DOCSLIB.ORG

ANNUAL REPORT 2013 Internet for All

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
ANNUAL REPORT 2013 Internet for All Internet for all ANNUAL REPORT 2013 Internet for all 17 years ago, Grameenphone embarked on a journey with the ambition to connect the unconnected by making mobile communication as part of everyday life for all Bangladeshis. As the world now moves into the digital era, it is time to focus on bring mobile connectivity to all. Internet and mobile data services open up new possibilities. Internet is an equalizer of opportunity, allowing people to access information, businesses to grow, education and health to reach remote areas. And this is just the beginning. There is an increasingly important link between progress and mobile connectivity-for individuals, as well as for society at large. Grameenphone will enable connectivity by making it available, interesting and affordable to all. With the launch of 3G internet services in 2013, an increasing number of people are now being able to go online. This journey will continue in the years to come, until the ambition of “Internet for All” has become a reality. Annual Report 2013 Contents This is Five Years’ Financial 02/ Grameenphone 45/ Summary 03/ Vision, Mission & Values 47/ Financial Review - 2013 48/ Value Added Statement - 2013 49/ Contribution to National Exchequer History & 05/ Milestones 50/ Directors’ Report 67/ Audit Committee Report 06/ Products & Services 07/ Accolades in 2013 Auditors’ Report & Audited 68/ Financial Statements Performance 113/ Useful Information for Shareholders at a Glance - 2013 09/ 117/ Notice of the 17th Annual General 10/ Corporate Information Meeting 11/ Business Review - 2013 119/ Proxy Form and Attendance Slip The 13/ Shareholders 15/ Organisational Structure Directors’ 17/ Profile 22/ Management Team’s Profile 26/ Message from the Chairman & CEO Corporate Governance 29/ in Grameenphone 39/ Internal Control Over Financial Reporting (ICFR) in Grameenphone 40/ Corporate Responsibility at Grameenphone 42/ Climate Change - Energizing a Sustainable Future Annual Report 2013 This Is Grameenphone NOVEMBER 11 Awarded a cellular license in Bangladesh by the Ministry of 1996 Posts and Telecommunications Launched its service on MARCH 26 the Independence Day of Bangladesh 1997 NOVEMBER 11 Successfully listed on the 2009 Stock Exchanges in Bangladesh This is Grameenphone 02 Awarded 2G License by AUGUST 07 Bangladesh Telecommunication Regulatory Commission 2012 Awarded 3G License and related SEPTEMBER 12 10 Mhz of spectrum by Bangladesh Telecommunication Regulatory 2013 Commission After seventeen years of operations 47.1 million subscribers and more than 60 thousand Shareholders as of December 2013 are now empowered under a single network. Now, it is time to move ahead and build a digital future that will be truly for all. Annual Report 2013 Vision, Mission & Values Vision Vision Empower societies We provide the power of digital communication, Mission enabling everyone to improve their lives, build & societies and secure a better future for all. Values Mission We are here to help our customers We exist to help our customers get the full benefit of being connected. Our success is measured by how passionately they promote us. Vision, Mission & Values Values MAKE IT EASY Everything we produce should be easy to understand and use. We should always remember that we try to make customers’ lives easier. 03 KEEP PROMISES Everything we do should work perfectly. If it doesn’t, we’re there to put things right. We’re about delivery, not over-promising. We’re about actions, not words. BE INSPIRING We’re creative. We bring energy and imagination to our work. Everything we produce should look fresh and modern. BE RESPECTFUL We acknowledge and respect local cultures. We want to be a part of local communities wherever we operate. We want to help customers with their specific needs in a way that suits way of their life best. Revel in the clear connection of a video call with a loved one. Go beyond with GP Internet. Annual Report 2013 History & Milestones Awarded 3G license and related 10 Mhz of spectrum for 15 years effective from September 2013; Introduced different 3G packages & Launched HealthLine, Smile Prepaid & services; Launched life insurance coverage Xplore Postpaid, Cellbazaar, Business 2013 ‘Nirvoy Life Insurance’, mobile content store, Solutions for Business Class & Community; 