Read the statements below and give appropriate answers

Part 1: 'Corporate giving contribute to building strong relationships between businesses and communities'. Recommend different strategies organisations can adopt to optimize benefit from contributions to the community. (5 marks)(Marking- 2.5 marks for each point).

Part 2: 'Corporate governance comprehends the framework of rules, relationships, systems and processes within and by which fiduciary authority is exercised and controlled in corporations'. Justify the statement by explaining the principles of good governance (5 marks)

Part 3: "Firms with strong positive reputations attract better people. They are perceived as providing more value, which often allows them to charge a premium." Analyse the given statement relating it to the importance of reputation for organizations. (5 marks) (Marking- 2 marks for each point) Pert 4: 'Understanding the interdependencies between companies and the communities in which they operate is important for community relations department. Discuss the range of responsibilities the community relations departments are typically involved with. (5 marks)