Corporate governance, CSR, ethics

Question 1

What is corporate governance?

Answer 1

Set of mechanisms used to manage relationships among stakeholders and to determine and control the strategic direction and performance of organizations

Question 2

What are the methods to mitigate agency problems?

Answer 2

1. Concentration of ownership
2. Market for corporate control
3. Board of directors
4. Executive compensation

Question 3

What is strategic CSR?

Answer 3

Identifying opportunities to create value through CSR: inside-out/outside-in perspectives

Question 4

What are the obstacles to CSR?

Answer 4

• managers/employees behaviors and tolerance
• accumulated in-house pratices/convincing investors