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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.
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
SIAM received an