2006 self service recharge kiosk, first ever virtual Introduced new GP Logo Following Maiden agent ‘Neel’,coordinated WiMax service Decade of Operation; Reached 10 million known as ‘Go Broadband’ etc.; Reached subscribers 47.1 million subscribers Launched Electronic Recharge System, Awarded license for 2G operation for 15 djuice Brand Targeting Youth Segment, years effective from November 2011; two new EDGE & Voice SMS for the first time in 2005 affordable packages ‘Amontron’ and Bangladesh; Reached 4 million subscribers ‘Nishchinto’ were launched, 10-second pulse 2012 was introduced for all products including helplines; A GP App was launched to facilitate mobile self service; Reached 40.02 million subscribers Reached 2 million subscribers 2004 Launched ‘My zone’- location based discount on usage, Micro SIM cards for iPhone, Spondon Package with 1-sec pulse; Launched Prepaid Product with PSTN Grameenphone Branded Handset (C200, Connectivity; Reached 1 million QWERTY handset ‘Q100’ and Android 2011 subscribers 2003 Handset ‘Crystal’), Customer Experience Lab, eCare solution; Completed swapping of 7,272 nos of BTS; Reached 36.5 million subscribers History & Milestones Launched New Tariff Plan, ‘MobiCash’ Achieved BD Business Award for “Best Financial Service Brand, Ekota for Joint Venture Enterprise” 2002 SME, Baadhon Package, Mobile 2010 Application Development Contest & Network Campaign; Reached 29.97 million subscribers Launched WAP Service 2001 Listed on Dhaka Stock Exchange Ltd. and 05 Chittagong Stock Exchange Ltd.; Launched Internet Modem, Special 2009 Olympic Regional Talent Hunt, Stay Launched first Prepaid service in the Green Campaign, Internet Package P5 & Country 1999 P6, Grameenphone Branded Handset & Studyline; Reached 21 million subscribers Lauuched mobile to mobile Service Introduced BlackBerry Service; (without PSTN Access) 1998 Commissioned Brand Positioning & 2008 launched Stay Close & Customer Care Campaign; Reached 20 million subscribers Commenced Operation on the Independence Day of Bangladesh 1997 Converted to a Public Limited Company; Re-launched Business 2007 Solutions; Launched New VAS, Bull Stock Information, Missed Call Alert & PayForMe Service; Re-branded djuice; Incorporated as a Private Limited 1996 Reached 16 million subscribers Company Annual Report 2013 Products & Services Prepaid Bondhu Nishchinto Adjusted djuice Smile Amontron Shohoj Aapon Spondon Business Solutions Ekota GP Public Phone Village Phone Internet SIM Emergency Balance Postpaid Xplore Business Solutions Ekota GP Public Phone Internet SIM Internet 3G Standard Pack (2 GB) 3G Smart Packs 3G Heavy Usage Pack 3G Minipack (75 MB) 2G Standard Pack (1 GB) 2G Standard Pack (3 GB) 2G Smart Packs 2G Heavy Usage Pack 2G Minipack (150 MB) 2G Minipack (25 MB) 2G Minipack (9 MB) 2G Minipack (2 MB) 2G Daily Pack (150 MB) 2G Night Time Heavy Pack 2G Pay As You Go Enterprise Mobile M- Reporting mCentrex BlackBerry Solution Office Tracking Vehicle Tracking Team Tracker Messaging Web SMS Business SMS Corporate Bulk SMS Office Connectivity GP Connect Products & Services Products Value Added Services (VAS) Welcome Tune Music News Music Radio News Services Media Services Sports Services 06 Religious Services Directory Services Matrimony Service Partner Services Education Service Career Service Corporate Services Social Media Service Jokes Services Mobile Backup Call Block Voice Chat SMS Chat GP World Downloadable Contents Infotainment Video Doctor Instant Messaging Mobile Applications Healthline Studyline Messaging Missed call alert Pay For Me Mobile Reporting Stock Update Entertainment Box Single Short Code 123 Online Games Quick Search Power USSD Menu Buddy Tracker Enablers E-care Co-branded opera mini GP App Facebook Services (SMS USSD, Java App) Twitter SMS Mobile TV Roaming Outbound Roaming Inbound Roaming International SMS International MMS Device Handset (Basic, Feature & Smartphone) Modem Adjacent Businesses Wholesale Business* Financial Services** * In compliance with BTRC guidelines, GP is sharing its passive infrastructure with other operators under “Wholesale Business”. ** Introduced different “Financial Services” as electronic ticketing, bill collection, electronic lottery and remittance disbursement under the brand “MobiCash”. Annual Report 2013 Accolades In 2013 In 2013, Grameenphone won a number of awards. With integrity and hard work, we continue our journey with recognition and goodwill. We get better every year and our awards inspire us to GO Beyond. 