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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 Running a corporation only to earn profits for the shareholders is now an outdated concept.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
Question 1 What is a project? Briefly explain the phases of a project life cycle Question 2 What are the major challenges of an entrepreneur in project formulation?
Question 1: (a) What do you understand by the term Entrepreneurship? Briefly describe three forms of entrepreneurship. (b) Describe four values that a company creates for it
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