...Solidarity Fund, a large pension fund operated by the Quebec Federation of Labor (QFL). The QFL had founded the Fund to provide members of its affiliated unions and others access to professionally managed retirement accounts. It also sought to create job growth in the province of Quebec and to support companies with good working conditions, positive relations with local communities, and a commitment to environmental responsibility. The dilemma concerned what the Fund should do about its investments in Gildan Activewear, a Quebec-based textile company. Human rights activists and investigative journalists had charged that Gildan’s workers in Honduras earned less than a living wage, worked long shifts, had excessively high production quotas, and breathed air filled with fabric dust. Just a few months later, a labor rights group issued a report claiming Gildan had fired Honduran workers who had tried to organize a union. These charges presented the Fund, which owned 14 percent of Gildan, with a difficult dilemma. The textile company had been an excellent investment; its stock had risen in value from just over $2 per share when the fund first invested to nearly $12. However, if the allegations were true, the company’s practices would run counter to the basic values of the Fund. Should the pension fund try to influence Gildan’s conduct? Should it sell its shares in protest? Or should it do neither? Kes ini menerangkan keputusan yang dihadapi oleh pegawai Dana Perpaduan, dana pencen yang...
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...citizens are retired or are at a job loss. It also helps develops sustainability since high interest rates had created bankruptcy for many small to medium sized businesses while also a nearly a quarter of the young adult population in Quebec were unemployed. 2. Do you believe in the evidence in the case shows Gildan Activewear to be a socially responsible company, or not? I don’t believe that Gildan Activewear is a socially responsible company after the evidence set forward by the Maquila Solidarity Network (MSN), a North American labor rights organization, and Equipo de Monitorio Independiente de Honduraas (EMIH) which is an independent nonprofit monitoring agency. The report stated that ages for not meet the basic needs of the workers and they were responsible for excessively high production targets. Gildan failed to provide day care and nursing facilities as required by the law and the new employees are tested for pregnancy and the ones found to be pregnant were fired. It was reported that during that same month, 38 workers were fired because they registered at a union. A plethora of reports were received through MSN and EMIH that proved that the Gildan company were not treating their international workers properly and rather...
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...The Solidarity Fund and Gildan Activewear, Inc The case talks about the deliemma faced by the Solidarity Fund, a sophisticated retiriement fund operated by the Qubec Federation of Labor. The goal of QFL was to extend access to managed retirement account for its members and to instill job growth in the Qubec region. Another focus of the QFL was to support socially responsible companies that carried out their due delligence process sucuessfully and paid special attention to employee working conditions. The controversy stemmed from the fact the Gildan Activewear and Montreal based textile and Garment that started in 1984 managed and operated three factories. Gildan Activewear is a Montreal-based textile and garment company that started in 1984. Gildan ownd and operated three factories and in effort to compete with Hanes and Fruit of the Loom, Gildan began to expand in 1995, Gildan contacted the Solidarity Fund for help in financing its expansion Gildan grew drastically and even expanded some production to Honduras Gildan believed that Honduras was the reason for its success as80% of the jobs were held by women between the ages of 18 and 25.In 2002, the basic minimun hourly wage was 63 cents. An employee in Montreal earned more in one hour than an Honduran did in one day.The Solidarity Fund's conducted an audit on Gildan and discovered that there were many issues with factories In Hunduras. Some of the issues were dilapadated facilities, substandard working conditions like illegal...
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...communities, and a commitment to environmental responsibility. The goal of QFL was to extend access to manage retirement account for its members and to instill job growth. Another focus of the QFL was to support socially responsible companies that carried out their due diligence process successfully and paid special attention to employee working conditions. The controversy stemmed from the fact the Gildan Active wear and Montreal based textile and Garment that started in 1984 managed and operated three factories. Gildan owned and operated three factories and in effort to compete with Hanes and Fruit of the Loom, Gildan began to expand in 1995, Gildan contacted the Solidarity Fund for help in financing its expansion. Gildan grew drastically and even expanded some production to Honduras. Gildan believed that Honduras was the reason for its success as 80% of the jobs were held by women between the ages of 18 and 25. In 2002, the basic minimum hourly wage was 63 cents. An employee in Montreal earned more in one hour than a Honduran did in one day. The Solidarity Fund's conducted an audit on Gildan and discovered that there were many issues with the factories in Hunduras. Some of the issues were dilapidated facilities, substandard working conditions like illegal firings, poor conditions and a high level of cotton dust. One of the main criteria’s of The Solidarity Fund was to help socially responsible companies expand and grow globally. The Solidarity...