1 3 Accolades In 2013 Accolades 2 4 1 3 Best Presented Award for Rain Annual Report Water 07 2012 Harvesting in Won the award from the GPHouse Institute of Chartered Awarded by the Water Aid Accountants of Bangladesh and Rain Forum for rainwater (ICAB) in recognition of harvesting in GPHouse. transparency, accountability and 4 compliance with local and 2 international standards. Brand Award mBillionth Received a total of 5 awards; Award Three Grand Prix (highest recognition), One Gold and Grameenphone’s SMS based One Silver at the 3rd edition solution for maintenance of of the Commward organized tubewells to ensure safe by Brand Forum. drinking water in
Load more

Recommended publications
  • Muhammad Yunas Dr
    Case: Muhammad Yunas Dr. Jack M. Wilson Distinguished Professor of Higher Education, Emerging Technologies, and Innovation © 2012 ff -Jack M. Wilson Distinguished Professor Muhammad Yunus • Bangladesh • Chittagong College • Dhaka College • PhD Economics Vanderbilt • Professor Economics in Bangladesh • Founded profitable packaging company • Invented microcredit and microfinance • Nobel Peace Prize • Founder of Grameen Bank – In the late 1980s, Grameen started to diversify by attending to underutilized fishing ponds and irrigation pumps like deep tube wells. – In 1989, these diversified interests started growing into separate organizations. The fisheries project became Grameen Motsho ("Grameen Fisheries Foundation") and the irrigation project became Grameen Krishi ("Grameen Agriculture Foundation"). – In time, the Grameen initiative grew into a multi-faceted group of profitable and non-profit ventures, including major projects like Grameen Trust and Grameen Fund, which runs equity projects like Grameen Software Limited, Grameen CyberNet Limited, and Grameen Knitwear Limited, as well as Grameen Telecom, which has a stake in Grameenphone (GP), the biggest private phone company in Bangladesh. – From its start in March 1997 to 2007, GP's Village Phone (Polli Phone) project had brought cell-phone ownership to 260,000 rural poor in over 50,000 villages.[24] – The success of the Grameen microfinance model inspired similar efforts in about 100 developing countries and even in developed countries including the United States. Many microcredit projects retain Grameen's emphasis of lending to women. – More than 94% of Grameen loans have gone to women, who suffer disproportionately from poverty and who are more likely than men to devote their earnings to their families © 2012 ff -Jack M.
    [Show full text]
  • Press Kit the Grameen Creative Lab Professor Muhammad Yunus Social Business
    www.grameencreativelab.com Press Kit The Grameen Creative Lab Professor Muhammad Yunus Social Business www.grameencreativelab.com Contents Professor Muhammad Yunus Biography Highlights of Awards and Honours Membership on Boards of Advisors/Boards of Directors Values of Grameen What is social business? The seven principles of social business Microcredit as a social business The Grameen Companies The Grameen Family of Companies The Grameen Creative Lab GmbH Hans Reitz One Pioneer of social business: Grameen Danone Future Outlook Prof. Yunus’ Vision and Thoughts for the Future The Future of Social Business Frequently Asked Questions about Microfinance The Grameen Creative Lab 2 www.grameencreativelab.com Professor Muhammad Yunus Biography Since he turned 15 years, Muhammad Yunus has proven to be an extraordinary entrepreneur. He studied economics at the Vanderbilt University, USA, and received his Ph.D. in Economics in 1970. He taught economics in the Middle Tennessee University from 1969 to 1972. Returning to Bangladesh in 1972 after gaining its independence, he joined the University of Chittagong as Head of the Economics Department and tested different projects designed to fight poverty in practice. In 1976 he started the Grameen Bank project, which was transformed into a formal bank in 1983, and founded further 50 companies, which are designed to overcome social problems. Muhammad Yunus is also the founder of The Grameen Creative Lab. The Nobel Prize in Peace 2006 was awarded jointly to Muhammad Yunus and Grameen Bank “for their efforts to create economic and social development from below.” Grameen Bank is probably the most extraordinary social business worldwide. In addition to providing loans to poor people, Prof.
