Answer to Question #235735 in Management for Sukoluhle

Question

Assignment

1. Describe the legislative environment influencing corporate governance and social responsibility.

a. Identify fundamental issues in the Law of Contract

b. Describe the process of implementing a BEE programme in procurement

2. Describe the concepts and importance of good governance.

a. What is meant by sustainable development and how it impacts on the supply chain and the purchasing process.

b. Describe the special developmental initiatives being taken by the developing world.

c. Describe the impact of specific South African legislation and key government initiatives.

d. Explain the benefits and implications of developmental measures on the purchasing function.

3. Briefly describe how to calculate Preferential Procurement.

a. With reference to your organization outline analyze its policy on BEE procurement

Answer 1

1. Environmental legislation deals with laws and regulations pertaining to environmental factors. The relationship between social responsibility and good corporate governance helps keep things in good balance.

a. Consideration, agreement and contractual intention.

b. -Identifying data sources, verifying data quality, and identifying information gaps.

  -Development of a BEE plan.

  -Commencing BEE plan imementation.

2. It is a process and a system. It reduces the threat of safety and performance, that can impact an organization.

a. It is a development that meets the wants of the present without compromising future generations' ability to meet their own wants.

b. It helps improve productivity and as well save money and time.

c. Establishment and functioning of bodies responsible for legal aid and rule making.

d. During an economic downturn, the purchasing department plays an important role in the supply chain.