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...citizens are retired or are at a job loss. It also helps develops sustainability since high interest rates had created bankruptcy for many small to medium sized businesses while also a nearly a quarter of the young adult population in Quebec were unemployed. 2. Do you believe in the evidence in the case shows Gildan Activewear to be a socially responsible company, or not? I don’t believe that Gildan Activewear is a socially responsible company after the evidence set forward by the Maquila Solidarity Network (MSN), a North American labor rights organization, and Equipo de Monitorio Independiente de Honduraas (EMIH) which is an independent nonprofit monitoring agency. The report stated that ages for not meet the basic needs of the workers and they were responsible for excessively high production targets. Gildan failed to provide day care and nursing facilities as required by the law and the new employees are tested for pregnancy and the ones found to be pregnant were fired. It was reported that during that same month, 38 workers were fired because they registered at a union. A plethora of reports were received through MSN and EMIH that proved that the Gildan company were not treating their international workers properly and rather inhumanely. 3. What...
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...Benefits For Gildan Let’s take a look at the benefit first. The competitive advantage of Gildan in the activewear industry is that the company is able to provide customer high-quality T-shirts and fleece garments with a very low price. After expanding to Honduras, where labor was cheap, the manufacturing cost of Gildan had a significant decrease. So the company was able to hire more workers to involve in manufacturing. In 2001, Gildan produced 168 million T-shirt. The inexpensive manufacturing cost and high productivity allowed Gildan to maintain their competitive advantage and set up very low selling price to their customer so that they can increase sales. The annual sale of Gildan in 1998 was $200 million. And 3 years later, in 2001, their sale rose to $500 million. Also the high quality and low cost garments enable Gildan to earn more market share. It surpassed its competitor, Fruit of the loom, to become the leader of the industry in 2001. For Honduras The globalization of Gildan also benefits Honduras. The foreign investment is helpful for Honduras GDP growth. The company also created a lot of job opportunities for local people. Starting in 2001, Gildan built massive textile facilities and employed more than 5,000 people as their sewers. In addition, Gildan transferred lots of skills and technology to Honduras. It provided training for workers. And all of these above are beneficial for Honduras development. For the Fund For The Solidarity Fund, the benefit of Gildan’s...
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...8/29/2015 Scholarship Opportunity Home | Contact | TShirts On Sale | Tracking | Cart | Site Map | Search Search Cart Summary Search Shop By... All TShirts Basic TShirts Sweatshirts Hoodies Polo/Golf Shirts Ladies Apparel Athletic Apparel Athletic Shorts Youth Apparel Hats Accessories Recently Added On Sale Now! Scholarship opportunity for students looking to love their careers! Make plans now to love your career. Scott Jones, founder of JonesTshirts.com is a firm believer in the importance of loving your career. It affects every aspect of your life. Your family can see a difference when they know that you don't dread going into work everyday. You're happier and those around you are happier. It's important to start thinking about this concept early, especially while in college. Items: Subtotal: 0 $0.00 Recently Viewed Items Email Updates Click here to sign up for email updates and discount codes. Who Can Apply? Any student who will be enrolled in a college or University at the time of the next deadline (see dates below). This scholarship is limited to students attending school in the 50 U.S. states. Upcoming Deadlines Monday September 7, 2015 Please follow these steps EXACTLY as outlined below to qualify for review. (Essays that ignore these simple requirements will be ignored) 1) Essay Outline Requirements Write a 500 to 1000 word essay outlining at least 3 steps that you plan to take in the next year ...
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...Business Ethics and Corporate Strategy Ethical Issue Paper Travis G. Stoufer Business Ethics-BUS 323 Janet Evelyn-Dorsey January 29, 2010 Abstract A paper presented on the growing issues of business ethics and the decisions consumers and producers make when moral and ethical responsibilities are in question. Paper presents tools for consideration for tomorrow’s leaders and gives a general overview of strategies corporations take to limit legal responsibility in ethical matters that include; hiring of undocumented workers, strategies such as breach and pay, document retention, and rewriting policy on employees instead of treating them with dignity and respect. The paper discusses the viewpoint of ethical responsibilities with primary stakeholders in mind. The primary stakeholders for consideration in this paper would be employees, consumers, managers, and CEO’s. This paper argues corporate strategies such as breach and pay, document retention, and hiring of undocumented workers is unethical. Corporate strategies of this sort are unethical and consumers should align the purchases of goods and services with companies that participate in corporate social responsibility. BUSINESS ETHICS AND CORPORATE STRATEGY Table of Contents Abstract……………………………………………………………………………………ii Table of Contents…………………………………………………………………………iii Introduction…………………………………..…...……………………………………….1 Background……………….…………………...………………………………………...1-2 Analysis..……………………………..……..…………………………………………...
