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Fourth period, Jones. My report on Corporate Social Responsibility, Moody's Corporation. Featuring Moody's Mega Math Challenge and quotes from Moody's CEO Raymond McDaniel. Text: Corporate Social Responsibility Moody's Math Challenge Moody's CEO Raymond McDaniel In an interview with Leaders Online, Moody's CEO Raymond McDaniel explained the importance of Corporate Social Responsibility in Moody's Corporation. "Our involvement in the community has been aligned very closely with the attributes people associate with Moody's, such as promoting education and making sure that students have the specialized skills that are necessary to function in an increasingly complex world." Definition, Corporate Social Responsibility: CSR, also called corporate conscience or corporate citizenship, is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. CSR is a process with the aim to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere who may also be considered as stakeholders. So What does Moody's Corporation do? Moody's Mega Math Challenge "Now in its seventh year, the M3 challenge is a unique contest designed to highlight the value of mathematics in daily life and in solving real-world issues. It is sponsored by The Moody's Foundation, which awards a total of $115,000 in prizes." The Moody's Mega Math Challenge is a joint venture between the Society for Industrial and Applied Mathematics (SIAM) and the Moody's Foundation. An annual contest for high school students, the M3 Challenge spotlights applied mathematics as a powerful problem-solving tool, as a viable and exciting profession, and as a vital contributor to advances in an increasingly technical society. Raymond McDaniel on the Moody's Math Challenge "Our signature project, The Moody's Mega Math Challenge, is an opportunity for students working in teams to participate in a very short but intensive competition where they create modeling solutions to real-world issues." -Moody's CEO Ray McDaniel Besides for teaching math participants have a chance to receive scholarship money The top six prize-winning teams receive scholarship awards ranging from $2,500 to $20,000, which are divided equally among team members and paid directly to the colleges or universities at which the winning students enroll. Semi-finalist and honorable mention winners receive team prizes of $1,500 and $1,000, respectively. Goals of the M3 Challenge: Show how math is useful in the real world Increase interest in mathematics for students Provide scholarships for talented youth Awards: SIAM received an
Citation preview
CORPORAT
E SOCIA
L
RESPONSIB
ILITY
MOODY’S M
ATH
CHALLENGE
March 15, 2012JonesPeriod 4
MOODY’S CEO RAYMOND MCDANIEL
In an interview with Leaders Online, Moody’s CEO Raymond McDaniel explained the importance of Corporate Social Responsibility in Moody’s Corporation.
“OUR IN
VOLVEM
ENT
IN T
HE
COMMUNITY
HAS BEEN
ALIGNED V
ERY C
LOSEL
Y
WIT
H THE
attr
ibute
s peo
ple a
ssoc
iate
with
Moo
dy’s,
such
as
prom
otin
g
educa
tion a
nd mak
ing s
ure th
at s
tuden
ts h
ave
the
spec
ializ
ed s
kills
that
are
nec
essa
ry to
funct
ion in
an in
crea
singly
com
plex
wor
ld.”
MOODY’S RAYMOND MCDANIEL
DEFINITION, CORPORATE SOCIAL RESPONSIBILITY:
DEFINITION, CORPORATE SOCIAL RESPONSIBILITY:CSR, also called corporate conscience or corporate citizenship, is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. CSR is a process with the aim to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere who may also be considered as stakeholders.
SO WHAT DOES MOODY’S CORPORATION DO?
MOODY’S M
EGA MAT
H
CHALLEN
GE
“Now
in it
s se
venth
yea
r, th
e M
3 chal
lenge
is a
uniq
ue co
ntest
des
igned
to
highlig
ht the
valu
e of m
athem
atic
s in
dai
ly li
fe a
nd in s
olvi
ng real
-world
issu
es. I
t is
sponso
red b
y Th
e M
oody's
Foundat
ion, w
hich a
war
ds a
tota
l of
$115,0
00 in p
rizes
.”
The Moody’s Mega Math Challenge is a joint venture between the Society for Industrial and Applied Mathematics (SIAM) and the Moody’s Foundation. An annual contest for high school students, the M3 Challenge spotlights applied mathematics as a powerful problem-solving tool, as a viable and exciting profession, and as a vital contributor to advances in an increasingly technical society.
RAYMOND MCDANIEL ON THE MOODY’S MATH CHALLENGE
“Our signature project, The Moody’s Mega Math Challenge, is an opportunity for students working in teams to participate in a very short but intensive competition where they create modeling solutions to real-world issues.”
-Moody’s CEO Ray McDaniel
“THE MATHEMATICAL ANALYSIS AND APPLICATION OF WHAT THEY’RE LEARNING IN SCHOOL HAVE A VERY DIRECT BEARING ON THE SOLUTIONS THAT THEY COME UP WITH.”
“THE PROBLEMS ARE DIVERSE:
developing solutions for the Social Security system, portfolio management, and U.S. energy independence.”
BESIDES
FOR T
EACHING
MATH…
…par
ticip
ants
hav
e a
chan
ce to
rece
ive
schol
arsh
ip
mon
ey
BESIDES
FOR T
EACHING
MATH…
…par
ticip
ants
hav
e a
chan
ce to
rece
ive
schol
arsh
ip
mon
ey
The top six prize-winning teams receive scholarship awards ranging from $2,500 to $20,000, which are divided equally among team members and paid directly to the colleges or universities at which the winning students enroll. Semi-finalist and honorable mention winners receive team prizes of $1,500 and $1,000, respectively.
GOALS OF THE M3 CHALLENGE:
GOALS OF THE M3 CHALLENGE:
• Show how math is useful in the real world
GOALS OF THE M3 CHALLENGE:
• Show how math is useful in the real world
• Increase interest in mathematics for students
GOALS OF THE M3 CHALLENGE:
• Show how math is useful in the real world
• Increase interest in mathematics for students
• Provide scholarships for talented youth
AWARDS:
SIAM
rece
ived
an A
war
d of E
xcel
lence
in th
e firs
t rou
nd of t
he 2009
Assoc
iatio
ns Adva
nce A
mer
ica
(AAA) A
war
ds pro
gram
for i
ts ro
le in
org
anizin
g
and a
dmin
iste
ring M
oody'
s M
ega
Mat
h Chal
lenge
Moo
dy's
Corpor
atio
n rece
ived
a 2
008 Exc
elle
nce A
war
d from
the
Comm
ittee
Enco
uragin
g Cor
porat
e Phila
nthro
py (C
ECP)fo
r the
com
pany'
s so
phistic
ated
givin
g pro
gram
whic
h enco
urages
stu
dents
to d
evel
op a
pas
sion
for
mat
hemat
ics,
eco
nomic
s an
d finan
ce, a
nd spec
ifica
lly c
iting M
oody'
s M
ega
Mat
h Chal
lenge
whic
h aim
s to
exc
ite s
tuden
ts a
bout e
mplo
ying m
athem
atic
s to
solv
e re
al w
orld
pro
blem
s.
SOURCES:
Moody’s M3 Challenge
Raymond McDaniel interview
Moody’s CEO Raymond McDaniel
SIAM
Moody’s Corporate Social Responsibility
Moody’s Corporation
THANK YOU
