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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 Running a corporation only to earn profits for the shareholders is now an outdated concept.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
What are the objectives of the Inventory Control? Inventory control is concerned with achieving an optimum balance between two objectives which are:- 1. For minimising inves
luther gulick and lyndall uruick identified seven management functions coined POSDCORB,explain the role of the model in converting a given policy into useful outcomes
Three of the best companies in terms of their advancement and development of woman are Motorola, Deloitte, and Touche and Bank of Montreal (See Nelson and Quick, 2007 p. 47). Avon
QUESTION 1 (a) Examine critically the three major barriers to inter-cultural communication. (b) Explain how these barriers could be eliminated due to a better understanding
1. Business Continuity is based on disaster recovery. Discuss this statement highlighting the technology and processes involved. 2. A large online bank is considering implementi
assignment 3000 words
Effects of Accidents The accidents are always undesirable. They result in loss of life and property. They produce evil effects on workers, families employers and on the
Kaizen is the Japanese term for continuous improvement. The kaizen concept was pioneered by in Japan by Toyota as a daily challenge to all its employees to improve their process
There is always variation in demand and supply of product. The protection against such unpredictable variations can be done by means of buffer stocks. a. Changes
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