As was mentioned before there are many ways to become a “Good Corporate Citizen”. Listed below is what we believe are the five main components:

1. Maintaining a high standard of business ethics; this is vital to show that you provide a fair and impartial set of standards to all. Fail to do this and you will have life in business.

2. Working as Part of the Community

There are very many ways in which a Corporation can give back to the community and it is really a case of finding what ways best suit the company and the community. Click here for some ideas as to what you may consider as part of your Corporate Community Strategy.

3. Protecting the environment; It is incumbent on every corporate entity and also every citizen to do what they can to reduce their carbon footprint on the world we live in. Don’t know your “carbon footprint” from your “global warming”? Click here to find out more.

4. Providing good corporate governance; It is a prerequisite that all corporate entities provide a satisfactory procedure for governance of their corporate affairs. This governance should be adequate enough to ensure that all their affairs are legally and morally above board. In this day and age even extremely large corporations can crumble and fall due to becoming embroiled in scandals. Just take Enron or Hollinger International as examples. Both very big corporations that fell to the ground and are now non existent. And let’s not forget about powerful people too, like Martha Stewart. We all know what happened to her and I’m sure you would rather not spend some time in jail because of less than honest investing.

5. Engaging in fair trade and business practices, as well as fair workplace relations. One of the most important factors in maintaining any business is being fair and equitable to your customers and your employees.

If possible have in place systems and measures that will ensure adequate feedback between the managers of the company and their employees/customers. By doing this you will have a record of the current “health” of your company which will help you to make any of the adjustments required to ensure that your employees and customers feel fairly treated.

And as we seen from the previous article it seems that the statistics prove that companies who are known to be good corporate citizens and treat their employees well also have a healthier bottom line.

Click here for more info and ideas on how to implement a people strategy in your company"