
The country is on a lock-down, church
gatherings, sporting events and conferences are suspended, staff are being told
to work from home, and panicked consumers are stockpiling masks, medicines and shelf-stable
foods. In this state of fear and the unknown, we need to remain calm and follow
all guidelines as issued. One may have observed the efforts of the government
in containing and mitigating the spread of the virus. Nonetheless, we cannot be
relying on the government alone; we all need to do our part in curbing the
spread of this virus.
Gone are the days where the government was
considered the exclusive social change agent and problem solver of the society.
So where are the private sectors? Many corporations or entities' existence
depend heavily on the community as their customers, so firms cannot survive on
their own and it is not reasonable for corporations to idle back and observe their
stakeholders (customers or society) being exposed to coronavirus. It is a high
time for companies to come on board through moral duties and complement the government’s
efforts to minimize the spread of coronavirus.
Organization and society are
interdependent and in this context, the moral
duties of companies and the idea of interdependency between organizations
and society are manifested in the concept of Ubuntu, which is captured in the
expression 'uMuntu ngumuntu ngabantu',
'I am because you are; you are because we are'. Ubuntu implies that there should be a common purpose to all human
effort, including corporate endeavors that is based on service to humanity. As a logical consequence of this interdependence, one person benefits
by serving another. Companies are to find better ways of plowing back to the
community through Corporate Social Responsibility (CSR)
most especially during this time.
Corporate Social Responsibility (CSR)
requires the governing body of an entity to govern the organization ethically
that is seen as a good corporate citizen. A citizen that has comprehensive
policies and practices in place that enable it to make decisions and conduct
its operations ethically, meet legal requirements and show consideration for the
society and able to address issues of the communities. Corporate citizens are
part of the community and their mandate is not just to make a profit but also to aid and advance the society.
During this dire situation of a national
health emergency where the health of the stakeholders is at risk, organizations are expected to help the society where they operate
with whatever fit to mitigate and prevent the spread of the virus. Organization
needs to take advantage of this calamity and invest in the community through
CSR because it builds a positive relationship with the community, as the
firm would now be perceived as a member of the community. Also, the entity may pay less in corporate tax
because costs for CRS are an allowable deduction for tax purposes and CSR
enhances corporate image and adds brand value.
COVID-19 is a socio-economic challenge
that has effects on individuals and business sectors in our country. The
prevalence of COVID-19 may have a direct impact on the company’s workforce
resulting in absenteeism due to illness, loss of skilled workers, loss of customers
and most importantly potential loss in profits. The disease if it is not
contained is likely to result in loss of valuable skills and stable
breadwinners whose families will then become dependent on the state’s welfare system.
In his briefing statement on the 24th March 2020, His excellency The President Dr. Hage G. Geingob pledge N$ 250 000.00 toward the fight of the virus and invited the private sectors to support the government and mobilize resource to combat the further spread of the virus. Hence is important for private sectors to focus on helping their most vulnerable stakeholders, which is the community by supplying them with for instance sanitizers, mask or gloves. The need of the hour is all hands and resources on deck to fight this coronavirus.
In his briefing statement on the 24th March 2020, His excellency The President Dr. Hage G. Geingob pledge N$ 250 000.00 toward the fight of the virus and invited the private sectors to support the government and mobilize resource to combat the further spread of the virus. Hence is important for private sectors to focus on helping their most vulnerable stakeholders, which is the community by supplying them with for instance sanitizers, mask or gloves. The need of the hour is all hands and resources on deck to fight this coronavirus.
“A business that makes nothing but money is a poor kind of business”
By:
Onesmus K Joseph - ACIS/BAP/CFIP/PPL
MPHIL Candidate - KNUST (Kumasi;
Ghana)
Governance Professional
josephonesmus@yahoo.com
You have made a point. So far is only Old Mutual that made a contribution.
ReplyDeleteTruth is all you have said here, every business need to give back through CSR.
ReplyDelete