Social Performance

Social Performance

Being the CEO of Northern State Bank of Virginia I have analyzed following changes is needed for the company to deal with. Northern State Bank of Virginia is the bank which has medium sized public corporation which is specializing in the needs of banking for catering a huge range of customers. Company offers services which fits in the needs of all of the business groups. The bank is completely dedicated in contributing its part in being a good corporate citizen and has established various goals to set a foundation that funds health related needs to the children, when insurance as well as other financial resources exhausted.

The main stakeholders of the Bank include stakeholders, suppliers, customers and the employees which provide two way unique transactions. Stockholders role is exercising the rights of the voting which are based over the share ownership and the exercise of their rights in order to inspect the records and books of the company, they even possess the power to have the positive and the negative influence over the company, however, it is in their best interest to help the company achieve its goals since in the success of the company benefits them as well (Lawrence and Weber, 2011).  

The relationship between the company and the creditors is that the creditors lend money to the company for working capital and collect payments of interest and principal from the company. The company's creditors can have a negative influence on the company if it were to call in loans if payments are not made as arranged and utilized their legal authority to repossess or take over property in a severe delinquency situation (Weber, 2011).  

The relationship between the company and its suppliers is that they provide the supplies for example the service, energy, equipment, stationery and other supplies that are necessary for conducting business, the company makes orders to the suppliers who demands are paid promptly for their services. The suppliers can play a negative role in the success of the company if the suppliers would refuse to meet orders if conditions of contract are unsatisfactory and deciding to supply to competitors instead of the company leaving the company unable to meet the needs of its customers (Lawrence, 2011).  

The secondary stakeholders group includes the nongovernmental organizations, the media, communities, business support groups, the general public and governments (Lawrence and Weber, 2011).  

The non-governmental organizations include those ...