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We are dedicated to following the best practices laid down by our parent company, Nokia Corporation. We have implemented the Corporate Governance Principles established by Nokia Corporation, covering four core areas:
Rights and responsibilities of shareholders Equitable treatment of shareholders Duties and responsibilities of the board of directors
Disclosure and transparency
Regulatory Authorities
(Source:
Nokia Corporate Business Principles Document, June 2007, Nokia Corporation, Public Affairs.)
and
International
Nokia emphasizes that, as a minimum, its employees must comply with the laws applicable in the countries in which it operates. Nokia ensures that the highest standards of responsible conduct are met throughout the organization, by complying in a responsible way with the Nokia Corporate Business Principles, which guide Company activities and relationships worldwide in each sector of business interest. Nokia supports and publicly advocates the United Nations Global Compact and its ten principles, an initiative of the United Nations SecretaryGeneral. The Global Compact asks companies to embrace, support and enact, within their sphere of influence, a set of core values in the areas of human rights, labor standards and the environment. Nokia recognizes that increasing globalization is leading to the development of more and more international recommendations. Although, as a general rule, these recommendations are addressed to governments, they inevitably impact on business practices. Among others, Nokia has incorpo-
rated relevant International Labor Organization Conventions, and the International (WHO) Code of Marketing of Breast-milk Substitutes into its policies. Nokia endorses relevant commitments and recommendations for voluntary self-regulation issued by competent sectoral organizations, provided they have been developed in full consultation with the parties concerned. These include the International Chamber of Commerce (ICC) Business Charter for Sustainable Development. Also, Nokia uses the Organization for Economic Co-operation and Development (OECD) Guidelines for Multinational Enterprises, approved in June 2005, as a reference point for its Corporate Business Principles.
constant interaction with the relevant authorities in both the Government and businesses.
FINANCIALS
Figures International
PROBLEMS/OPPORTUNITIES
Problems:
As such, there seems to be no problem that Nokia is facing in almost all zones it is operating in, including The Asia, Oceana and Australia (AOA) region including Bangladesh. Also, local competition, although high, provides little in the way of taking away profits from Nokia. There is constant market growth and potential in the market for future growth. Potential risks and uncertainties include such factors as general economic conditions, foreign exchange fluctuations, competitive product and pricing pressures and regulatory developments.
The strength of the Nokia Brands Clear priorities for innovations Above average growth with top customers & Discounters
Opportunities:
AOA: growth opportunity Performance is on track Potential for continued growth is promising Aligned organization and portfolio with a vision and a plan Strong management with local expertise
Focus on growing business Focus on delivering return on investment Focus on profitable growth