Socially Responsible Corporations Essay -- essays research papers

Socially responsible CorporationsSocially Responsible Companies are those that put the public interest as a priority in everything they do. These companies range anywhere from the food patience (Ben and Jerrys) to communications (Motorola). These companies are noted as philanthropists, and are the leading companies in their markets. They also, close to of the time, have very loyal employees who love working at their companies. The leader in socially responsible companies is the Fannie Mae Foundation. This company strives to help minorities in purchasing their first home. The Fannie Mae Foundation purchases mortgages from lenders and then repackages them for sale as securities. This has enabled them to donjon mortgage rates low, and help the normally overlooked homebuyers, become homebuyers. Also, most uniquely, they help those of the Muslim faith, who follow the Islamic law which bans paying or collecting interest on debt. By setting up periodic payment plans based on property price, the Muslims are enabled to become homeowners and unperturbed keep law. The second company listed as a major contributor as a socially responsible corporation is Procter and Gamble. Procter and Gamble has excelled in helping minorities and women, as hygienic as aiding the needy in orthogonal countries. For example, P&G donates to the underprivileged youth in Vietnam, as well as providing for the fight against childhood...