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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1739 |
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As a result of this, Mullins (2005) emphasised that companies must refrain from cheating, stealing and coercion in their business pursuits and that they should ensure that distribution of profits must be ethically done.
ACCOUNTABILITY TO STAKEHOLDERS
It is very sensible for business leaders to produce reports on their corporate social responsibilities as stakeholders need to know what is going on in the business...
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The emphasis on stakeholder theory in today’s business means that a new conceptual approach is needed to address the externalities and their impact on stakeholders who are critical to a company's current and future success (Falck and Heblich, 2007).
Consequently, companies have to report on their social responsibilities to the stakeholders who include suppliers, customers, owners and employees, as well as the emergence and renewed importance of government, foreign competition, environmentalists, consumer advocates, special interest groups and media (Freeman, 1984)...
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