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NAME:
The Coca-Cola Company
COMPANY ADDRESS:
One Coca-Cola Plaza
Atlanta, Georgia 30313-2420
U.S.A.
LENGTH OF OPERATION:
146 years (1869-2015)
COMPANY BACKGROUND:
Beverages
San Miguel Brewery, Inc. is the Philippines' largest brewer and a leading brand in
Hong Kong and South China. San Miguel Pale Pilsen is one of the worlds topselling beers. Its portfolio of beer products also includes San Miguel All Premium
Malt, San Miguel Super Dry, San Mig Light, San Mig Strong Ice, Red Horse Extra
Strong Beer, Gold Eagle, San Miguel Draft and CervezaNegra.
Food
San Miguel Pure Foods Company, Inc. (PSE: PF) is the largest food company in
the Philippines, with nearly 3,000 employees deployed in a nationwide network of
offices, farms, manufacturing, processing and distribution facilities. The company
was incorporated in 1956 as Pure Foods Corporation, a manufacturer of
processed meats marketed under the Purefoods brand name. In 2001, SMC
acquired Pure Foods Corporation from Ayala Corporation and renamed as San
Miguel Pure Foods Company, Inc.
Packaging
San Miguel Yamamura Packaging Corporation (SMYPC) produce packaging
formats, servicing many leading food, pharmaceutical, chemical and personal
care manufacturers.
Properties
San Miguel Properties, Inc. was established in 1990 as SMCs corporate real
estate arm, its current projects include mixed-use developments, with economy
to middle-income housing as its core products.
MISSION
To be constantly aware of the aspirations of the people and of the nations, and to
ensure that San Miguel continues to make a major contribution towards the
achievement of these aspirations.
To manufacture, distribute, and sell throughout the Philippines food products,
beverages, packaging products and animal feeds being ready at all times. To
add, modify or discontinue products in accordance with changes in the market.
To diversify into fields which will ensure optimum utilization of management
resources and a substantial contribution to corporate profits.
To generate a return funds employed sufficient to ensure an adequate rate of
growth for the corporation and to provide satisfactory returns to stock
VISON
Making Everyday Life A Celebration
San Miguel will be among the largest food, beverage and packaging companies in the
Asia-Pacific. We will carry into new markets our over a century-old tradition of quality
and integrity. Consumers will take pleasure in reaching for our products and services
becausethey are the best value for money. Our food and beverage brands will be in
every household and every retail outlet. We will meet our consumers everyday needs,
delighting their every taste. Through our products and services, every occasion to drink
and eat will bring enjoyment a celebration.
CHAPTER 2
BEST PRACTICES AND POLICIES OF THE COMPANY
In the business milieu, social responsibility is becoming an important investment factor.
Better access to capital is often granted to corporations with a strong social
responsibility performance. It also puts these fi rms in a position to attract strategic
partners, paving the way to gaining higher investment returns. Investors worldwide put a
premium on social responsibility as a strategic business component.
Corporate governance and social responsibility directions have dovetailed in recent
years. More shareholders view how corporations manage social responsibility concerns
with growing confidence. This stresses the vital role of the Board of Directors and
management in effectively institutionalizing social responsibility.
There is a visible manifestation of social responsibility in the corporate governance
policies and practices of San Miguel Corporation. All publicly listed companies of the
San Miguel Group are in full compliance with the Securities and Exchange
Commissions rules and regulations. SMC was the fi rst company to submit a Corporate
Governance Manual to the SEC with the intention of institutionalizing the principles of
good corporate governance throughout its organization.
Compliance System
In adherence to corporate principles and best practices, the Chairman of the Board
designated a Compliance Officer reporting directly to him. As the position denotes, he is
responsible for seeing to it that the organization complies with the provisions in the
manual.
The Board of Directors is responsible for the long-term success of the Corporation and
its sustained competitiveness, consistent with its trusted role exercised in the best
interest of the Corporation, its shareholders and other stakeholders.
Forming working committees within the Board fosters open discussion, keeping Board
members informed, and allowing them to become more sensitive to shareholders
interests.
Audit Committee This committee ensures that the accounting and auditing processes,
practices and methodologies meet international standards. It develops a definitive
timetable within which the accounting system of the Corporation is 100% compliant with
the International Accounting Standards (IAS). It includes an accountability statement to
identify specific officers and personnel who are directly responsible for accomplishing
such task.
