Khadeen Jackson
Introduction
On November 13 to 19, 2017 I was part of the International College of Cayman Islands
(ICCI) local business seminar on Business and Society. This seminar was comprised of chapter
summary, presentation and tours between the three islands, Grand Cayman, Cayman Brac and
Little Cayman. As a part of the seminar, I was required to do short lecture session of my assign
chapter from the required textbook Business and Society, Stakeholder, Ethics, Public Policy 15th
Edition. I was assigned chapter nine and ten which covers Political Environment, Sustainable
I was also assigned final presentation topic which involved choosing a company or
organization within the Cayman Islands that depict the topic that was attached to me, how the
topic is effectively demonstrated or modeled by the said company. I will also incorporate how
the different tours and presentation are essential to my assign topic. The topic that I was
assigned is Corporate Social Responsibility (CSR). I have selected the company Sagicor life of
Cayman Islands to incorporate in my paper. Thought out this paper I will give a summary of
Sagicor life of Cayman Island, its organizational structure, its vision, mission and its view on
corporate
Social responsibility. In the early writing Corporate Social Responsibility was refer to as
Social Responsibilities, this was perhaps this was because the age of modern corporation's
prominences and dominance in the business sector has not yet occurred or been noted (Carroll,
1999, p. 269). According to Carroll (1991), for the better part of 30 years now corporate have
struggled with the issues of firms responsibility to its society (p.39). According to Lawaerace
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and Weber (2014), Corporate Social responsibility is a corporate initiative to assess and take
responsibility for the companys effects on environmental, social wellbeing (p.49). CSR
generally applies to the effort that goes beyond what may be required by regulators or ecological
protection groups. CSR can also be view as a corporate citizenship and can involve incurring a
short-term cost that does not provide an immediate benefit to the company, but instead promote
positive social, environmental change. It is stated that for Corporate Social Responsibilities to be
accepted by a conscientious business person, it should be framed in such a way that the entire
Social Responsibilities is essential for the business of the Cayman Islands as this is a way to
give back to the community they operate in but also build a good relationship with the
communities. Corporate Social Responsibilities is vital in the Cayman Islands, as a small Island
this can improve the public image of the business. This can also help solve social problems. The
organization has the responsibility to the society to protect the environment and take care of the
amenities. This will take into consideration the potential danger of the pollutions, noise, and
disposal of water and avoidance of excessive packaging and use biodegradable materials.
Company Features
Sagicor life of Cayman Islands is a subsidiary of Sagicor Group Jamaica. The company is
registered with the Cayman Islands Monetary Authority (CIMA) as a class A Domestic Insurer
and carrier full and attractive range of life, pension, groups' life and annuity products (Sagicor
life, n.d). Sagicor Life of the Cayman Islands strives by their vision to be a great company
committed to improving the life in the communities in which they operate. Sagicor also allows
their values to decide who they are which. These values are communication, respect, Integrity,
Performance, and teamwork. As it relates to communication Sagicor life of Cayman Islands they
SOCIAL RESPONSIBILITIES 4
will find all ways, listen and seek to understand the needs of others, encourage and accept
feedback, facilitate open decision ad always share information. Sagicor life of Cayman Islands
also establish respect by maintaining the view of others, challenge ideas not people and respect
other person time. Sagicor life of Cayman Islands maintain their integrity by always doing what
is ethical, deliver on their word, hold themselves accountable and still lead by example (Sagicor
life, n.d.). To maintain their performance, they meet deadlines, embrace creativity, be passionate
about exceeding expectation and always recognize good work. Sagicor life of Cayman Islands is
also big on teamwork, by still inviting collaboration, support others to achieve their goals and
The organization structure consists of Management team which are Norman L. Wilson Branch
Manager, Mark Chisholm President &CEO, Rohan Miller Executive vice president-Investment,
and Camille Witter, Assistant Vice president-Actuarial. There is also Audrey Flowers-Clarke,
Individual life Sales & Distribution (Sagicor life n.d.). Sagicor Life of the Cayman Islands
mission statement is committed to the development of their staff, agent and the broader
community that they serve, providing high quality financial and outstanding service while
The size of the board is a product balance between two opposing needs which are a business
need for strong geographical, professional and industry sector representation and need to be
small enough to facilitate open effort and effective dialogue and decision making (Sagicor life of
the Cayman Islands, n.d.). To achieve this need the company has a set of articles that the number
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of Directors shall not be less than 5 and no more than 14. Currently, five directors have been
Sagicor life of Cayman aim is to deliver exceptional customer service in every interaction
with them. To achieve this, they promise transparency, privacy, innovation and reliability,
fairness, and accountability. Sagicor also promises transparency by providing timely and
accurate information that will help make an informed decision in selecting product and service
that will meet customer needs and financial circumstances. Sagicor is also big on privacy, so they
Sagicor life of Cayman Islands committed to being socially responsible corporate entity who
consistently seek to build and better the lives of people in the Cayman Islands. Sagicor life of
Cayman Island has donated to the funds to the Cayman Heart Fund in 2016 to purchase an
ambulance and also give Funds to the Cayman Cancer society to support their Cancer Education
Program.
