Question
Modern slavery describes situations where offenders use coercion, threats, or deception to exploit victims and undermine their freedom. Practices that constitute modern slavery include human
Modern slavery describes situations where offenders use coercion, threats, or deception to exploit victims and undermine their freedom. Practices that constitute modern slavery include human trafficking, slavery, servitude, forced labour, debt bondage, forced marriage, and the worst forms of child labour. Modern slavery is (or should be) important for businesses and accountants because it exists in many companies' supply chains, and disclosure is essentially voluntary. In 2018 the Australian government introduced modern slavery legislation that required some large companies to analyse and disclose modern slavery in their supply chains. Fellows and Chong (2020) discuss reasons why companies do not seem interested in modern slavery and do not transparently disclose information about their supply chains. Student A uses legitimacy theory or institutional theory to explain corporate responses. Student B uses the managerial branch of stakeholder theory or institutional theory to explain corporate responses.
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