    [Show full text]
  • 20Years Towards
    20 YEARS TOWARDS a world unbound 20 years ago when Grameenphone first introduced mobile phone services in Bangladesh, its goal was to put a mobile phone in the hands of every person in the country and to enable access to modern technologies. Today, 20 years on, Grameenphone's vision is the full digitalisation of society and the creation of new solutions to simplify the lives of its customers. With the introduction of high speed 3G services, Grameenphone leads through innovative digital solutions that not only benefit customers, but society as well. Given the relentless conviction of Grameenphone to improve lives, its tools for progress at one's disposal, today and beyond, no dream is too big and no destination is too far. WELCOME TO OUR 2016 ANNUAL REPORT 2016 Grameenphone Annual Report Overview Business Performance Sustainability An introduction to our report with a Insights of our operation and how our Our sustainability efforts Overview snapshot of our business, key events strategy is delivered and achievements in 2016 02 Who We Are 10 Quarterly Business Highlights 2016 18 Sustainability Initiatives to 03 Vision, Mission & Values 12 Message from Chairman and CEO Drive Social Impact 04 History & Milestones 15 Management Discussion 20 Climate Change-Ensuring a Better Tomorrow 05 Products & Services & Analysis 22 Supply Chain Sustainability 06 Awards & Recognitions 2016 Business Performance 07 Performance Highlights 2016 09 Corporate Information Sustainability Governance Financial Analysis Additional Information Our framework for corporate
    [Show full text]
  • Meet the Entrepreneurs Dr
    Meet the Entrepreneurs Dr. Jack M. Wilson, Distinguished Professor of Higher Education, Emerging Technologies, and Innovation Entrepreneurship: Principles © 2012 ff -Jack M. Wilson Distinguished Professor Meet The Entrepreneurs - 1 What is Entrepreneurship? Most of you will come to this course with some understanding of what entrepreneurship is, who entrepreneurs are, and what those entrepreneurs do. We develop those understandings because of the things we read and see in the media and the people we meet in our lives. As with so many things, our personal experience is often a small window into the field and may or may not reflect the larger picture that could be developed with more extensive experience. In order to create that larger picture, we need to draw upon both a larger set of experiences (primary research)and upon the research and study done by others (secondary research) who have taken a systematic look at the field. This research has also shown that there are some widely held misconceptions (often termed “myths”) about entrepreneurs and entrepreneurship. We will consider some example entrepreneurs. We will confront the myths, and we will try to develop a more accurate and evidence driven insight into entrepreneurship and entrepreneurs. Entrepreneurship: Principles © 2012 ff -Jack M. Wilson Distinguished Professor Meet The Entrepreneurs - 2 Interesting Entrepreneurs • Bill Gates –Microsoft • Harvard Dropout • Computer whiz • Wrote operating system for IBM – Because IBM was too cheap to license CPM • Signed Giving Pledge and Created
    [Show full text]
  • Is Banking for the Poor an Oxymoron? an Examination of Microfinance
    “Is Banking for the Poor an Oxymoron? An Examination of Microfinance Organizations across the Globe” Caitlin Rosser Honors Capstone Project, Spring 2011 Honors in Business Administration Kogod School of Business Bachelors of Science in Business Administration, Specializing in International Business Double Major in International Studies Professor Richard Linowes & Professor Jennifer Oetzel MGMT-458-002H Business, Policy & Strategy Rosser, “Is Banking for the Poor an Oxymoron?” 1 Table of Contents I. Abstract……………………………………………………………………………………2 II. Introduction and Background……………………………………………………………..2 III. What is microfinance?…………………………………………………………………….4 IV. Challenges for the microfinance industry…………………………………………………6 V. Differing strategies of microfinance organizations………………………………………..9 VI. Comparison of strategies within the industry……………………………………………18 VII. Recommendations for the Future………………………………………………………...21 VIII. Conclusion……………………………………………………………………………….23 IX. Appendices……………………………………………………………………………….24 Rosser, “Is Banking for the Poor an Oxymoron?” 2 ABSTRACT The field of microfinance has developed rapidly within the past two decades, with many nongovernmental organizations (NGOs) and microfinance institutions (MFIs) established in various countries throughout the world. These organizations operate under the mission of “banking for the poor,” bringing opportunity and credit for the poor to lift themselves out of poverty. However, there are many varying strategies for these organizations to take, and many different structures to
