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In the contemporary era, the board of directors has to shoulder larger responsibilities so as to meet the increasing demands of the market place. Running a corporation only to earn profits for the shareholders is now an outdated concept. Nowadays, the corporate as a social entity, has to look beyond its shareholders, to embrace all stakeholders and to perform its ethical and social obligations to society through corporate governance practices.
(a) Differentiate between the terms ‘stakeholder' and ‘shareholder'.
(b) Discuss the basic principles of the ‘Shareholder Theory' and the ‘Stakeholder Theory'.
(c) Show the obligations that corporations have towards society at large
How could technology help solve the problems at the front desk? Explain what you propose very specifically and clearly. Please do not give round-about general answers.
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