Corporate Social

Responsibility
and
Good Governance
Narrative Report
Our Lady of the Pillar College-Cauayan
Bachelor of Science in Business Admintration
Major in Financial Management
A.Y. 2014-2015
Submitted to:
Ms. Melanie A. Abiendo
Instructor
What is Business?

Business, as defined in the Local Government Code (LGC) of 1991, pertains to trade or
commercial activity regularly engaged in as a means of livelihood or with the a viewpoint of
obtaining profit.
A business is generally characterized as performing a systematic, continuous, and regular
income generating activity. It is not a performance of a single disconnected act to obtain a
gain.
The business may be pursued by any person, regardless of whether or not the business is a
non-stock and nonprofit private organization (irrespective of the disposition of its net income
and whether or not it sells exclusively to members or their guest), or government entity.

What is its role in the economy?

Businesses contribute to local economies by bringing growth and innovation to the community
in which the business is established. Businesses also help stimulate economic growth by
providing employment opportunities to people who may not be employable by larger
corporations. Businesses tend to attract talent who invent new products or implement new
solutions for existing ideas. Larger businesses also often benefit from small businesses within
the same local community, as many large corporations depend on small businesses for the
completion of various business functions through outsourcing.

Profile

of
the
Business

Curriculum Vitae of the Owners

Name: King Mikko Aban

Address: Reina Mercedes, Isabela
Age: 19
Gender: Male
Birth Date: August 25, 1995
Specialization/Year Level: Financial Management 3rd Year

Name: Gen Nicolei Aggabao

Address: San Mariano, Isabela
Age: 20
Gender: Male
Birth Date: January 20, 1995
Specialization/Year Level: Financial Management 3rd Year

Name: Allan Francis Ayroso

Address: Christine Village, Cauayan City, Isabela
Age: 19
Gender: Male
Birth Date: June 22, 1995
Specialization/Year Level: Financial Management 3rd Year
Name: Ma. Jessica Baroro
Address: Don Jose Canciller Avenue, Cauayan City, Isabela
Age: 20
Gender: Female
Birth Date: December 22, 1994
Specialization/Year Level: Financial Management 3rd Year

Name: Emil Paul Guiang

Address: Bucag St., Cauayan City, Isabela

Age: 19
Gender: Male
Birth Date: February 10, 1996
Specialization/Year Level: Financial Management 3rd Year

Name: Dianne Kae Dalupang

Address: , Isabela
Age: 19
Gender: Female
Birth Date: , 1995
Specialization/Year Level: Financial Management 3rd Year
Name: Jolina Dela Paz
Address: San Francisco, Cauayan City, Isabela
Age: 19
Gender: Female
Birth Date: , 1995
Specialization/Year Level: Financial Management 3rd Year
Name: Alma Mae Joy Mendez
Address: Woodcrest Subdivision,Tagaran, Cauayan City, Isabela
Age: 19

Gender: Female
Birth Date:, 1995
Specialization/Year Level: Financial Management 3rd Year

Name: Brilla Liza Simangon

Address: Bliss Tallungan, Reina Mercedes, Isabela
Age: 19
Gender: Female
Birth Date: January 17, 1996
Specialization/Year Level: Financial Management 3rd Year
Name: Prince Bernard Tamayao
Address: Reina Mercedes, Isabela
Age: 19
Gender: Male
Birth Date:, 1995
Specialization/Year Level: Financial Management 3rd Year

Name: Mary Jane Trivio

Address:Burgos St., Cauayan City, Isabela
Age: 18
Gender: Female

Birth Date: June 18, 1996

Specialization/Year Level: Financial Management 3rd Year

Starting Capital

Our Product

Graham balls is another simple and easy dessert made of graham crackers. It consists of
marshmallows, crushed graham crackers, condensed milk and sprinkles. Mold into a ball
shapes then roll in sprinkles and refrigerate before serving.

Ingredients:
3 cups crushed graham crackers
1 cup condensed milk
1 pack marshmallows
sprinkles (rice crispy, crushed nuts, chocolate sprinkles, rainbow sprinkles, etc.)

Procedures:
1. In a mixing bowl, put the crushed grahams.
2. Dip the marshmallows into the condense milk and coat it with crushed grahams.
3. Mold into a ball shapes and roll in sprinkles.
4. Place into paper cups then refrigerate for at least 3 hours before serving.

Documentation of Selling Proper

Financial

Statements

Corporate
Social
Responsibility

Initiatives
What is your own personal
definition of Social Responsibility?
Corporate Social Responsibility. Whenever I heard this three letters, the first thing that pops
out on my mind is that, it is the action taken of a certain company to a group of people
without any payment in return. Corporate Social Responsibility or simply CSR is somewhat
sharing your blessings to other people. It is done by means of conducting feeding program to
undernourished children, giving school supplies, granting scholarships, tutorials or teaching
street children how to read and write and many other ways. But CSR is not only concerning on
other people rather, it also concern on the environment by means of conducting clean and
green programs. For example, practicing proper waste disposal and teaching it to other
people, tree planting, donating cleaning materials to a certain community and the like. There
are many other ways to conduct Corporate Social Responsibility just do it with your heart and
you will surely think a very good definition of it.
-King Mikko Aban

Corporate Social Responsibility is an activities taken by businesses and companies to

somehow give back to their customers not only them but also to those shareholders to help
their business grow a portion of their profit.