Financial records conform to accounting principles generally accepted in the
Philippines. Upon its approval, the Corporation will adopt the IAS as its main accounting
and financial reporting platform for international acceptability. The Audit Committee
promotes a transparent financial management system which strengthens the integrity of
internal controls within the Corporation.
An External Auditor is selected and appointed by the stockholders upon the
recommendation of the Audit Committee. To ensure an environment of good corporate
governance, the External Auditor or the handling partner is changed every five years or
earlier.
The Corporation has in place an independent internal audit function performed by an
Internal Auditor, who ensures that its key organizational and procedural controls are
effective, appropriate and complied with.
Disclosure System
All material information are publicly disclosed. These include earning results, Board
changes, and shareholdings of directors.
The Corporation established an Investor Relations Unit to disseminate timely
information to shareholders. SMC practices consistency, accuracy and timeliness in the
delivery and communication of information and data. The Unit coordinates with the
Compliance Officer and other SMC divisions in effectively communicating with
stakeholders.
Monitoring and Assessment
Each committee reports to the Board of Directors. The Compliance Officer established
an evaluation system to determine and measure compliance against the manuals
guidelines.
Companys Policy
Whistle-blowing Policy
The Corporation has an established whistle-blowing policy aimed at encouraging
employees to speak out and call the attention of Management to any suspected
wrongdoing which is contrary to the principles of the Code of Ethics and
violations of the Corporation's rules and regulations. The policy aims to protect
the whistle blower from retribution or retaliation, and provides a disincentive to
passively allowing the commission of wrongful conduct. The whistle blowing
policy provides for procedures for interested parties to communicate, even
anonymously, concerns regarding accounting, internal accounting, auditing or
financial reporting matters directly to the SMC Audit Committee through the
Office of the General Counsel.
This policy statement sets out the conditions and rules under which the directors,
officers and employees of the Company (the "Relevant Persons") shall deal in
securities of the Company.
Policy and Data Relating to Health, Safety and Welfare of Employees, Including
Training
As stated in the Companys Employee Manual, in acknowledgement of the
varying needs inherent in every individual, the Corporation endeavours to provide
an environment where the holistic wellness of employees is nurtured and
protected. The Corporation supports several wellness programs and maintains
facilities that take care of the employees well being. These include the
gymnasium, employee clinic and Management Training Center. The Corporation
likewise encourages its individual business units to develop and implement
employee wellness programs of their own provided they are consistent with
Corporation policies and guidelines.
The Corporation provides comprehensive health care service directed at
prevention of disease protection from health hazards and maintenance of health.
Programs are also implemented to identify personal risks to health and to detect
diseases in the early and most treatable stages. The Corporation is also
committed to improve the quality of life of its employees through healthy living
and piloting of wellness initiatives to encourage employees to maintain active and
healthy lifestyles. The Corporation also provides regular information on health to
assist employees in making better decisions regarding their health condition as
well as that of their dependents.
The Corporation also strives to protect its employees from harassment of any
form. The Corporation actively implements mechanisms for dealing with such
occurrences and ensures that it will act justly, swiftly and decisively in addressing
such complaints. The Corporation is also committed to promote a work place that
is free from drug abuse as it is detrimental to the health, safety and work
performance of employees and poses risks to Corporation operations and
product quality.
The Corporation seeks to have accident-free operations in all its offices and
production facilities worldwide. The policy on safety is derived from principles,
values, legal and regulatory requirements, and is operationalized through the
implementation of standards of performance and well-documented standard
operating procedures. These are further reinforced by regular installation audits
and proactive education of the workforce.
The following are the Corporations health care programs to protect employees
and their dependents against financial burdens that come with illness or injury:
Customer Care Center provides alternative channels for easy access and fast response
to varying types of customer needs and requests.
The Center supports SMCs businesses in strengthening customer relations, and
indirectly market share as well. It is manned by a professional staff using superior
technology and employing innovative solutions to ensure customer satisfaction and
capture product loyalty. Walk-in customers who may prefer face-to-face interaction feel
welcome amidst the Centers warm atmosphere.
The Centers call handling services take care of both inbound and outbound calls,
providing information on the quality, pricing, distribution and availability of a product or
service, while operating as a call center. It also handles order taking, telemarketing,
sales campaign, promotion of new products, and customer satisfaction surveys.
Electronic customer linkages come through e-mail, faxes and SMS (short message
services).
The Centers integrated setup makes it easy for SMCs operating divisions to link up
with it for their customer and product concerns.
References: http://www.sanmiguel.com.ph/
https://en.wikipedia.org/wiki/San_Miguel_Corporation