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3 (a) Managers and owners of businesses may not have the same objectives.' Explain this statement, illustrating your answer with examples of possible conflicts of interest. (b) In what respects can it be argued that companies need to exercise corporate social responsibility? (c) Explain the meaning of the term 'Value for Money' in relation to the management of publicly owned services/ utilities. (ACCA) 4 Discuss the importance and limitations of ESOPs (executive share option plans) to the achievement of goal con- gruence within an organisation. (ACCA)