-Gen Nicolei Aggabao

Corporate Social Responsibility is a practice where the society and a business benefits from
each other.
-Allan Francis Ayroso

Corporate Social Responsibility is a philosophical value embraced by corporate entities that

believe their purpose and responsibility is to not only be sustainable through profits, but that
they do so in a way that thoughtfully incorporates an understanding that their actions impact
the greater community and world in which they operate. It is a developmental tithe given to
fill in the social gaps existent in such a community and, in fulfillment of a moral obligation to
that community by the respective corporate.
-Ma. Jessica Baroro
Corporate Social Responsibility is the harmonious relationship of a firm or organization with its
different stakeholders in order to maximize its potential and bring forth quantitative benefits
with win-win results. CSR should be entrenched into a companys day to day business
strategies so they should most likely aim for an integrated and even more holistic approach in
order to contribute sustainable development.
-Emil Paul Guiang
CORPORATE SOCIAL RESPONSIBILITIES -is a duty, a responsibility, an ethical theory, a process
etc. These are some term to define CSR. And if I was to define CSR, for me it is a means for
continuous commitment of the business to the people and to the society, in a manner that
they can meet their social and environmental concerns. And to know how can they contribute
to economic development. Giving back to people is only one of the most common CSR
approaches use by the different businesses. Some of the companies do these things through
the conduct of different programs and activities such as doing charity work, volunteer works,
feeding programs and the like. And on the other hand they earn the trust and sympathy of the
people.
-Jolina Dela Paz

Corporate Social Responsibility is an initiative of doing good things to other people, especially
to the needy. Giving importance to them very happy and thankful.
-Alma Mae Joy Mendez

CORPORATE SOCIAL RESPONSIBILITY it is a responsibility of an organization or individual to do

their duty or doing good things that must benefit the society. Every individual has the
responsibility to act and make decision that will help the society and caring for others. An
organization or individual should always consider the effect of their act or decision in the
society to the economy and the people around them.
-Brill Liza Simangon

Corporate Social Responsibility is one of the key to successful business governance that may
lead to the progress of the organization. CSR also contributes in obtaining the trust of the
stakeholders of the organization and its valued customers.
-Prince Bernard Tamayao

Corporate Social Responsibility is not just an obligation. For me, I can say that CSR is an
initiative in doing what we know is right, what Im trying to say is we should know how to
maintain the cleanliness and doing what is lawful for us to have a proper civilization.
-Mary Jane Trivio

Importance of
Corporate Social Responsibility

Social responsibility is a way to give meaning to their work. Through corporate social
responsibility, individuals can realize their personal values through their business. They feel
greater levels of achievement and are confident that their work is important for their
community and the world. They experience fewer regrets. They feel excited going to work
each day and would never characterize it as tedious and unrewarding. Corporate social
responsibility can be a source of personal pride, and a way to make work interesting and
important.
Most business leaders are acutely aware of the problems and challenges our societies
face. Having built a successful company, many seek to give back to their communities. They
volunteer, donate, and fundraise. They strive, through their personal actions, to make the
world a better place.
More and more, leaders recognize the opportunity to involve their company in changing
the world. By involving employees, customers, and other stakeholders, much more is
achievable. And in the process, the company can become stronger and more sustainable than
ever.
Companies that effectively engage in corporate social responsibility experience many
benefits. They enjoy a positive effect on staff retention, recruitment, and motivation. They
experience increased customer satisfaction and loyalty, particularly when customers buy
based on relationships, trust, reputation or brand.
Socially responsible companies, large and small, have better reputations, can better
detect and respond to risk, and can anticipate the needs of their stakeholders with greater
certainty. When things go wrong, they are more quickly forgiven for mistakes.
As a side effect of their efforts, these companies can experience operational efficiencies
and cost savings. They also have an improved ability to innovate, develop new products to
meet customer needs, and leverage the creativity of their stakeholders.
When you identify your stakeholders, their needs and their expectations, and you make
genuine commitments to do them more good and less harm, they respond by making greater
commitments to you. These companies can ask for more from their employees, customers,
and investors. And they get it. When they make mistakes, which happen inevitably, they are
more readily forgiven.
Loyal customers make repeat purchases, make bigger purchases, and become product
advocates. Loyal employees exert greater effort and commitment towards corporate goals in

which they strongly believe. Top performers are less likely to go to competitors. This means
lower turnover and training costs, and intellectual capital stays within the company.
Many traditional business processes are aimed at making important stakeholders
(namely shareholders, customers, and employees) more satisfied. But satisfaction alone is not
enough to keep customers coming back and to encourage employees to give their best effort.
Loyalty - whether someone is committed to you for the long-term - depends on much more
than just satisfaction. Social responsibility is powerful because it can drive loyalty directly.