After attending a seminar about corporate social responsibility (CSR), David advised Carol to focus her investment on those companies with CSR plans. However, Carol argued with David that maximizing shareholders' wealth is the only goal of financial management, not CSR. Do you agree with Carol's viewpoint? Think of some specific scenarios to illustrate your arguments and justify your stance.

After attending a seminar about corporate social responsibility (CSR), David advised Carol to focus her investment on those companies with CSR plans. However, Carol argued with David that maximizing shareholders' wealth is the only goal of financial management, not CSR. Do you agree with Carol's viewpoint? Think of some specific scenarios to illustrate your arguments and justify your stance. (not more than 700 words in total)