    [Show full text]
  • Muhammad Yunus
    Biography of Professor Muhammad Yunus Professor Muhammad Yunus was born on June 28, 1940. He is the founder and managing director of Grameen Bank, which pioneered microcredit. This is a method of banking where small loans are given to the poor, mostly to women, without collateral, for income-generating activities, to help them get out of poverty. The third of nine children, Prof Yunus was born in the village of Bathua, Chittagong. His father was Haji Muhammad Dula Mia Shawdagar, a jeweller, and his mother was Sofia Khatun. In 1944, his family moved to the city of Chittagong, and he studied at Lamabazar Primary School. Later, he passed the matriculation examination from Chittagong Collegiate School. During his school years, he was an active Boy Scout, and travelled to West Pakistan and India in 1952, to Europe, the USA, and Canada in 1955 and to the Philippines and Japan in 1959, to attend Jamborees. In 1957, he enrolled in the Department of Economics at Dhaka University and completed his BA in 1960 and MA in 1961. Following his graduation, Prof Yunus joined the Bureau of Economics, Dhaka University. Later he was appointed as a lecturer in economics in Chittagong College in 1961. In 1965, he was offered a Fulbright scholarship to study in the United States. He obtained his PhD in economics from Vanderbilt University in the US in 1969. From 1969 to 1972, he was an assistant professor of economics at Middle Tennessee State University in Murfreesboro, TN. During the Liberation War of Bangladesh in 1971, Prof Yunus founded a Citizen’s Committee in Nashville, TN, published a newsletter named Bangladesh Newsletter, and ran the Bangladesh Information Center in Washington DC with other Bangladeshis living in the US, to raise support for the liberation of East Pakistan and lobby at the US Congress to stop military aid to Pakistan.
    [Show full text]
  • Aspects of Microfinance System of Grameen Bank Of
    Jamal Nazrul Islam, Haradhan Kumar Mohajan, Rajib Datta, Int. J. Eco. Res., 2012, v3i4, 76-96 ISSN: 2229-6158 ASPECTS OF MICROFINANCE SYSTEM OF GRAMEEN BANK OF BANGLADESH Jamal Nazrul Islam Emeritus Professor, Research Centre for Mathematical and Physical Sciences, University of Chittagong, Bangladesh Haradhan Kumar Mohajan Premier University, Chittagong, Bangladesh. E-mail: [email protected] Rajib Datta Department of Finance, Faculty of Business Studies, Premier University, Chittagong, Bangladesh. E-mail: [email protected] ________________________________________________________________________ Abstract The microfinance system of Grameen Bank is a revolutionary tool to eradicate poverty of the rural people especially the women of Bangladesh. At present GB is the largest microfinance bank in Bangladesh and probably the biggest microcredit organization in the world. It provides loans to assetless and landless poor people whom no commercial bank give loan. Microcredit is the most useful and popular financial system in the world to face financial crisis of the poor people. Grameen Bank loan distribution has risk of default and sometimes the loans are used even dowry which is crime against women right. The rate of interest in Grameen Bank is very high and due to high interest rate the poor women can not use the loan in a high profitable business to bear this burden, so some of the borrowers lose lands and assets to pay the loan. The paper discusses both advantages and drawbacks of Grameen Bank with mathematical calculations in some details. Keywords: Grameen Bank, Microfinance, Joint liability, Loan, Risk of default ________________________________________________________________________ INTRODUCTION is a difference between them. The aim of Grameen Bank (GB) is to Microcredit refers to the act of providing reduce poverty in both rich and poor the loan.