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...Investing In TUFs at Northern Insurance Rajavardhan Reddy Madireddy IST7100 Wilmington University Table of Contents Introduction…………………………………………………3 Lack of Project Management………………………………3 Corrective Actions for TUFS………………………………4 Plan to Reduce The Problems in Future Projects…………5 Conclusion…………………………………………………….5 References……………………………………………………..6 Introduction Technical underwriting is the method of assessing the customer’s eligibility to approve their services by the financial service provider. The case alludes to an organization called Northern Insurance and their gigantic venture on TUFS (Technical Underwriting Financial System). That framework was the biggest speculation ever constructed on IT by Northern Insurance and it should aid the organization by "streamlining the granting process and giving key e-business capacities". Yet, after several months, TUFS turned into the expense middle of the organization, spending just about $4 million, and consequently the CIO, Martin Drysdale's occupation was at stake. He had a gathering with the CFO, Melissa Freeman, to talk about the reasons why the framework was not giving the profits it should and whether to continue contributing on it. Lack of Project Management The departments of the organization were not on the same road. It is very clear that the TUFS system went wrong in the working. The system was responsible in the rise of problems based on opportunities deliverables and strategic alignment. The company supposed...
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...Market Growth Wal-Mart, Target, and Kohls are the company's largest customers, accounting for 24%, 17%, and 5% of 2014 sales, respectively. Mass merchandise stores are vital to the company's performance, accounting for about half of Hanesbrands' total sales. Hanesbrands also allies with mid-tier stores, including J. C. Penney, Macy's, and Kohls, which are adding its lower-priced labels. It's L'eggs and Hanes brand underwear are also sold in food, drug, and variety stores. Hanesbrands also sell apparel to the US military for sale to soldiers and through discount chains, including Dollar General and Family Dollar Stores. Looking to grow abroad in 2014, Hanesbrands acquired DBApparel Group of France, a maker of intimate apparel in Europe, from investment firm Sun Capital Partners. DBApparel holds the license to manufacture and sell apparel under the Wonderbra and Playtex trademarks in the European Union, as well as several other nations in Europe and South Africa ("Hanes Brands Inc.", n.d). Hanesbrands hopes to identify and capitalize on the long-term megatrends related to their top product lines over the next five to 10 years. To this end, in early 2015, the company purchased Knights Apparel to expand its sports licensed collegiate apparel business with a goal of appealing to college students as that market grows over the next years and decades. In 2012, after success with its Tagless undershirts, Hanesbrands brought its Tagless platform to its male underwear bottom products...
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...ADM 1002 Initiation à la Gestion Travail noté 2 Question 1 Au Canada, l’industrie du textile est principalement située dans la grande région de Montréal. Une des faiblesses de l’industrie du vêtement est que bien qu’ancien, ce secteur de l’activité économique ne jouit pas des mêmes avantages concurrentiels que l’industrie aérospatial ou de l’aluminium, favoris de l’économie québécoise. D’une part, il y a notre capacité légendaire à ériger des barrages qui produisent à très faibles coûts l’électricité nécessaire aux usines comme Alcan, il y a les nombreuses écoles de génie de Montréal et une population « naturellement » bilingue qui assurent à Bombardier et Pratt & Whitney une main-d’œuvre instruite et productive, d’une autre part, il y a l’industrie de la mode, qui elle, semble sur le respirateur artificiel depuis fort longtemps. Surtout depuis la fin des tarifs douaniers sur l’importation de vêtements en provenance de l’Asie et l’entrée de la Chine dans l’Organisation mondiale du commerce. Ensuite, les détaillants ont souffert parce qu’ils n’ont pas anticipé le fait que les consommateurs sont devenus plus attentifs aux prix. De plus, avec l’arrivée des femmes sur le marché du travail, le contraste est assez concret. La femme a développé le pouvoir d’achat, a contribué au changement de ses habitudes vestimentaires et elle peut maintenant comparer les prix. Puisque les femmes sont plus exigeantes et recherchent des produits plus conformes à leurs styles de vie,...
