Cez Csr Evaluation

Company overview CEZ Group is a Czech electricity meld with headquarters in Prague and operations in a issue forth of countries in Central and Southeastern Europe and Turkey. Its principal businesses is contemporaries of energy, trading of energy, distribution of power and heat, trading in and gross sales of natural gas, and coalmining. The shares of the Groups parent company, CEZ, a. s., are traded on the Prague and Warsaw Stock Exchanges. What is concomitant about this company, is that its main stockholder is the state of Czech Republic with a nearly 70% stake in the stated capital. Czech Ministry of Finance is on the top of pyramid of control in the company. Already at the beginning of my analysis I would like to mention that the subroutine of CSR in a state-owned company is different and the activities of the company gist the risk to be perceived as substitutes of the initiatives that should have been by by a state itself. CEZ is a well-known and strategically ev entful company in the Czech Republic. In twelvemonth 2010 it produced 74% of all the energy produced in the country. Due to the particular that it is mostly owned by state it is also an key contributor to the state budget. It is the biggest tax-payer in the country, contributing approximately 10% of all corporate taxes.

1 CEZ also have a magnanimous dividend policy, each year paying out in dividends approximately 50-60% from its consolidated profits.2 Net profits of the company had been everlastingly development till the year 2009, and then they started to decline slightly, what tail be mainly explained by the industry trend of lessen of credit prices of electricity. Development of CEZ Net Profits Source: annual Reports 1 ! CEZ life force Brochure 2 CEZ annual Report, available at: http://www.cez.cz/edee/ cloy/file/investors/2010-annual-report/VZ2010_cz.pdf Applied incorporate Responsibility 2MO601 University of Economics, Prague Sofiya Oshchebska 4 In piece to better deduce the performance of the company, its...If you want to get a full essay, rove it on our website: OrderEssay.net

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