    [Show full text]
  • Redesigning Economics to Redesign the W Rld
    6th SOCIAL BUSINESS DAY 2015 DHAKA, BANGLADESH REDESIGNING ECONOMICS TO REDESIGN THE W RLD NOBEL LAUREATE PROFESSOR MUHAMMAD YUNUS Will the present economic system be able to establish appropriate level of moral social, and material balance in the world? I DON'T THINK IT CAN. The present system is like an impersonal sucking machine which thrives on continuously sucking juice from the bottom to the top. The higher you are in the system, the more juice you are able to suck. It is not because bad people are running the machine; just that the machine is built that way. The system was not designed to have any moral responsibility. At least that is not in practice. Discussion on moral responsibilities is an after-thought. This machine turns people into money-centric robots. The stock market which is the ultimate judge of business success, does not grade businesses on the basis of its moral commitment. Moral issues were never included in their reporting template. 02 I SOCIAL BUSINESS DAY 2015 SOCIAL BUSINESS I have been proposing and practising a new kind of business which is based on selflessness, replacing selfishness, of human beings. This type of business runs parallel to the selfishness-driven business that rules the world. Conventional business is personal- profit seeking business. The new business, which I am adding, is personal profit-forsaking business. It is a for-profit business, but personal-profit forsaking business. I call it social business -- a non-dividend company to solve human problems. The owner can take back his investment money, but nothing beyond that.
    [Show full text]
  • Report of the Review Committee on Grameen Bank
    Report of the Review Committee on Grameen Bank Dhaka, 25th April, 2011 Table of Contents Serial Details Page Preface 1.00 Introduction 2.00 Organizational Structure 2.01 Organization of Grameen Bank 2.02 Share Capital of Grameen Bank 2.03 Structure and Tasks of the Board of Directors 2.04 Appointment of Managing Director 3.00 Financial Situation of Grameen Bank 3.01 Management of Assets and Liabilities 3.02 Internal Control and Monitoring 3.03 IT Management 3.04 Dividend Equalization Fund 3.05 Statutory Reserve Funds 3.06 Rehabilitation Fund 4.00 Transfer of Funds from Grameen Bank to Grameen Kalyan 4.01 Background 4.02 Chain of Events 4.03 News in national newspapers 4.04 International Reaction 4.05 Opinion of Norwegian Authorities 4.06 Analysis of the Events 5.00 Affiliate Organizations of Grameen Bank Flow of funds to affiliates Relation between Grameen Bank and its affiliates Review Observations 6.00 Interest on Loans and Deposits 6.01 Effective Interest Rate on credit 6.02 A comparative picture of the interest rate of Grameen Bank with other micro credit agencies 6.03 Calculation of interest on savings and deposits 6.04 Comparative analysis of the interest on deposits and other charges of Grameen Bank and other micro credit lenders 6.05 A comparison of the interest rate paid by Grameen Bank and other micro credit agencies 7.00 An evaluation of the Activities of Grameen Bank in the light of Micro credit Regulatory Authority Act 2006 an Grameen Bank Ordinance 1983 8.00 Opinions of members of civil society and different individuals and agencies related to micro credit 9.00 Conclusions and Recommendations Additional Observations made by Advocate M Mohsen Rashid 2 Preface 1.
    [Show full text]
  • Muhammad Yunus - Wikipedia, the Free Encyclopedia
    Muhammad Yunus - Wikipedia, the free encyclopedia http://en.wikipedia.org/wiki/Muhammad_Yunus Muhammad Yunus From Wikipedia, the free encyclopedia Muhammad Yunus (Bengali: মুহাদ ইউনুস, pronounced Muhammôd Iunus; born 28 June 1940) is a Bangladeshi Muhammad Yunus economist and founder of the Grameen Bank, an institution that provides microcredit (small loans to poor মুহাদ ইউনুস people possessing no collateral) to help its clients establish creditworthiness and financial self-sufficiency. In 2006 Yunus and Grameen received the Nobel Peace Prize.[1] Yunus himself has received several other Welfare economics , Development economics , national and international honors. Public Health , Gender Studies , Political Philosophy , Utilitarianism He is a member of advisory board at Shahjalal University of Science and Technology. Previously, he was a professor of economics at Chittagong University where he developed the concepts of microcredit and microfinance. These loans are given to entrepreneurs too poor to qualify for traditional bank loans. He is the author of Banker to the Poor and two books on Social Business Models, and a founding board member of Grameen America and Grameen Foundation. In 1996, Yunus introduced mobile phones to rural villages. Grameen Intel is just one of hundreds of public and private partnerships now mediated through Youth & Yunus (http://www.youthandyunus.com/) . In early 2007 Yunus showed interest in launching a political party in Bangladesh named Nagorik Shakti (Citizen Power), but later discarded the plan. He is one of the founding members of Global Elders. Yunus also serves on the board of directors of the United Nations Foundation, a public charity created in 1998 with entrepreneur and philanthropist Ted Turner’s historic $1 billion gift to support UN causes.
