Exxonmobil Stakeholders and Its Analysis Essay

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Stakeholders

How does ExxonMobil Chemicals involve its stakeholders in decisions?

Discussions with communities in the initial stages of a project permits ExxonMobil to recognize opportunities as well as concerns and develop efficient measures of management in the planning stage of the project. By striving to evade or lessen as much issues as possible at the start, the company is able to prevent project interruptions, delays, minimize expenditures, and also avoid the growth of issues.

The community awareness programs and government relations are controlled by ExxonMobil's Best Practices in External Affairs (BPEA). Guaranteeing mutual understanding, respect as well as trust in the firm's stakeholder relationships, imply that interested parties are represented as contracts are developed. It also assists the company to create useful relationships with the stakeholders that can offer significant contribution into the decision-making procedure, over the long-term. Once a project begins, ExxonMobil offers local people and groups, a communication channel for airing and resolving issues without fear of vengeance.

In 2012, the firm approved and put into practice an Upstream Socioeconomic Management Standard for Projects. This particular Standard is structured to assist ExxonMobil recognize possible socioeconomic concerns and threats early in the Upstream project life cycle to create and apply suitable prevention and avoidance, control, alleviation, compensation, and supervising measures. The Standard also states various expectations, which are meant to be applied, founded on the identification of significant socioeconomic threats, such as indigenous individuals, openness and corruption, economic growth, and human rights, among others (Business & Human Rights Resource Centre, 2015).

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What has been your experience?

Being a member of one of the communities that are affected by the activities of ExxonMobil, I have experienced several engagements with the company. Firstly, the company has accommodated members of my community with consideration of the varied dialects. Accommodation of different dialects has ensured that not only the company's communication to the community is effective, but also that of the representation of all community members. We have also been attending, among others, community forums, school meetings and road shows that ExxonMobil organizes to communicate to us. Through these engagements, we have learned the main messages the company communicates, such as safety and environmental conservation (ExxonMobil Corporation, 2014, p. 55).

Additionally, many members of my community successfully resettled through the settlement program that ExxonMobil undertakes. These households receive adequate company's monitoring that ensures that their standards of living are restored. One of the strategies that the company has placed to implement the livelihood restoration of the resettled families is by using local workforce. Training programs that the company has established help the newly employed people of my community to develop their technical as well as professional skills (ExxonMobil Corporation, 2014, p. 56).

ExxonMobil's benefit programs are an essential segment of a total remuneration package meant to support its long-term business aims, in addition to luring, maintaining, and also rewarding the most qualified workers. Guaranteeing access to reasonably priced health care assists workers manage health care concerns and minimize financial worries. The levels of funding of qualified.....

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