme that would ensure good performance of the company and this programme was implem ented in a code of conduct so that their policy would be followed at all generation by the employees of a company and this was a affirmatory move since this would increase their productivity since the time would not be wasted on reiterate small issues, yet training highlights all activities of the company thus enabling work to be carried out effectively.The management of a company should not look at the law and the rate of return on its investiture as the ultimate criteria for deciding what investment it should make because there are other factors that an investor should take into account when deciding on the type of investment that he should carry out such as time order of money that is whether the returns on an investment are required now or in the future.The investor also considers the capital outline that is required in first and maintaining a project until the time it starts to generate returns for the company. Another criteria the management of a company should consider is that the type of industry in which they would like to rophy up. The investors should research from the people about what they prefer most so that the management of a company can have a ready market for their goods and services once the industries start to operate.In case of the South African company, the South African government had imposed some restrictions on the company cognise as Caltex, that it would not supply its oil products to the military or the patrol of South Africa. This was a challenge to the company because such restrictions reduced the returns of the company.It was harm for the South African government to ban the sale of its petroleum products because the companies should sell their products anywhere in the world and to any potential buyer since the returns of the company are also beneficial to the residents since they can be paid stop wages by the companies returns, the economy of the country can improve due to the corporate taxes that are collected from t hese companies .In the case of South African companies, Bishop Desmond ballet skirts decision to impose laws that were beneficial to the black workers was a positive move since the government had failed to recognize the employees who contributed to the success of the company.The laws included providing good working condition by ensuring they were properly accommodated with houses that were near their places of work, by recognizing black duty unions and also by recognizing the right of workers and the allowance of labor mobility, so as to enhance productivity of workers. He also enforced a law of ensuring that fair trade practices were being practiced as education and training was conducted so as to eliminate illiteracy among the workers of a company.The companys should consider various factors when investing because the success of a company depends on them .For instance the workers of a company should be fairly treated they should not be unfairly discriminated against ,they should be properly remunerated so that they can not leave their companys since this can affect their productivity and the reputation of a company can be affected due to the high rate of turnover of their employees.ReferencesWebsite http//www.businessLink.gov.UK/bdotg/action/detail?type=RESOURCE8jter accessed on 2nd May 2, 2008Website http//www.economist.com/business/displaystory.cfm?story-id=9767615 accessed on 2nd May 2, 2008Website http//209.85.165.104/search?q=cacheOyvnSHhOd18J ACCESSED ON 2nd May 2, 2008Website http//164.233.169.104/search?q=cache-RHK5RrmMQJ ACCESSED ON 2nd May 2, 2008

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