The Cayman Heart Fund is dedicated to supporting access to high-quality care for all
Caymanians through various programs and initiatives, which directly ties into Sagicor Vision of
improving the lives of the communities in which they operate (Sagicor life.n.d). The funds
received by the Cancer society will be used towards the free community cancer education
programs. The fund was used to purchase display items to help educate the person on cancer and
how to do self-checks to help with early detection. Sagicor as the partner with the Cayman island
cancer society as they believe in supporting activities that help to improve the life of the
communities they operate in and are happy to play their role in helping to enhance the cancer
education program which will lead towards more early detections and saving more lives.
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Corporate social responsibilities were highlighted in the field trip we did. On my visit to the
sister Island Cayman Brac and visit the District Administration and meet Mr. Ernie Scott. E.
Scott (Personal Communicator, November 17, 2017), speak about how government shows
corporate social responsibilities by offer Internship program for high school graduates and
college graduate. By doing this government help in building the community and also helping
Dart enterprise is committed to corporate social responsibilities as they work with much other
organization and individual on community projects that share a common goal, to enhance the
quality of life for all those who live in the Cayman Islands. Dart is the organized o Mind inspired
which embodies the Dart family believe in the importance of pursuing educational excellence.
Mind Inspired currently funds the Minds Inspired High school scholarship and the William A.
dart memorial Scholarship (Dart Enterprise, n.d.). Since 2012, every year since the high school
scholarship awards two, four-year scholarship on their academic excellence with a clear focus on
mathematics and science (Dart Enterprise, n.d). The William A Dart Memorial Scholarship was
established in 2013 in memory of the Ken Dart's late father who was the founder of Dart
overseas institution and renews annually for up to four years. Both this scholarship include
bespoke mentoring and enrichment opportunity, designed to encourage further, support and
Dart also believe in the importance of community park and open gathering space for people to
connect with nature and celebrate the family event is the inspiration for growing communities.
parks in each district. This park are owned and manage by the government, and dart recently
renewed its commitment to maintain the parks, landscaping so that they can use and enjoyed for
years to come.
Dart enterprise also believe that sustainability is intrinsic to our development approach, business
and technological innovations. In championing the move towards alternative energy source, dart
has installed solar panels on Dart properties across the island and are one of the largest producers
of solar energy in the Cayman Islands (Dart Enterprise, n.d.). Dart was also an early advocate for
recycling Cayman, they collect and reuse glass by crushing it to produce the aggregate used to
One of the fascinating things to be about dart enterprise has a Dart Corporate Green team,
which is a group of employees who are interested in sustainability. This is where member comes
together to implement greening initiatives in the office, and frequently these practices spill over
to business around Camana Bay. The green team meets monthly and discussion focus on
recycling composting food and garden waste, encouraging best practices for the event, energy,
and water saving initiatives, etc. a bonus for the green team is that social responsibility learned at
work often has a positive impact on employee and ultimately on the community.