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...Kids Clothing Store Business Plan Plan Outline 1.0 Executive Summary Mission Objectives Keys of Success 2.0 Company Summary Company Ownership Start-up Summary Company Locations and Facilities 3.0 Products Products Description Competitive Comparison Sales Literature Sourcing Technology Future Product 4.0 Market Analysis Summary Market Segmentation Target Market Segment Strategy Market Needs Market Growth Industry Analysis 5.0 Strategy and Implementation Summary Competitive Edge Marketing Strategy Sales Strategy Sales Forecast Milestones 6.0 Management Summary Organisational Structure Management Team Personnel Plan 7.0 Financial Plan Important Assumptions Break-even Analysis Projected Profit and Loss 1.0 Executive Summary Young parents, whether father or mother, are intereted about latest trends so they want their kids to look smart and beautiful by wearing dresses of the latest design. In order to fulfil young parents' expectations and demands for clothes that suit their kids whether boys of girls, T'square will be the ideal concept store. T'square is a new firm will be started-up to provide good quality and latest trend of children's clothing. We present an extensive range of kids wear that are manufactured using different fabrics such as Cotton, Silk, Wool...
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...Third Pass Value CHAPTER 7 PART 2 5 The Time Value of Money 6 Valuing Bonds 7 Valuing Stocks 7.1 Stocks and Stock Markets 7.2 Market Values, Book Values, and Liquidation Values 7.3 Valuing Common Stocks 7.4 Simplifying the Dividend Discount Model 7.5 Growth Stocks and Income Stocks 7.6 There Are No Free Lunches on Bay Street 7.7 Market Anomalies and Behavioural Finance 7.8 Summary 8 Net Present Value and Other Investment Criteria 9 Using Discounted Cash Flow Analysis to Make Investment Decisions 10 Project Analysis Valuing Stocks LEARNING OBJECTIVES After studying this chapter, you should be able to: LO1 LO2 LO3 LO4 LO5 Interpret stock trading information found on financial Web sites. Calculate the present value of a stock given forecasts of future dividends and future stock price. Use stock valuation formulas to infer the expected rate of return on a common stock. Interpret price-earnings ratios. Explain what professionals mean when they say that “there are no free lunches on Bay Street.” bre0089X_ch07_219-261.indd 219 31/01/12 11:32 AM Third Pass At the Toronto Stock Exchange and many other stock exchanges, all of the stock trading is done electronically, using computers. © James Leynse/Corbis. A corporation can raise cash to fund its investments by borrowing or by selling new shares of common stock to investors. If it borrows, it has a fixed obligation to repay the lender. If it issues shares, there is no fixed obligation, but the new...
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...December 2009 The Apparel Industry in Australia1 1. 2. 3. 4. 5. 1. Executive Summary ................................................................................................................ 1 Market Entry............................................................................................................................ 1 Retail Channels....................................................................................................................... 4 Distribution Channels.............................................................................................................. 8 Market Resources................................................................................................................... 9 Executive Summary The Australian apparel market can be described as relatively small, competitive and well-serviced by domestic companies. Nonetheless, this market presents opportunities to Canadian business. Canada and Australia share similar cultures and lifestyle, for example, sports and the outdoors. This translates into similar fashion tastes and trends. Facing increasing pressure from inexpensive imports, competitive department stores and decreasing prices, Australian retailers are looking for new ways to compete. Some have differentiated by specializing and offering only a particular type of product, such as sportswear. Others sell exclusive product that cannot be found elsewhere. Most have moved to the mid- to high-end of the market...
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...18 19 20 21 22 Acadian Timber Corp. Acorn Energy, Inc. Adobe Systems Incorporated Advanced Micro Devices, Inc. AEterna Zentaris Inc. Ag Growth International Inc. Agrium Inc. Air Canada AlarmForce Industries Inc. ANI Pharmaceuticals, Inc. Bank of America Corporation Bank of Montreal Bank of Nova Scotia, The Barclays Bank PLC Barrick Gold Corporation BCE Inc. Brookfield Asset Management Inc Caledonia Mining Corporation Canadian Imperial Bank of Commerce Canadian National Railway Co. Canadian Oil Sands Limited Canadian Pacific Railway Limited Canadian Tire Corporation, Ltd Last 2 Company Assigned digits of your student number 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 Gildan Activewear Inc. Glencore Canada Corporation Helix BioPharma Corp. High Liner Foods Incorporated Hydro One Inc. IMAX Corporation Imperial Oil Limited Inovio Pharmaceuticals, Inc. Leon's Furniture Limited Linamar Corporation Loblaw Companies Limited Lojack Corporation lululemon athletica inc. Magna International Inc. Maple Leaf Foods Inc. Martinrea International Inc. Metro inc. Molson Coors Brewing Company Nanotech Security Corp. 69 70 71 72 National Bank of Canada Potash Corporation of Saskatchewan Inc. Rare Element Resources Ltd. Resolute Forest Products...
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