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Kristine L. CaagbayBSA 301- AACTIVITYHewlett-Packard (HP) CompanyHewlett-Packard or commonly known as HP, is an American manufacturer of software and computer services. Mark Hurd, the CEO of HP in 2005, roared into the company by eliminating more than 15,000 jobs; cutting down costs for research and...

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Kristine L. Caagbay BSA 301- A

ACTIVITY Hewlett-Packard (HP) Company Hewlett-Packard or commonly known as HP, is an American manufacturer of software and computer services. Mark Hurd, the CEO of HP in 2005, roared into the company by eliminating more than 15,000 jobs; cutting down costs for research and development; and attempting to automate consulting services. A leak of information discussed at a board of director’s strategy meeting in late 2005 led then–Board Chairman Patricia Dunn and CEO Mark Hurd to initiate an investigation of fellow board members. Using detectives who posed as reporters, they obtained phone records of those people on the board that they suspected, and the spying scandal exploded into the open. Dunn was fired from her board seat in 2006 and Newsweek magazine put her on the cover with the title “The Boss Who Spied on Her Board.” Mark Hurd escaped any serious repercussions from the scandal and announced a new, very strict code of conduct for the corporation. By all accounts, Mark Hurd was successful at turning the company around and was listed as one of the best CEOs in 2009. However, another scandal broke, Hurd was accused of sexual harassment with an HP marketing consultant. While the board found that he did not actually violate the company’s sexual-harassment policies, they did find that he submitted inaccurate expense reports intended to conceal the relationship. He was forced to resign in August 2010 by a powerful but small group of directors. In the wake of the Hurd resignation, there was a major board shakeup. Four (4) directors involved in forcing the Hurd resignation resigned their board seats, and five (5) new board members were named. In November 2010, the board named Leo Apotheker as the new CEO. He was the former head of Global Field Operations at SAP and would remain the company’s CEO for little more than 10 months. Apotheker’s move to push forward the HP TouchPad tablet was a commercial failure at the same time that HP phones were taking a beating in the market. In a stunning announcement in September 2011, he stated that HP would exit the PC business entirely. HP was the leader in PC sales both within the United States and globally. The outrage was immediate and overwhelming. The company reversed position two (2) weeks later, but the board was appalled at his lack of leadership. After firing Apotheker, the board named one of its own members, former eBay CEO Meg Whitman to run the company. The board turmoil did not end. After a contentious annual meeting in 2013, the Chairman of the Board stepped down, and two (2) other board members resigned. In 2014, Meg Whitman was named Chairman of the Board and two (2) new members were added at the same time that the company was in the process of the most significant layoffs in its history. From 2011 when Whitman took over as CEO to 2015, the company laid off more than 55,000 employees. Effective November 1, 2015, the company split into two (2) publicly traded companies to separate the slow-growing PC and printer business from the potentially fastgrowing cloud technology and cyber security businesses.

The manufacturing, delivery, and use of HP products and solutions requires a substantial amount of natural resources. As part of their commitment in protecting the planet, HP measures their environmental footprint across the value chain to prioritize areas for improvement. HP is the first company in the IT industry to publish a full carbon footprint and one of the first to disclose a complete water footprint. The goal of the company is to decrease its greenhouse gas emissions by 25% in 2020 and reduce its global operations’ potable water consumption by 15% in 2025.

Answer the following questions: (4 items x 10 points)

1. What is/are the sustainable business practice/s of HP based on the given case? The sustainable business practices of HP based on the given case are stakeholder engagement where in as part of their commitment to protect the planet HP focus on water scarcity. Then they also use employee engagement like what they did the company laid off more than 55,000 employees to integrate sustainability into company’s culture, they are ranging from hiring practices and training employee for the well- being process. HP also use water stewardship, innovation, management accountability, executive compensation, investor dialogue and disclosure.

2. What pillar/s of sustainability is/are being addressed by HP’s business practice/s? The HP company using environmental and social pillar. Wherein the company ensures the quality of life, services and safety for the citizens. They also commit their selves to protect the planet while doing business and they proved it by being the first company in the IT industry to publish a full carbon footprint and one of the first to disclose a complete water footprint. The goal of the company is to decrease its greenhouse gas emissions by 25% in 2020 and reduce its global operations’ potable water consumption by 15% in 2025.

3. What function/s of corporate governance is/are present in the case study? Goals and risk management, corporate accountability, shareholder meetings, and government regulations are the corporate governance that present in the case study. With this, they can plan for potential trouble spots and develop strategies to avoid them they did this when they are forcing Hurd to resign in his position but the person who take over with this did not have enough leadership skills with this they are having corporate accountability and shareholder meetings to resolve their problems and be well informed on the updates in the company. They also incurred where there are an issue with Hurd about sexual harassment to a marketing consultant they are also take part to resolve their problem.

4. How will HP resolve its given organizational problem based on the functions of corporate governance? They will resolve their problem by Goals and risk management by they are setting policies and procedures to effectively meet a company’s short and long- term investment goals while they are working on the business risk. Then they are using corporate accountability where it provides a counter- checking with all company procedures and initiatives are being carried out properly. They are conducting a shareholders meeting to give their insights, giving update and etc. all of company should ensures their concerning about their government regulations in their financial reporting it should be regular, ethical treatment of workers and etc....