Our visit to the Chamber of commerce which we had a meeting with CEO Will Pineau was
quite informative as he educated us on how committed the chamber of commerce was to the
Commerce's leadership Cayman program one of the several offered by the organization. This is
where ever January since 2010, it has offered 24 volunteers six months of exposure to social
economic, business and political issues and community involvement opportunities( Personal
environment protection. Each year they offer Mentoring Cayman matching 50 high school
students' with mentors from business and government; annual earth day and Christmas roadside
cleanup. Chamber of commerce also encourage members and the broader community to sign up
to take the environment pledge "reduce their carbon footprint and reduce, reuse and recycle.
As Stated by E. Costello (Personal Communicator, November 15, 2017), speak about how
Cayman is their home, so they deeply invested in the community. Tower Marketing not only
have their only wellness programs, but they also sponsored many local sporting events including
the Pilates for pink, the tower Titans Softball team, Academy Football club, Cayman Islands
Marathon and the Cayman Invitational (E. Costello, Personal Communicator, November 15,
2017). Tower Marketing is also a firm believer in the importance of community leaders. This is
carried out through their sponsorship and involvement with an organization such as leadership
Cayman, Junior Achievement, Rotary and the Cayman Islands Chamber of Commerce as they
hope to inspire change, led by example and make a difference in lives of other (Tower, n.d).
This seminar has to help me to understand more than main business aim is not just to make a
profit also to help build educate and build the communities they are a part of.
As it relates to my topic corporate social responsibilities, it was amazing to see how much these
companies give back to the community they are a part of, a measure they to help create a vibrant
community. This seminar has not just enhanced my knowledge but has encouraged me to do
more, volunteer my time to the development of my community. With this experience I believe
that every company should be Corporate Social Responsibilities, even if you its a small
business. Every organization or company should put measures in place that encourage and
SOCIAL RESPONSIBILITIES 9
support employees to be social responsibility. On the visit to the sister island, especially Little
Cayman also show me how people live together as one big family. Due to the small population,
the resources are limited, so person work together to make their island productive. At the resort
we stay also show a vast diversity of task, one person is responsible for doing more than one job.
For example, the Resort Manager also services as a tour guide. We were privilege to see Little
Cayman annual pirate Day Parade, it was amazing parade although the population is small. This
shows that when we come together as one we can achieve great things.
I believe it is fair to say that Social responsibility is not a business organization's sole
responsibility. A member of civil society organization has a legal obligation as well as economic
responsibilities to their owner and other stakeholders affected by the financial well-being of the
firm. As highlighted in this paper it is clear that most organization/business in the Cayman
Islands believes that companies should make a profit but also balance this with their social
responsibilities. This can be seen as many companies seek to preserve the environment, protect
consumers, safeguard the health of their employees and also prevent job discrimination. It is also
fair to say that government officials too support Corporate Social Responsibilities as they ensure
corporate compliance laws and regulations that protect the public from abusive business
practices.
It is also clear that corporate social responsibilities also promotes long-term profit for the
business or organization. For example, the companies that invest in mentorship programs or
scholarship, this individual might come to work for them in the future. This also helps to enhance
the business reputation. According to Lawrence and Weber (2014), Reputation refers to the
desirable or understanding qualities associated with the organization or its actors that may
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influence the organization relationship with stakeholders. Corporate Social Responsibilities is not
just about charity, it focus on contributing to the society through other means, protecting the
environment, developing the culture of accountability and improve the human capital.
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Reference
Society.ttp:www.laura.fi./dokumentit/documents/eveolution_of_Definitional_construct.
Carroll, B., (1991). The Pyramid of corporate social responsibility: Toward the moral
http://www.Plu.mx/pluma/a?doi=10.10162%2
http://www.caymanchamber.ky
Sagicor life of Cayman Islands (n.d). Retrieved December 03, 2017, retrieved
http://www.sagicorcayman.com
http://tower.com.ky/culture-career/community.