Corporate Social Responsibility at AlphaWealth

We believe that actions speak louder than words, so let us show you how we have been active in our role. 

The term Corporate Social Responsibly has become one with a variety of different meanings since its development by Howard Bowen in 1953. Below is a few definitions:

“The term social responsibilities of business men refers to the obligations of business men (and women) to pursue those policies, to make those decisions, or to follow those lines of action which are desirable in terms of the objectives and values of our society. This definition does not imply that businessmen as members of society lack the rights to criticize the values… it is assumed, however, that as servants of society, they must not disregard socially accepted values or place their own above those of society.” (Howard R. Bowen, 1953)

“With so many conflicting goals and objectives, the definition of CSR is not always clear. Here, we define CSR as actions that appear to further some social good, beyond the interests of the firm and that which is required by law. This definition underscores that, to us, CSR means going beyond obeying the law.” (Abagail & Siegel, 2001)

Here at AlphaWealth we want our view on Corporate Social Responsibility to be based on our actions not just our words. We see CSR as the continuing commitment to behave ethically and contribute to economic development as well as local communities. We believe strength in these factors leads to better governance and ultimately benefits society by creating a more sustainable focus for the firm. Building long-term impacts into business operations also benefit the wider community. Our economy and our environment are interdependent and the acknowledgement of this by more businesses will ensure a number of wider societal benefits are realised.

How does AlphaWealth contribute to Corporate Social Responsibility?

1.Cork Simon Community

We are proud sponsors of the Cork Simon Community.We are passionate about helping others and believe everyone deserves a second chance. Cork Simon works in solidarity with men and women who are homeless in Cork, offering housing and support in their journey back to independent living. We look forward to continuing to work with this charity throughout 2020.

2. Mercy Hospital Foundation:

We are also proud sponsors of the Mercy Hospital Foundation in events such as the 2019 Fort2Fort Charity Cycle in aid of the Mercy Hospital Foundation Cork City and County Lions Clubs and Camden Fort Meagher Restoration in which Nick took part in order to raise money for this charity. Nick is the managing director at AlphaWealth and is continuing our commitment to behave ethically and contribute to society.

3. Sponsorship of Local Clubs

We also like to contribute to local clubs within the community. We sponsor clubs such as the DeRonde Van Cork Cycling Club and Leeside AFC. AlphaWealth as part of supporting the local community are the main sponsor for the Leeside Annual Golf event.

 

At AlphaWealth we are always open to the possibility of doing more for our local community. Please contact ncrowley@alphawealth.ie if you think of any suggestions.

 

 

The Ups and Downs of my Career

Having graduated with a degree in Economics from the London School of Economics, I began my career in 1995 as an Investment Banker. Twenty two and full of confidence, I found that Investment Banking was a great platform to make a lot of money! I was moving hundreds of millions of Pounds/Deutschmarks & Lira between banks which thinking back was a huge responsibility for a 22 year old!! Having worked in some of the biggest Global Banks I found after 5 years it was not something I could envisage myself staying in long-term and lost the desire to continue. Continue reading “The Ups and Downs of my Career”