Topic 9 Responsible Financial Management

Question 1

What is Corporate Social Responsibility?(2)

Answer 1

• the responsibility for all companies to integrate social and environmental matters in their business operations.
• companies operate in society, they must behave in a way that satisfies not only shareholders, but also a company’s stakeholders

Question 2

What are Stakeholder’s?

Answer 2

A party, person or organisation that has an interest in the company and is effected by that company

Question 3

How does Corporate Social responsibility influence Financial Management?

Answer 3

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