    [Show full text]
  • Compass 2008 Cover PROOF
    Volume X Spring 2008 COMPASS A Journal of Leadership and Service at Birmingham-Southern College Spring 2008 Volume X Editor-in-Chief Assistant Editor Staff Advisor CHANNING KENNEDY KATHLEEN SMITH JEANNE JACKSON In the preface to The Leader’s Companion, J. Thomas Wren writes, “Leadership is not a ‘fad,’ but a concept that is both current and timeless.” Understanding leadership is essential to understanding the human condition. Whether or not we admit it, leadership touches each of our lives on a daily basis. We may experience the effects of a leader’s decision, be inspired by a leader’s unique ideas, or even struggle in our own leadership endeavors. Continued contact with this elusive phenomenon certainly generates curiosity and a desire to know and understand the real purpose of leadership. As Wren comments further, “Knowing more about leadership and how the process operates permits one to realize the real end of leadership: the achievement of mutual goals which are intended to enhance one’s group, organization, or society.” In that sense, the Compass serves as a tool for exploring the definition of leadership and, more specifically, leadership that aims to impact our world. The Compass seeks to provide a forum for the discussion of issues related to leadership and service across every academic discipline and welcomes submissions from all students on these topics. This year’s edition of the Compass covers issues of leadership and service from a variety of perspectives. Carson Land’s paper Groupthink in Stalinist Russia employs the theory of Groupthink as a way to explain the lack of critical thinking in the Soviet Union.
    [Show full text]
  • NEW YORK EMPOWERMENT ZONE CORPORATION Meeting of the Directors Wednesday, November 12, 2014 at 10:30 A.M
    NEW YORK EMPOWERMENT ZONE CORPORATION Meeting of the Directors Wednesday, November 12, 2014 at 10:30 A.M. 36th floor Conference Room Empire State Development Corporation 633 Third Avenue New York, NY 10017 AGENDA KENNETH ADAMS, CHAIR – CALL MEETING TO ORDER I. CORPORATE ACTION TAB A. Approval of Minutes of June 30, 2014 Meeting. 1 B. Authorization of Matters Recommended by Bronx Overall Economic Development Corporation (“BOEDC”) 1. BOEDC Administrative Budget – A $725,000 administrative budget for 2 fiscal year 2015. C. Authorization of Matters Recommended by Upper Manhattan Empowerment Zone Development Corporation (“UMEZ”) 1. Victoria Tower – A $10,000,000 loan to finance the hotel construction to 3 be franchised under the Marriott Renaissance at 233 West 125th Street. 2. Grameen America, Inc. – A $500,000 loan to provide micro‐loans to 4 low‐income entrepreneurs from its new Harlem location on 127th Street. 3. UMEZ Marketing – A $120,000 grant to support its marketing, 5 communications, and promotions efforts in support of economic revitalization in Upper Manhattan for fiscal year 2015. D. Authorization of Matters Recommended by New York Empowerment Zone Corporation (“NYEZC”) 1. NYEZC Administrative Budget – Authorization of $495,070 administrative 6 budget for fiscal year 2013. II. SECRETARY’S REPORT FOR INFORMATION ONLY 1. Report on Empowerment Zone Funds Disbursed to BOEDC, 7 UMEZ and NYEZC III. OTHER BUSINESS KENNETH ADAMS – MOTION TO ADJOURN MEETING NEW YORK EMPOWERMENT ZONE CORPORATION MEETING OF THE DIRECTORS 633 Third Avenue 37th Floor Conference Room New York, New York June 30, 2014 10:30 a.m. ATTENDANCE: Kenneth Adams, Chair, ESD, President & CEO, Alicia Glen, Vice‐Chair, NYC Deputy Mayor Economic Development Javier Lopez, Designee, Congressman Jose E.
    [Show full text]