Obligations of the corporate Flashcards
What should companies prioritize in their actions according to the obligation to national interest?
Companies should prioritize actions that benefit the countries they operate in and avoid activities harmful to national policies or regulations.
What does political non-alignment mean for companies?
Companies should remain neutral and not donate to political parties or candidates.
What does the rule of law require in corporate governance?
Companies must enforce fair legal frameworks and protect minority shareholders’ rights.
How should companies uphold the country’s reputation?
Ensure high-quality products and services to maintain the nation’s positive image abroad.
To whom are companies accountable?
Companies are accountable to the public and stakeholders for their decisions and actions.
What should companies avoid to ensure fair competition?
Avoid monopolies, unfair practices, and unethical advertising.
What is a company’s obligation regarding environmental friendliness?
Companies must follow pollution standards and prioritize environmental sustainability.
What is the role of CSR in a company’s obligations?
Companies should engage in social causes and give back to the community.
How should companies act as good corporate citizens?
Comply with laws and actively improve community quality of life.
Why is legal compliance important for companies?
Adhering to laws avoids legal risks and ensures proper governance.
How can companies maximize shareholder value?
Efficient resource use to increase profits and stock value.
Why is transparency important to investors?
Transparency builds trust by providing accurate and timely information.
What ethical standards must companies maintain?
Operate ethically and within legal boundaries to maintain investor confidence.
How should companies ensure fair treatment of investors?
Treat all investors equally, without preferential treatment.
Why is risk management crucial for companies?
Risk management protects assets and ensures stable returns for investors.
