Nike is a leading global sportswear and footwear company, known for its innovative products and strong brand. As a publicly traded company, Nike is subject to various laws and regulations related to corporate governance, which are designed to protect the interests of shareholders and ensure the company is run in an ethical and transparent manner.
One key aspect of Nike's corporate governance is its board of directors, which is responsible for overseeing the company's strategic direction and making important decisions related to its operations. Nike's board is composed of a diverse group of individuals with a range of expertise and experience, including executives from other leading companies, academics, and independent directors. The board also has a number of committees, such as the audit committee and the compensation committee, which are responsible for specific areas of governance.
Another important aspect of Nike's corporate governance is its commitment to ethical conduct. The company has a code of conduct that sets out standards for behavior, including ethical business practices, compliance with laws and regulations, and respect for human rights. Nike also has a number of policies and procedures in place to ensure that these standards are upheld, such as its whistleblower policy, which allows employees to report any concerns they may have about the company's conduct.
In addition to these internal measures, Nike is also subject to external oversight by regulatory bodies and shareholders. The company is required to disclose financial and other information to the Securities and Exchange Commission (SEC) and to its shareholders, and it is subject to regular audits by independent third parties. Shareholders also have the right to vote on key issues related to the company's governance, such as the election of directors and the approval of executive compensation.
Overall, Nike's corporate governance is designed to ensure that the company is run in a responsible and transparent manner, with the interests of shareholders and other stakeholders in mind. By adhering to strong governance practices, Nike is able to build trust and confidence in its operations, which is essential for the long-term success of the company.
Nike Company's Governance and Sustainability
Active Schools call for at least 60 minutes of physical activity a day, deliver high-quality physical education, and create a culture of physical activity for all. Jordan Designers Programme expanded to three new cities — Los Angeles, New York City, and Charlotte — reaching nearly 100 student designers. Most people understand NIKE is big. By allowing the unified executive to operate in both capacities at once, this unified leadership structure creates efficiency. The company involves sustainability rating agencies, consumers, and other stakeholders in decision-making to ensure that it does the right thing.
At its core, it means creating systems that make the most of materials by using and reusing them at their highest potential. One of our most popular product lines, the Tempo Short, is made from at least 75% recycled polyester. Social media and advertising cookies of third parties are used to offer you social media functionalities and personalized ads. A few examples of Sports CSR initiatives in FY19 include: — Donated 25,000 sports bras to girls through more than 50 community programmes around the world. When it comes to the growing climate emergency, the data is crystal clear — and so too are the voices of our athletes.
The company has a research and development center that works in liaison with athletes to develop innovative prototypes. The fourth aspect involves scaling the choices. Nike invests in research and development to ensure that it supplies quality products to clients. By FY20, Converse had shipped 128. And now it employs around 80 people all over the world within the supply chain.
Girl Effect was first launched with other organizations as a movement based on the premise that the most effective way to break the cycle of global poverty is to improve the lives of adolescent girls, and in 2015 evolved into an independent global nonprofit organization by the same name. It is this understanding that drives the urgency of our commitment to sustainability and impact. Do you accept these cookies and the processing of personal data involved?. And what here will be discussed the process how a corporate body that is Nike governs, ethic of it and the corporate responsibility of it upon the business world and balance of interest of the stakeholders such as Government, Employees, Customers, Suppliers, Creditors, Community. It does a lot of business in Japan, Korea, China, and many other countries with 500,000 products in 900 independent companies. Parker and all of his team were very concerned about the new innovations in the company. Parker has joined the company as the footwear designer and the product manager.
Ethics and Objectives: Success in this era, now a days, means maintaining brand value and all that, Nike does not seem to be exceptional. They set the new round of targets and goals, in working in the environmental and the labor issues, in managing brand and the cost, particularly in the areas of innovation and related terms. The company uses CSR to maximize the creation of standard values for business, shareholders, owners, employees, and stakeholders. Another issue was the environmental concern that was rose up in late 1990; there were a lot of issues in the environmental concern like the issues of product recycling, water use in the supply chain, and the releasing of the toxic substances. Attendance of Management at Board Meetings At the invitation of the Board, members of senior management recommended by the CEO attend Board meetings or portions thereof for the purpose of presenting information regarding a particular matter or participating in discussions.
The practices of the employees should support the environmental initiative and they restrict the carbon footprint in order to make operations more sustainable. For example Nike made sure that all their workers in the supply chain was where over the age of 18. NIKE has the climate impact of a global city. Throughout its existence, NIKE endorsed and sponsored different athletes like Michael Jordan the famous basketball player or Tiger Woods the young outstanding golf player and so many. Therefore, that has contributed in ensuring that the company can properly work with the customers thus guaranteeing its competitive advantage. Selection of the Chairman of the Board and CEO The Board elects the Chairman of the Board and the CEO. From 2000 NIKE started to move little more towards the electronic and technological sector and historical impact on the industry, NIKE released a line of running shoes, introduced a line of athletic electronics, including MP3 players, heart monitors, and two in one, which are always useful to athletes.
Answer all the questions. The Board will publicly disclose its decision within 90 days of the certification of the election results. In evaluating potential candidates for suitability, the Committee considers many factors to identify. In fact, it is said that stakeholder governance has the potential to. The company has ceased dealing with contract factories that exploit workers. Corporate Governance: From the …show more content… It contracted with more than 700 shops in 45 countries all around the world.
Already, I can see the meaningful difference that our teams are making in the world — for our people and our planet. It also encourages employees to always do right despite the cost. Yet the extraordinary impact NIKE can have is already clear to me. The need for sustainability has led to the company investing in research and development. These include cookies that allow you to be remembered as you explore the site within a single session or, if you request, from session to session. End-of-life shoes and manufacturing scrap — including rubber, foam, leather, and textile blends — become new material feedstock for use in products by NIKE and other industries.