Chiquita Brands Inc Research Paper Example | Topics and Well Written Essays - 1000 words

Chiquita Brands Inc - Research Paper ExampleCorporate morality The strategy for stemma ethics in Chiquita Brands was begun in 1998 when the company engaged the professional services of SmithOBrien to deal and implement a CSR policy for the company. The first comprehensive CSR report was released in 2004. (SmithOBrien website). Chiquita Brands incarnate commitment speaks of the corporate values of integrity, respect, opportunity and tariff as the embodiment of what they are and what they do. The company defines integrity as good and lawful business communicated in an open and straightforward manner (Kotler and Lee, 2005). Respect is seen as fair and sound treatment of people. They blot that the growth and development of their employees is the key to the companys success. They take pride in their services and make sure that these exceed customer expectations. As much as they uphold the primacy of their customers, they recognize that their accountability is to all stakeholders, including employees, suppliers, shareholders, communities and the world. (Chiquita website). At Chiquita Brands, corporate tender responsibility is an integral part of their global business strategy. They make it a point to live up to the requirements of SA 8000, one of the more credible and verifiable social accountability standards (developed by Social Accountability International), by regularly including the SAI assessment in their corporate responsibility reports. Their openness on issues about their social, environmental and financial per coordinateance is highlighted in these reports. (Chiquita website). As part of their spare-time activity of these corporate commitments, Chiquita Brands has implemented an anti-retaliation policy to encourage the reporting or raising of concerns about potential mess up and other ethical issues. This policy is available in six key languages to make sure it is dumb by employees, contractors and vendors in most Chiquita locations. (Chiquita w ebsite). CSR Issues Involving Chiquita Brands Notwithstanding the implementation of a corporate responsibility policy erstwhile(prenominal) after 1998, a number of violations or infringements resembling CSR violations have been reported and documented involving Chiquita Brands. On of these was the conviction of Chiquita Brands in 2007 by a US court of illegal financial dealing with Colombian terrorists in the form of protection money during the period 2001-2004. $25 Million Fine The court slapped a fine of $25 Million and five-year probation, and was required to hire a permanent compliance officer. Under the International Emergency frugal Powers Act, the fine would have been almost $100 Million, but the court rendered a much lesser penalisation in consideration of Chiquitas self-disclosure and full cooperation (Annual Report 2010). The situation in Colombia is atypical of businesses engaged in landed estates for their production, as in banana production. Where the country is under -developed and the economy is struggling, this would have been an ideal location to moderate a wide-area plantation because of the low cost of agricultural work (Vellema, 1999). Protection Money Most much(prenominal) areas, however, are characterized by the presence of insurgents who are also members of the local community and who feed on instigating for skinflint rights, as in Panama and the Philippines (Vellema, 1999). There is no way an organization