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DISCHARGING CORPORATE CITIZENSHIP DUTIES IN REDUCING THE PROBLEMS OF THE SOCIETY
EXTRACTED FROM MIDROC NEWSLETTER ISSUE NO. 22
SEP.-OCT 2004
DR. AREGA YIRDAW, CHIEF EXECUTIVE OFFICER, MIDROC ETHIOPIA  
 
     

Encouraged by the conducive working environment created during the last few years, too many individuals and business organizations are playing significant roles through their investment in the economic activity of the country. Although many still believe that the basic objective of business organizations is making profits, there are also others who believe in their national and social responsibilities.

Business organizations, owned by the Chairman of MIDROC Ethiopia, Sheik Mohammed Hussein Ali Al-Amoudi, occupy a significant place in the history of private investment in Ethiopia by being engaged in multi-sector activities that contribute to the development of the nation. These companies, as legal entities, are discharging their additional corporate citizenship responsibilities that transcend the collective economic benefits they render to the country.

It is true that production, distribution and sale of goods and services are the distinctive functions of a business organization in a society. But a business organization should not confine itself to its commercial role alone. Business companies have social responsibilities in addition to making profits for their stakeholders. Many of the most significant social developments of the world succeeded because of the support of entrepreneurial philanthropists.

Companies organized under the office of the Chief Executive Officer of MIDROC Ethiopia are participating in different social activities mainly to discharge their corporate citizenship responsibilities. Their Visions, Missions and Values reflect this fact. Based on these, they are making efforts to serve the community in which they operate. That is why we said “we are not helping but paying back our debts” when we donated a modern patients’ facility building to Zewditu Memorial Hospital in Addis Ababa.

It is a great decision on the part of the owner of our companies and his families to allow us discharge our corporate citizenship duties from profit accounts of the companies. The management and employees of our companies are striving in unity to the same goal.

Today, we believe that we are contributing to the satisfaction of our people when we introduce modern facilities to hospitals, supply treated water to the small towns in rural areas or sponsor intellectual workshops making researches to assist economic development of the country. That is why we are engaged, not only, in the accumulation of profits as such but also serve our employees, their family members as well as the community that produces our customers - who are the backbone of our existence. With such actions we are discharging our corporate citizenship responsibilities, which will continue to the future.

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